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Shinsegae

#5425

Rank

$1.13B

Marketcap

South Korea

Country

Shinsegae
Leadership team

Jeong Ho Cha (Chief Exec. Officer)

Mr. Jung-Seob Woo (Deputy Managing Director of Fin.)

Mr. Byung-Seon Im (MD of Food, Assistant VP & Chief of HR)

Products/ Services
Consumer Goods, E-Commerce, Retail
Number of Employees
1,000 - 20,000
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1930
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
004170.KS
Social Media
Overview
Location
Summary
SHINSEGAE Inc. operates department stores in South Korea. It operates its department stores under the Shinsegae name. The company also manufactures and retails clothing and furniture; manufactures, retails, and distributes cosmetics; produces and supplies broadcast programs; leases real estate properties; offers advisory services; operates passenger terminal; and engages in the information and communication business. As of December 31, 2021, it operated nine departmental stores. SHINSEGAE Inc. was incorporated in 1955 and is headquartered in Seoul, South Korea.
History

The main branch of Shinsegae is the oldest department store in Korea. It was opened in 1930 as the Gyeongseong branch of Mitsukoshi, a Japanese department store franchise; Korea was occupied by the Japanese Empire at the time. The store was acquired in 1945 by the late founder of Samsung group, Lee Byung-chull, and renamed Donghwa Department Store. After the Korean War began, it was used for several years as a post exchange by the American army. In 1963, the store was given the name Shinsegae. The old building is currently used as a luxury shopping venue.

In 2021, Shinsegae bought the then-named SK Wyverns of the KBO League from SK and renamed then the SSG Landers. They bought them for 135.2 billion won, equivalent to $112.8 million.

Mission
Shinsegae believes it can maximize the value of its customers by creating the best total customer experience possible. The group strives to provide high-quality, safe and innovative products, services and experiences that help customers lead a better life.
Vision
Shinsegae will grow into a leading global corporation that takes a customer-oriented and customer service-focused approach. The group will continue to provide customer value and create shareholder value through profitable growth, responsible collaboration with stakeholders and commitment to the community.
Key Team

Ms. Young-Sun Son (Deputy MD & Chief of Product Devel. Office)

Mr. Ye-Cheol Kim (Managing Director of New Bus.)

Mr. Hyung-Yeol Kim (MD & Incheon Store Mang.)

Mr. Shin-Yoel Yu (Assistant VP, Head of Strategy Division & Head of Sales 1 Division)

Mr. Geon-Hui Jeong (MD & Centum City Store Mang.)

Mr. Sun-Jin Kim (Managing Director of Overseas Goods)

Mr. Young-Sup Kim (Managing Director of Overall E-Commerce Management)

Recognition and Awards
Shinsegae Group has won numerous awards, including the Korean Customer Satisfaction Gold Award, the Korea Brand Power Index Excellence Award and the Korean Retail Marketing Award. In 2017, Shinsegae received the Grand Prix of Retailer of the Year Award from the Korea Environment Association.
References

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Shinsegae
Leadership team

Jeong Ho Cha (Chief Exec. Officer)

Mr. Jung-Seob Woo (Deputy Managing Director of Fin.)

Mr. Byung-Seon Im (MD of Food, Assistant VP & Chief of HR)

Products/ Services
Consumer Goods, E-Commerce, Retail
Number of Employees
1,000 - 20,000
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1930
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
004170.KS
Social Media