Tag: department store

department store

Latest News

Weak won helps foreign shoppers lift Korean department store sales

A weaker won, rising tourism and demand for K-beauty and luxury goods are pushing foreign spending at Korea’s top department stores toward 1 trillion won each this year.

2026.7.13

Korea's three biggest department stores see record foreign sales for first half of year

Hyundai, Shinsegae and Lotte all posted record numbers as demand for Korean fashion continued to grow.

2026.7.13

Most popular

Samsung, SK hynix employees skip the line as department stores court deep pockets

Record bonus payouts are driving luxury sales and apartment prices higher in areas neighboring the chipmakers' headquarters and plants, with stores and realtors eager to accommodate.

2026.6.18

Lee Kim Chun-taek, a member of the Korean Metal Workers’ Union’s Geoje, Tongyeong and Goseong branch, is asked by a security guard to take off his union vest at a restaurant at Lotte Department Store's Jamsil branch in southern Seoul on Dec. 10 in this video uploaded to X, formerly Twitter. [SCREEN CAPTURE]

Lotte Department Store apologizes after 'antiunion' video goes viral

Lotte Department Store apologized after a security guard told labor union members who were eating at one of its locations to remove their union vests. Labor groups are criticizing the incident as an act of hostility toward union activity.

2025.12.12

Yuletide spirit

A department store in central Seoul is adorned with Christmas decorations on Oct. 29.

2025.10.29

Shinsegae Department Store’s flagship academy reopens on Sept. 27 after renovations. [SHINSEGAE]

Department stores bet bigger on 'cultural centers' to keep customers longer

Korea’s major department stores are ramping up investments in their cultural centers, expanding academy-style spaces that offer classes and workshops in a bid to keep customers longer and stand out from rivals.

2025.10.28

Shinsegae Department Store in Myungdong, central Seoul is seen on Dec. 26, 2024. [YONHAP]

Shinsegae appoints 32 new executives, including first woman CEO

Shinsegae Group announced its 2026 regular executive appointments, marking its first large-scale reshuffle since last year. The change signaled a clear focus on performance and generational change.

2025.9.26

Police officials search for explosives following a bomb threat made against a department store in Gwangju on Aug. 11. [YONHAP]

Bomb threat against multiple Shinsegae locations prompts police, fire department response

A bomb threat targeting multiple Shinsegae retail locations triggered police and fire department responses in Seoul on Tuesday. Searches took place nationwide, but no explosives were found.

2025.9.2

View of the main Lotte Department Store in Sogong-dong, Jung District, central Seoul [LOTTE DEPARTMENT STORE]

Lotte Department Store sees profit growth while Shinsegae, Hyundai focus on renovations

Among Korea’s three major department store chains — Lotte, Shinsegae and Hyundai — only Lotte Department Store recorded operating profit growth in the first half of this year amid continued sluggishness in the offline retail sector.

2025.8.8

A render of Connect Hyundai Cheongju [HYUNDAI DEPARTMENT STORE]

Offline retail giants look to lure regional shoppers on potential spending uptick

Major offline retailers in Korea are accelerating efforts to expand into regional markets by launching multiuse shopping complexes, as they attempt to counter the dual challenges of e-commerce competition and a sluggish domestic economy.

2025.6.23