{"slug":"emart","name":"이마트","name_en":"E-mart Inc.","ticker":"139480.KS","updated_at":"2026-07-12T08:23:49.777+00:00","canonical":"https://valuechain.wiki/emart","same_as":["https://finance.yahoo.com/quote/139480.KS","https://finance.naver.com/item/main.naver?code=139480"],"citable":"밸류체인 그래프 기준 이마트의 직접 연결 기업은 6곳(관계 기준 공급 6·매출 0)이고, 사슬을 2차까지 넓히면 8곳에 닿는다. 링크의 근거 출처는 11건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, E-mart Inc. is directly linked to 6 companies (6 supply, 0 revenue relationships) and reaches 8 companies within two hops; the links are backed by 11 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"코스피 · 대형마트·이커머스 1위 · 내수 소비 시계","kicker_en":"KOSPI · #1 hypermarket & e-commerce · domestic-consumption clock","lead":"이마트는 대형마트(이마트)와 창고형 할인점(트레이더스)을 축으로 SSG닷컴·G마켓의 이커머스와 스타벅스코리아(SCK컴퍼니)를 거느린 신세계그룹의 유통 사업회사다. 2025년 연결 매출은 28조9,704억원으로 전년과 비슷했으나 영업이익은 3,225억원으로 584.8% 늘었다. AI 사이클과 거의 무관한 내수 소비 노출 노드로, 한국 소비 시계의 대조군이다.","lead_en":"E-mart is the Shinsegae group's retail operating company, anchored by hypermarkets (E-mart) and warehouse clubs (Traders) alongside the SSG.com and Gmarket e-commerce arms and Starbucks Korea (SCK Company). FY2025 consolidated revenue was KRW 28.97 trillion, flat year on year, while operating profit rose 584.8% to KRW 322.5 billion. It is a domestic-consumption node with little AI exposure, a control case for Korea's consumption clock.","segments":{"fy":2025,"parts":[{"desc":"이마트 할인점과 창고형 트레이더스(총매출 3조8,520억원, +8.5%). 별도 본업","name":"대형마트·트레이더스"},{"desc":"온라인 유통 자회사, 적자 지속","name":"이커머스(SSG닷컴·G마켓)"},{"desc":"커피 체인 연결 자회사, 매출 3조2,380억원","name":"스타벅스코리아(SCK컴퍼니)"},{"desc":"부동산·호텔 등 종속회사","name":"기타(신세계프라퍼티·조선호텔앤리조트 등)"}],"total":"연결 매출 28조9,704억원(-0.2% YoY), 영업이익 3,225억원(+584.8%), 순이익 2,463억원(흑자전환). 별도(대형마트+트레이더스) 총매출 17조9,660억원(+5.9%)","source":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","concentration":"매출의 사실상 100%가 한국 내수 소비. 별도 본업 17조9,660억원(+5.9%), 트레이더스 3조8,520억원(+8.5%) (FY2025)"},"segments_en":{"fy":2025,"parts":[{"desc":"E-mart discount stores and Traders warehouse clubs (gross revenue KRW 3.85tn, +8.5%). The standalone core","name":"Hypermarket and Traders"},{"desc":"Online retail subsidiaries, still loss-making","name":"E-commerce (SSG.com, Gmarket)"},{"desc":"Consolidated coffee-chain subsidiary, revenue KRW 3.24tn","name":"Starbucks Korea (SCK Company)"},{"desc":"Real estate, hotels and other subsidiaries","name":"Others (Shinsegae Property, Chosun Hotel & Resort, etc.)"}],"total":"Consolidated revenue KRW 28.97tn (-0.2% YoY), operating profit KRW 322.5bn (+584.8%), net income KRW 246.3bn (return to profit). Standalone (hypermarket + Traders) gross revenue KRW 17.966tn (+5.9%)","source":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","concentration":"Essentially 100% of revenue is Korean domestic consumption. Standalone core KRW 17.966tn (+5.9%), Traders KRW 3.85tn (+8.5%) (FY2025)"},"returns_yearly":{"2021":-18.4,"2022":-19.5,"2023":-25.3,"2024":-14.6,"2025":44.7,"2026":-7.8},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":1,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"coca-cola","name":"Coca-Cola","name_en":"The Coca-Cola Company","tier":1,"returns_yearly":{"2021":11.4,"2022":10.6,"2023":-4.4,"2024":8.9,"2025":15.6,"2026":21}},{"slug":"orion","name":"오리온","name_en":"Orion","tier":1,"returns_yearly":{"2021":-18.4,"2022":29,"2023":-25.5,"2024":10.6,"2025":18.7,"2026":19.8}},{"slug":"nestle","name":"Nestlé","name_en":"Nestlé