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Costco Wants Price Club Korea Costco Cos., Issaquah, Wash., said it has formed a joint venture in the Republic of Korea with Shinsegae Department Store Co. to acquire the retailer's Price Club Korea membership warehouse clubs. Shinsegae has operated the stores under a license agreement with Costco since 1993. Price Club Korea has one store in Seoul, one in Taegu and a third due to open late this month

Costco Wants Price Club Korea Costco Cos., Issaquah, Wash., said it has formed a joint venture in the Republic of Korea with Shinsegae Department Store Co. to acquire the retailer's Price Club Korea membership warehouse clubs. Shinsegae has operated the stores under a license agreement with Costco since 1993. Price Club Korea has one store in Seoul, one in Taegu and a third due to open late this month in Taejon. Costco said it will own 93.75% of the joint venture and Shinsegae the other 6.

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