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Article: Hyundai Department Store to launch discount outlet.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- May 11, 2005
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SEOUL, May 11 (Yonhap) -- Hyundai Department Store Group, a leading South Korean retailer, said Wednesday it will launch a discount outlet operation in an alliance with Hanaro Club.Hanaro Club is a local chain store owned by the National Agricultural Cooperative Federation, known for its agricultural products. "We concluded a memorandum of understanding to make a joint venture for a new discount outlet business with Hanaro Club," a Hyundai Department Store spokesman said.
"We are now reviewing where to build discount outlet stores before setting up the joint venture sooner or later," he added. The new discount outlet will combine the advantages of ...