PRICE-COSTCO, SHINSEGAE TO DEVELOP CLUBS

SEOUL, South Korea -- Price/Costco, San Diego, has entered into a licensing agreement to develop American-style membership warehouse clubs in South Korea.owntown Seoul later this year.Ted Wallace, an executive vice president who works out of the Price/Costco office in San Diego, told a U.S. newspaper that Price/Costco will furnish Shinsegae with the training, technical knowledge and products to open

SEOUL, South Korea -- Price/Costco, San Diego, has entered into a licensing agreement to develop American-style membership warehouse clubs in South Korea.

owntown Seoul later this year.

Ted Wallace, an executive vice president who works out of the Price/Costco office in San Diego, told a U.S. newspaper that Price/Costco will furnish Shinsegae with the training, technical knowledge and products to open the warehouse. In return, Shinsegae will cover all start-up costs, provide

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