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Shinsegae Names Lee Seok-goo as Head of Department Store Division, Concurrently CEO of Shinsegae DF

Policy1 min read

Shinsegae Group has named Lee Seok-goo, a company president, as head of its department store division. He will also keep his current job as CEO of Shinsegae DF.

What happened

Shinsegae Group picked Lee Seok-goo to lead its department store division. He keeps his existing role as head of Shinsegae DF, so he now holds both jobs. The former division head, Kim Seon-ho, a vice president, will now run the group's support headquarters. The company said on the 6th that the move will make its internal audit work stronger and set up a more organized management system.

Key facts

  • Lee Seok-goo was born in 1949.
  • He graduated from the business school at Yonsei University.
  • He joined Samsung C&T in 1975.
  • He has been CEO of Shinsegae DF since September last year.

Who is Lee Seok-goo?

Lee has worked for many years in the retail and hotel business. In 1999 he led the support team of Shinsegae's department store division. Later he ran Chosun Hotel and Starbucks Coffee Korea. From 2020 he led the JAJU business at Shinsegae International. In 2023 he became CEO of Shinsegae Live Shopping.

Why it matters

The change shows Shinsegae wants tighter control and clearer roles across the company. By pairing a leader with deep experience in many fields, the group hopes to build trust with customers and the market. A company spokesperson said the goal is steady, long-term growth.

What to watch

  • How the stronger audit system works in practice.
  • Whether Lee can manage two top jobs at once.
  • Any further leadership changes across Shinsegae's business units.

Glossary

Shinsegae Group
A large Korean company group that runs department stores, discount stores, and other businesses.
Shinsegae DF
A company in the Shinsegae Group that runs duty-free shops.
CEO
Chief Executive Officer, the top leader who runs a company.
Shinsegae Live Shopping
A Shinsegae company that sells products through live video shopping.
JAJU
A clothing and lifestyle brand business run by Shinsegae International.

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