Shinsegae E-Mart
Scope
Date
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E-commerce
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
Apr 03, 2024 (Gmt+09:00)
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Executive reshuffles
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Apr 02, 2024 (Gmt+09:00)
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Fashion
LF’s fashion brand Dunst teams up with E-Land for China push
South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...
Apr 01, 2024 (Gmt+09:00)
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E-commerce
Qoo10 buys Korean department store AK’s e-commerce unit
Southeast Asia-based e-commerce platform Qoo10 Pte. has signed an agreement to acquire South Korean department store chain AK Plaza’s online s...
Mar 27, 2024 (Gmt+09:00)
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Retail
E-Mart offers voluntary retirement after 2023 loss
E-Mart Inc., South Korea’s largest supermarket chain, has launched a company-wide early retirement program for the first time in its 31-year h...
Mar 25, 2024 (Gmt+09:00)
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Construction
Ssangyong E&C wins deals for two Dubai luxury residences
Ssangyong Engineering & Construction Co. announced on Monday that it secured two luxury residence construction projects in Dubai, United Arab Em...
Mar 25, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to nearly double ultra-fast EV chargers by 2024
Hyundai Motor Group is set to increase its ultra-fast electric vehicle chargers across South Korea from current 286 to 500 by next year, the auto gi...
Mar 24, 2024 (Gmt+09:00)
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Retail
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...
Mar 22, 2024 (Gmt+09:00)
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Energy
Hyundai E&C wins $132 mn biogas facility project
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...
Mar 19, 2024 (Gmt+09:00)
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Electric vehicles
EverCharge to install EV chargers at Oracle Park
South Korea’s SK E&S Co. announced on Sunday that its US-based electric vehicle (EV) charging subsidiary EverCharge Inc. will install hund...
Mar 18, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire-sponsored Formula E São Paulo Round 4 to be held
The 2024 São Paulo E-PRIX, the fourth round of the 10th season of the ABB FIA Formula E World Championship, the world's premier electric vehi...
Mar 15, 2024 (Gmt+09:00)
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Construction
Daewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Daewoo Engineering & Construction Co. has signed an agreement to take on a $250 million loan from three Kuwaiti banks, Al Ahli Bank of Kuwait (A...
Mar 14, 2024 (Gmt+09:00)
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Energy
Hyundai E&C, Glennmont D&D sign renewable energy PPA
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Tuesday that it signed a power purchase agreement (PPA) for solar renewabl...
Mar 12, 2024 (Gmt+09:00)
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E-commerce
AliExpress sells top K-food maker’s products in S.Korea
AliExpress, an e-commerce arm of China’s Alibaba Group, on Thursday started selling products of CJ CheilJedang Corp., South Korea’s top ...
Mar 08, 2024 (Gmt+09:00)
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Chief Executives
Chung Yong-jin, now chairman, to bring Shinsegae back from doldrums
Chung Yong-jin, vice chairman of South Korea’s retail giant Shinsegae Group, has been promoted to chairman to strengthen his clout over the co...
Mar 08, 2024 (Gmt+09:00)
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E-commerce
Korea probes AliExpress as Chinese e-commerce threat grows
South Korea’s antitrust body launched a probe into alleged violations of consumer protection regulations by China’s AliExpress, as Chine...
Mar 07, 2024 (Gmt+09:00)
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Energy
Hyundai E&C expands foreign alliances in pursuit of UK SMR project
Hyundai Engineering & Construction Co. (Hyundai E&C) has welcomed two British companies to its joint bid with US energy technology company H...
Mar 06, 2024 (Gmt+09:00)
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Tech, Media & Telecom
CJ OliveNetworks, Qualcomm to team up for 5G network
South Korea's digital service company CJ OliveNetworks announced on Wednesday that it will collaborate with the US-based Qualcomm Technologies to ...
Mar 06, 2024 (Gmt+09:00)
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Artificial intelligence
Softbank to join SK Telecom-led global AI joint venture
BARCELONA -- Japan’s SoftBank Group Corp. tied up with major global telcos such as South Korea’s top mobile carrier SK Telecom Co. and E...
Feb 26, 2024 (Gmt+09:00)
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Energy
Hyundai E&C likely to win Bulgaria’s nuclear project
South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) was picked as the preferred bidder for Bulgaria's new nuclear react...
Feb 26, 2024 (Gmt+09:00)
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Retail
E-Mart to open first Korean supermarket chain in Laos
E-Mart Inc. said on Friday it will become the first South Korean supermarket company to open a chain store in Laos in its push to expand into Southe...
Feb 23, 2024 (Gmt+09:00)
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Korean startups
Altos Ventures invests $9.4 mn in Techtaka
South Korea's Altos Ventures announced on Tuesday that it has invested 12.6 billion won ($9.4 million) in the software-centric fulfillment company T...
Feb 20, 2024 (Gmt+09:00)
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Corporate strategy
Samsung Engineering to be rebranded as Samsung E&A
Samsung Engineering Co. will change its name to Samsung E&A Co. upon approval at a shareholders' meeting on March 21.The letter E in the propose...
Feb 15, 2024 (Gmt+09:00)
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Construction
Shinsegae E&C to sell leisure unit to reduce debt
South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) announced on Wednesday that it will sell its leisure unit Jos...
Feb 15, 2024 (Gmt+09:00)
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Retail
Hypermarket chain E-Mart posts first annual loss in 2023
South Korea’s top supermarket chain E-Mart Inc. announced on Thursday that it provisionally recorded a consolidated operating loss of 46.9 bil...
Feb 14, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Qoo10 buys US e-commerce platform Wish for $173 mn
Southeast Asia-focused e-commerce platform Qoo10 Pte. has agreed to acquire Wish, a US online marketplace, for $173 million from Nasdaq-listed Conte...
Feb 13, 2024 (Gmt+09:00)
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Earnings
Naver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...
Feb 02, 2024 (Gmt+09:00)
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Construction
Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects
Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...
Feb 02, 2024 (Gmt+09:00)
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Retail
E-Mart24 to open 1st convenience store in Cambodia in June
E-Mart24 Inc., a leading South Korean convenience store chain, announced on Friday plans to enter the Cambodian market, aiming to open its first sto...
Feb 02, 2024 (Gmt+09:00)
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Construction
GS E&C banned from new construction deals for 8 months
The South Korean government said on Thursday it has ordered GS Engineering & Construction Corp. (GS E&C) and four smaller builders to halt t...
Feb 01, 2024 (Gmt+09:00)
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