By Park Ji-won
As many as 200 chief executives of Korean retail companies will participate in a global retail summit to be held in Turkey, Istanbul from Sept. 21 for a six-day run, according to Korea Chamber of Commerce and Industry (KCCI), Monday.
The KCCI said that it will send a delegation consisting of executives of retail giants to the Asia-Pacific Retailers Convention and Exhibition (APRCE), the longest-running regional retail conference and expo in the Asia-Pacific region. The theme of this year's gathering is "The New World, The New Retail, The New Consumer."
The delegation includes Lotte Shopping CEO Shin Heon, who also serves president of the Korea Retailers Association (KRA), Shinsegae Department Store CEO Jang Jae-young and Hyundai Department Store CEO Ha Byung-ho.
"It could be a good opportunity for the retail firms to seek ways to expand their markets to Europe, thanks to the advantages of Turkey's location," a KCCI official said in a statement.
Around 3,000 retail CEOs from the region will be at the event, including Japan's largest retail supermarket AEON CEO Motoya Okada, and Isetan Mitsukoshi Holdings CEO Hiroshi Ohnishi.
Lotte Department Store, the retail chain of Lotte Shopping, will be one of the winners of The Federation of Asia-Pacific Retailers Associations (FAPRA) awards which are given to 12 companies for bringing innovations into the retail industry.
Lotte was selected for providing leading department store systems to emerging countries such as China, Indonesia and Vietnam.