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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

Starbucks Korea temporarily eases card balance refund criteria

Starbucks Korea will temporarily ease its refund criteria for Starbucks Card balances for two weeks from June 1 to June 14. Customers can request refunds without meeting the previous requirement to use at least 60 percent of the most recent top-up amount. Requests made through the Starbucks app will be processed within seven business days, up to a maximum balance of 2 million won per account. Unregistered physical cards can be refunded in stores.

Industry

Shinsegae chairman Chung Yong-jin apologises to public over Starbucks controversy

Chung Yong-jin (정용진), chairman of Shinsegae Group, issued a public apology over a Starbucks Korea marketing controversy. He apologised to families of the May 18 Democratic Uprising, the family of activist Park Jong-chul, citizens of Gwangju and the public. Shinsegae had already dismissed Starbucks Korea CEO Son Jeong-hyeon and an executive. Chung said he would accept full responsibility, order an investigation and disclose results, overhaul marketing reviews across affiliates and conduct history and ethics training for staff.