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 [...]
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 [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korean retail giant Shinsegae Group said Tuesday it will acquire a professional baseball club owned by SK Group as it seeks to boost marketing with the sports team. E-Mart Inc., the country’s biggest discount store chain run by Shinsegae, has agreed to buy the SK Wyverns of the [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail giant Shinsegae said Monday it is on the verge of purchasing a professional baseball club from the country’s largest mobile carrier, catching even members of the team by surprise a week before the start of spring training. In a vague statement, Shinsegae, South Korea’s No. 2 [...]
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 [...]
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 [...]
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. [...]
SEOUL, Jun. 18 (Korea Bizwire) — It is hard for consumers to live without online and mobile shopping, and for retailers already struggling with a slump in store traffic and the subsequent fall in direct to consumer sales, living up to the trend may be pronounced in the face of cutthroat competition with a slew [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korean mobile carrier SK Telecom Co. said Tuesday it will collaborate with retail giant Shinsegae to develop a next-generation retail business model based on 5G and an advanced ICT platform. SK Telecom and Shinsegae I&C Co., Shinsegae’s IT subsidiary, signed a memorandum of understanding to develop a new [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korean retail conglomerate Shinsegae Group said Tuesday its luxury concept store BoonTheShop will open at an upscale U.S. department store. The launch of BoonTheShop at Bergdorf Goodman Inc. — a luxury department store chain based in New York City — is the South Korean retailer’s third overseas outlet. [...]