Shinsegae news

08 November 2022
Emart has opened its second hypermarket in Vietnam, seven years after its first store in 2015. A turning point Emart Vietnam was acquired by Thiso International Commerce and Services Corporation (Thiso) last year after the South Korean chain had challenges with its expansion ambitions in Vietnam.  Speaking at the Customer Conference with more than 500 suppliers and partners of Emart Vietna...
26 September 2022
Malaysia is becoming a hotspot for convenience operators. Read about the expansion plans of CU, Emart24, FamilyMart, GS25 as well as 7-Eleven Malaysia. 1. CU opens 100th store in MidValley CU, from South Korea, opened its first stores in Malaysia in 2021, after reaching a partnership with local convenience store company myNews Holdings Bhd. The retailer has already opened 50 CU stores pla...
12 August 2022
Emart is planning to open two more supermarkets in Ho Chi Minh City. First expansion since 2015 Emart is one of the largest retailers in South Korea. It opened its first store in 2015 at Phan Van Tri in Go Vap district, but struggled to open more stores due to licensing challenges. The retailer was acquired by Thiso International Commerce and Services Corporation last year. With the local o...
24 January 2022
The future of Ministop convenience chain in South Korea has finally been decided. Over the last few years, uncertainty around its ownership has surfaced a number of times, for example in 2018 and last year . Lotte beats Shinsegae to acquire Ministop  According to Inside Retail, Lotte Group, which operates the third largest convenience chain 7-Eleven in South Korea, has acquired Minis...
10 December 2021
The South Korean conglomerate, which owns convenience retail chain Emart24, has joined the race to acquire the country’s fifth largest convenience store chain, Ministop (owned by Aeon Japan). Gives Emart24 a chance to catch up with rival 7-Eleven According to The Korea Times , Emart24 is the only convenience store operator that joined the tender along with local private equity funds An...
24 September 2021
Emart24, the convenience chain of South Korean retail giant Shinsegae, said this month that it will increase the number of “hybrid” semi-unmanned stores that operate without workers late at night. Part of the cost-saving initiative It is part of the initiative to save costs by cutting down manpower. 80% of Emart24’s 5,300 stores are closed or without staff from 11pm to 6am, instead of openi...
14 September 2021
The South Korea convenience store chain Emart24 (owned by Shinsegae) has launched a smart store in Seoul this month. Modelled on the Amazon Go concept The new store is in popular shopping complex Starfield COEX. The technology is modelled based on the Amazon Go concept. Customer needs to type in their mobile phone number at a kiosk and insert a bank card to receive a QR code. They can th...
16 August 2021
Alongside the usual “buy-one-get-one-free” or “buy-two-get-one-free” deals, convenience operators are coming up with new multi-buy deals in South Korea. New ways to entice shoppers Emart24 has launched a 1+4 deal for facial masks in July. Shoppers can get five masks for the price of one at KRW150 (US$0.13) 7-Eleven has a 1+2 deal for 77 selected products, including beverages and ready...
05 August 2021
Shinsegae’s grocery retail chain, Emart, has recently signed an agreement to purchase 80% of eBay Korea's shares for KRW3.44 tn (US$3.04 bn). An acquisition that will reshape Korea’s online landscape According to Statistics Korea data, SSG.com (Shinsegae’s online platform) accounts for 3% of total ecommerce transactions in South Korea, whilst eBay Korea accounts for about 12%. This acqui...
24 May 2021
South Korea’s largest supermarket chain operator Emart (owned by Shinsegae) revealed in its shareholder meeting documents in May that it will exit Vietnam. Set to exit after six years of operation The company announced that it will sell 100% of its interest in Emart Vietnam Co. Ltd., which was opened in 2015. Emart entered Vietnam with one supermarket in Ho Chi Minh city, which had an in...