emart Archives | Be Korea-savvy
Lotte to Sell Assets on Widened Losses; Emart Logs Weak Earnings

Lotte to Sell Assets on Widened Losses; Emart Logs Weak Earnings

SEOUL, Feb. 13 (Korea Bizwire) — Lotte Shopping Co., the operator of South Korea’s biggest department store chain, said Thursday it will sell assets after posting a loss for 2019, while the country’s largest discount store chain operator, Emart Inc., reported weaker than expected earnings as well. Lotte Shopping will sell 200, or 30 percent, [...]

Emart’s Pierrot Shopping Achieves 4.2 mln Visitors in 12 Months

Emart’s Pierrot Shopping Achieves 4.2 mln Visitors in 12 Months

SEOUL, Jun. 27 (Korea Bizwire) — Emart Inc.’s Pierrot Shopping has attracted 4.2 million visitors just 12 months since its grand opening, based on the popularity among young customers and foreigners. A brand led by Shinsegae Group Vice Chairman Chung Yong-jin, Pierrot Shopping has opened eight stores, including six in Seoul, since it was first [...]

Emart Should Abolish its Unmanned Self-Checkout: Workers

Emart Should Abolish its Unmanned Self-Checkout: Workers

JEJU, May 15 (Korea Bizwire) — Workers at Emart in Jeju are protesting against Emart Inc.’s expanded operation of its unmanned self-checkout system. The Emart branch of the Korean Mart Labor Union and Jeju’s Korean Confederation of Trade Unions (KCTU) held a press conference in front of the Jeju branch of Emart on Tuesday and [...]

Jelly New Favorite Dessert of Koreans Over 40

Jelly New Favorite Dessert of Koreans Over 40

SEOUL, March 24 (Korea Bizwire) – Sales of jelly dessert products are booming, particularly among Koreans over 40, a new market research report published yesterday found. The market for jelly desserts grew by 54 percent on year last year, amounting to 153.3 billion won, according to AC Nielson Korea. This year, the market is expected to [...]

Imported Fruit Consumption Soars Following Free Trade Agreements

Imported Fruit Consumption Soars Following Free Trade Agreements

SEOUL, Sept. 19 (Korea Bizwire) – Korea’s recent trade agreements with major fruit exporters such as New Zealand and Chile have brought about a significant increase to consumption of imported fruits, thanks to lower prices.  According to Emart, Korea’s leading retailer, sales of imported kiwis soared by 95.1 percent from January to August compared to [...]

Single-Person Households Boost Popularity of Frozen Food

Single-Person Households Boost Popularity of Frozen Food

SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]

End of Growth for Hypermarkets?

End of Growth for Hypermarkets?

SEOUL, July 8 (Korea Bizwire) – Hypermarkets, which offer a wide range of products under one roof, once prospered in Korea. Recently, however, sales growth has stagnated with a rapid change in consumer behavior.  According to industry watchers, hypermarkets in Korea anticipated high growth this year, following poor performance in 2015 from widespread public fear [...]