As the retail price war rages, SSG.com is competing in the cut-throat market a different way.
Emart's fourth quarter 2020 revenue was 5.73 trillion ($5.21 billion) won, up 18.5 percent on year. During the same period, it suffered a 116.4 billion won in net loss from a 68.4 billion won in net profit a year earlier.
Retailers are delivering Lunar New Year gift packages even during the holidays to capture the last minute demand.
Retail and baseball may seem like two different businesses, but Chung Yong-jin, vice chairman of Shinsegae Group, thinks otherwise.
Lotte Hi-Mart electronics store was hit with a 1-billion-won ($908,000) fine for mistreating workers seconded from its suppliers, including forcing them to sell electronic goods from other brands, the Fair Trade Commission (FTC) said Wednesday.
Delivery Hero Korea is jumping on the "dark store" bandwagon, opening a Yomart on Wednesday.
Shoppers look for bargains at a supermarket in central Seoul, Sunday. This was the second weekend of a campaign where traditional markets, discount chains and department stores offer products at discounted prices to boost consumer sentiment.