SK Group, a conglomerate in South Korea, agreed to acquire a 16.3% stake in VinCommerce, a retail company, for $410m. "VinCommerce has succeeded in strengthening its sales network and improving sales efficiency through customer-centered management. SK's investment will be the starting point for VinCommercer to take another leap forward in the Vietnamese market," Truong Cong Thang, VinCommerce CEO.