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Carrefour selling off stores, pulling out of Korea
< France, South Korea >

April 8th, 2006
French retail giant Carrefour announced it was selling its 32 outlets in South Korea and pulling out of the country. Carrefour, the fourth-largest discount store chain here, refused to disclose further details but analysts expect offers of at least 1.53 billion dollars in a deal that will reshape South Korea's 120 billion dollar retail market.