Musinsa posted record first-half revenue as it expanded offline locations and grew overseas business, the company said on Sunday. On a consolidated basis, revenue rose 22.5 percent from a year earlier to 821.7 billion won, while operating profit fell 11.2 percent to 52.3 billion won. It cited higher costs and increased selling and administrative expenses tied to larger transaction volumes and investments. The company also reported a net loss related to accounting interest expenses for RCPS.

South Korean fashion platform Musinsa has expanded its Southeast Asia footprint to Vietnam by signing an exclusive distribution agreement with ACFC, an affiliate of Vietnamese retailer Imex Pan Pacific Group (IPPG). Vietnam becomes Musinsa\'s third regional base after the Philippines and Indonesia. The partners completed the deal in July and will roll out the Musinsa Standard brand locally. Musinsa plans to open stores in major areas including Ho Chi Minh City and refine products and marketing based on customer feedback.