Musinsa Co., Ltd. signed a memorandum of understanding to acquire StyleShare Inc. for KRW 300 billion on May 10, 2021. Musinsa and StyleShare will remain as independent entity, but it will integrate the logistics centers of all three, including 29CM, subsidiary of StyleShare. StyleShare and 29CM will leverage that the integrated platform led by the Musinsa team and the 3rd party brand generation program. StyleShare reported revenue of KRW 15 billion for the year ended December 31, 2020. KPMG Samjong Accounting Corp. acted as due diligence provider to StyleShare.

Musinsa Co., Ltd. completed the acquisition of StyleShare Inc. on May 18, 2021.