Korea's Shinsegae raises another $251m for e-commerce platform
SSG.com, the e-commerce platform of South Korean retailer Shinsegae Group, raised an additional KRW 300bn (USD 251m) from existing backers Affinity Equity Partners and BRV Capital Management.
The two investors have subscribed to 3.99m shares at KRW 5,000 apiece, according to a filing. This follows a combined commitment of KRW 1trn in 2018, which coincided with Shinsegae spinning out the online...
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