Fung Retailing has acquired a majority stake in Korean kidswear retailer Suhyang Group.

The Hong Kong-based company has acquired 70 per cent of the Korean retailer of baby’s and children’s apparel.

Suhyang operates more than 210 shops-in-shops at department stores in Korea for brands including Minkmui, Bluedog, Bluedog Baby, R.Robot, Denim In the Box and Lulabee.

The company also manages nine outlet stores and three multi-brand shops in Korea.

The acquisition is in line with Fung Retailing’s plans to expand its portfolio of baby and children brands and to work with local partners to leverage their expertise, strong brand recognition and retail presence for the introduction of international and European brands into Korea.

In addition, Suhyang will continue to enlarge its retail network in Korea and together with Fung Retailing, introduce its existing brands overseas outside of Korea and work on other retailing projects around Asia.

A subsidiary of Fung Group, Fung Retailing has also interests in convenience chain Circle K and menswear retailer Trinity.