The Korea Fair Trade Commission has given the green light to E.Land's purchase of French retailer Carrefour's South Korean stores.

The approval was given on condition of E.Land selling three retail outlets, either its own or Carrefour's in order to reduce its domination of the market.

Garment retailer E.Lan agreed the acquisition back in April as part of a push to improve its portfolio and increase its hold in its various markets.