Singapore’s sovereign wealth fund GIC has injected 100 billion won ($92 million) into Korean retail major E-Land Group, according to South Korean media reports. The round was part of a 200-billion won investment led by Hong Kong-based Anchor Equity Partners.
E-Land Group is a South Korean conglomerate headquartered in Seoul which has business interests in retail malls, restaurants, theme parks, hotels and construction businesses. Its cornerstone business line is fashion apparel business.
