Search results for Shinsegae Property
Games & Commerce
Shinsegae to invest $1 billion in Warner Bros acquisition
Shinsegae Property will invest $1 billion in the acquisition of Warner Bros, the company said on Monday, joining as an investor in a deal being pursued by Paramount. Shinsegae Group said it aims to use Hollywood content as a new growth engine and expand its portfolio into global content. It also plans to use intellectual property at offline sites, explore cooperation with HBO Max and Paramount Plus, and pursue joint content production over the long term.
Games & Commerce
Jung Yong-jin to take CEO roles at E-Mart and Shinsegae Property as registered director
Shinsegae Group Chairman Jung Yong-jin (정용진) will directly lead two key affiliates, E-Mart and Shinsegae Property, the group said on June 8. Shinsegae Property will recommend Jung as a registered director and complete his appointment through a shareholders meeting and a board vote. E-Mart plans to name him a co-CEO and confirm the appointment at next year’s shareholders meeting. Jung said he would accept clear accountability and be evaluated by the board and shareholders.
Games & Commerce
Shinsegae Group to overhaul management strategy office, reorganise control tower around Chung Yong-jin
Shinsegae Group said on Tuesday it has begun procedures to reorganise its Management Strategy Office, the group’s control tower, to identify future growth engines. Ahead of a full overhaul, it ended Im Young-rok’s dual role as head of the office and head of Shinsegae Property. The office will operate around Chairman Chung Yong-jin until a new head is appointed. A group official said the reshuffle aims to execute innovation faster and more accurately.