Daesang

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Retail Asia01/04/2019

South Korean food manufacturer Daesang is reportedly exiting the convenience store business, selling its stake in the Ministop chain. A cut-throat industry in the territory, competition between players has become so intense that legislation is now in effect to forbid the opening of new convenience stores within 50 metres of existing outlets. Daesang’s withdrawal will […]

Retail Asia27/09/2018

South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to take full ownership of Ministop South Korea. Both companies see the deal as a means to grow their respective […]

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Tag: Daesang

Daesang to sell Ministop stake to partner Aeon

Ministop South Korea is for sale, rivals compete