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Shinsegae Vice Chairman Bets on Aggressive M&As

Shinsegae Vice Chairman Bets on Aggressive M&As

SEOUL, July 29 (Korea Bizwire) — From eBay Korea to Starbucks Coffee Korea, Shinsegae Group vice chairman Chung Yong-jin’s aggressive M&A strategy is attracting significant attention. E-Mart Inc., a discount store chain under Shinsegae Group, bought an additional 17.5 percent stake in Starbucks Coffee Korea on Tuesday, paying 474.2 billion won (US$412 million) to become [...]

Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

SEOUL, June 16 (Korea Bizwire) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean unit of e-commerce giant eBay, beating its local rival Lotte Shopping and heralding a seismic change in the country’s e-commerce sector, industry sources said Wednesday. The Shinsegae-Naver consortium reportedly offered [...]

Naver, Shinsegae Join Hands to Take on Coupang via 250-bln Won Share Swap Deal

Naver, Shinsegae Join Hands to Take on Coupang via 250-bln Won Share Swap Deal

SEOUL, March 16 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. and retail giant Shinsegae Group said Tuesday they agreed to a share swap deal valued at 250 billion won (US$221 million) to strengthen their foothold in the highly competitive e-commerce sector. Under the agreement, Naver will buy 150 billion won worth of [...]

Shinsegae Group to Build Theme Park in Hwaseong

Shinsegae Group to Build Theme Park in Hwaseong

SEOUL, April 17 (Korea Bizwire) — An international theme park is being planned for Hwaseong, Gyeonggi Province. The Ministry of Land, Infrastructure and Transport, Korea Water Resources Corp. and Shinsegae Property Consortium — Shinsegae Property and Shinsegae Engineering & Construction — announced Thursday the signing of a contract to start the construction of an international [...]

Shinsegae Makes Travel Tags with Old Prepaid Cards as Part of Upcycling Campaign

Shinsegae Makes Travel Tags with Old Prepaid Cards as Part of Upcycling Campaign

SEOUL, Dec. 19 (Korea Bizwire) — Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, plans to hold a campaign to raise public awareness about environmental pollution caused by plastic waste and the importance of upcycling. Upcycling refers to the act of creating new products using recycled materials, refined with new design [...]

Shinsegae’s BoonTheShop to Open at Harrods in London

Shinsegae’s BoonTheShop to Open at Harrods in London

SEOUL, Sept. 17 (Korea Bizwire) — South Korean retail conglomerate Shinsegae Group said Tuesday its luxury fashion brand, BoonTheShop, will open at an upscale British department store. BoonTheShop will get a space on the second floor of Harrods in London, marking the first time for a local fashion brand to do so, according to Shinsegae. [...]