Daily Briefing: South Korea-based Shinsegae invests in Grab; Company fined $6,000 for illegal fruit, vegetable, processed food imports

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No And KKR’s Asia-Pacific managing director Terence Lee quits after 10 years. From DealStreetAsia: South Korean retailer Shinsegae Group has invested an undisclosed amount in Singapore-headquartered Southeast Asian ride-hailing superapp Grab, according to local reports. The funding has been reportedly routed through the retailer’s newly formed corporate venture arm Signet Partners, which has also invested in companies like the US-based fashion brand Entireworld, and fashion tech firm Ably Corporation in its home market. read more