SHINSEGAE Inc. announces an Equity Buyback for 400,000 shares.

Shinsegae Inc is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through seven segments. The Department Store segment is involved in the operation of department stores.The Fashion and Lifestyle, Cosmetics Manufacturing and Wholesale and Retail segment is engaged in manufacturing and sales of fashion clothing and cosmetics, direct import of overseas apparel brands, and overseas distribution of domestic apparel brands. The Duty Free Shop segment is engaged in the operation of duty free shops. The Real Estate and Passenger Terminal Business segment engages in the provision of real estate leasing services and operation of express bus terminals. The Tourist Hotel segment involves in the operation of hotel under the name of JW Marriott Hotel Seoul. The Furniture Retailing segment engages in the retail of furniture. The E-commerce Business segment sells products such as clothing and cosmetics through a site called Shinsegae Mall.