May 2026
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Largest Department Stores Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Shinsegae, Lotte Shopping, Hyundai Department Store, E-MART and BGF Retail.
 | 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. | $342 | +170% | $3B | $6B | 1.2x | 8.7x | ||
| 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. | $98 | +96% | $3B | $11B | 1.1x | 9.3x | ||
| 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. | $74 | +45% | $2B | $2B | 0.8x | 4.2x | ||
| E-MART Inc. is a hypermarket retail company in Korea. The company mainly operates its businesses through seven divisions: domestic hypermarket, tourism hotel, food, supermarket, resort, overseas hypermarket, and bakery. It operates around148 branch locations in Korea (including Emart Traders) and approximately 16 branches in China under management. In addition, by 2023, it plans to expand presence throughout the projected 200 store locations of more, while penetrating into overseas markets in Vietnam and Mongolia. | $58 | -- | $2B | $6B | 0.3x | 3.7x | ||
| 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. | $83 | +1% | $1B | $987M | 0.2x | 1.8x | ||
| GS Retail Co Ltd is a Korea-based company mainly engaged in the chain of retail business. It provides beauty and skincare products, candles, gifts, perfumes, ornaments, bathroom accessories, and other products. The company offers the product under the brand name of GS25, GS Supermarket, GS Watsons, and Mister Donut. In addition, it is also engaged in the development and leasing of real estates, and advertising agency business. | $16 | +46% | $1B | $3B | 0.3x | 4.3x | ||
| Median | $79 | +46% | $2B | $4B | 0.6x | 4.3x |
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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