Polo Ralph Lauren Corporation (NYSE: RL) today announced it has reached an agreement to assume direct control of its wholesale and retail distribution from its licensee, Doosan Corporation, in South Korea, beginning January 1, 2011. Doosan Corporation will continue to operate as the Company's licensee in the region through December 31, 2010. The total purchase price will be approximately $47 million, comprised of a cash payment of $25 million for certain assets plus an additional payment estimated at $22 million for primarily inventory and various other assets to be determined at closing on December 31, 2010.