Homeplus Co., the South Korean unit of British retail giant Tesco Plc, said Sunday that it is targeting

12.2 trillion won ($10.9 billion) in sales this year, up 6.2 percent from a year earlier.

Homeplus will also hire 1,000 recruits, the company said in a statement.

In an effort to achieve its goal, the discount chain will go ahead with business projects like the opening of a distribution center for fresh food and enhancing its online business.

Homeplus is the second-largest discount store chain in South Korea after E-Mart Co., which is operated by Shinsegae Group. (Yonhap News)