Korea Joongang Daily
Korea JoongAng Daily

Shinsegae's chairman boosted Emart's stock — but the company's troubles aren't over

Shinsegae Group Chairman Chung Yong-jin is buying his mother's Emart shares for $146.5 million. The unconventional move may uplift stock prices, but long-term success depends on competing with e-commerce giants.

2025-01-13

Shinsegae shares drop as Alibaba deal deemed unlikely to increase short-term profits

Shinsegae Group shares dropped Friday as analysts said the retail group's recent deal with Alibaba to form a joint venture on their respective online marketplaces was not likely to increase profits for shareholders in the short term.

2024-12-27

Shinsegae, Alibaba to form $4B joint venture amid intensifying e-commerce rivalry

Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket and AliExpress Korea.

2024-12-26

Emart to enter Laos with first No Brand store

Emart will expand to a third Southeast Asian country as it brings its budget-friendly private label No Brand to Laos on Friday.

2024-12-05

Emart discounts detergent, pizza, olive oil in anniversary sale

Emart is celebrating its 31st anniversary with a Star Sale featuring discounts on items like laundry detergent, olive oil, and frozen pizza, running from Friday to Thursday.

2024-11-28

Upgraded stores and promo events boost Emart earnings

Emart reported a significant increase in quarterly net profit, driven by sales growth and affiliate gains, despite a slight overall sales decline. The company plans to enhance pricing strategies and online offerings moving forward.

2024-11-14

Beer is back on top as wine sales fall

Beer is on sale at an Emart in Yongsan District, central Seoul, on Monday.

2024-11-11

Tesla pop-up kicks off at Yongin Starfield with Cybertrucks

Tesla cars including the Cybertruck and the Model Y will be showcased at a Tesla pop-up event in Starfield's Jukjeon branch in Yongin, Gyeonggi, according to Emart. The event will run from Monday through Thursday.

2024-11-04

Shinsegae Group to split department store and supermarket divisions

Shinsegae Group will split its department store and supermarket divisions into two separate entities, the retail giant said Wednesday.

2024-10-30

Explainer: Korea's superstores are slowly becoming grocery stores

Korean hypermarkets are shifting their focus to groceries, struggling against e-commerce competition, particularly from Coupang and AliExpress, as they increasingly emphasize food sales to survive in a changing retail landscape.

2024-10-14