S.A.","tier":1,"returns_yearly":{"2021":22.1,"2022":-4.2,"2023":-9.3,"2024":-18.8,"2025":-1.8,"2026":17.9}},{"slug":"pepsico","name":"PepsiCo","name_en":"PepsiCo","tier":1,"returns_yearly":{"2021":20.6,"2022":6.8,"2023":-3.3,"2024":-7.6,"2025":-1.8,"2026":-2.4}},{"slug":"cj-cheiljedang","name":"CJ제일제당","name_en":"CJ CheilJedang","tier":1,"returns_yearly":{"2021":-17.7,"2022":1.1,"2023":-14.5,"2024":-15.7,"2025":-8.9,"2026":-9.3}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"ligachem-biosciences","name":"리가켐바이오","name_en":"LigaChem Biosciences","tier":2,"returns_yearly":{"2021":-26.2,"2022":-18.1,"2023":37.1,"2024":151,"2025":60.5,"2026":-40.7}},{"slug":"western-digital","name":"Western Digital","name_en":"Western Digital","tier":3,"returns_yearly":{"2021":17.7,"2022":-51.6,"2023":66,"2024":13.9,"2025":283.7,"2026":238.4}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":3,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":231.4}},{"slug":"intel","name":"Intel","name_en":"Intel","tier":3,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":197.7}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":177.8}},{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":3,"returns_yearly":{"2025":25.6,"2026":148.2}},{"slug":"ciena","name":"Ciena","name_en":"Ciena","tier":3,"returns_yearly":{"2021":45.6,"2022":-33.8,"2023":-11.7,"2024":88.4,"2025":175.8,"2026":97}},{"slug":"vertiv","name":"Vertiv","name_en":"Vertiv","tier":3,"returns_yearly":{"2021":33.8,"2022":-45.3,"2023":251.8,"2024":136.8,"2025":42.8,"2026":96.9}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":3,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":79.2}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":3,"returns_yearly":{"2025":99,"2026":67.3}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":3,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":67}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":55.3}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":3,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":45.1}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":3,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":42.7}},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":3,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":38.6}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":3,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":33.4}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":3,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":33.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":3,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":28.6}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":3,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":27.2}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":3,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":18.