Business Daily Media

The Times Real Estate

.

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

WRISE Group launches WRISE Capital to bolster Corporate Advisory Services

New business unit leverages the Group’s acquisition of Elstone Capital enabling the Group to deliver corporate finance and financial advisory services HONG KONG SAR - Media OutReach Newswire - 22 ...

Appier Powers POP MART Taiwan to Transform Limited-Edition Product Sales and OMO Experience for Enhanced Operational Efficiency

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - Appier announced today that POP MART Taiwan has adopted its AI-powered conversational marketing platform, BotBonnie—a solution within App...

AFFIN Launches "AFFIN 50 Years, 50 Prizes" Golden Jubilee Campaign, Celebrating 50 Years Of ‘Always About You’ With RM1 Million Grand Prize

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 22 April 2025 - AFFIN Group ("AFFIN" or "the Group") is celebrating its 50th anniversary with the launch of the "AFFIN 50 Years, 50 Prizes" Golde...

DFI Retail Group Launches Low-Carbon Rice Pilot Programme Reduces at Least 30% in GHG Emissions

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - DFI Retail Group (DFI or the Group), a leading Asian retailer with diverse business formats, has launched a low-carbon rice cultivation pi...

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - On Earth Day, Watsons, the flagship health and beauty brand of AS Watson, announces an expanded partnership with ClimatePartner to enhance...

Lee Kum Kee gives support to the 8th International Master Chef Charity Gala Dinner

Event brought together 2,300 chefs and guests to raise funds for the needy and promote Chinese culinary culture exchanges JINAN, CHINA - Media OutReach Newswire - 22 April 2025 - From 14 to 16 Apr...

Cushman & Wakefield Names Matthew Bouw Chief Executive, APAC & EMEA

Single operating model across APAC and EMEA provides scale and balance of services across both regions supporting growth, and offering clients better global connectivity and access to talent HONG K...

Octa is recognised as a platform with the 'Best Trading Conditions 2025' in Malaysia by WBS Magazine

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 22 April 2025 - Octa has won the ‘Best Trading Conditions 2025––Malaysia’ award from WBS Magazine, a prominent Southeast Asian magazine focused...

CK Life Sciences’ Investigational Cancer Vaccines Deliver Promising Results - New Preclinical Study Data to be Presented at the 2025 American Association for Cancer Research (AACR) Annual Meeting

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - CK Life Sciences Int'l., (Holdings) Inc. ("the Company") announced that the Company will be presenting new data from its cancer vaccine re...

Zero-Carbon Village Rises in Tujia Countryside

WUHAN, CHINA - Media OutReach Newswire - 22 April 2025 - During April's Pear Blossom Festival, Tudianzi village, nestled deep in the mountains of central China's Hubei Province, has welcomed over ...

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Sell by LayBy