Industry
Local retail giant Daiso becomes fully Korean-owned
Dec. 13, 2023
Daiso, a popular 1,000 won store ($0.76) chain in Korea, has officially become fully Korean-owned, shedding its last Japanese corporate shareholder, Tuesday. Although Daiso is well-known in Korea, it has often been labeled as a Japanese company, mainly because Daiso Sangyo, a Japanese entity, had been its second-largest investor with a 34.21 percent stake. Just a day earlier, Asung Daiso announced that its parent company Asung HMP acquired Daiso Sangyo's entire 34.21 percent stake. This a