Shinsegae has replaced the heads of its struggling e-commerce operators SSG.com and Gmarket in response to competition from Coupang and Alibaba.
The agreement between Shinsegae and CJ Group will expand next-day delivery for its online shopping platforms, along with expanded joint effort in other areas.
Financial investors in SSG.com that expected an IPO have agreed not to exercise put options and allow Shinsegae Group to sell it.
McDonald's hosted the 2024 Family Walking Festival on Sunday to raise money for its Ronald McDonald House Charities providing housing for children with serious illnesses and their families.
Shinsegae Department Store will bring Bath & Body Works to Korea, with an emphasis on its scented products.
Shinsegae Department Store celebrates Family Month by showcasing children's artwork in its Gangnam store, allowing customers to bring home items in shopping bags and gift wrap featuring the young artists' drawings.
Emart reported a first quarter operating profit of 93.2 billion, with sales rising to 4.2 trillion won. The retailer's focus remains on price competitiveness in its offline outlets.
While CEOs in the United States are frequent engagers on social media, Korean business leaders exercise caution, tending to keep posts on topic.
Shinsegae Group promoted Huh Byung-hoon to become the new CEO of Shinsegae E&C as it scrambles to address liquidity concerns.
Korea JoongAng Daily Sitemap