The heads of both Lotte and Shinsegae urged employees in their New Year’s addresses ... adding that this would lay the ...

Shinsegae announces plan to retire 200,000 shares, boosting dividends to 4,000 won Shinsegae boosts shareholder confidence ...

Gmarket, the e-commerce unit of South Korea’s Shinsegae Group, has joined forces with China’s Alibaba to seek a turnaround ...

The JV will work with Alibaba to expand Gmarket, an online shopping platform of billionaire Chung Yong-jin’s Shinsegae.

Jeong Yong-jin meets Trump, Musk to drive Shinsegae Groups U.S. expansion Jung Yong-jins recent meetings hint at potential ...

SEOUL (Reuters) -- South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly ...

Shinsegae said the strategic partnership came as the two parties agreed to bolster Gmarket’s presence in the global e-commerce market. The goal is achievable by using the global platform of ...

In 2021, Shinsegae Group acquired Gmarket for 3.44 trillion won. However, Gmarket failed to deliver significant market gains and recorded operating losses of 65.4 billion won in 2022 and 32 ...

The JV is expected to help these entities strengthen their position in the South Korean market and fight competition from local players like Naver Corp. and Coupang Inc. (CPNG). South Korea’s ...

SEOUL (Reuters) -South Korean retailer Shinsegae plans to set up a joint ... Meanwhile, in South Korea's e-commerce market which is the world's fourth-largest according to Euromonitor data ...