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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...
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July 21, 2023
[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
... investors since its establishment in 2014. Having raised $1.6 million in its Series A funding in 2017, the company succeeded in securing Series B and C funding from a slew of backers, including Shinsegae Information & Communication, an information technology arm of retail giant S...
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July 02, 2023
Toss selected as preferred bidder for Shinsegae's payment services
South Korean retail giant Shinsegae Group said Friday it selected Viva Republica, the operator of Korean fintech unicorn Toss, as a preferred bidder to acquire the group's payment services. The entire stake of Shinsegae's mobile payment businesses SSG Pay and Smile Pay are up f...
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June 30, 2023
Shinsegae premium outlet aims to become tourism hub
By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )
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June 21, 2023
Coupang, Naver dominate Korea's e-commerce market
...ponses. The combined percentages of the two e-commerce services reach a total of 64.9 percent. Shinsegae Group's online retailer, Gmarket, came in far behind with 6.8 percent of responses, followed b...e survey, Coupang also had the highest average weekly purchase rate of 1.5. Korean r...
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June 09, 2023
Shinsegae seeks to take on Coupang with new membership
Shinsegae Group’s new paid membership program, called Shinsegae Universe, was unveiled Thursday in an apparent move to lock in customer loyalty across all its shopping platforms and renew its competi... at Shinsegae Department Stores, along with discounts up to 15 per...
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May 26, 2023
SC Bank holds prize event for new special interest account holders
...ted in the account will yield a higher chance of winning. One first-place winner, three second-place winners and 10 third-place winners will receive 1 million won, 500,000 won and 100,000 won in Shinsegae mobile vouchers, respectively. One-hundred fourth-place winners will receive two ...
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May 23, 2023
Outpaced by Coupang, E-mart faces gloomy outlook
The nation’s largest discount store chain E-mart, owned by retail giant Shinsegae Group, suffered dismal sales in the first quarter this year, outpaced by its smaller rival Coupang for the first time... York-listed e-commerce giant. It was the first time for Coupang’s online-only sales ...
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May 14, 2023
Coupang quickly catches up to retail giant Shinsegae
South Korean e-commerce firm Coupang is catching up with Shinsegae, one of the country's largest and oldest retail players, by closing the sales gap to less than 10 billion won ($7.5 million) from 1 ... main driver behind its improved performance, posing threats to conventional retail bra...
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May 11, 2023
Apple Pay available at Starbucks stores
Starbucks Korea, Korea’s top specialty coffee chain, now accepts Apple Pay, Apple’s mobile payment service, as of Tuesday. Starbucks Korea is the second retailer under Korean retail giant Shinsegae Group to implement the near-field communication system for Apple Pay following E-mart24,...
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April 17, 2023
Online luxury sellers suffer losses as shoppers return in-store
...he added that major Korean e-commerce channels have expanded their own lineup to include sales of luxury items, intensifying competition in the already saturated market for luxury goods online. "Shinsegae Group's e-commerce platform SSG.com has recently opened a pop-up store to sell Ch...
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April 12, 2023
Chanel picks Korea to sell watches online for 1st time
...he online store will be running on SSG.com, an e-commerce platform owned by Korean retail giant Shinsegae Group. Chanel plans to sell seven watch products -- including the J12 Cybernetic, Boy Friend ...h the purchases are made online, customers are required to pick up their watches exc...
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March 22, 2023
LVMH CEO visits Korea, meets retail business leaders
...arlier in the day, Arnault visited Lotte Department Store's main branch in Jung-gu, central Seoul, to meet with Chung Joon-ho, CEO of Lotte Department Store. He was also reported to have visited Shinsegae Department Store's main branch in Jung-gu to meet Sohn Young-sik, CEO of Shi...
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March 20, 2023
Lotte loses Incheon Airport duty-free license bid
...al rights of duty-free shops at Incheon Airport. Instead, Lotte's smaller rivals, Hotel Shilla, Shinsegae DF and Hyundai Department Store Duty Free, were shortlisted for the duty-free licensing bid. ...irport in 2015. Industry insiders also point to its relatively low bidding amount, ...
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February 28, 2023
China’s duty-free giant joins bid to operate at Incheon Airport
...rding to industry sources on Monday, CDFG offered its bid to join the heated race after participating in a tender briefing session last month. Competing head-on with Korean rivals such as Lotte, Shinsegae and Hotel Shilla, the Chinese duty-free giant aims to win as many as two business...
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February 03, 2023
Cosmetics sales pick up after mask rules eased
...ast week after the nation’s mask-wearing mandate was lifted here, according to data compiled by Shinsegae International, a local importer of foreign beauty brands, Thursday. US luxury makeup brand Ho...p in sales here from Jan. 28 to Feb. 1 right before and after eased masking rules, ...
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January 18, 2023
Ex-Gucci CFO named head of Shinsegae International
Fashion and cosmetics retailer Shinsegae International said Tuesday it appointed a luxury fashion expert William Kim as its new CEO, in a bid to strengthen the company's luxury fashion business and s...er growth through mergers and acquisitions and international expansion," added an offic...
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January 05, 2023
CES 2023 to offer glimpse into future lifestyles
...tend the event. Executives from the group’s affiliates including SK On, SK Discovery, SK Supex, SK hynix, SK Innovation and SK Square are also scheduled to visit the Las Vegas Convention Center. Shinsegae Group Vice Chairman Chung Yong-jin will visit CES 2023 in person for the first t...
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December 28, 2022
[KH explains] Why are whiskey prices so high in Korea?
...Daniels Whiskey in a 750-milliliter bottle on Amazon in the US is $24.99, whereas the same whiskey is priced at 60,000 won, or around $47, on SSG.com, an e-commerce platform owned by retail giant Shinsegae Group. There could be many variables to decide the retail prices of distilled sp...