SHINSEGAE CO., LTD. is a Korea-based company engaged in the operation of department stores. As of December 31, 2011, the Company had eight department stores in domestic market. Through its department stores, the Company provides various branded products, including HERMES, LOUIS VUITTON, CHANEL, GUCCI, TIFFANY&Co. BURBERRY, PRADA, GIORGIO ARMANI, Carlier, BVLCARI and others. On October 16, 2012, the Company acquired 60.02% stake of the CENTRAL CITY CO., LTD, which is mainly engaged in the real estate rental and terminal businesses.