SEOUL, March 28 (Korea Bizwire) — Shinsegae Group will build a massive online center for its new affiliate dedicated to the e-commerce business, its vice president said Wednesday, as the retail giant moves to cope with the rapid expansion of the country’s online market. In January, Shinsegae announced that it has signed an initial agreement [...]
SEOUL, Feb. 28 (Korea Bizwire) — Following the government’s move to shorten legal working hours, an increasing number of South Korean retailers are expected to help employees achieve a healthy work-life balance. The Environment & Labor Committee at the National Assembly passed a reform bill today that prohibits employees from working more than 52 hours in [...]
SEOUL, Feb. 7 (Korea Bizwire) — Home interior decorations have become a new gift idea for the holidays, a trend led by Shinsegae, which said Wednesday its sales of decorative goods jumped 89.2 percent over the past week from a year earlier. The department store chain has opened a special gift section, “home and personal [...]
SEOUL, Feb. 5 (Korea Bizwire) — E-Mart, South Korea’s biggest discount store chain operator, topped other businesses by recruiting the largest number of new employees over the past five years, a local think tank said Sunday. In a survey carried out on the country’s top 30 conglomerates’ affiliates which employ more than 300 people, E-Mart [...]
SEOUL, Jan. 29 (Korea Bizwire) – Employees at Shinsegae Group have mixed feelings about the retail giant’s 35-hour workweek, which began this year, citing positive improvements in work-life balance but heightened labor intensity. The South Korean retailer, which operates Shinsegae department store and E-Mart hypermarket chains, adopted the shortened workweek Jan. 1 to help its workers utilize their time to work more effectively. The company [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean retail giant Shinsegae Inc. said Friday it has signed an initial agreement with a foreign investment firm and a private equity firm to strengthen its e-commerce business amid a rapid expansion of the country’s online market. Shinsegae said it will hive off the online business divisions of [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean retail giant Shinsegae will purchase a local furniture company for 180 billion won (US$167.8 million) Wednesday as it attempts to tap into the country’s home furnishing industry, sources said. Shinsegae Department Store will sign a contract with Casamia Co.’s founder and other specially related persons to purchase [...]
SEJONG, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog said he expects the country’s large businesses groups to voluntarily reform their cobweb-like family-run governance structures to meet market expectations and promote fair competition. “I once again reaffirm that I will never be pushy and coercive in carrying out reform on conglomerates,” [...]
SEOUL, Dec. 8 (Korea Bizwire) — Shinsegae Group vice chairman Chung Yong-jin’s business acumen is making headlines, with the success of the Starfield shopping complexes and the decision to cut employee working hours down to 35 per week from next year. The plan to slash working hours to help improve employee work-life balance was announced [...]
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 [...]