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Shinsegae Centum City, Busan, Korea: The World
Shinsegae Centum City, Busan, Korea: The World's Largest Department Store
Published: 2014/09/09
Channel: Steve Howard
THE WORLD
THE WORLD'S LARGEST DEPARTMENT STORE! SHINSEGAE - CENTUM CITY
Published: 2016/07/07
Channel: Annie&Iggy
G DRAGON x SHINSEGAE DUTY FREE [New CF]
G DRAGON x SHINSEGAE DUTY FREE [New CF]
Published: 2016/09/05
Channel: neoboda manheun 8ja
Shinsegae Centum City Vacation Travel Guide | Expedia
Shinsegae Centum City Vacation Travel Guide | Expedia
Published: 2015/03/09
Channel: Expedia
[CF 2016]Jun Jihyun - Shinsegae Duty Free
[CF 2016]Jun Jihyun - Shinsegae Duty Free 'I'm the World'
Published: 2016/07/01
Channel: JunJihyun Thailand
Walk through of Shinsegae Department Store (Main Store Building) in Myeongdong, Seoul, South Korea
Walk through of Shinsegae Department Store (Main Store Building) in Myeongdong, Seoul, South Korea
Published: 2014/04/23
Channel: The Seoul Guide
SHINSEGAE DUTY FREE (Special Video GD ver.)
SHINSEGAE DUTY FREE (Special Video GD ver.)
Published: 2016/05/17
Channel: 핑끄.
ALL NEW SHINSEGAE 신세계강남점
ALL NEW SHINSEGAE 신세계강남점
Published: 2016/03/29
Channel: SHINSEGAE Official
G-Dragon x Shinsegae Duty Free [FULL HD]
G-Dragon x Shinsegae Duty Free [FULL HD]
Published: 2016/05/18
Channel: GothikQueen
Shinsegae 2011 AD Campaign with Steven Meisel Behind The Scene
Shinsegae 2011 AD Campaign with Steven Meisel Behind The Scene
Published: 2011/01/24
Channel: SHINSEGAE Official
HUGE MALL l Shinsegae l Korea l (Vlog #15)
HUGE MALL l Shinsegae l Korea l (Vlog #15)
Published: 2016/09/11
Channel: JustYoon
KOREA TRIP VLOG DAY 1&2 | ARRIVING TO SEOUL, MYEONG-DONG, SHINSEGAE FOOD COURT
KOREA TRIP VLOG DAY 1&2 | ARRIVING TO SEOUL, MYEONG-DONG, SHINSEGAE FOOD COURT
Published: 2016/10/21
Channel: jiayibae
iKON Bobby x Junhoe SHINSEGAE CF
iKON Bobby x Junhoe SHINSEGAE CF
Published: 2016/10/24
Channel: 정다라
Shinsegae opens duty-free store in Seoul on Wednesday
Shinsegae opens duty-free store in Seoul on Wednesday
Published: 2016/05/18
Channel: ARIRANG NEWS
GD x Shinsegae Duty Free Making
GD x Shinsegae Duty Free Making
Published: 2016/09/15
Channel: andrea c.a
Shinsegae opens duty-free store in Seoul on Wednesday
Shinsegae opens duty-free store in Seoul on Wednesday
Published: 2016/05/18
Channel: ARIRANG NEWS
Shinsegae Department Store - Myeongdong
Shinsegae Department Store - Myeongdong
Published: 2016/03/24
Channel: Journey Down The Road
Vlog; SNU and SHINSEGAE (신세계백화점)
Vlog; SNU and SHINSEGAE (신세계백화점)
Published: 2017/03/18
Channel: Shamsaldhaheri
WALK WITH ME - BIGGEST MALL IN SOUTH KOREA [ SHINSEGAE] - DAEGU
WALK WITH ME - BIGGEST MALL IN SOUTH KOREA [ SHINSEGAE] - DAEGU
Published: 2017/01/24
Channel: Todo Hangug
iKON B.I vs Jinhwan for SHINSEGAE DUTY FREE
iKON B.I vs Jinhwan for SHINSEGAE DUTY FREE
Published: 2016/10/10
Channel: FIRST LOVE NAT
Shinsegae Department Store Christmas Display
Shinsegae Department Store Christmas Display
Published: 2014/12/19
Channel: visitkorea
iKON SHINSEGAE DUTY FREE CF
iKON SHINSEGAE DUTY FREE CF
Published: 2016/09/29
Channel: Just June
Shinsegae Department Store Centum City (신세계백화점 센텀시티점)
Shinsegae Department Store Centum City (신세계백화점 센텀시티점)
Published: 2015/02/02
Channel: Dynamic Busan (부산/부산시/부산광역시/Busan City Official)
The Moodie Davitt Store Watch: Shinsegae Duty Free, Seoul
The Moodie Davitt Store Watch: Shinsegae Duty Free, Seoul
Published: 2016/11/23
Channel: The Moodie Davitt Report
[BTS] GDRAGON - Shinsegae Duty Free CF
[BTS] GDRAGON - Shinsegae Duty Free CF
Published: 2016/05/29
Channel: unknown me
