U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
South Korea's retail giant, Shinsegae Group, has introduced 'Shinsegae Universe', an ambitious membership program aiming to secure 10 million subscribers and spur a 50% sales boost within five years. This strategic move aims to compete with e-commerce leader, Coupang while enhancing customer loyalty across Shinsegae's shopping platforms.
Shinsegae Group unleashed its Shinsegae Universe paid membership program on Thursday, June 8. The launch is said to be a clever move to lock in customers and make them more loyal to units across all the brand's shopping platforms.
Moreover, the South Korean department store giant is using the program to compete with Coupang, which is its rival in the e-commerce sector. The e-commerce firm is currently no. 1 in its field, so Shinsegae is hoping to keep up with it.
Registration to be part of the Shinsegae Universe is not free and requires an annual fee of KRW30,00, which is about $23. Once a member, the customer will enjoy many benefits, such as a five percent discount at some popular affiliates of the Shinsegae Group, including Starbucks, Shinsegae Duty-Free, Shinsegae Department Store, E-mart, Gmarket, and SSG.com., as per The Korea Herald.
Members must be ready as cashback worth KRW30,000 is another perk that cannot be missed. This can be used when buying something from the company's affiliates as well. Those who will shop at the mentioned stores will get a discount but has a limit of KRW250,000 per year. For the duty-free outlets, up to 15% maximum discount is offered.
Korea Joongang Daily further mentioned that at Starbucks, members of the Shinsegae Universe could get five beverage coupons as part of the perk offerings. They can also earn an additional "star" for all of their purchases in the stores. This gives them the advantage of collecting coupons faster to get free beverages.
"Shinsegae Group evolved into a multi-platform retail system that can meet the detailed shopping demands for diverse customers across online and offline markets," Emart's chief executive officer, Kang Heui Seok, said during the inauguration ceremony for the new membership program. "With Shinsegae Universe, we will set a new standard for future retail in Korea by utilizing Shinsegae's online and offline data, along with its logistics infrastructure across the country."
Photo by: Shinsegae Website
