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December 21, 2022
Luxury hotels slash VIP benefits to brace for lackluster year
...raised to 500,000 won, while the fee for the most prestigious WPC Noble Fine membership card has been raised from 1.6 million won to 1.7 million won. The nation’s largest department store chain, Shinsegae Department Store has also recently stopped issuing free beverage coupons at its ...
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December 20, 2022
Sales of cold medicine at convenience stores shoot up
.... 1 and 15 increased by 128.3 percent on-year. Sales of other over-the-counter medicines also went up 78.1 percent during the period. Emart24, a convenience store chain under Korean retail giant Shinsegae, also said its sales of fever reducers during the two-week period have gone up 11...
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December 15, 2022
Shinsegae chairwoman's W28b mansion is most expensive in Korea: data
Shinsegae Group Chief Lee Myeong-hee’s Hannam-dong residence maintained its position as the most expensive house in Korea for eight consecutive years, government data showed Wednesday. The 2,862-square-meter mansion located in Yongsan, central Seoul, was valued at 28.03 billion won ($21...
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November 28, 2022
Breaking the glass ceiling: Chaebol groups make breakthrough with female leaders
...PO citing a prolonged bear market. Hanwha Galleria, the retail arm of Hanwha Solutions, appointed Department Head Kim Hae-yeon as Director, the youngest ever female executive there. Retail giant Shinsegae named four new female executives as well. Despite more women in leadership roles...
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November 01, 2022
Naver, Kakao open online spaces for mourning
...ndary damage to the victims. The nation’s retailers, which called off all Halloween-themed marketing events on Sunday, went on to announce the cancellation of more promotional events on Monday. Shinsegae Group canceled its major “Korea SSG Day” annual sale which was scheduled to ru...
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October 31, 2022
Retailers cancel Halloween-themed marketing events
... catering to young consumers, but events have quickly been canceled following the government’s announcement of a national mourning period throughout the week. The nation's top two retail giants, Shinsegae and Lotte said Sunday they made adjustments to their planned holiday campaigns o...
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October 10, 2022
Korean duty-free shops strive to reduce reliance on China
...ion of international travel around the world, local retailers, especially the top two Lotte and Shinsegae, had pinned high hopes on the potential return of Chinese travelers to make up their huge pand... shops are also coming up with marketing strategies targeting a broader customer bas...
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September 29, 2022
Korean businesses show greater appetite for vegan foods
... spicy meat, cup rice comes with toppings such as namul (seasoned vegetables), mushrooms and dried radish leaves. Other menu items include red bean, black sesame and soybean paste rice porridge. Shinsegae Food recently showcased its latest vegan food products like canned ham, meatballs...
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September 27, 2022
Mirae Asset backs out of W4.1tr IFC deal
...d Monday. In May, Mirae Asset was picked as the preferred bidder to acquire the IFC Complex, which consists of three office towers, after fierce competition with a consortium led by retail giant Shinsegae Group. “Mirae Asset has filed a dispute settlement suit with the Singapore Inte...
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September 15, 2022
Coupang denies local reports on selling Coupang Eats
...any rumors and falsehood, taking legal action (if necessary),” it added. The statement came after some local media reported that Coupang had been working to sell Coupang Eats for the past few months, and that it would soon send a proposal request. It also reported that large firms such as Lotte...
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September 07, 2022
More Koreans refuse to cook for Chuseok
...ay, which kicks off Friday and runs through Sept. 12 this year, retailers are offering a wide range of less expensive ready-made meal collection. E-mart, the supermarket chain under retail giant Shinsegae, is promoting its pre-cooked Chuseok meals with the catchphrase, “You can prepar...
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August 10, 2022
Floods ravage Seoul area shopping malls, hospitals
...e the medical equipment, the hospital said, adding that it is providing medical services as usual. Torrential rain pounded large shopping malls, causing temporary closures on Tuesday. Stores in Shinsegae Central City in Seocho-gu, Gangnam-gu, which is connected to the Express Bus Term...
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August 09, 2022
Golfwear market expands in S. Korea
...f in June, and popular activewear brand Xexymix launched its golf product line in May. Large conglomerates have also been jumping into the business, with CJ, Samsung Construction and Trading and Shinsegae all launching golfwear brands earlier this year. Hyundai Department Store‘s fash...
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July 31, 2022
Shinsegae Food launches plant-based canned ham
Shinsegae Food said Thursday that it plans to enter the global alternative meat market with its newly launched plant-based canned ham. “Hormel Foods’ Spam has dominated the global canned ham market ...rst to make a vegan canned ham that has almost the same taste and texture,” said Son...
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July 31, 2022
[Newsmaker] Starbucks Korea admits giveaway bags had cancer-causing chemicals
...’t take any measures for more than a week. Starbucks Korea opened its first branch in front of Ewha Womans University in western Seoul in 1991, and was last year acquired by Korea’s retail giant Shinsegae, which holds a 67.5 percent stake after buying 17.5 percent of shares from Star...
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July 27, 2022
Starbucks Korea to compensate more over claims of toxic giveaway bags
...alling for more stringent quality control. Starbucks Korea opened its first branch in front of Ewha Womans University in western Seoul in 1991, and was last year acquired by Korea’s retail giant Shinsegae, which holds a 67.5 percent stake after buying 17.5 percent of shares from Starb...
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July 17, 2022
Lotte, Shinsegae to build whiskey distilleries in Jeju
Retail giants Lotte and Shinsegae are set to enter the whiskey business by constructing distilleries on Jeju Island, home to some of Korea’s best-quality water. Lotte Chilsung Beverage, Lotte Group’... considering building a whisky distillery using the factory of Jeju Soju, which was a...
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July 12, 2022
S. Korean convenience stores make forays into Malaysia
...alaysian food. In particular, around 4,000 tteokbokki (spicy Korean rice cakes) products are sold a day, topping the list for sales. E-mart24, a convenience store chain under Korean retail giant Shinsegae, launched its 20th store at Mitsui Outlet Park near Kuala Lumpur International Ai...
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July 11, 2022
Retail giants race to build shopping complex in Gwangju
Lotte, Shinsegae and Hyundai, the three retail giants of South Korea, are scrambling to be the first to build a new mega shopping complex in the southwestern city of Gwangju, one of the key campaign ...gju residents are also willing to open their wallets and spend. According to data from...
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June 30, 2022
Duty-free shops open cross-border sales to secure overseas consumers
... the large Chinese population, a high level of consumer purchasing power and high demand for imported items, the number is expected to increase in the following years as well, the report showed. Shinsegae Duty Free and Hyundai Department Store Duty Free are also in talks with local and...