SOUTH KOREA/UK: Tesco - turning a profit where others fail - COMMENT
Tesco will spend $2.6 billion in developing its South Korean retail operations. The stock market remains skeptical over the UK retailer's chances of international success, but it has so far managed the profitable growth of its Asian operations far better than other retailers. It has only been operating in Asia for a short while, and is already making a profit. The strong economic outlook in the country is yet another reason to be positive.
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