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Shinsegae Group Vice Chairman Chung Yong-jin has been attracting keen attention as to whether he will quit social media as criticism has been mounting that he should spend more time managing E-Mart, the country's largest retail store chain, which lost money for the first time last year, according to industry officials and pundits, Thursday.
E-Mart swung into the red last year despite record sales as it was hit by growing losses from its construction subsidiary amid rising construction costs and a depressed real estate market, the nation’s largest supermarket chain said, Wednesday.
(Bloomberg) -- Korean builder Shinsegae Engineering & Construction Co. will raise 200 billion won ($149 million) from the sale of bonds as it seeks to shore up liquidity, just days after a competitor started debt restructuring. Most Read from BloombergYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixBlinken’s Return From Davos Was Delayed After Plane Broke DownTrump Moves to Quash Hopes of Congress Ukraine, Border DealTrump Asks Supreme Court to Keep Him on Colorado BallotA