News

Stores

Paul Howell

, Korea

Published:

3 years ago

South Korea's SK Group buys 16.3% stake in VinCommerce

They will collaborate to invest in retail, logistics, and electronic payments.

South Korean conglomerate SK Group is acquiring a 16.3% stake in Vietnam’s largest retail group VinCommerce for $410m (KRW460b) through its Southeast Asian investment arm, Yonhap reported.

SK said it will collaborate with Masan Group to invest in retail, logistics and electronic payment systems to expand VinCommerce's online channels to target the fast-growing e-commerce segment in Vietnam.

VinCommerce, a retail subsidiary of Masan Group, operates about 2,300 convenience stores and supermarkets in Vietnam, taking about 50% of the nation's retail sector. In 2019, Masan Group took over a 83.7% stake in VinCommerce from Vingroup.

Established in 2018, SK Southeast Asia Investment Ltd. bought a 9.6% stake in Masan Group in October of the same year and acquired a 6.1% share in VinGroup in 2019 to expand its presence in the key Asian market.

Also Read

What tech innovations retailers are investing in

MINISO enhances employee welfare and environmental initiatives in 2023

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

How cost-per-wear redefines fashion value

This metric evaluates an item's value based on its frequency of use, lifespan, and resale potential.

Fashion

10 hours ago

What tech innovations retailers are investing in

They are now increasingly adopting digital interfaces, simplified shopping, and data-driven retail.

Stores

11 hours ago

Malaysia's e-commerce market to grow by 12.8% in 2024

Alternative payment methods accounted for 35.7% of e-commerce transactions in 2023.

E-commerce

12 hours ago

Suntory to raise prices on selected products in Japan from 1 Oct

The recommended retail prices for these products will increase by +6 to +32%.

Suppliers

12 hours ago

Exclusives

ZALORA ramps up sustainability amidst rising demand for eco-products

Customers of ZALORA who shop for sustainable products are increasing year by year.

9 hours ago

Two reasons why Zalora’s fulfilment centre skipped futurism

ZALORA’s strategy enables the processing of up to 200,000 orders daily.

E-commerce

9 hours ago

Brand-building for Unilever International goes beyond consumer care

The brand’s innovative practices benefit both consumers and workers.

Stores

Rise of minimarts compels large-format stores to rethink growth strategy

Their focus should shift towards customer density instead of store scale.

Stores

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.