Japanese clothing group Fast Retailing aims to increase its network of Uniqlo stores in South Korea to 300 by the 2020 financial year from its current estate of 64.

The retailer hopes the openings will boost South Korean sales to KRW3 trillion (£1.64bn). The plans were revealed by Fast Retailing chief executive Tadashi Yanai, who also said that he aims for a KRW600bn (£341.3m) operating profit in the country by the end of 2020.