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Shinsegae Group Vice Chairman Chung Yong-jin, middle, attends the National Assembly hearing yesterday in Yeouido, central Seoul. Chung, one of many retail industry executives summoned by lawmakers, said he will fold the group’s super supermarket business. “Our initial purpose was to share E-Mart’s competitiveness with small and midsize merchants,” the vice chairman said. “I didn’t know it would grow into such a social problem.” There has been growing criticism that super supermarkets are hurting mom-and-pop grocery stores. Super supermarket are managed by major retailers. [NEWSIS]
with the Korea JoongAng Daily
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