SEOUL, June 14 (Korea Bizwire) — South Korean retail giant Shinsegae Group has formed partnerships with major retailers to reduce the influence of e-commerce operator Coupang Inc. Gmarket, the group’s online shopping subsidiary, said Tuesday it will carry out a special promotion in collaboration with Auction, CJ Cheiljedang Corp., LG Household & Health Care Ltd., [...]
SEOUL, May 18 (Korea Bizwire) — Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, said Wednesday it will showcase a series of digital content featuring the country’s cultural heritage in collaboration with the National Museum of Korea. The content, which was produced by the museum, consists of six videos that will be [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean retail giant Shinsegae Group on Tuesday denied a rumor that G-Dragon of K-pop band BIGBANG was romantically involved with the granddaughter of the group’s chairperson. Speculation surrounding G-Dragon, whose real name is Kwon Ji-yong, and the granddaughter of Chairperson Lee Myung-hee first emerged after a Chinese entertainment [...]
SEOUL, Dec. 14 (Korea Bizwire) — Retailer Shinsegae Group and local telecom giant KT Corp. said Wednesday they will work together in the digital transformation of shopping, logistics and land development. Shinsegae and KT signed a partnership deal earlier in the day to join hands in five sectors: customer management, logistics, land development, online shopping [...]
SEOUL, July 28 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, launched its new plant-based canned ham product Thursday as it is pushing to expand its plant-based meat brand to ordinary customers. Shinsegae Food had so far supplied its cold-cut ham business through such channels as Starbucks coffee chain [...]
SEOUL, July 21 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, said Thursday it will set up a U.S. subsidiary next month in the latest move to boost its competiveness in plant-based meat alternatives. Shinsegae Food said it will spend US$6 million on setting up Better Foods Inc., a [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s top two retailers — Shinsegae Group and Lotte Group — are going beyond retail to jump into the whisky and wine markets, which have been seeing rapid growth since the onset of the COVID-19 pandemic. Lotte Chilsung Beverage Co. announced in a report released early this year [...]
SEOUL, Aug. 13 (Korea Bizwire) — SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, said Friday it started preparing for a listing on the local stock market. SSG.com said the company requested major local securities submit bids for the selection of a lead manager for its initial public offering (IPO). “Company [...]
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 [...]
SEOUL, June 24 (Korea Bizwire) — E-Mart Inc., a discount store chain under Shinsegae Group, said Thursday it has signed an agreement with eBay Inc. to acquire an 80 percent stake in its South Korean e-commerce unit for 3.44 trillion won (US$3.05 billion), a move expected to bring about a seismic shift in the local [...]