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    A004170   KR7004170007

SHINSEGAE INC.

(A004170)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 09/24
272000 KRW   +0.93%
08/13SHINSEGAE : Swings to Profit in Second Quarter
MT
08/11EBAY : forecasts revenue below estimates as shoppers venture out
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08/11EBay forecasts revenue below estimates as shoppers venture out
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EBay to sell South Korean unit for about $3.6 billion to Shinsegae, Naver -media

06/16/2021 | 09:51pm EDT
FILE PHOTO: An eBay sign at an office building in San Jose, California

SEOUL (Reuters) - EBay will sell its South Korean business to Shinsegae Group's E-Mart Inc and web portal operator Naver for about 4 trillion won ($3.6 billion), local newspapers reported on Wednesday.

EBay Korea is the country's third-largest e-commerce firm with market share of about 12.8% in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction and G9.

E-Mart said in a regulatory filing it was talking with eBay but that nothing had been finalised. Naver said in a separate filing on Thursday it had participated in the bidding process but the deal has not been concluded.

EBay Korea declined to comment.

Lotte Shopping had also been in the running, the Korea Economic Daily and other newspapers said, citing unnamed investment banking sources.

South Korea represents the world's fourth largest e-commerce market. Driven by the coronavirus pandemic, e-commerce has soared to account for 35.8% of the retail market in 2020 compared with 28.6% in 2019, according to Euromonitor data.

Shinsegae and Naver formed a retail and e-commerce partnership in March by taking stakes worth 250 billion won in each other's affiliates.

($1 = 1,117.7000 won)

(Reporting by Joyce Lee; Editing by Edwina Gibbs and Gerry Doyle)

By Joyce Lee


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
E-MART INC. -0.86% 173000 End-of-day quote.14.19%
EBAY INC. -0.71% 72.99 Delayed Quote.45.25%
LOTTE SHOPPING CO., LTD. 0.00% 106000 End-of-day quote.3.41%
NAVER CORPORATION 1.38% 405500 End-of-day quote.38.63%
SHINSEGAE INC. 0.93% 272000 End-of-day quote.13.57%
All news about SHINSEGAE INC.
08/13SHINSEGAE : Swings to Profit in Second Quarter
MT
08/11EBAY : forecasts revenue below estimates as shoppers venture out
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08/11EBay forecasts revenue below estimates as shoppers venture out
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07/27Starbucks to exit S.Korea venture valued at over $2 billion
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07/27Starbucks to Sell South Korean Unit to GIC, E-Mart
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07/12MARKET CHATTER : New COVID-19 Infections Hit Seoul Department Stores
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06/24MARKET CHATTER : Shinsegae's E-Mart to Secure 80% Stake in eBay Korea for $3 Billion
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06/24INDIAN MORNING BRIEFING : Asian Markets Gain on Wall Street Highs
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06/24Today on Wall Street: Hope for the best, prepare for the worse
06/24South Korea Stocks Close at New High as Semiconductor Firms Race Ahead
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More news
Analyst Recommendations on SHINSEGAE INC.
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Financials
Sales 2021 5 764 B 4,91 B 4,91 B
Net income 2021 226 B 0,19 B 0,19 B
Net Debt 2021 3 134 B 2,67 B 2,67 B
P/E ratio 2021 11,8x
Yield 2021 0,69%
Capitalization 2 676 B 2 265 M 2 277 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,89x
Nbr of Employees 2 687
Free-Float 71,3%
Chart SHINSEGAE INC.
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Shinsegae Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends SHINSEGAE INC.
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TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 272 000,00 KRW
Average target price 385 120,00 KRW
Spread / Average Target 41,6%
EPS Revisions
Managers and Directors
Jae-Young Jang Chief Executive Officer & Director
Jeong-Seob Woo Managing Director & Head-Finance
Han-Gyung Park Managing Director & Head-Operations
Young-Ho An Independent Director
Jin-Seok Choi Independent Director
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