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South Korea's Top Three Department Store Stocks Fall 31-39% in July Correction

2026-07-23 21:43:54

Hyundai Department Store0.35%

Lotte Shopping-4.61%

Shinsegae-0.54%

According to Korea Exchange data on July 23, South Korea's top three department store chains—Hyundai Department Store, Lotte Shopping, and Shinsegae—declined sharply this month after hitting peaks in June. Hyundai Department Store fell 31.31% from its June 17 peak, while Shinsegae dropped 31.31% from June 3 levels. Lotte Shopping declined 39.24% following a June high. Analysts attributed the pullback to profit-taking after steep first-half gains and a lack of positive catalysts in July, amid broader semiconductor sector strength easing concerns.

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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