Can ‘underwear giant’ squeeze into the retail market? The press release of the South Korean retail giant said it received invitations from many countries, including China and South East Asia, for franchise contracts. South Korean press have commented that more convenience store chains were looking for new opportunities as the domestic market has become saturated. Son Kim, the Vietnamese partner, has been in the retail market for a long time, but opening convenience stores is a new step for the group. GS Retail is leading the distribution sector in South Korea, while Son Kim is a large conglomerate in retail, real estate development and media.

Source: VietNamNet News August 19, 2017 06:45 UTC