Shinsegae news

14 September 2021
The South Korea convenience store chain Emart24 (owned by Shinsegae) has launched a smart store in Seoul this month. Modelled on the Amazon Go concept The new store is in popular shopping complex Starfield COEX. The technology is modelled based on the Amazon Go concept. Customer needs to type in their mobile phone number at a kiosk and insert a bank card to receive a QR code. They can th...
16 August 2021
Alongside the usual “buy-one-get-one-free” or “buy-two-get-one-free” deals, convenience operators are coming up with new multi-buy deals in South Korea. New ways to entice shoppers Emart24 has launched a 1+4 deal for facial masks in July. Shoppers can get five masks for the price of one at KRW150 (US$0.13) 7-Eleven has a 1+2 deal for 77 selected products, including beverages and ready...
05 August 2021
Shinsegae’s grocery retail chain, Emart, has recently signed an agreement to purchase 80% of eBay Korea's shares for KRW3.44 tn (US$3.04 bn). An acquisition that will reshape Korea’s online landscape According to Statistics Korea data, SSG.com (Shinsegae’s online platform) accounts for 3% of total ecommerce transactions in South Korea, whilst eBay Korea accounts for about 12%. This acqui...
24 May 2021
South Korea’s largest supermarket chain operator Emart (owned by Shinsegae) revealed in its shareholder meeting documents in May that it will exit Vietnam. Set to exit after six years of operation The company announced that it will sell 100% of its interest in Emart Vietnam Co. Ltd., which was opened in 2015. Emart entered Vietnam with one supermarket in Ho Chi Minh city, which had an in...
21 May 2021
We round up the latest initiatives and developments from South Korea’s convenience retailers, covering topics such as beauty & cosmetics, green environment, subscription service and COVID-19.  Beauty & Cosmetics: CVS as a new sales channel Convenience stores are emerging as a new channel for cosmetics products: GS25's cosmetics sales up +18.2% vs. 2019 CU's cosmetics sales up +6.7%...
28 April 2021
Emart, the grocery retail chain owned by Shinsegae Group in South Korea, has announced that it would give customers “e-money”. It is Emart’s low price guarantee Emart recently announced that if customers have found the same products being sold elsewhere at a cheaper price, they will match the difference by giving customers online credit points known as e-money. The new policy applies to ...
19 March 2021
South Korean retail giant Shinsegae Group and technology behemoth Naver (Korea’s Google) are combining forces to gain a competitive edge in the fast changing ecommerce field. Signed a stock swap deal worth KRW250bn (US$221m) The two companies signed a strategic partnership agreement and a stock swap deal worth KRW250bn (US$221m) this week. “ We plan to establish a strong cooperation netw...
19 March 2021
eBay is to sell its business in South Korea. Big name players in retail are all in for a deal valued at KRW5 tn (US$4.42 bn). Four-way race for the acquisition Lotte Group, Emart Inc. (owned by Shinsegae), SK Telecom Co. and private equity firm MBK Partners have been chosen as the preliminary bidders to buy a controlling stake of eBay Korea. Kakao has decided to opt out of the bidding. ...
22 February 2021
Lotte Shopping appointed Kang Sung-hyun, CEO of Lotte Nestle Korea, as the head of its hypermarket chain, Lotte Mart. Previously a management consultant, joined Lotte in 2009 Kang gained retail experience at strategy consultancy firms Booz Allen Hamilton and Boston Consulting Group, and joined Lotte as Executive Director of the Lotte Strategy & Insight Centre more than a decade ago in 200...
08 December 2020
Emart, South Korea's largest supermarket chain operated by Shinsegae, said in November that it will shut down its PK PEACOCK stores. Closing because of business insufficiency and unprofitability Targeting one- and two-person households, as well as housewives in their 40s and 50s, Emart launched its first PK PEACOCK store in 2018, catering to the rising demand for home meal replacement (HMR)...