Shinsegae Group has been undergoing major changes recently. Last September, Shinsegae made its regular executive personnel appointments for 2024 much earlier than usual. 40% of the heads of Shinsegae Group’s major affiliates, E-Mart and Shinsegae Department Store, were replaced. The reason is clear. Poor performance and excessive M&A and investments have left Shinsegae shaken. Funds are drying up and this is increasing financial burden. Accordingly, people were placed into their future positions early to strengthen financial management capabilities. This change within Shinsegae Group is expected to have a significant impact on the commercial real estate investment market. As large-scale personnel changes have been made with an emphasis on […]