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mart

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Homeplus pursues 200 billion won lifeline to stave off bankruptcy

Meritz Financial and MBK Partners are weighing an emergency funding plan that could help Homeplus avoid bankruptcy and restart its recovery.

2026.7.15

A supermarket is closed on Christmas Eve — due to a government regulation that mandates closing for a day every other week — on Dec. 24, 2023. [YONHAP]

Experts call for regulation changes as hypermarkets face declining foot traffic

Korea’s major retail chains have had disappointing third-quarter results, setting off alarm bells as brick-and-mortar franchises continue to fall behind in the competition against online commerce.

2025.11.12

Most popular

A notice on the Sunday closure schedule is put up at a hypermarket chain in downtown Seoul on Christmas Eve. [YONHAP]

Busan to switch mandatory closure days for big marts

The southeastern port city of Busan is aiming to move the mandatory closure days for big marts from Sundays to Mondays in a big to drive up commerce.

2024.3.7

Lotte Department Store’s branch in Jung District, central Seoul. [LOTTE SHOPPING]

Lotte Shopping reports 45.5 billion won second quarter net

Lotte Shopping logged a net profit of 45.5 billion won ($35.1 million) in the second quarter, compared to a net loss of 34.5 billion won in the same quarter the previous year due to customers returning to its branches.

2022.8.5

A traditional market in Chuncheon, Gangwon, remains uncrowded even before a Lunar New Year holiday on Jan. 27. [YONHAP]

'Is Homeplus open?' becomes a question of political import.

Enacted in 2010, the Distribution Industry Development Act prohibits a discount mart from operating within 1 kilometer (0.62 mile) of a traditional marketplace to protect small businesses in traditional markets.

2022.2.22

Customers shop at Bottle Bunker, a specialty wine store that opened at Zettaplex last December. [LOTTE MART]

Discount marts get makeovers to catch consumers' attention

Discount marts have been undergoing various renovations as they struggle to survive, and the efforts are paying off, as seen by the increased profits and surging visitors.

2022.1.30

A crowd forms at Lotte Department Store in Jamsil, southern Seoul, in July to purchase luxury items during a promotional period. [YONHAP]

Lotte Shopping swings to net loss in Q2 as shoppers avoid shops

Despite a range of promotions to try and drum up business, Lotte Shopping reported a significant net loss in the second quarter with sales decreasing as consumer sentiment took a hit due to the coronavirus pandemic.

2020.8.6

Shopping shields

A cashier checks out goods behind a protective plastic shield to minimize the risk of coronavirus infection on Monday at Emart's Seongsu branch in eastern Seoul.

2020.5.11