two and a half years in prison a court in seoul jailed shin dong bin for bribery in a wide ranging corruption scandal that brought down the country's president the verdict comes at a time when a lot of which is south korea's fifth largest conglomerate under sponsor of the current winter olympics stepped up marketing in a bitch to promote its brand and to boost sales since the rest creates a leadership vacuum at the retail giant which struggles to compensate for the mounting losses at its china operations. beijing wants to reduce debt piled up by some of the country's biggest hits and that's prompted a unit of china's age and a group to sell some pretty lucrative sides in hong kong a move that's also closely watched here in germany especially in france that that's right to the tune of one point seven billion euros or dollars i should say and it's not the only thing that it's going to sell it's probably going to sell properties in london's canary wharf as well and it said it's looking at selling in new york and this is important in the building behind me as well as not only the chamber of indus

shin dong-bin, the younger brother, has consolidated his control through reorganization. r. but because of this conviction, shin dong-bin can now be remortgaged -- can now be removed from the japan side of the company. it leaves the question of the older brother would pursue that path, given the younger brother consolidated control of the korea side of the company. certainly a lot of questions who would be the next chairman. there is a question what happened with samsung, as well. are these two cases different? dave: yes, these are a bit different. there were two separate cases against shin dong-bin. it is not as big as samsung. yvonne: dave, we are going to leave it there. this is bloomberg. ♪ yvonne: 8:30 in singapore, a little bit cloudy. half an hour from the open of trading their. -- there. gdp year on year numbers looking better. i am yvonne man in hong kong. optimism,i love the seeing the sun through the clouds. you are watching "daybreak asia ." let's get to first word news with a very optimistic and sunny jessica summers. >> economic growth in japan missed estimat

korea's lost her group has been sentenced to two and a half years in prison and golden soul jailed shin dong bin for bribery in a wide ranging corruption scandal that brought down the country's president the verdict comes at a time when south korea's fifth largest conglomerate and a sponsor of the winter olympics had stepped up marketing to promote its brand and boost sales sheen's arrest has created a leadership vacuum at the big giant which is struggling to compensate for the mounting losses at its china operations. into the future and very different retail infrastructure is popping up across china forget the shopping experience or any human interaction whatsoever these new stores a fully digitized. this in conspicuous structure is actually a mini market located in a commercial district outside beijing it's fully automatic there's no staff. it's a market of the future. here customers use an app to access the store locate products and pay for them. to venture and. there are five security cameras watching the store. if a customer shoplift or tries to leave without paying the customer service cen