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January 11, 2022
Chaebol groups sell shares in subsidiaries over strengthened intercompany trade measures
... subject to chaebol owner’s sales of portion of their stake. Newly added groups include Daebang Construction & Engineering with 36 affiliates, followed by GS (23), Hoban E&C, Shinsegae (19) and Hyosung Group (18) and Harim (18). Last year, GS had the most affiliates at 34, followed b...
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January 07, 2022
K Auction to make stock debut this month
...we have appraised. It has standardized the way artwork gets distributed here,” a K Auction official said. K Auction and Seoul Auction accounted for a combined 91 percent market share in 2021. Seoul Auction, which went public on the junior Kosdaq exchange in 2008, has recently received a 28 bill...
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January 07, 2022
Starbucks Korea to raise price of Americano
... of coffee beans and other materials such as syrups have begun to soar just too much,” an official from Starbucks Korea told The Korea Herald. Starbucks Korea, owned by South Korean retail giant Shinsegae Group, has retained the price for a tall-size Americano at 4,100 won, after a 20...
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January 04, 2022
Manufacturers, retailers, service providers gear up for full recovery from pandemic
...developing the company’s cosmetics lineup and expanding business in the North American market. Shinsegae Group Vice Chairman Chung Yong-jin set out a goal that went beyond just being “the second Walm...reat digital transformation,” Chung said. “If we can create synergy through the...
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December 31, 2021
Shinsegae buys stake in Seoul Auction to explore art, NFTs
Shinsegae and Seoul Auction are teaming up to expand operations across fields in the arts, NFTs and metaverse, South Korea’s largest art auction house said Dec. 30. The department store operator wil... DART announcement posted by the two firms Wednesday. When the acquisition is finalize...
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November 09, 2021
The hits keep coming: 2022 set for parade of blockbuster IPOs
..., which are listed on the nation’s main board, Kospi, and worth around 5.68 trillion won and 4.66 trillion won, respectively, at the closing bell. SSG.com, the online arm of Korean retail giant Shinsegae Group, and its rival Market Kurly, have selected managers for their IPOs with a ...
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October 28, 2021
Changes in share ownership show power transitions in chaebol: survey
... The ownership family of Lotte Group ranked second, holding 100 percent of the company’s shares, up 29.1 percentage points from 2019. The list was followed by children from the family controlling Shinsegae Group with a 21.2 percentage-point increase, Hankook Tire up 18.9 percentage poi...
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October 28, 2021
Online mall SSG.com picks IPO managers as it aims to list in 2022
SSG.com, the e-commerce arm of South Korean retail giant Shinsegae Group, said Oct. 27 that it has selected managers for its initial public offering with a goal to make a market debut in 2022. According to the officials, the company chose Mirae Asset Securities and Citigroup Global Mar...
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September 27, 2021
SC Bank Korea offers gold, gift certificates for dollar funds, savings accounts
...ubscribe will receive additional benefits on currency exchange services. Mobile Starbucks and Shinsegae gift certificates will be handed out to new subscribers as well. Customers who make investment...n, which can be used in department stores and other platforms operated by local reta...
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August 18, 2021
Early-morning delivery platforms rush into IPO race
...tite for initial public offering shares. Competition among early-morning delivery platforms -- Shinsegae Group’s online mall arm SSG, Market Kurly and Oasis – is becoming fierce, with some market wat...ven domestic and global brokerages for proposals ahead of selecting lead managers ...
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July 29, 2021
E-mart’s profitability to surge after Starbucks Korea acquisition: analysts
...ision to buy an additional stake in Starbucks Korea, which will become a subsidiary of the supermarket chain once the deal is closed. On July 27, E-mart, the supermarket chain under retail giant Shinsegae, announced that it bought an additional 17.5 percent stake in Starbucks Korea for...
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July 27, 2021
Emart in talks to take full control over Starbucks Korea
Retail giant Shinsegae Group’s affiliate Emart, which holds a 50 percent stake in Starbucks Korea, is in talks to buy the remaining 50 percent held by the headquarters of the global coffee chain, the company said on July 26. Shinsegae’s hypermarket chain unit Emart is reporte...
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June 04, 2020
NTS launches tax evasion probe into Starbucks Korea
...ing fraud allegations under the Korean tax law, the report said. Founded in 1999, Starbucks Korea is a 50:50 joint venture between E-mart, the country’s biggest discount store chain operated by Shinsegae Group, and its US parent Starbucks. Some 1,400 local branches are directly manag...
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April 20, 2020
Young owner family executives, many of them women, emerging in Korean business world
...leaders, Chung Mong-koo and Kang Byung-joong. The survey found 33 young female presidents among the 200 conglomerates. They include Lee Boo-jin, 50, from Hotel Shilla, Chung Yoo-kyung, 48, from Shinsegae and Sung Rae-eun, 42, at Youngwon Holdings. Of all the executives from the 150 ...
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October 31, 2019
Behind the demise of duty-free businesses
...stor. The demise of Doosan and Hanwha’s duty-free businesses proved how difficult it is to survive the cutthroat competition in which three major players -- Lotte Duty Free, Shilla Duty Free and Shinsegae Duty Free -- dominate the market with an 80 percent combined share. “Big compa...
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October 14, 2019
Starbucks Korea mulls new headquarters
Starbucks Korea is mulling a move of its headquarters, leaving the current offices at a Shinsegae Group building, industry sources said on Oct. 14. Starbucks Korea, which has more than 1,260 outlets...pace. The coffee chain has been occupying an area at Westin Chosun Hotel, owned by reta...
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September 30, 2019
Shinsegae International to sell Vidi Vici at Singapore’s Changi Airport
Shinsegae International announced on Sept. 30 that it will start selling its cosmetics brand Vidi Vici at Singapore’s Changi Airport from Oct. 1. According to airline reviewing and rating website Sk...ing, and their influence is also spreading to duty-free stores in Southeast Asian coun...
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September 19, 2019
E-mart joins hands with delivery startup Now Pick
E-mart, Korea’s largest discount chain operated by Shinsegae, has joined hands with local startup Now Pick to provide customers round-the-clock delivery service, according to industry sources on Sept. 19. Established in 2018, Now Pick allows customers to place their orders on its app an...
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September 03, 2019
Starbucks, Shinsegae likely to continue partnership for another 10 years
South Korean retail giant Shinsegae Group and global coffee chain Starbucks are likely to extend their partnership for another 10 years, industry sources said Sept. 3. Founded in 1999, Starbucks Korea is a 50-50 joint venture between Shinsegae affiliate E-Mart and Starbucks Cor...
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September 01, 2019
More and more Koreans rely on evolving ready-made meal options
...ducts are really acceptable,” she said. The most expensive “samgyetang” product sold under Shinsegae Group’s private HMR brand Peacock is sold for 9,980 won (US$8.50), which is much cheaper than ...tant ready-made items to meet the voracious needs of customers. Leading ret...