Homeplus, South Korea’s second largest hypermarket chain, has appointed Lee Jae-hoon, current CEO of Carver Korea, as its new CEO. Has decades of CEO experience His appointment came three months after the retailer's previous CEO Lim Il-soon resigned in January . Lee has decades of CEO experience leading various businesses, including KFC Korea, Pizza Hut Korea. " The newly appointe...

Emart, the grocery retail chain owned by Shinsegae Group in South Korea, has announced that it would give customers “e-money”. It is Emart’s low price guarantee Emart recently announced that if customers have found the same products being sold elsewhere at a cheaper price, they will match the difference by giving customers online credit points known as e-money. The new policy applies to ...

The country’s supermarket operators are launching new initiatives to better serve neighborhood needs. Retailers are strengthening supermarket offers in response to changes in consumer preferences Supermarkets had flat growth in 2020 (value down marginally by -0.1%YoY), whereas hypermarkets saw relatively large decline at -2.6%YoY. This is due to store closure as well as changes in consumer ...