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Shinsegae buys out Walmart in Korea.
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crazylemongirl



Joined: 23 Mar 2003
Location: almost there...

PostPosted: Sun May 21, 2006 10:38 pm    Post subject: Shinsegae buys out Walmart in Korea. Reply with quote

Walmart is leaving Korea after Shinsegae (AKA EMart) bought them out.... another blow for foreign groceries here.
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Sun May 21, 2006 11:00 pm    Post subject: Reply with quote

How is that a 'blow' to foreign grocers? It's not as if Wal-Mart didn't sell their stores voluntarily and without compensation...?
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Thunndarr



Joined: 30 Sep 2003

PostPosted: Sun May 21, 2006 11:01 pm    Post subject: Reply with quote

Groceries dude.
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crazylemongirl



Joined: 23 Mar 2003
Location: almost there...

PostPosted: Sun May 21, 2006 11:07 pm    Post subject: Reply with quote

cdninkorea wrote:
How is that a 'blow' to foreign grocers? It's not as if Wal-Mart didn't sell their stores voluntarily and without compensation...?


Grocries not grocers. Walmart did bring in a few more foreign goodies into the mix of food that people could buy here.
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jinju



Joined: 22 Jan 2006

PostPosted: Sun May 21, 2006 11:07 pm    Post subject: Reply with quote

Whats gona happen to that Walmart at Seolleung? Love that place.
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I_Am_Wrong



Joined: 14 Sep 2004
Location: whatever

PostPosted: Mon May 22, 2006 2:51 am    Post subject: Reply with quote

I have a hate-on for walmart....root of all evil I tells ya! Never been to one here that sold anything special or worth the trip either. Unfortunately, E-mart isn't a step of from walmart.
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KittyLover



Joined: 20 May 2006

PostPosted: Mon May 22, 2006 3:02 am    Post subject: Reply with quote

Heard a guy on the radio talking about why the prices are so low. Said that (of course) they take advantage of cheap labour abroad. Apparently, even with advanced notice before inspections, most of the factories that Walmart buys from still weren't up to par in terms of safe and humane conditions.

Still, I understand about the groceries. We do a lot of our Western grocery shopping in Itaewon or Shinsegae.
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jinju



Joined: 22 Jan 2006

PostPosted: Mon May 22, 2006 7:57 pm    Post subject: Reply with quote

I like Walmart. They have some stuff you cant get at crappy Emart, like bagels. If Emart replaces Walmart and doesnt offer bagels Ill torch the place. Goddamn Emart.
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JongnoGuru



Joined: 25 May 2004
Location: peeing on your doorstep

PostPosted: Mon May 22, 2006 8:01 pm    Post subject: Reply with quote

jinju wrote:
I like Walmart. They have some stuff you cant get at crappy Emart, like bagels. If Emart replaces Walmart and doesnt offer bagels Ill torch the place. Goddamn Emart.

I'm with you, Jinju -- Death to that horrible Emart!!
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eamo



Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.

PostPosted: Mon May 22, 2006 8:06 pm    Post subject: Reply with quote

I hate e-mart.


No Carrefour. No Walmart.

It looks like what Korea means about being global is that they can sell their products globally. Not actually anything to do with Korea itself being any more international.
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itaewonguy



Joined: 25 Mar 2003

PostPosted: Mon May 22, 2006 8:07 pm    Post subject: Reply with quote

JongnoGuru wrote:
jinju wrote:
I like Walmart. They have some stuff you cant get at crappy Emart, like bagels. If Emart replaces Walmart and doesnt offer bagels Ill torch the place. Goddamn Emart.

I'm with you, Jinju -- Death to that horrible Emart!!

emart has bagels! HEAPS OF THEM!!

walmart frankly SUCKED big time!!
they didnt offer anything EMART didnt offer..
and SINSEGAE and carrafour both offer more than walmart..

I also hear that HOMEPLUS, which is owned my TESCOS is being sold..
or has it already?
and is carrafour pulling out too?
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jinju



Joined: 22 Jan 2006

PostPosted: Mon May 22, 2006 8:16 pm    Post subject: Reply with quote

Well, Ive never seen bagels in Emart. Maybe hey have them in Seoul but in Jinju they didnt. If they do, I hope they offer things like tomato paste (another thing ive never seen in emart in Jinju).
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JongnoGuru



Joined: 25 May 2004
Location: peeing on your doorstep

PostPosted: Mon May 22, 2006 8:19 pm    Post subject: Reply with quote

itaewonguy wrote:
JongnoGuru wrote:
jinju wrote:
I like Walmart. They have some stuff you cant get at crappy Emart, like bagels. If Emart replaces Walmart and doesnt offer bagels Ill torch the place. Goddamn Emart.

I'm with you, Jinju -- Death to that horrible Emart!!

emart has bagels! HEAPS OF THEM!!

walmart frankly SUCKED big time!!
they didnt offer anything EMART didnt offer..
and SINSEGAE and carrafour both offer more than walmart..

I also hear that HOMEPLUS, which is owned my TESCOS is being sold..
or has it already?
and is carrafour pulling out too?

I wasn't really referring to their bagel situation, but just expressing a general disdain for Emart's overcrowded cattle-feed shopping experience.

Carrefour's sale is old news, HomePlus is ... just rumours yet?

True victory will come when Costco Korea is toppled in a final bloody battle against the barbarian invaders, after which all of its outlets will be converted into the world's largest PC bangs, complete with topless babes delivering pitchers of HITE & Pelicana Yangnyom Chicken, mandatory chainsmoking, and non-stop blaring K-pop.

Because it's all about adapting to local tastes and sensibilities.
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krats1976



Joined: 14 May 2003

PostPosted: Mon May 22, 2006 10:34 pm    Post subject: Reply with quote

JongnoGuru wrote:

Carrefour's sale is old news, HomePlus is ... just rumours yet?

True victory will come when Costco Korea is toppled in a final bloody battle against the barbarian invaders, after which all of its outlets will be converted into the world's largest PC bangs, complete with topless babes delivering pitchers of HITE & Pelicana Yangnyom Chicken, mandatory chainsmoking, and non-stop blaring K-pop.


Don't even joke about such a thing!! Shocked
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Moldy Rutabaga



Joined: 01 Jul 2003
Location: Ansan, Korea

PostPosted: Mon May 22, 2006 10:53 pm    Post subject: Reply with quote

Quote:
It looks like what Korea means about being global is that they can sell their products globally. Not actually anything to do with Korea itself being any more international.

Well said.

Quote:
complete with topless babes delivering pitchers of HITE & Pelicana Yangnyom Chicken

Sounds great. I've been going to the wrong supermarkets!

Ken:>
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