-
June 24, 2022
Dermocosmetics market fast growing in Korea: report
...s business licenses for Asia and the US from GlaxoSmithKline in 2020. The company also added a stake of some 56 percent in Boinca, a US-based hair care brand, to its acquisitions list last year. Shinsegae International, the fashion and lifestyle unit of Shinsegae, has been ex...
-
June 14, 2022
McDonald’s Korea back on sale after six years
...ly delisted from the nation’s second bourse Kosdaq in a move to search for a new owner. Unlike the four, the remaining Lotteria and No Brand Burger are subsidiaries under retail giants Lotte and Shinsegae, respectively. The valuation of McDonald’s Korea is yet to be estimated, but m...
-
June 08, 2022
Duty-free shops see customers return as tourism normalizes
...e visa-waiver program that has been suspended for over two years due to the COVID-19 outbreak. Shinsegae Duty Free said approximately 30 tourists from Vietnam visited its Myeong-dong branch on May 27...-dong branch recently installed three additional elevators exclusively for duty-free...
-
June 06, 2022
Coupang added almost 30,000 new jobs last year
... acquisition of Daewoo Engineering & Construction. The builder is the parent company of Herald Corp., publisher of The Korea Herald. Also included in the list of the largest hirers were Samsung, Shinsegae, LG, Kakao, SK, Hyundai Heavy Industries and Naver. On the other hand, seven com...
-
June 02, 2022
Companies join forces in Busan’s World Expo bid
...rates are joining to add weight to the bid from South Korea’s second-largest city. The 11 businesses include: Samsung Electronics, Hyundai Motor, SK, LG, Lotte, Posco, Hanwha, GS, Hyundai Heavy, Shinsegae and CJ. The KCCI said the final list could be extended in the coming weeks. A p...
-
May 27, 2022
Manufacturing, retail giants unload 5-year plan to spur future growth
...illion won, the ship manufacturer seeks new businesses such as drug making and biotechnology. The group will hire 10,000 workers to further boost its growth, according to the group. Retail giant Shinsegae Group also plans to invest 20 trillion won to strengthen its offline business, on...
-
April 20, 2022
Large retailers enter e-commerce market for designer goods
Large retailers including Hanwha and Shinsegae are keen to jump into the e-commerce market for designer brands as existing online platforms are struggling to beat a counterfeit luxury goods scandal. ...or e-commerce of luxury goods, and is hiring retail experts to tap into the burgeoning ...
-
April 19, 2022
Retailers hope for sales recovery as social dstancing rules removed
... will also restart catering services and allow eating in VIP lounges from April 25,” the official said, adding that the store has limited the VIPs to drinking water and other beverages inside. A Shinsegae Department Store official said it’s too soon to tell whether the store will beg...
-
April 11, 2022
Retail, manufacturing giants turn to bio, healthcare as future strategy
...id it will develop new drugs through open innovation, set up a new-drug-searching platform using artificial intelligence, secure pipelines and enter the cell and gene therapy sector. Last month, Shinsegae Group’s supermarket chain E-mart invested 10 billion won into the capital increa...
-
April 05, 2022
SSG.com to launch cross-border shopping service
SSG.com, the digital shopping platform of retail giant Shinsegae Group, said Monday it will launch a cross-border shopping service for international shoppers. The company will sell over 9.6 million ...Global’s English and Chinese online malls, as part of the first collaborative project ...
-
March 21, 2022
Market jitters dampen investor appetite for e-commerce IPOs
... their plans to go public on ice. SSG.com, the digital shopping platform owned by retail giant Shinsegae Group, is one of the hottest market debuts planned this year. With an estimated market capita...0 trillion won ($8.1 billion), SSG.com is highly likely to seek a merger with eBay K...
-
March 16, 2022
Generational shift speeds up in chaebol leadership
...ai Heavy Industries CEO Chung Ki-sun, 40, and Hanjin Group President Cho Hyun-min, 39. Among the young CEOs and presidents, there were several women, like Hotel Shilla President Lee Boo-jin, 52, Shinsegae President Chung Yoo-kyung, 50, and Hanmi Pharmaceutical President Im Joo-hyun, 48...
-
March 10, 2022
No. of female outside board members at large companies grows, but few CEOs
...ate ladder. Other major conglomerates such as Hyundai Motor Group, SK, LG, Lotte and GS don’t have women CEOs at all. Although Samsung’s Hotel Shilla Lee Bu-jin holds president and CEO roles and Shinsegae’s Chung Yoo-kyung serves as president, both are the founders’ grandaughters w...
-
March 04, 2022
Coupang posts record sales, but also higher operating losses
...e jumped 54 percent from a year ago. In the fourth quarter alone, its sales soared to $5 billion, a quarterly record. Coupang said its record has surpassed the sales of the country’ top retailer Shinsegae and its subsidiaries -– Emart, SSG.com, eBay Korea, and G Market -– whose sale...
-
February 27, 2022
What’s behind Shinsegae’s W4tr bet on Yeouido landmark?
From eBay Korea to a pro baseball team and vineyards, Shinsegae Group has been on a shopping spree recently, and its latest target is IFC Seoul, a landmark complex in Yeouido, western Seoul. Accordi...ong investors, especially at a time when more US rate hikes are expected to come this y...
-
February 14, 2022
SoftBank-backed Naver, Coupang sparkle in Japan
... has yet to turn a profit, as it is still investing heavily in elevating its share in a cutthroat domestic market without a dominant leader. Currently, the three top players -- Naver, Coupang and Shinsegae Group’s SSG.com -- make up more than half the market. Last year, Coupang is est...
-
February 03, 2022
Convenience stores outrank supermarkets in market share
... from the Ministry of Trade, Industry and Energy, sales revenue of three convenience stores -- GS25, CU and 7-Eleven -- came to 30.7 percent last year, following three department stores -- Lotte, Shinsegae and Hyundai. The figure surpassed that of the country’s largest supermarkets, E-...
-
January 26, 2022
Korean retailers jump into NFT craze
...etter understanding of products by putting the clothes on Lotte Home Shopping’s virtual model Lucy before purchasing them, the official added. SSG.com, the online shopping outlet of retail giant Shinsegae, plans to expand its NFT-based digital certification service for luxury goods. ...
-
January 20, 2022
Lotte Group steps closer to Ministop Korea acquisition
...t bidding price -- 300 billion won ($251.5 million) -- possibly leaving out its crosstown rival Shinsegae Group in the heated race. “Since Lotte has outbid other contenders, there’s a 99.9 percent ch...the preferred bidder,” said an industry source who wished to stay anonymous. Alo...
-
January 12, 2022
Digital platforms for secondhand trading emerge as new retail unicorns
...ion). The figure, though based on mere estimation, surpasses the market cap of the retail giant Shinsegae Group, which currently logs 2.9 trillion won. The high valuation comes as the platform receiv...ondhand trading startups, said Tuesday it has raised 82 billion won in an investment...