SEOUL, Dec. 8 (Korea Bizwire) — South Korea’s retail giant Shinsegae said Friday it will reduce its employees’ working hours to 35 per week starting next year as part of its efforts to improve their work-life balance. It will mark the first case for a local conglomerate to adopt the 35-hour working week policy, when [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korean retail giant Shinsegae is striving to bring more people out to offline malls as local consumers increasingly opt for online shopping, industry sources said Wednesday. In late May, the retailer launched an open library at the Convention and Exhibition Center (COEX) in southern Seoul as part of its efforts to attract more shoppers to its shopping complex Starfield [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korean fashion companies are accelerating efforts to tap into overseas markets amid a prolonged domestic slump, industry watchers said Wednesday. Shinsegae International Inc., the apparel arm of retail giant Shinsegae, said it is planning to open three more VOV stores in China this year. The company currently runs [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s large retailers posted solid sales ahead and during this year’s Chuseok holiday helped by all out marketing efforts to attract customers, industry sources said Monday. Data provided by local retailers showed double digit growth by some companies as the country celebrated the longest holiday in decades. Chuseok, [...]
SEOUL, Jul. 28 (Korea Bizwire) — At a special ‘beer garden’ meeting held on Thursday at the Blue House with President Moon, executives from South Korean conglomerates raised the issue of China’s economic retaliation against South Korean companies, particularly electric vehicle battery manufacturers, urging the government to take action. During the unique meeting, Moon was [...]
SEOUL, Jul. 13 (Korea Bizwire) — Retail giant Shinsegae said Thursday it will invest 300 billion won (US$263 million) over the next three years to help its loss-making convenience store business cope with the rapidly growing market. Shinsegae, which tapped into the convenience store market in 2014 with an acquisition, has been suffering from losses [...]
SEOUL, Jul. 11 (Korea Bizwire) — Shinsegae Department Store is tackling July head on in a bid to boost revenue in what is typically the worst sales month of the year, by launching a series of mobile events and services. The South Korean department store chain announced on Sunday plans to send shopping information to clients [...]
SEOUL, Jun. 1 (Korea Bizwire) — The de facto head of Shinsegae Co., South Korea’s leading retailer, confirmed Wednesday that the company is pulling its discount chain unit out of China. Shinsegae Vice Chairman Chung Yong-jin told reporters of the pullout at a job exhibition held in Ilsan, northwest of Seoul. Local media have reported [...]
SEOUL, May 25 (Korea Bizwire) — Growing concerns over harmful fine dust particles in South Korea are seeing more people opt for exercise indoors. According to industry experts, sales of home exercise equipment have been going through the roof since last month, nearly on par with the yearly sales peak that has occurred during the winter [...]
SEOUL, May 15 (Korea Bizwire) – Amid growing pet ownership in South Korea, Shinsegae’s Starfield Hanam is drawing attention over its all-out animal-friendly policy that allows shoppers to enjoy the mall in the company of their pets, making itself the first shopping complex in the country where pets can walk around so long as they are [...]