Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
E-Mart 24 Inc. is set to enter the Cambodian market next year. It will open its very first store in the region’s capital, Phnom Penh.
E-Mart 24 said its convenience store outlet will start welcoming Cambodian customers in the first quarter of 2024. Its target is to operate 100 branches within five years after inaugurating the first branch. The company will gradually increase the number of locations once the brand starts its operations.
The South Korean convenience store chain revealed its expansion plans to Cambodia on Friday, Aug. 25. The company said that this move is part of its game plan to tap into the territory’s economic growth potential. With its arrival, E-Mart 24 will become the first Korean convenience store in the country, as per The Korea Herald.
The chain said it signed a three-way memorandum of understanding (MOU) with Saisons Brother Holding Corp., a retail company based in Cambodia and Hanlim Architecture Group, a leading real estate firm in South Korea. They will join forces to launch E-Mart in Cambodia and ensure smooth business operations there.
The contract states that the joint venture between the three companies will be named E-Mart 24 Cambodia. Through the JV, the partners will secure a master franchise agreement to open stores under the brand.
"We expect the Cambodian economy to continue its growth in the post COVID-19 era,” an official of E-Mart 24 said. “As such, we pushed for the first time in Korea as a convenience store operator to foray into the country's convenience store industry."
E-Mart 24’s managing director, Choi Eun Yong, also said during the contract signing ceremony, "Everyone will join forces to successfully settle E-Mart 24 in the Cambodian market, where the growth potential is particularly high while continuing to review and implement E-Mart 24's entry into other countries."
The Korea Economic Daily reported that E-Mart 24 has been considering the expansion of its business in Cambodia for quite some time now as it sees strong growth potential in the long term. The brand entered the Malaysian market in 2021, and last year, it opened its first store in Singapore.
Photo by: Kth696586/Wikimedia Commons (CC BY-SA 4.0)
