October 2026
Largest Department Stores Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Lotte Shopping, BGF Retail, Shinsegae, E-MART and GS Retail.
 | Lotte Shopping Co Ltd is a Korean retailer with operations in Russia, China, Vietnam, and Indonesia. The company's portfolio consists of both offline and online channels in diverse business areas: retail, food, pharmaceuticals, tourism, real estate, finance and insurance, petrochemicals, chemicals, machinery, electronics, advertising, communications, manufacturing, logistics, and vehicle rental. Nonetheless, the group’s reportable segments are as follows: department stores (retail), discount stores (retail), its finance business, consumer electronics retail, convenience stores, and others. | $65 | +43% | $1.8B | $12B | 1.2x | 10.1x | ||
| BGF Retail Co Ltd operates retailer stores in Korea. The company's business sector includes BGFnetworks, BGFhumannet, BGFlogis, and BGFfoods. BGFnetworks is engaged in the digital advertising business, cash logistics, and e-vouchers, BGFhumannet is specialized in finding human resources, BGFlogis provides distribution services, and BGFfoods operates both a food manufacturing facility and distribution center to make fresh foods such as lunch boxes, rice balls, sushi rolls, sandwiches, and hamburgers. | $102 | +40% | $1.8B | $1.2B | 0.2x | 2.0x | ||
| Shinsegae Co Ltd is a Korea-based company engaged in the department store business. Through its department stores, the company provides various branded products, including HERMS, LOUIS VUITTON, TIFFANY & CO., BURBERRY, and Carlier. The company operates its department stores in various cities, including Centum City, Gangnam, Incheon, Gyeonggi, Masan,and others. | $198 | +63% | $1.7B | $6.3B | 1.2x | 10.6x | ||
| E-MART is a South Korean retail company headquartered in Seoul and part of the Shinsegae group, and it operates the country's largest chain of hypermarkets under the Emart name. It opened its first store in Chang-dong, Dobong-gu, Seoul, on November 12, 1993, and today runs about 178 Emart stores in South Korea alongside Emart Traders warehouse stores and the Emart24 convenience-store chain, with overseas stores in Mongolia, Vietnam and Malaysia. It sells groceries and general merchandise to consumers and earns revenue mainly from product sales. In 2021 it bought an 80.01% stake in eBay Korea, renamed Gmarket, to strengthen its e-commerce business alongside SSG.com, and in the same year it bought the SK Wyverns baseball club, now SSG Landers. The company reported consolidated revenue of about KRW 29.47 trillion in 2023, when it posted its first annual loss, and returned to an operating profit in 2024. Chairman Chung Yong-jin is its largest shareholder. | $54 | +6% | $1.4B | $11B | 0.5x | 6.4x | ||
| GS Retail is a South Korean retailer and a subsidiary of GS Holdings in the GS Group, headquartered at GS Tower in Gangnam-gu, Seoul. It owns and operates the GS25 convenience store chain, which had grown to 18,112 stores nationwide by the end of 2024. GS Group describes itself as a Fortune Global 500 organisation with annual sales of USD 44 billion and a presence in 32 countries, with operations spanning energy, utility, retail and infrastructure. Korean press reported that GS Retail invested KRW 6.3 billion in the US ag-tech company Benson Hill, alongside a KRW 23 billion investment by the retailer Emart in October 2020. Benson Hill's USD 150 million Series D round of October 2020, co-led by Wheatsheaf Group and GV, was announced with Emart and GS Group among its investors. | $16 | +30% | $1.3B | $2.8B | 0.3x | 4.2x | ||
| Hyundai Department Store Co Ltd is engaged in the department store business. The company operates approx 15 department stores in Apgujeong-dong, Gangnam-gu, and Cheonho-dong, Gangdong-gu, Seoul. The company also produces home shopping programs for cable channels and sells merchandise through home shopping programs. Through its department stores, the company provides upscale apparel, fashion goods, and accessories, home furnishings and foods, among others. | $58 | +2% | $1.2B | $3.5B | 1.1x | 7.7x | ||
| Median | $61 | +35% | $1.6B | $4.9B | 0.8x | 7.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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