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This guide to South Korea explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

Get up to speed on all of the latest retailer results, the insight into what is driving growth and IGD's five big trends to watch in Asia in 2020.

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Lim Il-soon, chief executive of South Korean retailer HomePlus, is stepping down after leading the business for about three and a half years.

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South Korea’s leading private equity firm MBK is making plans to exit from its investment in the country’s third largest grocery retail chain, Homeplus. Selling top branches and poised to exit MBK owns a 100% stake in Homeplus after paying KRW7.2 tn (US$6.5 bn) in 2015 . Homeplus Union claimed that MBK sold several real estate assets, including branches, land and employee training and ...
Costco-like warehouse style supermarkets are benefiting from the pandemic as shoppers are visiting stores less frequently but buying more at each shopping trip. Emart and Homeplus are seeing continuous growth Emart Trader, owned by the country’s retail giant Shinesegae, saw sales up by 21.9%YoY (year-on-year) from January to May. Emart Trader is a warehouse style supermarket chain like Cost...
Growth of convenience stores is accelerating, outperforming large format stores. CVS making more profits than supermarkets Convenience store operators reported record-high operating profits last year (2019): GS25: KRW256.5bn (US$217mn) CU: KRW196.6bn (US$162mn) Whereas Emart, South Korea’s largest grocery retailer, saw its operating profit down by 67.4% to KRW105.7bn last year...
Asian private-equity firm MBK Partners withdrew a planned Homeplus property float due to weak interest. A potential US$1.5bn plan MBK was planning to spin off 51 of the South Korean retailer’s hypermarket buildings in cities including Busan and Incheon through a US$1.5bn float of a real estate investment trust (REIT). The proceeds were potentially to be used to pay off most of a hefty fi...

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