Chief executives and other corporate leaders are fired or forced out over errors or omissions that might have been papered over in the past, as the Korean society
Musinsa, an online company specializing in men’s wear, is acquiring StyleShare and 29CM, online shopping sites, for 300 billion won ($264 million).
Major e-commerce companies are rushing to acquire existing fashion platforms as they try to encourage more shoppers to look for clothes online.
Musinsa sales last year jumped 51 percent, though its operating profit shrunk 7 percent.
Hyundai Card on Monday released a private label credit card (PLCC) made in partnership with online shopping platform Musinsa.
Retail companies are racing to form their own online communities so they are not so dependent on the likes of Facebook and Instagram.
Koreans in their 20s and 30s are turning to golf in search of new leisure activities that can replace travel amid the coronavirus pandemic.