[B2STLYSUBS] BEAST Shinsegae CF
[B2STLYSUBS] BEAST Shinsegae CF
Published: 2013/07/05
Channel: b2stlysubs04
Korea Trip Vlog #1: Nampodong, Jagalchi Market, Shinsegae Mall Busan
Korea Trip Vlog #1: Nampodong, Jagalchi Market, Shinsegae Mall Busan
Published: 2016/10/31
Channel: filzywilzy
[ENG SUB] ASTRO SHINSEGAE DEPARTMENT STORE MODEL
[ENG SUB] ASTRO SHINSEGAE DEPARTMENT STORE MODEL
Published: 2017/10/12
Channel: Chrissy
Extreme Prices 💰 at Korean Department Store in Seoul, Korea 🇰🇷
Extreme Prices 💰 at Korean Department Store in Seoul, Korea 🇰🇷
Published: 2017/01/29
Channel: Feed The Cory
iKON X SHINSEGAE DUTY FREE
iKON X SHINSEGAE DUTY FREE
Published: 2017/05/18
Channel: Just June
12fly TV - Yumi Wong at Shinsegae Department Store Centum City
12fly TV - Yumi Wong at Shinsegae Department Store Centum City
Published: 2013/09/04
Channel: 12FLY TV
SHINSEGAE LOVES Spring 현장 스케치!
SHINSEGAE LOVES Spring 현장 스케치!
Published: 2017/03/08
Channel: SHINSEGAE Official
SHINSEGAE LOVES CHRISTMAS
SHINSEGAE LOVES CHRISTMAS
Published: 2014/12/09
Channel: SHINSEGAE Official
2016.12.7.  Myeong-dong Shinsegae Department Store
2016.12.7. Myeong-dong Shinsegae Department Store
Published: 2016/12/09
Channel: 조경미
[CF 2016] Jun Jihyun - Shinsegae Duty Free CF Making
[CF 2016] Jun Jihyun - Shinsegae Duty Free CF Making
Published: 2016/07/07
Channel: JunJihyun Thailand
Beast -
Beast - 'SHINSEGAE' Duty Free CF
Published: 2013/07/09
Channel: kwangdongwoon
BEAST - SHINSEGAE CF [Beauty & Beast]
BEAST - SHINSEGAE CF [Beauty & Beast]
Published: 2013/07/05
Channel: Lee YongKun
Food Hall at Shinsegae Department Store
Food Hall at Shinsegae Department Store
Published: 2012/03/30
Channel: Allen Weiner
[100502] SNSD - Run Devil Run @ Shinsegae Super Concert [HQ]
[100502] SNSD - Run Devil Run @ Shinsegae Super Concert [HQ]
Published: 2010/05/08
Channel: kpoplurvys
Shinsegae - Korean Department Store
Shinsegae - Korean Department Store
Published: 2010/12/12
Channel: esloutlet
Shinsegae Duty Free
Shinsegae Duty Free's Mirror Carousel
Published: 2016/11/18
Channel: Stanly M
#2 South Korea | Coréia do Sul | Busan, Sea Life, Shinsegae
#2 South Korea | Coréia do Sul | Busan, Sea Life, Shinsegae
Published: 2016/10/15
Channel: Carol Pafiadache
Lip-dub of Shinsegae Department Store in Korea
Lip-dub of Shinsegae Department Store in Korea
Published: 2010/04/21
Channel: TheDianejung
Jesse Jo Stark x Chrome Hearts x Shinsegae
Jesse Jo Stark x Chrome Hearts x Shinsegae
Published: 2013/06/05
Channel: Jesse Jo Stark
신세계 2015 FASHION CAMPAIGN LOVE IT PIERRE HARDY X SHINSEGAE
신세계 2015 FASHION CAMPAIGN LOVE IT PIERRE HARDY X SHINSEGAE
Published: 2015/02/26
Channel: SHINSEGAE Official
Store Design of the Year more than 1200sqm - Shinsegae Department Store, South Korea,  JHP Design
Store Design of the Year more than 1200sqm - Shinsegae Department Store, South Korea, JHP Design
Published: 2013/11/08
Channel: World Retail Congress Global Series
Brownbreath [Groundwork] @shinsegae Gangnam
Brownbreath [Groundwork] @shinsegae Gangnam
Published: 2011/03/22
Channel: Brown breath
#Throwback G Dragon (BigBang), Jun Ji-hyun and Ikon on Shinsegae commercial
#Throwback G Dragon (BigBang), Jun Ji-hyun and Ikon on Shinsegae commercial
Published: 2016/12/16
Channel: Carnation FL
G-Dragon Shinsegae duty free(160514) cf
G-Dragon Shinsegae duty free(160514) cf
Published: 2016/05/13
Channel: Miracle Xvip
Tour Korea - 신세계백화점 푸드코트 Shinsegae Department Store Food Court 1
Tour Korea - 신세계백화점 푸드코트 Shinsegae Department Store Food Court 1
Published: 2014/08/16
Channel: kim frank
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WIKIPEDIA ARTICLE

