[SUPERRICH] Lotte, Shinsegae heirs battle for retail supremacy
Mar 10, 2015
The rivalry between Lotte, the country’s largest retailer, and Shinsegae, the No. 2, is nothing new, but it has never been as apparent and fierce as now. The corporate archenemies have locked horns several times lately, with the heirs apparent of both business empires seeking to expand their territories before they finally take full control. In the latest such incident, Shinsegae, the country’s 13th-largest business enterprise by assets, on Feb. 27 decided not to bid for control of Kumho Industr