Yonhap Infomax NewsOct 14
GS Retail Co., Ltd. is moving to sell its loss-making pet e-commerce subsidiary AboutPet, forgiving 20 billion won ($14.7 million) in loans as part of a strategic shift to focus on core retail operations.
#YonhapInfomax #GSRetail #AboutPet #LoanForgiveness #OperatingLoss #DivestmentStrategy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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GS Retail Moves to Sell Pet Subsidiary 'AboutPet'—Forgives 20 Billion Won Loan

GS Retail Co., Ltd. is moving to sell its loss-making pet e-commerce subsidiary AboutPet, forgiving 20 billion won ($14.7 million) in loans as part of a strategic shift to focus on core retail operations.

Yonhap Infomax