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":3,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":13}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":3,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":3,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":8.9}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":-2.1}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":-3.3}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-4.5}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":3,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9}},{"slug":"samsung-biologics","name":"삼성바이오로직스","name_en":"Samsung Biologics","tier":3,"returns_yearly":{"2021":-6.8,"2022":8.6,"2023":5.8,"2024":28.7,"2025":5,"2026":-20.1}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-28.6}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null}],"analysis":"대형마트(이마트)·창고형 트레이더스를 본업으로 SSG닷컴·G마켓 이커머스와 스타벅스코리아를 거느린 신세계그룹 유통 사업회사로, 매출의 사실상 100%가 한국 내수 소비인 AI 무관 대조군 노드다. 2025년 연결매출 28.97조원은 전년과 비슷했으나 영업이익이 3,225억원(+584.8%)으로 급증해 흑자전환했는데, 별도 본업(17.97조원, +5.9%)·트레이더스(3.85조원, +8.5%) 경쟁력 회복과 원가 관리가 이끌었다. 발목은 여전히 적자인 SSG닷컴·G마켓 이커머스이고, 스타벅스코리아(3.24조원)는 원가 상승에 수익성이 둔화됐다. 실적은 AI가 아니라 내수 소비 경기와 물가·원가 시계로 도는, 한국 소비의 대리지표다.","analysis_en":"The Shinsegae group's retail operating company, anchored by E-mart hypermarkets and Traders warehouse clubs alongside SSG.com/Gmarket e-commerce and Starbucks Korea, a node whose revenue is essentially 100% Korean domestic consumption and AI-independent — a control case. FY2025 consolidated revenue of KRW 28.97tn was flat, but operating profit surged to KRW 322.5bn (+584.8%), returning to profit on recovered competitiveness in the standalone core (KRW 17.97tn, +5.9%) and Traders (KRW 3.85tn, +8.5%) plus cost discipline. The drags are still-loss-making SSG.com/Gmarket e-commerce, while Starbucks Korea (KRW 3.24tn) saw margins soften on cost inflation. Results run on the domestic consumption cycle and a price/cost clock rather than AI — a proxy for Korean consumption.","analysis_asof":"2026-07-10"},"edges":[{"direction":"cost","counterparty":"Starbucks","counterparty_slug":"starbucks","confidence":"high","metric":{"type":"share","unit":"%","as_of":"2021-07-27","basis":"이마트의 SCK 지분","value":67.5,"period":"2021~","basis_en":"E-Mart stake in SCK"},"note":"이마트는 2021년 스타벅스코리아(SCK) 지분을 67.5%로 늘려 최대주주가 됐다. SCK는 스타벅스 브랜드 라이선스로 국내 약 1,500개 매장을 운영하며 스타벅스 본사에 로열티를 지급한다.","note_en":"E-Mart became the largest shareholder of Starbucks Coffee Korea (SCK) with 67.5% in 2021. SCK operates about 1,500 Starbucks stores in Korea under license and pays royalties to Starbucks.","sources":[{"stance":"confirms","publisher":"GIC","publisher_en":"GIC","kind":"ir","lang":"en","published_at":"2021-07-27","url":"https://www.gic.com.sg/newsroom/all/starbucks-transitions-retail-business-in-south-korea-to-e-mart-and-gic/","title":"Starbucks Transitions Retail Business in South Korea to E-Mart and GIC","title_en":"Starbucks Transitions Retail Business in South Korea to E-Mart and GIC","excerpt":"이마트가 스타벅스코리아(SCK) 지분을 67.5%로 늘리고 GIC가 32.5%를 취득했으며, 이마트가 국내 약 1,500개 스타벅스 매장 운영을 이어간다.","excerpt_en":"E-Mart increased its stake in Starbucks Coffee Korea to 67.5% and GIC took 32.5%, with E-Mart continuing to operate about 1,500 Starbucks stores in Korea."}]},{"direction":"revenue","counterparty":"대형마트·트레이더스 소비자 (오프라인 유통)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"KRW","as_of":"2025-12-31","basis":"별도 총매출 17조9,660억원(대형마트+트레이더스, 조원)","value":17.97,"period":"FY2025","basis_en":"Standalone gross revenue KRW 17.966tn (hypermarket + Traders)"},"note":"본업인 이마트 할인점과 창고형 트레이더스가 오프라인 소비자로부터 매출을 낸다. 2025년 별도 총매출 17조9,660억원(+5.9%), 트레이더스 총매출 3조8,520억원(+8.5%)으로 본업 경쟁력이 회복됐다.","note_en":"The core E-mart hypermarkets and Traders warehouse clubs earn from offline shoppers. FY2025 standalone gross