Premise: Shinsegae ( Korean : 신세계 , ) is a South Korean department store franchise , along with several other businesses , headquartered in Seoul , South Korea . 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 . The group owns the brands Shinsegae and E-Mart , and is in direct competition with Lotte Shopping and Hyundai Department Store Group . The main branch of Shinsegae is the oldest department store in Korea . In 1963 , the store was given the name Shinsegae .
Hypothesis: There is a department store called Shinsegae.
Label: ENTAILMENT