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Brave new world

25 June 2021 By Robyn Mak

A unit of Shinsegae Group, which opened the country’s first department store 90 years ago, is paying $3 bln for 80% of the U.S. company’s local business. It’s a bold attempt to challenge its fast-growing, domestic online rival. E-Mart’s big brick-and-mortar presence will help.

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