Summary
Shinsegae Group, one of South Korea’s prominent conglomerates, holds a significant presence in various sectors, prominently in the retail industry. Its extensive retail network includes well-known entities such as Shinsegae Department Store, E-Mart, E-Mart24, E-Mart Everyday, G-Market, SSG.com, Shinsegae Live Shopping, Shinsegae Simon, Shinsegae DF, and Shinsegae Central City.
The group also has a substantial footprint in the food, beverage, and hospitality sector, operating through SCK Company, Shinsegae Food, Shinsegae L&B, and the prestigious Chosun Hotel & Resort. Further diversifying its portfolio, Shinsegae Group has ventured into fashion and home furnishing with Shinsegae International and Shinsegae Casa.
The conglomerate supports its extensive operations through subsidiaries like Shinsegae Construction, Shinsegae I&C, Signite Partners, and SSG Landers, which provide critical distribution and infrastructure support. Shinsegae Group ranks 10th in the national corporate rankings, or 11th when including NongHyup.
Timeline
▲ October 1930 = Established as Mitsukoshi Kyungsung branch.
▲ February 1955 = Launched Donghwa Department Store.
▲ November 1963 = Launched Shinsegae Department Store (acquired by Samsung Group).
▲ June 1967 = Launched Korea’s first bargain sale.
▲ April 1969 = Became Korea’s first directly managed department store.
▲ July 1969 = Introduced Korea’s first credit card system.
▲ June 1983 = Acquired the Westin Chosun Hotel.
▲ August 1985 = Listed Shinsegae Department Store on the Korea Stock Exchange.
▲ November 1991 = Separated from Samsung Group and declared independent management.
▲ November 1993 = Opened Korea’s first discount store, E-Mart Chang-dong.
▲ July 1995 = Launched Shinsegae Foods.
▲ January 1996 = Launched Shinsegae International.
▲ December 1991 = Opened E-Mart Yongin Logistics Center, the first discount store in Korea.
▲ February 1997 = Opened the first E-Mart store in China, Quyang.
▲ April 1997 = Launched Shinsegae I&C.
▲ May 1997 = Launched Shinsegae E&C.
▲ July 1997 = Signed a license agreement with Starbucks Coffee International for Shinsegae.
▲ September 1999 = Opened Starbucks Coffee Korea at Ewha Womans University.
▲ December 1999 = Announced the new CI and declared “Ethical Management.”
▲ November 2000 = Listed Shinsegae I&C on the Korea Stock Exchange.
▲ December 2000 = Launched Starbucks Coffee Korea (a joint venture between Shinsegae and Starbucks Coffee International).
▲ March 2001 = Renamed Shinsegae Department Store to Shinsegae Corporation.
▲ July 2001 = Listed Shinsegae Foods on the KOSDAQ.
▲ February 2002 = Listed Gwangju Shinsegae on the Stock Exchange.
▲ June 2002 = Listed Shinsegae E&C listed on the KOSDAQ.
▲ March 2003 = Shinsegae became the first Korean retailer to receive the Gold Tower Industry Medal.
▲ September 2004 = Forbes magazine ranked Shinsegae as one of the world’s 400 largest companies.
▲ February 2005 = Received AA+ credit rating, the first in the industry.
▲ June 2005 = Launched Shinsegae Chelsea (a joint venture between Shinsegae and Chelsea Property Group). E-Mart surpasses 1 billion customers.
▲ May 2006 = E-Mart acquired 16 Walmart Korea stores.
▲ October 2006 = E-Mart surpassed the 100th store in Korea.
▲ June 2007 = Shinsegae Chelsea opened Yeoju Premium Outlet.
▲ December 2007 = E-Mart’s total sales exceeded 10 trillion won.
▲ July 2008 = Opened the world’s largest distribution center in Yeoju.
▲ December 2008 = Launched Shinsegae L&B.
▲ January 2010 = Announced E-Mart’s new pricing policy, “Gookmin Price” (price reduction for daily necessities).
▲ April 2010 = Shinsegae Food moved from KOSDAQ to KOSPI.
▲ November 2010 = Opened the first E-Mart Traders store.
▲ March 2011 = Opened Shinsegae Chelsea and Paju Premium Outlets.
▲ May 2011 = Split Shinsegae Department Store and E-Mart into Shinsegae Corporation and E-Mart Corporation. Re-listed Shinsegae and E-Mart shares.
▲ July 2011 = Shinsegae International went public.
▲ August 2011 = E-Mart opened Meat Center, the first livestock processing center in the domestic retail industry.
▲ November 2011 = Launched Everyday Retail Corporation.
▲ January 2012 = Renamed Chosun Hotel Bakery to Shinsegae SVN.
▲ April 2012 = Opened Shinsegae Department Store No. 10 in Uijeongbu.
▲ May 2012 = Reopened Shinsegae Talent Development Center.
▲ June 2012 = Acquired Yeongrangho Resort. E-Mart received the Presidential Commendation for Product Safety Day. Shinsegae Food opened the Eumseong Food Processing Center.
▲ September 2012 = Acquired Busan Paradise Duty Free Shop. Shinsegae Chelsea changed its name to Shinsegae Simon. E-Mart opened Korea’s 1st agricultural and marine product processing center “Fresh Center.”
▲ October 2012 = Opened Shinsegae Duty Free. Shinsegae Department Store acquired a stake in Central City. Shinsegae signed an official sponsorship agreement with the Korea Curling Federation.
▲ January 2013 = Proclaimed Shinsegae “Social Responsibility Management.”
