E-mart to sell stake in Costco Korea

Korean retail giant E-mart said on Sept. 13 that it has decided to sell off its 3.3 percent stake in Costco Korea, along with other assets related to the US discount supermarket chain. The Korean firm declined to disclose the deal price. E-mart has owned the stake after their joint venture Price Club was acquired by Costco in 1994. The Korean firm has also leased sites in Seoul, Daegu and Daejeon for Costco outlets.

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