Business Daily Media

Men's Weekly

.

Siam Piwat Partners with Hyundai Department Store to Forge Global Retail Collaboration Phenomenon, Reaffirming Crowning Achievement in the Limitless Expansion of Global Ecosystem

BANGKOK, THAILAND - Media OutReach Newswire - 21 February 2024 - Reinforcing its success in establishing a borderless global business ecosystem, Siam Piwat Group, Thailand's leading real estate and retail developer, the owner and operator of Siam Paragon, Siam Center, and Siam Discovery, and a joint venture partner of ICONSIAM, ICS, and Siam Premium Outlets Bangkok, has recently unveiled a significant collaboration.

Partnering with Hyundai Department Store, the largest department store chain developer in South Korea, both entities have joined forces by signing a memorandum of understanding (MOU), aiming to elevate and revolutionize the future of retail. This collaboration seeks to perfectly synergize exceptional benefits, offering exclusive experiences and services to members of both parties. With a shared objective of cultivating and promoting new business opportunities on an international scale, the partnership is geared towards the development of world-class destination projects.

Siam Piwat Partners with Hyundai Department Store to Forge Global Retail Collaboration Phenomenon, Reaffirming Crowning Achievement in the Limitless Expansion of Global Ecosystem

Mrs. Mayuree Chaipromprasith, President - Corporate Affairs and Communications, Siam Piwat Co., Ltd., remarked, "This collaboration aligns seamlessly with Siam Piwat's business principles, which revolves around the 'Co-create & Collaboration to Win' strategy. We prioritize fostering a constructive ecosystem continuously by partnering with leading and robust global business entities and consolidating remarkable potential to propel business growth in innovative and boundless ways."

Mr. Jung Jee Young, President, Hyundai Department Store, expressed, "This is the first time a Korean department store has outsourced the operation of a part of a store in a famous overseas shopping mall. With a shared commitment to excellence, we have partnered with the Siam Piwat Group, renowned for its global destination shopping centers that have long captured the hearts of tourists. Together, we aim to offer superior benefits and elevate the customer experience. This collaboration also presents a significant opportunity to break down market boundaries and showcase the potential of K-Culture, a highly popular trend in Thailand."

The collaboration with Hyundai Department Store enables the creation of a more complete ecosystem by leveraging the strengths of both businesses towards a shared objective. This partnership enhances the overall experience for a diverse range of customers, offering exceptional benefits to members of ONESIAM and Hyundai Department Store. This collaboration aims to entice shoppers by offering diverse special privileges at shopping centers and stores as well as stores within the alliance network. It seeks to leave a lasting impression, providing customers from both parties with a unique and superior lifestyle experience.

Given the robust potential of both renowned retail enterprises, evidenced by the significant usage of their services and the substantial spending of customers, they have decided to collaborate and enhance the retail business by actively participating in presenting leading brands and exclusive items across shopping centers. Additionally, this collaboration presents an opportunity to support Thai entrepreneurs in showcasing their creative products to international markets, propelling local heroes to global prominence as well as encouraging small and medium-sized Korean brands to have the market opportunity abroad. This partnership will yield boundless success and drive the business towards sustainability.

In addition, both entities are committed to creating opportunities and fostering business growth by delivering a diverse range of new experiences and exclusives at the 'K-Content Specialty place', a collection of recently popular K-food, K-pop, K-webtoons, K-fashion, and more., offering a shopping experience and fulfilling the demands of modern consumers, which is to forge a new attractive magnet that caters to both Thai customers and foreign tourists, Emphasizing the importance of the Global Destination project that always won the people's hearts.

Siam Piwat Group has successfully reinforced its Global Ecosystem by forging partnerships with world-class multinational retail giants. These include PARCO Shopping Complex in Japan, TAIPEI 101 in Taiwan; Republic of China, Hong Kong Times Square, ION Orchard Department Store in Singapore, Pavilion Kuala Lumpur in Malaysia and Plaza Indonesia in Indonesia, which is a diverse business group encompassing shopping centers. These strategic partnerships connect and extend extraordinary benefits to visitors and entice shoppers from retail alliance members across various countries to visit and shop at Siam Piwat Group shopping centers. Moreover, these collaborations contribute to enhancing the shopping and lifestyle experiences for both Chinese and global tourists, facilitated by platforms such as Alipay, Klook, and Trip.com. This not only promotes the tourism sector but also bolsters the Thai economy as a whole.

