South Korea’s retail giant Shinsegae Group is set to establish a joint venture with China’s Alibaba International this year, with Gmarket and AliExpress Korea becoming subsidiaries under the new ...

Grab has acquired the operations of Nham24, a leading food delivery platform in Cambodia, following regulatory approval. This merger aims to bolster the region’s digital economy by expanding services, ...

Shinsegae Group's affiliate, Shinsegae Hwaseong, announced on the 30th that approximately 2.85 million square meters (860,000 pyeong) of the theme park site in the special planning area 8 of ...

SEOUL, Dec. 27 (Yonhap) -- Shinsegae Inc., the operator of South Korea's second-biggest department store chain, said Friday it will conduct a massive stock cancellation over the next three years as ...

Shinsegae will retire more than 200,000 shares of its own stock over the next three years. It will also increase the minimum dividends per share from 3,500 won to 4,000 won. On the 27th, Shinsegae ...

Gmarket, the e-commerce unit of South Korea’s Shinsegae Group, has joined forces with China’s Alibaba to seek a turnaround amid persistent financial struggles. Shinsegae announced Dec. 26 that it will ...

SEOUL (Reuters) -- South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly ...

South Korean retailer Shinsegae Group plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly by Shinsegae ...

The two retail giants will each have 50 percent of shares in the joint venture, which will include AliExpress Korea and Gmarket as its subsidiary, according to Shinsegae Group on Thursday. Gmarket and ...

Shinsegae plans to invest its 80 percent stake in Gmarket through E-Mart, while Alibaba will provide its stake in AliExpress Korea along with a cash contribution of 300 billion won ($230 million).

SEOUL, Dec. 26 (Yonhap) -- South Korean retailer Shinsegae Group has partnered with Alibaba Group Holdings Ltd. to form a joint venture next year to boost competitiveness in the country's rapidly ...

Shinsegae Group announced a strategic partnership with Alibaba International on Thursday to establish a joint venture. This collaboration aims to strengthen their positions in the competitive ...