Shinsegae Department Store sees record foreign sales, on track for W1tr

Foreign shoppers put Shinsegae on track for W1tr sales

Shinsegae Department Store said Monday that sales to foreign customers surged 120 percent on-year to a record 580 billion won ($385 million) in the first half, putting the retailer on track to surpass 1 trillion won in annual foreign sales for the first time. The first-half total already accounts for nearly 90 percent of last year's full-year foreign sales. Shinsegae attributed the growth to its luxury brand lineup, K-culture content developed with K-pop artists and the Korea Tourism Organizatio

By The Korea Herald