Shinsegae Group
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Shinsegae Group
Shinsegae Inc. (, ) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea. The firm is an affiliate of Shinsegae Group, South Korea's leading retail ''chaebol'', and one of the big three department store firms in Korea, along with Lotte and Hyundai Department Store. Its flagship store in Centum City, Busan, was the world's largest department store at , surpassing Macy's flagship Herald Square in New York City in 2009. Shinsegae was the first credit card company in South Korea. They issued their own charge card from 1967 to 2000. In 2000, Shinsegae sold their credit card division to KorAm Bank, which was later acquired by Citibank Korea. Shinsegae was originally part of the Samsung Group, from which it separated in the 1990s along with CJ Group (Food/Chemicals/Entertainment), Saehan Group (Electronic Media/Apparel/Textiles), and the Hansol Group (Paper/Telecom). Chairwoman Lee Myung-hee is the fifth daug ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Busan
Busan (), officially Busan Metropolitan City, is South Korea's second list of cities in South Korea by population, most populous city after Seoul, with a population of over 3.3 million as of 2024. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, with its port being South Korea's busiest and the sixth-busiest in the world. The surrounding "Southeastern Maritime Industrial Region" (including Ulsan, South Gyeongsang Province, South Gyeongsang, Daegu, and part of North Gyeongsang Province, North Gyeongsang and South Jeolla Province, South Jeolla) is South Korea's largest industrial area. The large volumes of port traffic and urban population in excess of 1 million make Busan a Large-Port metropolis using the Southampton System of Port-City classification. As of 2019, Busan Port is the primary port in Korea and the world's sixth-largest container port. Busan is divided into 15 major administrative districts and a single co ...
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Lotte Department Store
Lotte Department Store () is a Korean retail company established in 1979, and headquartered in Sogong-dong, Jung-gu, Seoul, South Korea. Lotte Department Store offers retail consumer goods and services and is one out of 8 business units of Lotte Shopping. Other Lotte retail companies include discount store Lotte Mart and supermarket Lotte Super. Lotte Department Store said October 24, 2024 it will invest 7 trillion won (US$5.06 billion) in shopping malls by 2030 as it seeks to diversify its business portfolios. See also * Chôsen Industrial Bank References External links *Lotte Department Store English Homepage Department Store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ... Department stores of South Korea Retail companies established in 1979 Food halls South ...
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Samsung Electronics
Samsung Electronics Co., Ltd. (SEC; stylized as SΛMSUNG; ) is a South Korean multinational major appliance and consumer electronics corporation founded on 13 January 1969 and headquartered in Yeongtong District, Suwon, South Korea. It is currently the pinnacle of the Samsung ''chaebol'', accounting for 70% of the group's revenue in 2012, and has played a key role in the group's corporate governance due to cross ownership. It is majority-owned by foreign investors. Samsung Electronics is the world's List of largest technology companies by revenue, second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world. It became the world's largest manufacturer of smartphones in 2024. Samsung is known most notably for its Samsung Galaxy brand consisting of phones such as its flagship Samsung Galaxy S series, Galaxy S series, popular midrange Samsung Galaxy A series, Galaxy A series as well as the premium Samsu ...
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Lee Jae-yong
Lee Jae-yong (; born June 23, 1968) is a South Korean business executive who has served as the executive chairman of Samsung Electronics since October 2022. He is the only son of Lee Kun-hee and Hong Ra-hee. As of December 2024, Lee has an estimated net worth of , making him the richest person in the country. Early life and education Lee was born in Washington, D.C., United States to Lee Kun-hee and Hong Ra-hee. He attended Kyungbock High School. He received his Bachelor of Arts degree in East Asian history from Seoul National University, and his Master of Business Administration degree from Keio University, which is a rival University of his father and grandfather's alma mater Waseda University, Tokyo. He attended Harvard Business School and graduated with a Doctor of Business Administration degree. Lee is fluent in his native Korean, English, and Japanese. Career 1991–present: Career at Samsung Lee started working for Samsung in 1991. He began serving as Vice Pre ...
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Hansol
Hansol Group () is a South Korean conglomerate, or chaebol. The corporation's main operations are paper products, electronics, chemicals, logistics, IT technology and solution services, household interiors, and construction. Hansol used to be a part of Samsung Group, and is still owned by one of the relatives of the Lee Byung-chul family. History On June 18, 2019 Hansol Paper and Iconex announced that the companies will withdraw the agreement of the Scades and R+S Hansol Paper promised to supply Iconex due to the United Kingdom's Competition and Markets Authority (CMA) extending the transaction process. In December 2019 Hansol Group set up a production company in Vietnam called Hansol Electronics Vietnam Hochiminhcity. An investment of 3.57 billion won was made into the operation. The Vietnam production company will begin Hansol's Liquid Crystal Module (LCM) business, which is produced by combining the Liquid Criystal Display (LCD) module with a blacklight unit. In 20 ...
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CJ Group
CJ Corporation (), doing business as CJ Group () or simply CJ, is a South Korean conglomerate holding company, operating internationally. It is one of the largest chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, logistics, pharmaceutics and biotechnology, entertainment and media, Pager and Telephone. CJ Group was originally a branch of Samsung. CJ comes from 'Cheil Jedang' (), which literally translates to "first sugar manufacture", the industry where it originally started. Notable CJ subsidiaries include CJ CheilJedang (Food and Beverage), CJ Logistics (Logistics), CJ Olive Networks (Health & Beauty Stores & IT), CJ ENM (Entertainment and Retail), and CJ CGV (Cinema Chain). The group is chaired by Lee Jay-hyun, eldest grandson of Samsung's founder. History 1955 to 1970 CJ was founded as 'Cheil Jedang' in August 1955 as a sugar and flour manufacturer and was originally part of Samsung Group, as its f ...
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Citibank Korea
Citibank Korea () is a South Korean subsidiary of Citigroup. Its core is the Korean-American Bank or KorAm Bank, founded in 1983 and acquired by Citi two decades later. Citibank Korea was named the worst bank in terms of consumer complaints by the Financial Supervisory Service (FSS) in 2015. History The Korean American (KorAm) Bank was founded in March 1983, as a joint venture in which Bank of America held 50.1 percent with the rest of the capital being shared between 13 major Korean companies. In 2003, KorAm Bank was acquired by Citibank. Branches Citibank Korea currently has ATMs available in all 134 of its branches, facilitating transactions with most international cards. However, starting in 2017, Citibank Korea has set a goal to reduce its branch network from 134 to 32 in the country. Products & Services Citibank Korea offers consumers and institutions a range of financial products and services, including consumer banking. The company also offers credit cards in Korea. ...
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Charge Card
A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obliged to repay the debt to the card issuer in full by the due date, usually on a monthly basis, or be subject to late fees and restrictions on further card use. Charge cards are distinct from traditional credit cards, which are revolving credit instruments that do not need to be paid in full every month and a balance may be carried over, on which interest is paid. Charge cards are typically issued without spending limits, whereas credit cards usually have a specified credit limit that the cardholder may not exceed. Most charge cards are held by businesses, corporations or executives thereof, and are issued to customers with a good or excellent credit score. History In 1914, Western Union opened the first charge account for its customers and provided them with a paper identification. There were m ...
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