Samsung was separated into four business groups in Italy.
Shinsegae -LRB- Korean  : 신세계 , -RRB- is a South Korean department store franchise , along with several other businesses , headquartered in Seoul , South Korea .. Seoul. Seoul. South Korea. South Korea. Korean. Korean language. department store. department store. franchise. Franchising. The name of Shinsegae literally means `` New World '' in Korean .. Korean. Korean language. Its flagship store in Centum City , Busan , is the world 's largest department store , surpassing Macy 's flagship Herald Square in New York City in 2009 .. department store. department store. flagship store. flagship store. Centum City. Centum City. Busan. Busan. Herald Square. Macy's Herald Square. New York City. New York City. Shinsegae was originally part of the Samsung Group chaebol , separated in the 1990s from the Samsung Group along with CJ Group -LRB- Food / Chemicals / Entertainment -RRB- , Saehan Group -LRB- Electronic Media / Apparel / Textiles -RRB- , and the Hansol Group -LRB- Paper / Telecom -RRB- .. Samsung Group. Samsung Group. chaebol. chaebol. CJ Group. CJ Group. Saehan Group. Saehan. Hansol Group. Hansol. Samsung. Samsung. The chairman Lee Myung-hee is the daughter of Samsung founder Lee Byung-chull and younger sister of the chairman of Samsung Electronics Lee Kun-hee .. Lee Byung-chull. Lee Byung-chull. Samsung Electronics. Samsung Electronics. Lee Kun-hee. Lee Kun-hee. Samsung. Samsung. The group owns the brands Shinsegae and E-Mart , and is in direct competition with Lotte Shopping and Hyundai Department Store Group .. E-Mart. E-mart. Lotte Shopping. Lotte Department Store. Hyundai Department Store Group. Hyundai Department Store Group. Currently it is the largest retailer in South Korea .. South Korea. South Korea. Shinsegae is also famous for its long history .. The main branch of Shinsegae is the oldest department store in Korea .. department store. department store. The main building of the store was opened in 1930 as the Gyeongseong branch of Mitsukoshi , a Japanese department store franchise ; Korea was occupied by the Japanese Empire at the time .. department store. department store. franchise. Franchising. Gyeongseong. Gyeongseong. Mitsukoshi. Mitsukoshi. occupied by the Japanese Empire. Korea under Japanese rule. The store was acquired in 1945 by the late founder of Samsung group , Lee Byung-chull , and renamed Donghwa Department Store .. Lee Byung-chull. Lee Byung-chull. Samsung. Samsung. After the Korean War -LRB- 1950 -- 1953 -RRB- began , it was used for several years as a post exchange by the American army .. Korean. Korean language. Korean War. Korean War. American army. USFK. In 1963 , the store was given the name Shinsegae .. The old building is currently used as a luxury shopping venue .. luxury shopping. luxury shopping. Shinsegae was the first credit card company in South Korea .. South Korea. South Korea. credit card. credit card. They issued its own charge card from 1967 to 2000 .. charge card. charge card. In 2000 , Shinsegae sold its credit card division to KorAm Bank , which was later acquired by Citibank Korea .. credit card. credit card. Citibank Korea. Citibank Korea