Shinsegae - wikipedia Shinsegae This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( November 2016 ) Shinsegae Department Co., Ltd. 주식회사 신세계 株式 會社 新 世界 Type Chaebol Traded as KRX : 004170 Industry Retail Founded 1955 ; 63 years ago ( 1955 ) Headquarters 63 Sogong - ro, Jung - gu, Seoul, South Korea Area served South Korea Key people Lee Myung - hee ( Chairman ) Chung Yong - jin ( Vice Chairman and CEO ) Revenue KRW 1,430, 6 billion ( 2011 ) Operating income KRW 213, 9 billion ( 2011 ) Net income KRW 3,381, 9 billion ( 2011 ) Total assets KRW 370 billion ( 2011 ) Total equity KRW 1,910, 2 billion ( 2011 ) Subsidiaries E-mart Website Shinsegae English Shinsegae ( Korean : 신세계, KRX : 004170 ) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea. The name Shinsegae literally means `` New World '' in Korean. Its flagship store in Centum City, Busan, is the world 's largest department store, surpassing Macy 's flagship Herald Square in New York City in 2009. 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 founder Lee Byung - chull and younger sister of the chairman of Samsung Electronics Lee Kun - hee. The group owns the brands 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 is also famous for its long history. The main branch of Shinsegae is the oldest department store in Korea. The main building of the store was opened in 1930 as the Gyeongseong branch of 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 group, 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 was the first credit card company in South Korea. They issued its own charge card from 1967 to 2000. In 2000, 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 3 Subsidiaries 4 Controversies 5 See also 6 References 7 External links Stores Main store in Seoul Main store in Seoul in the Japanese Colonial period, when it was a branch of Tokyo 's Mitsukoshi Busan branch, world 's largest department store Gwangju branch Main Store ( Main Building & New Building ) ( 본점 본관, 신관 ) in Jung - gu, Seoul Gangnam Store ( Main Building & New Building ) ( 강남점 본관, 신관 ) in Seocho - gu, Seoul the express bus terminal, flagship store turn - over 1billion USD per year top sales store of Shinsegae \x Yeongdeungpo Store ( Building A, Building B & Luxury Hall ) ( 영등포 점 A 관, B 관, 명품관 ) in Times Square, Yeongdeungpo - gu, Seoul Incheon Store ( 인천점 ) in Nam - gu, Incheon Gyeonggi Store ( 경기 점 ) in Suji - gu, Yong - in, Gyeonggi - do ( Changed its name from Jukjeon Store on October 26, 2009 ) Shinsegae Centum City ( 신세계 센텀시티 ) in Centum City, Hae - undae - gu, Busan ( the world 's largest department store ) Masan Store ( 마산 점 ) in Masan - Happo - gu, Changwon, Gyeongsangnam - do Gwangju Shinsegae ( 광주 신세계, KRX : 037710 ) in Seo - gu, Gwangju Chungcheong Store ( 충청 점 ) in Dongnam - gu, Cheon - an, Chungcheongnam - do ( Through a management alliance with Arario, owner of Yawoori Department Store, Shinsegae opened this branch in Cheon - an in the building once used as Galleria Cheon - an Store and Yawoori Department Store ) Uijeongbu Store ( 의정부 점 ) in Uijeongbu, Gyeonggi - do Hanam Store ( 하남 점 ) in Hanam, Gyeonggi - do Gimhae Store ( 김해 점 ) in Gimhae, Gyeongsangnam - do Daegu Shinsegae ( 대구 신세계 ) in Dongdaegu station, Daegu Shinsegae also has a small branch in Incheon International Airport, and a supermarket in Dogok - dong, Gangnam - gu, Seoul. Shinsegae launched the 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 Daejeon Style Market in E-Mart Daejeon Terminal Complex branch, Dong - gu, 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 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 Shopping mall at Samsong, NW of Seoul new town is under construction Boots UK Defunct Daegu Store ( 대구점 ) in Jung - gu, Daegu ( opened in 1973 and closed in December 1976 ) Shinsegae Store Banpo ( 신세계 스토어 반포 ) in Gangnam - gu, Seoul ( opened in 1974 and closed several years later ) Gyeongju Bomun Store ( 경주 보문 점 ) in Gyeongju, Gyeongsangbuk - do ( opened in 1979 and closed several years later ) Dongbang Plaza Store ( 동방 플라자 ) in Jung - gu, Seoul ( opened in 1982 and closed in 1996 ) Cheonho Store ( 천호점 ) in Gangdong - gu, Seoul ( closed in 