revenue was KRW 17.966tn (+5.9%) and Traders KRW 3.85tn (+8.5%), reflecting a recovery in the core.","sources":[{"stance":"mentions","publisher":"교보증권","publisher_en":"Kyobo Securities","kind":"research","lang":"ko","published_at":"2026-05-14","url":"https://www.newspim.com/news/view/20260514001193","title":"이마트 1Q26 리뷰: 업황 재편 실적 개선, 목표가 130,000원 (교보증권)","title_en":"E-mart 1Q26 review: improving results, target ₩130,000 (Kyobo Securities)","excerpt":"교보증권: 목표가 130,000원. 1Q26 영업이익 1,783억원(+11.9%, 14년래 최대). 본업 경쟁력 강화로 업황 재편 속 실적 개선 기대. 최근 6개월 증권사 평균 목표가 137,417원.","excerpt_en":"Kyobo Securities: target ₩130,000. 1Q26 operating profit ₩178.3bn (+11.9%, 14-year high). Core-business strength drives improvement amid sector reshaping; 6-month average target ₩137,417."},{"stance":"mentions","publisher":"이마트 영문 IR","publisher_en":"E-mart English Investor Relations","kind":"ir","lang":"en","published_at":"2026-03-31","url":"https://company.emart.com/en/investor/finance.do","title":"E-mart Financial Information (Investor Relations)","title_en":"E-mart Financial Information (Investor Relations)","excerpt":"이마트 공식 영문 IR 페이지로 연결 순매출·영업이익 추이와 2025년 영업이익률 등을 제공해 본업 유통 실적을 뒷받침한다.","excerpt_en":"E-mart's official English IR page presents consolidated net sales and operating profit trends including the FY2025 operating margin, corroborating the retail core."},{"stance":"confirms","publisher":"DART 이마트 사업보고서(2025.12)","publisher_en":"DART E-mart Annual Report (FY2025)","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","title":"이마트 사업보고서 (2025.12)","title_en":"E-mart Inc. Business Report (FY2025)","excerpt":"이마트 FY2025 정기 사업보고서로 대형마트·트레이더스 별도 본업과 연결 종속회사 실적을 공시한다. 연결 매출 28조9,704억원, 영업이익 3,225억원.","excerpt_en":"E-mart's FY2025 statutory business report, disclosing the standalone hypermarket and Traders core plus consolidated subsidiaries; consolidated revenue KRW 28.97tn, operating profit KRW 322.5bn."},{"stance":"confirms","publisher":"신세계그룹 뉴스룸","publisher_en":"Shinsegae Group Newsroom","kind":"ir","lang":"ko","published_at":"2026-02-11","url":"https://www.shinsegaegroupnewsroom.com/emart-2025-annual-earnings-report/","title":"이마트, 2025년 영업이익 3,225억…전년比 584.8%↑","title_en":"E-mart 2025 operating profit KRW 322.5bn, up 584.8% YoY","excerpt":"공식 뉴스룸은 별도 총매출 17조9,660억원(+5.9%)·영업이익 2,771억원, 트레이더스 총매출 3조8,520억원(+8.5%)·영업이익 1,293억원을 밝힌다.","excerpt_en":"The official newsroom reports standalone gross revenue of KRW 17.966tn (+5.9%) and operating profit KRW 277.1bn, with Traders gross revenue KRW 3.85tn (+8.5%) and operating profit KRW 129.3bn."}]},{"direction":"revenue","counterparty":"스타벅스코리아(SCK컴퍼니) 소비자","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"KRW","as_of":"2025-12-31","basis":"SCK컴퍼니(스타벅스코리아) 매출(조원)","value":3.238,"period":"FY2025","basis_en":"SCK Company (Starbucks Korea) revenue (KRW tn)"},"note":"이마트는 스타벅스코리아(SCK컴퍼니)를 연결 자회사로 두고 커피 체인 매출을 인식한다. 2025년 SCK 매출 3조2,380억원(+4.4%), 영업이익 1,730억원(-9.3%)으로 원가 상승에 수익성은 둔화됐다.","note_en":"E-mart consolidates Starbucks Korea (SCK Company) and books its coffee-chain revenue. FY2025 SCK revenue was KRW 3.238tn (+4.4%) with operating profit KRW 173bn (-9.3%) as cost inflation pressured margins.","sources":[{"stance":"confirms","publisher":"DART 이마트 사업보고서(2025.12)","publisher_en":"DART E-mart Annual Report (FY2025)","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","title":"이마트 사업보고서 (2025.12)","title_en":"E-mart Inc. Business Report (FY2025)","excerpt":"사업보고서는 SCK컴퍼니(스타벅스코리아)를 이마트 연결 종속회사로 편입한다.","excerpt_en":"The business report consolidates SCK Company (Starbucks Korea) as an E-mart subsidiary."