▲ July 2013 = Opened Shinsegae Food R&D Center.
▲ August 2013 = Opened Busan Premium Outlet. Opened E-Mart 150th store, Byeollae Branch.
▲ October 2013 = Launched E-Mart’s budget phone.
▲ December 2013 = Launched “Shinsegae Property,” a new corporation in charge of the suburban complex shopping mall business. Acquired convenience store “WithMe.”
▲ January 2014 = Announced Shinsegae Group’s Vision 2023 (KRW 88 trillion in sales, KRW 31 trillion in investment, and 170,000 employees by 2023). Opened SSG.COM, the integrated online mall of Shinsegae Group.
▲ February 2014 = Shinsegae International opened its third logistics center.
▲ December 2014 = Merged Shinsegae Food and SVN.
▲ February 2015 = Changed Shinsegae logo.
▲ June 2015 = Opened the first E-Mart Town branch in Kintex.
▲ July 2015 = Acquired Dream Commerce (now Shinsegae TV Shopping).
▲ December 2015 = Opened Shinsegae Duty Free in Incheon Airport. Opened the first E-Mart Vietnam store.
▲ March 2016 = Opened Shinsegae Centum City Mall, the world’s largest department store.
▲ May 2016 = Opened Shinsegae Duty Free Myeongdong branch.
▲ June 2016 = Opened Shinsegae Department Store Gimhae.
▲ July 2016 = Opened the first E-Mart Mongolia store, “Jingis.”
▲ September 2016 = Opened Shopping theme park “Starfield Hanam.”
▲ November 2016 = E-Mart Traders sales exceeded 1 trillion won.
▲ December 2016 = Opened Shinsegae in Daegu.
▲ April 2017 = Opened Shinsegae Simon and Siheung Premium Outlets.
▲ May 2017 = Opened Starfield Coex Mall Library.
▲ July 2017 = Changed WithMe’s name to “E-Mart 24.”
▲ August 2017 = Opened Starfield Goyang.
▲ January 2018 = Opened Shinsegae Duty Free in Incheon International Airport Terminal 2.
▲ February 2018 = Shinsegae E&C launched VILLIV, a premium residential brand.
▲ June 2018 = Opened Shinsegae Duty Free Gangnam branch.
▲ July 2018 = Opened Rescape Hotel.
▲ October 2018 = Launched a series of SI’s own brand cosmetics. Attracted 1 trillion won investment in online business.
▲ January 2019 = Acquired Good Food Holdings (24 stores in the western U.S.).
▲ March 2019 = Launched a new online subsidiary, S.S.G..com.
▲ May 2019 = Signed an agreement to become the main partner of the South Korean women’s national football team.
▲ September 2019 = Opened the third E-Mart store in Mongolia.
▲ October 2019 = Shinsegae I&C opened Gimpo Data Center.
▲ November 2019 = Launched group shopping event “SSG Day.”
▲ December 2019 = Opened “NE.O 003,” an online-only logistics center for SSG.COM. Sales of Shinsegae Department Store Gangnam exceeded KRW 2 trillion.
▲ January 2020 = Acquired U.S. organic supermarket chain New Seasons Market (25 stores outside Portland).
▲ February 2020 = Shinsegae International launched “Ten Months.”
▲ April 2020 = Shinsegae Properties announced its vision for Hwaseong International Theme Park.
▲ May 2020 = Renewed Shinsegae Central City and Seoul Express Bus Terminal. Opened the futuristic E-Mart Wolgye store. Shinsegae Department Store launched its first cosmetics brand, “Onoma.”
▲ June 2020 = SSG.COM acquired SSGPAY business. SSG.COM celebrated the first anniversary of early morning delivery.
▲ July 2020 = Shinsegae International acquired Swiss Perfection. Casamia launched an online mall “Good.com.”
▲ September 2020 = Traders launched its own brand “Tea Standard.”
▲ October 2020 = Celebrated 10th anniversary of Traders. Opened Starfield Anseong and Grand Chosun Busan.
▲ December 2020 = Opened “Gravity Seoul Pangyo, Autograph Collection.”
▲ January 2021 = Opened Grand Chosun Jeju. Shinsegae Chosun Hotel changed its name to Chosun Hotel & Resort.
▲ February 2021 = Acquired the SK Wyverns baseball team.
▲ March 2021 = Established SSG Landers baseball team.
▲ April 2021 = SSG.COM acquired W.Concept Korea. Shinsegae and E-Mart each established ESG Committee.
▲ May 2021 = Opened Chosun Palace Seoul Gangnam.
▲ June 2021 = E-Mart signed an agreement to acquire a stake in eBay Korea.
▲ July 2021 = E-Mart acquired additional stake in Starbucks Coffee Korea.
▲ August 2021 = Shinsegae Department Store opened Daejeon Shinsegae Art & Science. Shinsegae Central City opened Hotel Onoma. Cassamia changed its name to Shinsegae Cassa.
▲ October 2021 = Shinsegae Simon opened a premium specialty store in Jeju.
▲ November 2021 = E-Mart acquired eBay Korea.
▲ January 2022 = Starbucks Coffee Korea changed its name to “SCK Company.” Shinsegae TV Shopping changed its name to Shinsegae Live Shopping. eBay Korea changed its name to “Gmarket Global.”
▲ February 2022 = Shinsegae Properties acquired Shaper Vineyards.
▲ June 2022 = Gmarket Global changed its name to “Gmarket.”
▲ October 2022 = E-Mart Traders changed its BI to “Traders Wholesale Club.”
▲ November 2022 = SSG Landers won the 2022 Korean Series.
