By  on May 24, 2011

TOKYO Samantha Thavasa Japan Ltd. said it will establish a joint venture in South Korea with Lotte Shopping, a subsidiary of Lotte Group, in order to establish a network of stores in the country and accelerate its expansion in Asia.

The new venture, called STL Co., Limited, will have a capital of about 2 billion won, or $1.84 million at current exchange rates. The company is due to be set up in June and opened in August.

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