Shinsegae 160.52% and Lotte 137.96% while Hyundai Department Store rose 63.87%

The share prices of Shinsegae and Lotte Shopping have risen sharply this year. In contrast, Hyundai Department Store's share price has shown relatively weak performance. The industry and market have observed this difference in momentum.

As of the closing price on 5 day, Shinsegae had risen 160.52% from the start of the year. On the same basis, Lotte Shopping had risen 137.96% from the start of the year. The share prices of both companies posted large gains this year.

On the same basis, Hyundai Department Store had risen just 63.87% from the start of the year. According to reports, weak performance by JINUS, a consolidated subsidiary, was cited as a factor that dragged down Hyundai Department Store's consolidated results. JINUS's performance is reflected in Hyundai Department Store's consolidated financial statements.

Industry analysts reported that the rapid expansion of foreign customer sales and the possibility of the duty-free business returning to profitability could affect stock performance in the second half of the year. If these conditions are met, the gap in stock prices with competitors could narrow, according to some observers. However, this is a scenario raised within the industry.

7Industry-related figures and analyses have been shared with the market. Investors are checking the duty-free business performance and the performance of consolidated subsidiaries of major department stores. Changes in these items in upcoming quarterly earnings announcements are highly likely to affect stock prices.