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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
Shinsegae Centum City Vacation Travel Guide | Expedia
Shinsegae Centum City Vacation Travel Guide | Expedia
Published: 2015/03/09
Channel: Expedia
G DRAGON x SHINSEGAE DUTY FREE [New CF]
G DRAGON x SHINSEGAE DUTY FREE [New CF]
Published: 2016/09/05
Channel: neoboda manheun 8ja
ALL NEW SHINSEGAE 신세계강남점
ALL NEW SHINSEGAE 신세계강남점
Published: 2016/03/29
Channel: SHINSEGAE Official
[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
Cinderella
Cinderella's Christmas_ Shinsegae
Published: 2011/01/13
Channel: SHINSEGAE Official
[ENG SUB] ASTRO SHINSEGAE DEPARTMENT STORE MODEL
[ENG SUB] ASTRO SHINSEGAE DEPARTMENT STORE MODEL
Published: 2017/10/12
Channel: Chrissy
G-Dragon x Shinsegae Duty Free [FULL HD]
G-Dragon x Shinsegae Duty Free [FULL HD]
Published: 2016/05/18
Channel: GothikQueen
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
SHINSEGAE DUTY FREE (Special Video GD ver.)
SHINSEGAE DUTY FREE (Special Video GD ver.)
Published: 2016/05/17
Channel: 핑끄.
Vlog; SNU and SHINSEGAE (신세계백화점)
Vlog; SNU and SHINSEGAE (신세계백화점)
Published: 2017/03/18
Channel: Shamsaldhaheri
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
Shinsegae
Shinsegae
Published: 2012/08/25
Channel: Kris ten
SEOUL DAY ONE | GANGNAM
SEOUL DAY ONE | GANGNAM'S EXPRESS BUS TERMINAL + FAMILLE ST SHINSEGAE
Published: 2016/09/01
Channel: liyingscribbles
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)
Shinsegae - Korean Department Store
Shinsegae - Korean Department Store
Published: 2010/12/12
Channel: esloutlet
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
Merry Christmas at Shinsegae Department Store, Seoul, Korea
Merry Christmas at Shinsegae Department Store, Seoul, Korea
Published: 2015/11/30
Channel: nara K
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
2NE1 Loves Shinsegae Behind The Scenes
2NE1 Loves Shinsegae Behind The Scenes
Published: 2013/06/11
Channel: Belle Fuentes
Shinsegae Department Store Christmas Display
Shinsegae Department Store Christmas Display
Published: 2014/12/19
Channel: visitkorea
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
[CF 2017] Jun Jihyun x Shinsegae Duty free (Making Film)
[CF 2017] Jun Jihyun x Shinsegae Duty free (Making Film)
Published: 2017/10/14
Channel: JunJihyun Thailand
Lip-dub of Shinsegae Department Store in Korea
Lip-dub of Shinsegae Department Store in Korea
Published: 2010/04/21
Channel: TheDianejung
Shinsegae Department Store...the largest in the world!
Shinsegae Department Store...the largest in the world!
Published: 2013/08/06
Channel: jonkarenkorea
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
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
Christmas tree lighting in Shinsegae Myeongdong
Christmas tree lighting in Shinsegae Myeongdong
Published: 2017/12/05
Channel: Mikhael Gao
GD x Shinsegae Duty Free Making
GD x Shinsegae Duty Free Making
Published: 2016/09/15
Channel: andrea c.a
iKON Bobby Shinsegae duty free
iKON Bobby Shinsegae duty free
Published: 2016/11/17
Channel: Just June
Incheon shinsegae basement
Incheon shinsegae basement
Published: 2016/04/26
Channel: giger h.r
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
Shinsegae DMX Animation 2010
Shinsegae DMX Animation 2010
Published: 2012/01/09
Channel: lexluthorr
BUSAN, KOREA | Spaland at Shinsegae Centum City Vlog
BUSAN, KOREA | Spaland at Shinsegae Centum City Vlog
Published: 2017/11/01
Channel: Drngoctopus
[Gopro고프로] Toykingdom in Shinsegae Daegu 대구 신세계 토이킹덤
[Gopro고프로] Toykingdom in Shinsegae Daegu 대구 신세계 토이킹덤
Published: 2017/04/06
Channel: Jonghwan Park
[CF 2016] Jun Jihyun - Shinsegae Duty Free CF MAKING FILM
[CF 2016] Jun Jihyun - Shinsegae Duty Free CF MAKING FILM
Published: 2016/07/21
Channel: JunJihyun Thailand
Shinsegae 신세계 - 2ne1
Shinsegae 신세계 - 2ne1
Published: 2015/03/01
Channel: KrungKrung21
STYLENANDA  IN BUSAN  SHINSEGAE CENTUM CITY MALL
STYLENANDA IN BUSAN SHINSEGAE CENTUM CITY MALL
Published: 2016/04/06
Channel: STYLENANDA
2NE1 LOVES SHINSEGAE
2NE1 LOVES SHINSEGAE
Published: 2013/06/07
Channel: 21NOKIO
Coco Rocha for Shinsegae
Coco Rocha for Shinsegae
Published: 2012/03/12
Channel: Coco Rocha
G-Dragon  Shinsegae Preview (20160511)
G-Dragon Shinsegae Preview (20160511)
Published: 2016/05/11
Channel: BigBangBraziI
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
VLOG 4:  BUSAN SHINSEGAE & COMPAGNY  2016 | HD VFT
VLOG 4: BUSAN SHINSEGAE & COMPAGNY 2016 | HD VFT
Published: 2016/10/03
Channel: VeryFrenchTrip
Shinsegae food court
Shinsegae food court
Published: 2017/04/30
Channel: Jack Lawrence
Food Hall at Shinsegae Department Store
Food Hall at Shinsegae Department Store
Published: 2012/03/30
Channel: Allen Weiner
Brownbreath [Groundwork] @shinsegae Gangnam
Brownbreath [Groundwork] @shinsegae Gangnam
Published: 2011/03/22
Channel: Brown breath
Food court at shinsegae mall
Food court at shinsegae mall
Published: 2015/01/03
Channel: Raf
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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; 63 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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