Corporate Logo(source: company.emart.com)
Shares of E-Mart (139480) plunged more than 8% on June 10 amid growing concerns that the mandatory closure of large retail chains on public holidays could be reinstated under the new administration.
As of 9:49 a.m., E-Mart was trading at 82,700 won, down 8.72% or 7,900 won from the previous session.
Lotte Shopping (023530), which operates Lotte Mart, also fell sharply, trading at 75,600 won, down 9.03% or 7,500 won.
Just a day earlier, shares of both companies had rallied—E-Mart by more than 4% and Lotte Shopping by over 6%—on the back of expectations for domestic demand stimulus following the announcement of a second supplementary budget.
However, investor sentiment weakened after signals emerged that the ruling party may revive the policy mandating the closure of large discount stores on public holidays—an initiative that had been relaxed under the previous administration.
A proposed revision to the Distribution Industry Development Act, introduced by Democratic Party lawmaker Oh Se-hee in September of last year, is currently under review by a parliamentary subcommittee. The bill seeks to require local governments to designate public holidays as mandatory closure days for large-scale retailers, removing the previous discretion in scheduling.
In a media interview the previous day, Rep. Oh confirmed her intent to push for the legislation's passage.
*[KOSPI] E-Mart(139480) operates 154 large-scale marts and warehouse-style discount stores, 263 supermarkets, 6,761 convenience stores, 7 complex shopping malls, and online shopping channels. Market capitalization is 2.497 trillion won(as of June 9, 2025, closing price).
Corporate Logo(source: company.emart.com)
Shares of E-Mart (139480) plunged more than 8% on June 10 amid growing concerns that the mandatory closure of large retail chains on public holidays could be reinstated under the new administration.
As of 9:49 a.m., E-Mart was trading at 82,700 won, down 8.72% or 7,900 won from the previous session.
Lotte Shopping (023530), which operates Lotte Mart, also fell sharply, trading at 75,600 won, down 9.03% or 7,500 won.
Just a day earlier, shares of both companies had rallied—E-Mart by more than 4% and Lotte Shopping by over 6%—on the back of expectations for domestic demand stimulus following the announcement of a second supplementary budget.
However, investor sentiment weakened after signals emerged that the ruling party may revive the policy mandating the closure of large discount stores on public holidays—an initiative that had been relaxed under the previous administration.
A proposed revision to the Distribution Industry Development Act, introduced by Democratic Party lawmaker Oh Se-hee in September of last year, is currently under review by a parliamentary subcommittee. The bill seeks to require local governments to designate public holidays as mandatory closure days for large-scale retailers, removing the previous discretion in scheduling.
In a media interview the previous day, Rep. Oh confirmed her intent to push for the legislation's passage.
*[KOSPI] E-Mart(139480) operates 154 large-scale marts and warehouse-style discount stores, 263 supermarkets, 6,761 convenience stores, 7 complex shopping malls, and online shopping channels. Market capitalization is 2.497 trillion won(as of June 9, 2025, closing price).