2000, converted into E-Mart Cheonho Store ) Mia Store ( 미아점 ) in Seongbuk - gu, Seoul ( closed in 2007, converted into E-Mart Mia Store ) Discount store E-Mart ( 이마트 ) is a subsidiary of Shinsegae and a large discount store chain founded in South Korea, having stores in China and Korea. Domestically, E-Mart is the biggest discount store chain followed by Home Plus, owned by Samsung and Tesco, and Lotte Mart. In late May 2006, 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 spun off its E-Mart department into a separate corporation ( KRX : 139480 ) in 2012. The shopping mall was acquired by E-Mart in January 2014. Subsidiaries Central City E-Mart Gwangju Shinsegae Seoul Express Bus Terminal Shinsegae I&C Shinsegae Chelsea Shinsegae Construction Shinsegae Dongdaegu CTC ( Shinsehae Daegu ) Shinsegae Food System Shinsegae International Starbucks Coffee Korea Johnny Rockets Westin Chosun Hotel With Me Controversies Shinsegae banned commercial images of actress Go Hyun - jung ( 고현정 ) from their department stores following her divorce from vice chairman and CEO Chung Yong - jin. See also Westin Chosun Hotel Samsung Lotte Hyundai Department Store Group Home Plus References ^ Jump up to : 2011 Financial Reporting Jump up ^ Guinness World Records : Department Store Jump up ^ `` E-Land in talk to sell stores to Tesco South Korea unit ''. Reuters. 2008 - 05 - 14. Jump up ^ Joongang Daily Jump up ^ `` New Largest Department Store ''. Guinness World Records. Retrieved 2009 - 06 - 29. Jump up ^ `` Busan Mall Gets Guinness Listing as World 's Biggest ''. The Chosun Ilbo. Retrieved 2009 - 06 - 28. Jump up ^ http://english.chosun.com/w21data/html/news/200605/200605220019.html Jump up ^ allKpop.com Go Hyun - jung still blacklisted from Shinsegae March 2010 External links Wikimedia Commons has media related to Shinsegae. Shinsegae Homepage Shinsegae E-Mart Homepage Shinsegae to take over Wal - Mart in Korea Shinsegae : Official Seoul City Tourism KRX 100 companies of South Korea AmorePacific BNK Financial Celltrion Cheil Worldwide CJ CJ CheilJedang CJ Korea Express CJOS Coway Group Daelim Daewoo International Daewoo Securities Daewoo Shipbuilding & Marine Engineering DGB Financial Group Dongbu Fire Doosan Doosan Heavy Industries & Construction e-mart Grand Korea Leisure GS GS Shop Halla Visteon Hana Financial Hankook Tire Hankook Tire Worldwide Hansol Hyundai Department Store Hyundai Development Company Hyundai Engineering & Construction Hyundai Glovis Hyundai Heavy Industries Hyundai Marine & Fire Insurance Hyundai Mipo Dockyard Hyundai Mobis Hyundai Motor Company Hyundai Steel Hyundai Wia Industrial Bank of Korea Kakao Kangwon Land KB Financial KCC Kia Motors KEPCO KEPCO E&C KEPCO KPS Korea Gas Korea Investment Holdings Korea Zinc KT KT&G Kumho Petrochemical LF LG LG Chem LG Electronics LG Household & Health Care LG International LG Uplus LIG LOEN Lotte Chemical Lotte Shopping LS LS Industrial Systems Mirae Asset Securities Naver NCSOFT Nongwoo Bio OCI Orion Osstem Implant POSCO S1 S - Oil S.M. Entertainment Samsung Card Samsung C&T Samsung Electro - Mechanics Samsung Electronics Samsung Engineering Samsung Fire & Marine Samsung Heavy Industries Samsung Life Samsung SDI Samsung Securities Samsung Techwin Seoul Semiconductor SFA Engineering Shinhan Group Shinsegae SK SK C&C SK Hynix SK Innovation SK Telecom The Basic House Woori Financial Youngone Yuhan Retrieved from `` https://en.wikipedia.org/w/index.php?title=Shinsegae&oldid=817011798 '' Categories : Companies established in 1955 Companies listed on the Korea Stock Exchange Department stores of South Korea Former Samsung subsidiaries Retail companies of South Korea Shinsegae Group Hidden categories : Articles needing additional references from November 2016 All articles needing additional references Articles containing Korean - language text Pages using deprecated image syntax Talk Contents About Wikipedia Deutsch فارسی Français 한국어 Nederlands 日本 語 Português 中文 Edit links This page was last edited on 25 December 2017, at 12 : 10. 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Question: where is the biggest store in the world
Answer: Shinsegae