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

Shinsegae
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
Samsung
founder Lee Byung-chull and younger sister of the chairman of Samsung
Samsung
Electronics Lee Kun-hee .

The group owns the brands Shinsegae
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.

Shinsegae
Shinsegae
is also famous for its long history. The main branch of Shinsegae
Shinsegae
is the oldest department store in Korea. The main building of the store was opened in 1930 as the Gyeongseong branch of Mitsukoshi
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
Samsung
group, Lee Byung-chull
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. The old building is currently used as a luxury shopping venue.

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

CONTENTS

* 1 Stores

* 1.1 Planned * 1.2 Defunct

* 2 Discount store
Discount store
* 3 Subsidiaries * 4 Controversies * 5 See also * 6 References * 7 External links

STORES

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

* Main Store (Main Building & New Building) (본점 본관, 신관) in Jung-gu , Seoul
Seoul
* GANGNAM STORE (Main Building & New Building) (강남점 본관, 신관) in Seocho-gu
Seocho-gu
, Seoul
Seoul
the express bus terminal, flagship store turn-over 1billion USD per year top sales store of Shinsegae
Shinsegae
x * Yeongdeungpo Store (Building A, Building B & Luxury Hall) (영등포점 A관, B관, 명품관) in Times Square, Yeongdeungpo-gu , Seoul * Incheon
Incheon
Store (인천점) in Nam-gu , Incheon
Incheon
* Gyeonggi Store (경기점) in Suji-gu , Yong-in , Gyeonggi-do (Changed its name from Jukjeon Store on October 26, 2009) * Shinsegae
Shinsegae
Centum City
Centum City
(신세계 센텀시티) in Centum City
Centum City
, Hae-undae-gu , Busan
Busan
(the world's largest department store ) * Masan Store (마산점) in Masan -Happo-gu, Changwon , Gyeongsangnam-do * Gwangju
Gwangju
Shinsegae
Shinsegae
(광주신세계, ) in Seo-gu , Gwangju
Gwangju
* Chungcheong Store (충청점) in Dongnam-gu , Cheon-an , Chungcheongnam-do (Through a management alliance with Arario, owner of Yawoori Department Store, Shinsegae
Shinsegae
opened this branch in Cheon-an in the building once used as Galleria Cheon-an Store and Yawoori Department Store) * Uijeongbu Store (의정부점) in Uijeongbu , Gyeonggi-do
Gyeonggi-do
* Hanam Store (하남점) in Hanam , Gyeonggi-do
Gyeonggi-do
* Gimhae Store (김해점) in Gimhae , Gyeongsangnam-do * Daegu
Daegu
Shinsegae
Shinsegae
(대구신세계) in Dongdaegu station , Daegu
Daegu

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

Shinsegae
Shinsegae
launched the Shinsegae
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
Gyeonggi-do
* Daejeon
Daejeon
Style Market in E-Mart Daejeon
Daejeon
Terminal Complex branch, Dong-gu , Daejeon
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
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

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

DEFUNCT

* Daegu
Daegu
Store (대구점) in Jung-gu , Daegu
Daegu
(opened in 1973 and closed in December 1976) * Shinsegae
Shinsegae
Store Banpo (신세계 스토어 반포) in Gangnam-gu
Gangnam-gu
, Seoul
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
Seoul
(opened in 1982 and closed in 1996) * Cheonho Store (천호점) in Gangdong-gu , Seoul
Seoul
(closed in 2000, converted into E-Mart Cheonho Store) * Mia Store (미아점) in Seongbuk-gu , Seoul
Seoul
(closed in 2007, converted into E-Mart Mia Store)

DISCOUNT STORE

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

In late May 2006, Shinsegae
Shinsegae
revealed plans to buy all 16 of the Wal-Mart stores in Korea. 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
Shinsegae
spun off its E-Mart department into a separate corporation () in 2012. The shopping mall was acquired by E-Mart in January 2014.

SUBSIDIARIES

* Central City * E-Mart * Gwangju
Gwangju
Shinsegae * Seoul
Seoul
Express Bus Terminal * Shinsegae
Shinsegae
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* ^ A B C D E 2011 Financial Reporting * ^ Guinness World Records: Department Store * ^ " E-Land in talk to sell stores to Tesco South Korea
South Korea
unit". Reuters. 2008-05-14. * ^ Joongang Daily * ^ "New Largest Department Store". Guinness World Records . Retrieved 2009-06-29. * ^ " Busan
Busan
Mall Gets Guinness Listing as World\'s Biggest". The Chosun Ilbo . Retrieved 2009-06-28. * ^ http://english.chosun.com/w21data/html/news/200605/200605220019.html * ^ allKpop.com Go Hyun-jung still blacklisted from Shinsegae
Shinsegae
March 2010

EXTERNAL LINKS

Wikimedia Commons has media related to SHINSEGAE .

* Shinsegae
Shinsegae
Homepage * Shinsegae
Shinsegae
E-Mart Homepage * Shinsegae