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Shinsegae Department Co., Ltd.
주식회사 신세계
株式會社新世界
Chaebol
Traded as KRX: 004170
Industry Retail
Founded 1955; 62 years ago (1955)
Headquarters 63 Sogong-ro, Jung-gu, Seoul, South Korea
Area served
South Korea
Key people
Lee Myung-hee
(Chairman)
Chung Yong-jin
(Vice Chairman and CEO)
Revenue KRW 1,430,6 billion (2011)[1]
KRW 213,9 billion (2011)[1]
KRW 3,381,9 billion (2011) [1]
Total assets KRW 370 billion (2011) [1]
Total equity KRW 1,910,2 billion (2011)[1]
Subsidiaries E-mart
Website Shinsegae English

Shinsegae (Korean: 신세계, KRX: 004170) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea. The name Shinsegae literally means "New World" in Korean. Its flagship store in Centum City, Busan, is the world's largest department store, surpassing Macy's flagship Herald Square in New York City in 2009.[2]

Shinsegae was originally part of the Samsung Group chaebol, 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). The chairman Lee Myung-hee is the daughter of Samsung founder Lee Byung-chull and younger sister of the chairman of Samsung Electronics Lee Kun-hee.

The group owns the brands Shinsegae and E-Mart, and is in direct competition with Lotte Shopping and Hyundai Department Store Group. Currently it is the largest retailer in South Korea.[3]

Shinsegae is also famous for its long history. The main branch of Shinsegae is the oldest department store in Korea. The main building of the store 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 (1950–1953) began, it was used for several years as a post exchange by the American army. In 1963, the store was given the name Shinsegae.[4] The old building is currently used as a luxury shopping venue.

Shinsegae was the first credit card company in South Korea. They issued its own charge card from 1967 to 2000. In 2000, Shinsegae sold its credit card division to KorAm Bank, which was later acquired by Citibank Korea.

Stores[edit]

Main store in Seoul
Main store in Seoul in the Japanese Colonial period, when it was a branch of Tokyo's Mitsukoshi
Busan branch, world's largest department store
Gwangju branch

Shinsegae also has a small branch in Incheon International Airport, and a supermarket in Dogok-dong, Gangnam-gu, Seoul.

Shinsegae launched the Shinsegae Style Market, a smaller shopping mall mainly aimed at young customers, in 2010. Despite its name, the mall is managed by Shinsegae's subsidiary E-Mart.

  • Seongnam Style Market in E-Mart Taepyeong branch, Seongnam, Gyeonggi-do
  • Daejeon Style Market in E-Mart Daejeon Terminal Complex branch, Dong-gu, Daejeon
  • Starfield Hanam shopping mall opened on 9 September 2016, as an indoor theme shopping mall. The 7th largest shopping mall in the world, the top in S. Korea with Megabox cinema, Yeongpoong book store, Shinsegae department store, Zara, H&M, Daiz, top10, Hansem, eletromart, emart traders (warehouse style), indoor water park and etopia food court as anchor tenant. Many luxury brand like Louis Vuitton, Prada,Gucci and Genesis and BMW CARS as well as Ioniq EV are in the shopping mall.

Planned[edit]

  • A fashion mall for youngsters in the building of Mesa, a defunct shopping mall right beside Shinsegae's main store in Jung-gu, Seoul
  • Shopping mall at Samsong, NW of Seoul new town is under construction
  • Boots UK

Defunct[edit]

  • Daegu Store (대구점) in Jung-gu, Daegu (opened in 1973 and closed in December 1976)
  • Shinsegae Store Banpo (신세계 스토어 반포) in Gangnam-gu, Seoul (opened in 1974 and closed several years later)
  • Gyeongju Bomun Store (경주보문점) in Gyeongju, Gyeongsangbuk-do (opened in 1979 and closed several years later)
  • Dongbang Plaza Store (동방플라자) in Jung-gu, Seoul (opened in 1982 and closed in 1996)
  • Cheonho Store (천호점) in Gangdong-gu, Seoul (closed in 2000, converted into E-Mart Cheonho Store)
  • Mia Store (미아점) in Seongbuk-gu, Seoul (closed in 2007, converted into E-Mart Mia Store)

Discount store[edit]

E-Mart (이마트) is a subsidiary of Shinsegae and a large discount store chain founded in South Korea, having stores in China and Korea. Domestically, E-Mart is the biggest discount store chain followed by Home Plus, owned by Samsung and Tesco, and Lotte Mart.

In late May 2006, Shinsegae revealed plans to buy all 16 of the Wal-Mart stores in Korea.[7] All of the country's Wal-Mart outlets were re-branded as E-Mart on October 2006. Wal-Mart exited the Korean market soon after.

Shinsegae spun off its E-Mart department into a separate corporation (KRX: 139480) in 2012. The shopping mall was acquired by E-Mart in January 2014.

Subsidiaries[edit]

Controversies[edit]

Shinsegae banned commercial images of actress Go Hyun-jung (고현정) from their department stores following her divorce from vice chairman and CEO Chung Yong-jin.[8]

See also[edit]

References[edit]

External links[edit]

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