1 trillion won investment

Shinsegae Group Vice Chairman Chung Yong-jin, center, holds hands with Affinity Equity Partners managing partner Lee Chul-joo, left, and BlueRun Ventures general partner Yoon Kwan, during a signing ceremony at JW Marriott Seoul, Wednesday. The two asset management companies agreed to invest 1 trillion won ($877 million) in the retailer's e-commerce business. / Courtesy of Shinsegae Group