According to Pulse, the secondhand retail market in South Korea has emerged as a lucrative business for the country’s traditional retail and tech giants as demand for used goods has been on the …
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Shinsegae to open department store at Suseo Station in Korea
Shinsegae Department Store will build a new department store in the envisioned Suseo Station Transit Center Complex in Korea, the company said.…
Shinsegae acquires eBay Korea
Shinsegae Group’s ambitious acquisition of the local unit of eBay is set to create a retail giant that will rival the existing top players.…
Lotte and Shinsegae compete in eBay Korea bid
E-commerce arms of retail giants Lotte and Shinsegae joined the bid, for eBay Korea, hoping a successful acquisition can propel the winning bidder to market dominance.…
Shinsegae announces financial results
Shinsegae Inc. said that its net earnings plunged 98.4 percent in the third quarter from a year earlier, as its duty-free revenue continued to slump amid the new coronavirus pandemic.…
Korea’s Lotte and Shinsegae listed in top 10 Asia’s biggest retailers
South Korea’s leading retail conglomerates Lotte Group and Shinsegae Group have made their names as two of the 10 biggest retailers in Asia.…
What are South Korean retail giants doing to survive?
Local retail giants, albeit belatedly, are increasingly turning their eyes to the e-commerce business, with heavy spending on IT infrastructure and fast delivery.…
Shinsegae SSG.com launches food-delivery service
Shinsegae SSG.com gets ready to deliver at dawn.…
Sales of Korean department stores pass 30 trillion won milestone
South Korean department stores delivered 30 trillion won (US$26.4 billion) in combined sales last year, up 2.3 percent from a year ago, breaking out of years of stagnancy, according to industry source…
Shinsegae to launch integrated online shopping firm SSG.COM in March
Shinsegae Group will launch a brand new entity that specializes in e-commerce in an effort to become Korea’s answer to Amazon.…