# Homeplus > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Homeplus > Markdown URL: https://mediated.wiki/source/Homeplus.md > Source: https://en.wikipedia.org/wiki/Homeplus > Source revision: 1349431072 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) South Korean discount store chain Homeplus Co., Ltd Type Private Industry Retailing Products Groceries, consumer goods Owner MBK Partners CPP Investment Board Temasek Holdings The 1st Homeplus Special stores in [Daegu](/source/Daegu), Korea **Homeplus** ([Korean](/source/Korean_language): 홈플러스) is a [Korean](/source/South_Korea) [discount store](/source/Discount_store) [retail chain](/source/Retail_chain) running about 140 branches with 25,000 employees throughout [South Korea](/source/South_Korea).[2] Homeplus is the second largest retailer in South Korea,[3] behind [Shinsegae Group](/source/Shinsegae)'s [e-mart](/source/E-mart) chain. Homeplus operates its hypermarkets, super market chain 'Homeplus Express', [convenience store](/source/Convenience_store) '365 Plus' and online shopping service. Homeplus stores offer everything from groceries to clothes and appliances.[4] Starting in 1997 with distribution business department of [Samsung C&T Corporation](/source/Samsung_C%26T_Corporation), Homeplus opened its first hypermarket in [Daegu](/source/Daegu) and its second branch in West Busan.[5] In 1999, a joint venture between Samsung C&T and worldwide British retail chain [Tesco](/source/Tesco), ‘SamsungTesco’ was launched, and it has grown into the second largest retailer in Korea by taking over 33 [Homever](/source/Homever) (ex-[Carrefour](/source/Carrefour)) stores since 2008. On March 1, 2011, due to the expiration of the mutual use contract with the Samsung Group, the corporate name was changed from Samsung Tesco Co., Ltd. to Homeplus Co., Ltd.[6] And on November 22, 2011, the first store of Homeplus 365, a convenience store brand, was opened.[7] In September 2015 the company was sold to [MBK Partners](/source/MBK_Partners), a South Korean buyout firm, which partnered with the [Canada Pension Plan Investment Board](/source/CPP_Investment_Board) and Singapore's [Temasek Holdings](/source/Temasek_Holdings) in a transaction worth £4.2 billion.[8][9] It is Headquartered in Gangseo-gu, Seoul, South Korea in 2024, it operates a total of 127 hypermarkets and 413 Expresses nationwide. ## Homever **Homever** ([Korean](/source/Korean_language): 홈에버) was a brand name of a [hypermarket](/source/Hypermarket) of E.Land Retail Limited, which is part of the [E.Land Group](/source/E.Land_Group). [E.Land Group](/source/E.Land_Group), the largest operators specializing in fashion and retail business, production and retail corporations in Korea acquired Korean operations of [Carrefour](/source/Carrefour) in September 2006 to expand the Group's retail presence in Korea. After the acquisition, **Carrefour Korea** was renamed to Homever. Homever operated 36 hypermarkets with a combined sales area of approximately 112,366 [pyung](/source/Pyung) which translates to 371,458 sqm. Homever was acquired by [Tesco](/source/Tesco) in 2008 and all Homever hypermarkets were re-branded as Homeplus.[10] ## See also - [Companies portal](https://en.wikipedia.org/wiki/Portal:Companies) - [South Korea portal](https://en.wikipedia.org/wiki/Portal:South_Korea) - [E-mart](/source/E-mart) - [Lotte Mart](/source/Lotte_Mart) - [Shinsegae](/source/Shinsegae) - [Costco](/source/Costco) ## References 1. ^ [***a***](#cite_ref-auto_1-0) [***b***](#cite_ref-auto_1-1) ["홈플러스 공식 홈페이지"](https://corporate.homeplus.co.kr/Index.html). *corporate.homeplus.co.kr*. 1. **[^](#cite_ref-Branches_2-0)** ["홈플러스 공식 홈페이지"](http://corporate.homeplus.co.kr/STORE/HyperMarket.aspx). *Homeplus*. Retrieved March 17, 2019. 1. **[^](#cite_ref-3)** Gómez-Suárez, M.; Martínez-Ruiz, M.P. (2016). [*Handbook of Research on Strategic Retailing of Private Label Products in a Recovering Economy*](https://books.google.com/books?id=m1SiDAAAQBAJ&pg=PA115). Advances in Marketing, Customer Relationship Management, and E-Services. IGI Global. p. 115. [ISBN](/source/ISBN_(identifier)) [978-1-5225-0221-0](https://en.wikipedia.org/wiki/Special:BookSources/978-1-5225-0221-0). Retrieved November 14, 2017. 1. **[^](#cite_ref-4)** ["홈플러스 온라인 쇼핑몰"](http://www.homeplus.co.kr/app.exhibition.main.Main.ghs?paper_no=category&extends_id=live&service_cd=56030). August 28, 2018. 1. **[^](#cite_ref-5)** ["\[할인점의 진화 上\] '3세대 할인점' 체험형으로 '검지족' 공략"](http://www.newsprime.co.kr/news/article.html?no=322831). *Newsprime*. August 29, 2018. 1. **[^](#cite_ref-6)** ["홈플러스 3월부터 '삼성'과 결별"](http://www.fnnews.com/news/201102272019521247). *[The Financial News](/source/The_Financial_News)* (in Korean). 2011-02-27. Retrieved 2021-03-20. 1. **[^](#cite_ref-7)** ["홈플러스, 편의점 사업 진출..중소상인 반발(종합)"](https://news.v.daum.net/v/M0NJiStDsD). *[Daum News](/source/Daum_News)* (in Korean). Retrieved 2021-03-20. 1. **[^](#cite_ref-:0_8-0)** ["Tesco sells South Korea stores for £4bn"](https://www.bbc.com/news/business-34171937). *[BBC News](/source/BBC_News)*. September 7, 2015. Retrieved September 7, 2015. 1. **[^](#cite_ref-9)** ["Tesco starts sell-off ahead of results with Asian disposal"](https://www.bbc.co.uk/news/business-36022305). BBC News. 12 April 2016. Retrieved 12 April 2016. 1. **[^](#cite_ref-Tesco_buys_Homever_from_E._Land_10-0)** ["Tesco buys South Korean Homever chain for £950m | The Telegraph"](https://www.telegraph.co.uk/finance/markets/2790036/Tesco-buys-South-Korean-Homever-chain-for-950m.html). telegraph.co.uk. 2008-05-15. Retrieved 2013-01-29. ## External links Wikimedia Commons has media related to [Homeplus](https://commons.wikimedia.org/wiki/Category:Homeplus). - [Official website](http://corporate.homeplus.co.kr/index.aspx) (in Korean) - [Homeplus Instagram](https://www.instagram.com/homeplus_life/) - [E-commerce website](http://www.homeplus.co.kr) (in Korean) --- Adapted from the Wikipedia article [Homeplus](https://en.wikipedia.org/wiki/Homeplus) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Homeplus?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.