Emart news and archive

‘Revenge shopping’ drives up retail sales in South Korea

Retail sales were on the rise in South Korea in the last weeks, rising by 14.4 percent compared against October last year. The country’s Ministry of Industry said Monday that special offers, colder weather and ‘revenge shopping’ were the main drivers for this year-on-year growth. Sales of imported luxury goods have been growing in popularity...

Report

Emart to buy 80 percent stake of eBay’s Korean business

eBay Inc. has announced purchase of its Korea business by Emart. The company said in a statement that eBay will sell an 80.01 percent stake in its Korean businesses for 3.44 trillion KRW or approximately 3 billion dollars of gross cash proceeds to Emart. “This deal brings together two strong ecommerce and retail companies that can unlock...