South Korea’s largest retailer, E-Mart, will set up its first flagship store in the kingdom by the first quarter of 2019 after the department store and hypermarket signed an agreement with the conglomerate Royal Group on Friday.
E-Mart was established in 1993 and has expanded to 160 branches in South Korea, selling clothes, food and beverage and carrying other retail lines.
E-Mart can also be found in China, Mongolia and Vietnam.
The agreement represents a new milestone in economic relations between South Korea and Cambodia and is only the beginning of the greater level of economic cooperation between the two countries, Commerce Minister Pan Sorasak said.
“I am confident that the cooperation will benefit the Cambodian market by bringing in expertise from the hypermarket chain and in turn create new jobs for Cambodians.”
Mr Sorasak said E-Mart would be built on three hectares of land in Khan Sen Sok near the Commerce Ministry on Russia…