Korea Joongang Daily
Korea JoongAng Daily

Shinsegae chairman to buy mother's entire Emart stake for $147 million

Shinsegae Group Chairman Chung Yong-jin will buy his mother’s entire 10 percent stake in group affiliate Emart ahead of the retail giant’s previously announced split into two different entities for its supermarket and department store divisions.

2025-01-10

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

Shinsegae chairman's potential meeting with Trump boosts Emart shares

The possibility of Shinsegae Group Chairman Chung Yong-jin meeting U.S. President-elect Donald Trump has boosted investor sentiment for the long-underperforming stock of Emart, the supermarket chain led by Chung.

2024-12-20

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

Emart taking control of Starbucks Korea, will own two-thirds

Starbucks has agreed to sell all of its shares in Starbucks Korea, with Emart becoming majority owner and the government of Singapore taking almost a third of the stock.

2021-07-27