E-mart Injects 500 Billion Won into Shinsaegae Construction, Acquiring 100% Stake
E-mart acquires 10 million new shares of Shinsaegae Construction for 500 billion won (240B cash + 260B in-kind), raising stake to 100%
Purpose: secure operating funds and improve financial structure
Shinsaegae Construction has been loss-making: net loss of 296.6B in 2025, 177.1B in 2024, 157.1B in 2023; equity fell to 220.7B in 2025 from 559.1B in 2024
In-kind contribution: E-mart's Myeongil branch land and building
Acquisition amount equals 3.65% of E-mart's equity (13.7 trillion won)
KOSPI Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations