For the Korean film of the same name, see New World (2013 film).
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Shinsegae Inc.
Native name
주식회사 신세계
Company type
Public
Traded as
KRX: 004170
Industry
Retail
Predecessor
Mitsukoshi Keijō (Gyeongseong) Store
Founded
9 December 1955; 68 years ago (1955-12-09)
Founder
Original store acquired by Lee Byung-chul
Headquarters
63 Sogong-ro, Jung District, Seoul, South Korea
Area served
South Korea
Key people
Lee Myung-hee (Chairwoman) Chung Yong-jin (Vice Chairman) Cha Jeong-ho (CEO)
Owner
Estate of Lee Myung-hee (28.56%)
National Pension Service (12.16%)
Parent
Samsung (1955–1997) Independent (1997–present)
Subsidiaries
E-mart
Website
en.shinsegae.cn
Shinsegae (Korean: 신세계; Hanja: 新世界; lit. new world, KRX: 004170) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea. The firm is an affiliate of Shinsegae Group, South Korea's leading retail chaebol, and one of the big three department store firms in Korea, along with Lotte and Hyundai Department Store. Its flagship store in Centum City, Busan, was the world's largest department store at 3,163,000 square feet (293,900 m2), surpassing Macy's flagship Herald Square in New York City in 2009.[1][2]
Shinsegae was the first credit card company in South Korea. They issued their own charge card from 1967 to 2000. In 2000, Shinsegae sold their credit card division to KorAm Bank, which was later acquired by Citibank Korea.
Shinsegae was originally part of the Samsung Group, from which it separated in the 1990s along with CJ Group (Food/Chemicals/Entertainment), Saehan Group (Electronic Media/Apparel/Textiles), and the Hansol Group (Paper/Telecom). Chairwoman Lee Myung-hee is the fifth daughter of Samsung founder Lee Byung-chul and the aunt of Lee Jae-yong, the executive chairman of Samsung Electronics.
The group owns the brands Shinsegae and E-Mart, and is in direct competition with Lotte Shopping and Hyundai Department Store Group. Currently, it is the largest retailer in South Korea.[3]
^"Guinness World Records: Department Store".
^Farfan, Barbara (8 December 2018). "What Is the World's Largest Retail Store?". Small Business. Retrieved 17 April 2019.
^"E-Land in talk to sell stores to Tesco South Korea unit". Reuters. 2008-05-14.
Shinsegae (Korean: 신세계; Hanja: 新世界; lit. new world, KRX: 004170) is a South Korean department store franchise, along with several other businesses, headquartered...
established as the SK Wyverns but was renamed as the SSG Landers in 2021 after Shinsegae acquired the team from SK Group. They are a member of the KBO League....
is the Hyundai Department Store Group. It, Lotte Department Store, and Shinsegae are the three largest chains in the country. Seoul Metropolitan Area Apgujeong...
closes - UPI Archives". UPI. 28 August 1995. Retrieved 17 November 2023. "Shinsegae Department Store, Uijeongbu". World Architecture News. 15 June 2013. Retrieved...
was opened in 1985. Its major competitors are Lotte Department Store, Shinsegae, Hanwha Galleria, etc. Hyundai Department Store Hyundai Department Store...
18.2 trillion Energy ShinsegaeShinsegae Group 6.3 trillion 13.6 trillion Retail, duty-free, department stores E-mart Shinsegae Group 24.9 trillion 31...
1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Group. Notable Samsung...
FIFA World Cup. It is home to the world's largest department store, the Shinsegae Centum City. Busan was added to the UNESCO Creative Cities Network as...
parent company, Shinsegae Foods. This self-sufficiency increases the operational efficiency making the low pricing possible. Shinsegae Foods had analyzed...
and Big Market. Hypermarkets were introduced to South Korea in 1993. Shinsegae opened its first E-mart store in Changdong-gu. The first hypermarket was...
Group, and is still owned by one of the relatives of the Samsung and Shinsegae family. On June 18, 2019 Hansol Paper and Iconex announced that the companies...
the KBO League team SSG Landers. The stadium has been remodeled with Shinsegae affiliate brands, including Starbucks, No Brand Burger, and the convenience...
Korea. Homeplus is the second largest retailer in South Korea, behind Shinsegae Group's e-mart chain. Homeplus operates its hypermarkets, super market...
celebrate the launch of the brand in South Korea with department store Shinsegae. In March 2014, Chrome Hearts bought a minority stake in high-end knitwear...
Walmart sold all 16 of its South Korean outlets to Shinsegae, a local retailer, for US$882 million. Shinsegae re-branded the Walmarts as E-mart stores. Walmart...
September 2016). "Shinsegae bets big on Starfield Hanam". The Korea Times. Retrieved 2016-09-08. Yeon-jin, Jung (7 September 2016). "Shinsegae Opens Shopping-themed...
retailer in South Korea. The Retailer was founded on 12 November 1993, by Shinsegae, as the first discount retailer in South Korea. There were 160 stores...
Jay-hyun, Lee in-hee (Lee Byung-chul, Lee Kun-hee) 25.6 (2024) Samsung, Shinsegae, CJ, Hansol, JoongAng Group, BGF Group South Korea Kristiansen Sofie...
venture. It was the second largest retailer in South Korea, just behind Shinsegae Group. On 14 May 2008, Tesco agreed to purchase 36 hypermarkets with a...
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