Shinsegae Group splits E-Mart, department store with executive reshuffles

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Chung Yoo-kyung is Lee's daughter.“The complete business separation of Shinsegae Department Store and E-Mart and Chung Yoo-kyung’s promotion are aimed at strengthening the foundation for responsible management, setting the stage for further growth,” Shinsegae Group said in a statement.

E-Mart’s major subsidiaries include e-commerce unit SSG.COM; Gmarket Inc.; SKC Ltd., which owns Starbucks Korea; E-Mart24 Inc.; Shinsegae Property, which operates shopping mall chain Starfield; Shinsegae Food; and Josun Hotels & Resorts.Shinsegae Inc.operates the department store business and has affiliates such as Shinsegae DF Inc., which operates the duty-free business; Shinsegae International, a fashion and beauty business; Shinsegae Central City, the group’s property development unit; Shinsegae Casa, an apparel maker; and Shinsegae Live Shopping.

South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the group’s two business pillars – E-Mart Inc.and Shinsegae Department Store – into two different subgroups.

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Article Details

Category: Economy

Markets: South KoreaOman

Topics: Department Shinsegae E-mart Store Korea’s Yong-jin Business Chung Group Leadership Yoo-kyung

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 17:55:41 (6 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 738 words

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Sentences: 39 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23376682

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