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We review Emart’s current performance, its growth forecasts for the next five years, plus progress against key strategic objectives.

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.

Latest News
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GS25, a leading convenience store chain in South Korea, opened an unmanned store similar to Amazon Go.

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South Korea’s Emart, owned by Shinsegae, will close the store chain completely to focus on big-box retail business. Part of the restructuring plan Following the previous announcement of closing the Pierrot store in Seoul’s Myeongdong shopping district, Emart will shut down the remaining six branches completely this year. Opened in 2018, Pierrot Shopping is a virtual clone of Japan’...
Unintended consequence of the minimum wage increase over the last two years. Simultaneous sales growth of cheap necessaries and luxury goods There is an emerging trend of polarised spending in the country, which saw high-income shoppers trading up to high-end and luxury goods, whilst the low-income shoppers are seeking to save on everyday items. Retailers like Emart and Lotte, shopping v...
Shinsegae and Lotte are carrying out executive reshuffles to deal with declining profits and intensifying competition. Emart: names outsider as new CEO Shinsegae group has appointed Kang Heui-seok to replace CEO Lee Gap-su to turn around the chain's poor performance .  It is the first time in its 26 years’ history Emart has named an outsider as its new CEO.  " Emart's personnel resh...

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