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In recent years, shopping malls in the States have started to fall out of fashion due in part to the convenience of online retail. South Korea is no stranger to the loss of interest in the concept of the shopping mall.
E-Mart, Korea's leading discount store chain, said Thursday its first-quarter net profit soared on increased sales in the discount store division and equity gains from its affiliates.
In recent years, shopping malls in the States have started to fall out of fashion due in part to the convenience of online retail.
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Retailer Shinsegae Group and local telecom giant KT said Wednesday they will work together in the digital transformation of shopping, logistics and land development.