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South Korea's Top Department Store Operators' Stock Plunge 10-13% on July 20 Amid Profit-Taking

2026-07-21 00:09:27

Lotte Shopping3.08%

Hyundai Department Store2.71%

According to Yonhapnews, on July 20, shares of South Korea's major department store operators fell sharply. Lotte Shopping dropped 10.16%, Hyundai Department Store fell 13.34%, and Shinsegae declined 9.85%. The KOSPI Distribution Index fell 6.27%, outpacing the broader KOSPI's 4.46% decline. Analysts attribute the selloff to profit-taking after strong year-to-date gains, with Lotte Shopping up 93.67%, Hyundai Department Store up 76.06%, and Shinsegae up 136.07% since the start of 2026. Recent weakness in the KOSPI has also reduced the wealth effect, which had boosted department store consumption as household stock holdings surged to 1,849 trillion won in Q1.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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