Shinsegae is up more than 13% in early trading on the 13th. Buying is seen flocking to the stock on news of strong first-quarter results.
As of 9:34 a.m. that day on the Korea Exchange, Shinsegae was trading at 503,000 won, up 61,500 won (13.93%) from the previous session. It climbed to as high as 505,000 won early in the session, setting an all-time high.
At the same time, subsidiary Shinsegae International is also up more than 12%, showing strength.
On a consolidation basis, Shinsegae posted first-quarter revenue of 1.8471 trillion won and operating profit of 197.8 billion won. Revenue rose 10.9% from a year earlier, and operating profit increased 49.5%. Backed by the department store core business competitiveness and improvements in subsidiary management structure, both scale and profitability grew significantly.
Total first-quarter department store revenue was 2.0257 trillion won, up 13.0% from a year earlier. Shinsegae International also recorded first-quarter revenue of 295.6 billion won and operating profit of 14.8 billion won, showing growth of 15.7% and 452.6%, respectively, from a year earlier.
Shinhan Investment & Securities raised its target price for Shinsegae to 560,000 won from 420,000 won that day.
Researcher Cho Sang-hun at Shinhan Investment & Securities said, "With the government's expansionary fiscal policy, increases in earned income, gains in the asset market, and a surge in foreign customer sales, the super-strong department store purchasing power that began in the third quarter of last year will continue throughout 2026," adding, "With major store renewals and a higher share of luxury sales than competitors, top-line growth is also expected."