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(Nikkei BP Group)

(No.1 High-Tech News Site in Japanese)

  • LG Distribution, SK to Open E-Commerce Business Units
  • January 26, 1999 (SEOUL) -- LG Distribution and SK Corp., key units of the LG and SK business groups, plan to advance into the electronic-commerce market by launching Internet shopping malls, industry watchers said.
    LG Distribution said that Korean consumers can order food and other goods via the Internet and have the items delivered to their homes starting in February. With plans to invest 400 million won (US$339,000) in the project, the company is making the final touches to its newhomepage for electronic commerce.

    SK Corp. said it is in talks with SKC&C;, IBM Korea and Hewlett-Packard Korea to launch a large cybermall on a collaborative Internet site, and it will likely invest around 5 billion won in the project.

    (Maeil Business Newspaper, Korea)

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    Updated: Mon Jan 25 17:08:21 1999 PDT