Shinsegae

All you want to know about Shinsegae

Shinsegae
Hangul 신세계
Hanja 新世界
Revised
Romanization		 Sinsegye
McCune-
Reischauer		 Sinsegye

Shinsegae(신세계) is a South Korean department store franchise, along with several other businesses, headquartering in Seoul, South Korea. The name of Shinsegae literally means "New World" in Korean. Shinsegae was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment), Saehan Group (Electronic Media/Apparel/Textiles), and the Hansol Group (Paper/Telecom). It owns the brands Shinsegae and E-Mart, and is in direct competition with Lotte Shopping and Hyundai Department Store Group. It was merged with Sampoong group after the Sampoong department store collapse. Shinsegae's Main Store in Chungmu-ro, Jung-gu, Seoul is the oldest department store in Korea. The main building of the store was opened in 1930 as the Gyeongseong(Keijo in Japanese, colonial name of Seoul) branch of Mitsukoshi Department Store of Japan. Now the old building is used as a luxury hall.


Stores

  • Main store (Main Building & New Building) (본점 본관, 신관) in Jung-gu, Seoul
  • Gangnam store (강남점) in Seocho-gu, Seoul
  • Yeongdeungpo store (영등포점) in Yeongdeungpo-gu, Seoul (It is now under renewal to merge with Kyungbang Phill Department Store.)
  • Incheon store (인천점) in Nam-gu, Incheon
  • Masan store (마산점) in Masan, Gyeongsangnam-do
  • Gwangju Shinsegae (광주신세계) in Seo-gu, Gwangju
  • Jukjeon store (죽전점) in Suji-gu, Yong-in, Gyeonggi-do

Planned Stores

  • Centum City Store (센텀시티점) in Hae-undae-gu, Busan (scheduled for March, 2009)
  • Uijeongbu Store (의정부점) in Uijeongbu, Gyeonggi-do (scheduled for 2011)
  • Daegu Store (대구점) in Suseong-gu, Daegu (Shinsegae is allegedly searching for a site for a new department store near Beomeo Station of subway line No.2.).[1]

Defunct Stores

Images

Main store

Gangnam store


Discount store

E-Mart (이마트) is a subsidiary of Shinseage and a large discount store chain founded in South Korea, having numerous stores in China and Korea. Domestically, E-Mart is the biggest discount store chain followed by Carrefour (now Homever owned by E-Land Retail) and Home Plus owned by Samsung and Tesco.

In late May 2006, Shinsegae revealed plans to buy all 16 of the Wal-Mart Stores in Korea. [1] All of the country's Wal-Mart outlets were re-branded as E-Mart on October, 2006 and Wal-Mart exited the Korean market soon after.


Subsidiary

  • Shinsegae I&C
  • Shinsegae Construction
  • Shinsegae Food System
  • Shinsegae International
  • Chosun Hotel
  • Shinsegae Dream Express
  • Starbucks


See also

References

  1. ^ 동아일보 donga.com, [대구/경북] 향토 백화점 vs 서울 백화점

External links

Retrieved from "http://en.wikipedia.org/wiki/Shinsegae"

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