The End of an Era: What's Killing South Korea's Hypermarkets? The demise of Homeplus, once one of South Korea's largest hypermarket chains, has sent shockwaves through the industry.
With 67 outlets closed and 37 suspended, the question on everyone's mind is: what happened to this retail giant?
The answer lies not in a catastrophic event or unforeseen circumstance, but rather in a gradual shift away from the hypermarket model.