},{"stance":"confirms","publisher":"뉴데일리경제","publisher_en":"Newdaily Biz","kind":"news","lang":"ko","published_at":"2026-02-11","url":"https://biz.newdaily.co.kr/site/data/html/2026/02/11/2026021100249.html","title":"스타벅스코리아, 4Q 영업익 전년比 22% 감소한 377억…원가 상승이 배경","title_en":"Starbucks Korea Q4 operating profit down 22% to KRW 37.7bn on cost inflation","excerpt":"SCK컴퍼니 2025년 매출 3조2,380억원(+4.4%), 영업이익 1,730억원(-9.3%)을 보도한다.","excerpt_en":"Reports SCK Company FY2025 revenue of KRW 3.238tn (+4.4%) and operating profit KRW 173bn (-9.3%)."}]},{"direction":"cost","counterparty":"상품 매입원가 (제조사·벤더, 비공개)","counterparty_slug":null,"confidence":"high","metric":null,"note":"유통업 특성상 최대 비용은 상품 매입원가(매출원가)로, 다수 제조사·벤더에서 상품을 사들인다. 개별 공급사는 비공개다.","note_en":"As a retailer, its largest cost is merchandise cost of goods sold, sourced from many manufacturers and vendors. Individual suppliers are undisclosed.","sources":[{"stance":"confirms","publisher":"DART 이마트 사업보고서(2025.12)","publisher_en":"DART E-mart Annual Report (FY2025)","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","title":"이마트 사업보고서 (2025.12)","title_en":"E-mart Inc. Business Report (FY2025)","excerpt":"사업보고서는 매출원가(상품 매입)를 최대 비용으로 하는 유통 원가구조와 주요 매입 현황을 공시한다.","excerpt_en":"The business report discloses a retail cost structure led by cost of goods sold (merchandise purchases) and key sourcing."}]},{"direction":"cost","counterparty":"오리온","counterparty_slug":"orion","confidence":"high","metric":{"qualifier":"sourced_goods"},"note":"초코파이·포카칩·꼬북칩이 이마트몰 등 국내 대형 유통에 상시 진열. 국내 소매 채널.","note_en":"Choco Pie, Poca Chip and Kkobuk Chip are stocked across E-mart and domestic mass retail; a core domestic channel.","sources":[{"stance":"confirms","publisher":"이마트몰","publisher_en":"E-mart Mall (SSG.COM)","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://emart.ssg.com/item/itemView.ssg?itemId=0000008783898","title":"오리온 초코파이 (이마트몰 리스팅)","title_en":"Orion Choco Pie, E-mart mall listing","excerpt":"오리온 초코파이 24입 936g — 이마트몰 판매.","excerpt_en":"Orion Choco Pie 24-count 936g, sold on E-mart mall."}]},{"direction":"revenue","counterparty":"이커머스 소비자 (SSG닷컴·G마켓)","counterparty_slug":null,"confidence":"mid","metric":null,"note":"온라인 유통 자회사 SSG닷컴과 G마켓이 이커머스 매출을 낸다. 두 곳 모두 적자가 이어져 이마트 연결 수익성의 부담 요인이다(2024년 SSG닷컴 매출 1조5,755억원·영업손실 727억원, G마켓 9,612억원·영업손실 674억원).","note_en":"The online subsidiaries SSG.com and Gmarket generate e-commerce revenue but both remain loss-making, weighing on E-mart's consolidated profitability (FY2024: SSG.com revenue KRW 1.576tn, operating loss KRW 72.7bn; Gmarket KRW 961.2bn, operating loss KRW 67.4bn).","sources":[{"stance":"confirms","publisher":"DART 이마트 사업보고서(2025.12)","publisher_en":"DART E-mart Annual Report (FY2025)","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","title":"이마트 사업보고서 (2025.12)","title_en":"E-mart Inc. Business Report (FY2025)","excerpt":"사업보고서는 SSG닷컴·G마켓을 이마트의 이커머스 종속회사로 연결 편입해 실적을 공시한다.","excerpt_en":"The business report consolidates SSG.com and Gmarket as E-mart's e-commerce subsidiaries and discloses their results."