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April 22, 2024
Starbucks Korea to add flat white to coffee menu
...roduced its first store in front of Ewha Womans University in Seoul in 1999 in partnership with Shinsegae Group, a Korean retail group. Starbucks mostly focused on the Seoul metropolitan area in the ...r to growing appetite for its coffee. It currently operates 1,900 outlets across th...
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March 21, 2024
Emart24 says 3 outlets in Singapore temporarily suspended
...pore outlets, Emart24 has 52 outlets in Malaysia and one scheduled to open in Cambodia in June, which also involve master franchise deals with local firms. Emart24 has said it will continue to strengthen its overseas presence, initially in Asian markets. Emart24 is an affiliate of Shinsega...
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March 20, 2024
Sephora exits Korea after years of losses
...tte Shopping's LOHB's downsized significantly, maintaining only 10 shop-within-shop outlets located at Lotte Mart stores. Similarly, Boots, the UK's leading health and beauty brand introduced by Shinsegae Group, closed its doors in Korea within five years. Shinsegae's own Chi...
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March 15, 2024
Overseas direct purchases to lead e-commerce trends: data
...e-commerce giant Coupang has introduced an online channel since last year, facilitating Korean sellers to market their products in Taiwan, with Japan following suit in March. Korean retail giant Shinsegae's e-commerce platform Gmarket has also launched online service channels in Japan ...
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March 08, 2024
Shinsegae’s 55-year-old heir promoted to chair
South Korean retail giant Shinsegae Group said Friday that it has promoted Chung Yong-jin, the 55-year-old son of the conglomerate’s Chair Lee Myung-hee, to chair with a mission to address the challe...riety of crisis factors, making 'strong leadership' even more necessary than in the pa...
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February 29, 2024
Samgyeopsal Day heats up with stricter fat guidelines
...eturns if customers encounter any excessive fatty meat issues. Lotte Mart has implemented an AI-powered system to screen the fat content of their pork belly products. SSG.com, the online arm of Shinsegae Group, also has declared its commitment to quality. It refuses to sell any produc...
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February 15, 2024
Mobile payment surges by W17tr in 2023
...Samsung Pay landed second with 13 percent, followed by Kakao Pay at 10 percent. Financial tech firm Toss, the industry leader in terms of online transactions, has been seeking to strengthen its mobile payments services lately. Toss is reportedly in the process of acquiring SSG Pay, the mobile pa...
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January 12, 2024
Shinsegae’s Better Foods secures funding from Cleveland Avenue
Better Foods, Shinsegae Food's subsidiary specializing in plant-based products, said Thursday that it has secured investment from the US venture capital investment company, Cleveland Avenue. The exact amount of the deal was not disclosed immediately. Shinsegae Food established...
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January 09, 2024
Busy IPO pipeline expected in 2024
... rise from that of 2020. The brand had tried to make its market debut in 2022, but withdrew due to the sluggish market sentiment. SSG.com SSG.com, the digital shopping platform of retail giant Shinsegae, may go for an IPO once again this year as well. The company seems to have been w...
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January 03, 2024
CJ eyes global expansion for K-street food products
...ion won for both November and December. Launched in August, the bungeoppang series currently boasts red bean, cream and sweet corn-filled varieties. Despite being exclusively distributed through Shinsegae's three shopping platforms -- E-Mart, SSG and G-market -- the bungeoppang selecti...
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December 21, 2023
Korea's logistics paradox: surging demand, looming vacancies
... the nation’s largest e-commerce platform operator. The latest government data shows that Coupang occupies 24.5 percent of the nation's e-commerce market, followed by Naver with 23.3 percent and Shinsegae Group with 10.1 percent. AliExpress officially entered the Korean market in 201...
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December 20, 2023
Shinsegae Duty Free, Cathay Pacific partner to draw in independent travelers
Shinsegae Duty Free, Korea's leading duty-free brand, said Tuesday it has joined hands with Hong Kong airline Cathay Pacific to establish a membership mileage partnership program. This marks the firs...c's more than 10 million acting members can redeem their airline mileage points for sho...
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December 14, 2023
Local retail giant Daiso becomes fully Korean-owned
...rate prices. According to a 2019 survey conducted by local research group Embrain, which polled 1,000 Korean nationals aged 19 to 59 with multiple answers allowed, 97.5 percent of respondents chose Daiso over other competitors, such as Japanese retailer Muji (52.2 percent), Eland retail shop Mod...
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December 06, 2023
Lotte renews online grocery sales race with new mega facility
...of the groundbreaking event. “Starting with the Busan center, we will showcase the most competitive online grocery platform together with Ocado.” Online grocery sales is a burgeoning industry here, where major retailers such as Shinsegae and Coupang, as well as startups such as Kurly...
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November 29, 2023
China’s AliExpress eyes expansion in Korea
...er. Sources say Coupang, the nation’s largest e-commerce platform operator, may face direct competition from its Chinese rival’s bigger presence here. According to the latest government data, Coupang occupies the largest share of the nation’s e-commerce market with 24.5 percent, followed by ...
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November 23, 2023
Kakao Bank to halve international wire fees
...n the range of 5,000 ($3.86) to 10,000 won, will be halved to 2,500 to 5,000 won. Additionally, the company is offering customers who send a minimum of a dollar via the service a chance to win a Shinsegae department store voucher worth 50,000 won. Up to 100 people will be selected thro...
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October 20, 2023
[KH Explains] Why Starbucks' new coupon policy is a big deal in Korea
... Starbucks has announced that they will develop such a POS system, and Kakao is ready to cooperate," a Kakao Commerce official said. Increased scrutiny Starbucks Korea, operated by retail giant Shinsegae Group’s flagship unit E-mart, has faced increased scrutiny in recent years follo...
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September 24, 2023
Outpaced by Coupang, Shinsegae carries out major leadership reshuffle
South Korean retail giant Shinsegae Group conducted a large-scale, earlier-than-usual personnel shakeup following its flagging business showings and losing race against fast-growing retail powerhouse... of Shinsegae Group's offline retail operations, such as E-mart Everyday and ...
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August 06, 2023
Department stores on high alert amid copycat crime threats
...icial from Lotte Property & Investment said. Hyundai Department Store also said the company held meetings on Friday morning to discuss emergency security measures to counter possible accidents. Shinsegae Department Store said that it will respond to potential accidents in line with it...
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August 01, 2023
[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea
...ho are sensitive to trends do not seem very active on the platform. Business moguls, including Shinsegae Group Vice Chairman Chung Yong-jin and Hyundai Card Vice Chairman and CEO Chung Tae-young, wer...d Facebook introduced similar voice-based conversation features, Clubhouse’s popula...