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Shinsegae Group acquires 17.5 pc additional stake in Starbucks Korea ANI | Updated: Jul 28, 2021 08:23 IST E-Mart announced on the 27th that it will acquire an additional 17.5% of Starbucks CoffeeKorea s 50% stake held by Starbucks Coffee International. The acquisition is 700,000 shares, and the acquisition amount is 474.25 billion won. Shinsegae Group will have a 67.5% stake in Starbucks CoffeeKorea, including a 50% stake that it already holds. The remaining 32.5% stake will be acquired by the Government of Singapore Investment Corporation (GIC), a Singaporean sovereign wealth fund, from a long-term investment perspective. Starbucks Korea is a joint venture established by Shinsegae Group s E-Mart and Starbucks Coffee International with 50% investment each. Shinsegae Group s Vice Chairman Chung Yong-jin brought Starbucks to Korea after his studying at Brown University in the U.S. Shinsegae Group has maintained and developed its cooperative r

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