Hyundai Department Store Absorbs Hyundai Shopping... "Enhancing Management Efficiency"

Hyundai Department Store announced on the 19th that it has decided to absorb and merge Hyundai Shopping.

The merger ratio between Hyundai Department Store and Hyundai Shopping is 1 to 0, and the merger date is set for September 1.

Hyundai Department Store explained in the announcement that the merger is "to reduce unnecessary operational expenses and increase management efficiency."