Hashtag: #SiamPiwat

The issuer is solely responsible for the content of this announcement.

News from Asia

Deleted

This Press release has been killed

Ausom Launches L1 ABE Electric Scooter with Full German Road Approval

HONG KONG SAR - Media OutReach Newswire - 15 October 2025 - Ausom’s new L1 ABE electric scooter is now available with full road approval in Germany—and for a limited time, it’s launching with spec...

Top Hong Kong Hotels 2025 | Regent Hong Kong Achieves Prestigious Recognition in Condé Nast Traveler Awards

HONG KONG / SINGAPORE - Media OutReach Newswire - 15 October 2025 - Regent Hong Kong proudly announces its recognition in the Condé Nast Traveler Readers' Choice Awards 2025 as one of the top 5 be...

Prudential NextGen Aces featured Exclusive On-Court Session and Panel Series with tennis icons Andre Agassi and Aryna Sabalenka

HONG KONG SAR - Media OutReach Newswire - 15 October 2025 - Prudential plc ('Prudential'), a leading life and health insurer and asset manager, today hosted the Prudential NextGen Aces, an event t...

OPPO ColorOS 16 Set for Global Unveil: A New Era of Smoothness, Intelligence, and Seamless Connectivity

SHENZHEN, CHINA - Media OutReach Newswire - 15 October 2025 - OPPO has revealed its first look at ColorOS 16, the latest version of its mobile operating system, launching with the upcoming Find X9...

Xsolla Brings Exclusive Event To Thailand With Xsolla Connect Bangkok: A Global Games Industry Gathering

Exclusive Event Brings Developers, Publishers, Investors, And Industry Leaders Together to Help Shape The Future Of Gaming BANGKOK, THAILAND - Media OutReach Newswire - 15 October 2025 - Xsolla, a...

APAC Employee Medical Plan Costs to Stabilise in 2026 After Two Years of Sharp Increase, Aon reports

China, India, Singapore, the Philippines and Vietnam projecting lower increases than previous year Cardiovascular diseases, gastrointestinal conditions and cancer are top medical ...

Singapore and Shanghai Professional Bodies Sign MOU to Empower Enterprises Through Cross-Border Collaboration

SINGAPORE - Media OutReach Newswire - 15 October 2025 – Professional and business communities from Singapore and Shanghai came together today in a landmark collaboration to deepen ties and empower...

Watch Exchange Turns Luxury Timepieces Into Hope: Charity Drive to Raise At Least S$100K for Elderly Care

"Give Time, Share Hope" campaign transforms dormant watches into tangible support for Geylang East Home for the Aged SINGAPORE - Media OutReach Newswire - 15 October 2025 – As Singapore's populati...

Coca-Cola: First in Hong Kong in Recycling Plastic Bottles to Create New Ones Leveraging Its Own Facilities

Continuing to advocate for and invest in well-designed collection systems to help reduce beverage packaging waste HONG KONG SAR - Media OutReach Newswire - 15 October 2025 - Coca-Cola in Hong Kong...

Qantas to Serve Nan’s Davidson Plum Cookie

Lake Macquarie, NSW (Awabakal Country): From a single mother’s kitchen bench to supermarket shelves, Wiradjuri entrepreneur Terri-Ann “Tezzi” Dani...

Minns Labor Government shutting down the Business Connect program

The NSW Opposition is concerned that the Labor government will shut down a support program that has assisted New South Wales businesses. In a media ...

Samsara Eco appoints Dr. Lars Kissau as General Manager for Asia

Australian biotech innovator Samsara Eco has announced the appointment of Dr Lars Kissau as its first General Manager of Asia. Based in Singapore...

From the first bounce to the final siren - small business lessons from the AFL Grand Final

The AFL Grand Final is one of the most anticipated days on the sporting calendar. This Saturday, the Geelong Cats and Brisbane Lions will battle i...

Australia’s top finance leaders recognised as CFO role expands

Amid surging regulatory demands and rapidly evolving industry, Australia’s most influential Chief Financial Officers will be honoured at the inaug...

Why outdated security leaves small businesses exposed to crime

Small and medium businesses in Australia are under increasing pressure to address security gaps that criminals readily exploit. An unlocked door, an...