},{"stance":"confirms","publisher":"비즈니스포스트","publisher_en":"Business Post","kind":"news","lang":"ko","published_at":"2025-02-12","url":"https://www.businesspost.co.kr/BP?command=article_view&num=383223","title":"이마트 영업이익 3배 적자 본 SSG닷컴·G마켓, '디지털 전환' 난항","title_en":"SSG.com and Gmarket losses weigh on E-mart's digital transition","excerpt":"SSG닷컴(2024년 매출 1조5,755억원, 영업손실 727억원)과 G마켓(9,612억원, 영업손실 674억원)이 이마트 이커머스 사업으로 적자를 지속한다고 보도한다.","excerpt_en":"Reports that SSG.com (FY2024 revenue KRW 1.576tn, operating loss KRW 72.7bn) and Gmarket (KRW 961.2bn, operating loss KRW 67.4bn) keep losing money within E-mart's e-commerce business."}]},{"direction":"cost","counterparty":"물류·점포 운영·인건비 (비공개)","counterparty_slug":null,"confidence":"mid","metric":null,"note":"물류센터와 배송, 점포 임차·운영, 임직원 인건비가 판매관리비의 주요 항목이다. 개별 공급사·계약은 비공개다.","note_en":"Logistics and delivery, store leases and operations, and personnel costs are the main components of SG&A. Individual providers and contracts are undisclosed.","sources":[{"stance":"confirms","publisher":"DART 이마트 사업보고서(2025.12)","publisher_en":"DART E-mart Annual Report (FY2025)","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001024","title":"이마트 사업보고서 (2025.12)","title_en":"E-mart Inc. Business Report (FY2025)","excerpt":"사업보고서는 물류·점포 운영비와 인건비 등 판매관리비 구성을 공시한다.","excerpt_en":"The business report discloses SG&A including logistics, store operations and personnel costs."}]},{"direction":"cost","counterparty":"CJ제일제당","counterparty_slug":"cj-cheiljedang","confidence":"mid","metric":{"qualifier":"sourced_goods"},"note":"이마트 등 신세계 유통 3사와 협업, 이마트 단독 햇반 SKU(강화썸쌀밥) 출시. 국내 대형 오프라인 채널.","note_en":"Collaborates with Shinsegae's retail trio including E-mart, with an E-mart-exclusive Hatban SKU; a core domestic offline channel.","sources":[{"stance":"confirms","publisher":"톱데일리","publisher_en":"Topdaily","kind":"news","lang":"ko","published_at":"2024-06-01","url":"https://www.topdaily.kr/articles/99902","title":"CJ제일제당, 신세계 유통 3사 협업…이마트 단독 햇반","title_en":"CJ CheilJedang partners with Shinsegae retail trio; E-mart-exclusive Hatban","excerpt":"이마트·SSG닷컴·G마켓 신세계 3사와 협업, 햇반 강화썸쌀밥 이마트 단독 판매.","excerpt_en":"Collaborates with E-mart/SSG.com/Gmarket; the Hatban SKU is sold exclusively at E-mart."}]},{"direction":"cost","counterparty":"PepsiCo","counterparty_slug":"pepsico","confidence":"low","metric":{"qualifier":"sourced_goods"},"note":"이마트는 펩시(펩시콜라 등) 제품을 매입해 판매한다. 대형마트 취급 브랜드로 매입 비중은 비공개.","note_en":"E-Mart purchases and sells PepsiCo products such as Pepsi, a carried brand with undisclosed purchase share.","sources":[{"stance":"confirms","publisher":"이마트몰(SSG)","publisher_en":"E-Mart Mall (SSG)","kind":"ir","lang":"ko","published_at":"2026-07-05","url":"https://emart.ssg.com/disp/category.ssg?dispCtgId=6000213428","title":"이마트몰 콜라/탄산음료 카테고리","title_en":"E-Mart Mall cola/carbonated beverages category","excerpt":"이마트몰 탄산음료 카테고리에서 펩시콜라·펩시 제로 등 펩시 제품을 판매한다.","excerpt_en":"E-Mart Mall's carbonated beverage category sells Pepsi products including Pepsi and Pepsi Zero."}]},{"direction":"cost","counterparty":"Nestle","counterparty_slug":"nestle","confidence":"low","metric":{"qualifier":"sourced_goods"},"note":"이마트는 네슬레 제품(네스카페·네스프레소 등 커피와 과자)을 매입해 판매한다. 대형마트 취급 브랜드로 매입 비중은 비공개.","note_en":"E-Mart purchases and sells Nestlé products such as Nescafé and Nespresso coffee and confectionery, a carried brand with undisclosed purchase share.","sources":[{"stance":"confirms","publisher":"이마트몰(SSG)","publisher_en":"E-Mart Mall (SSG)","kind":"ir","lang":"ko","published_at":"2026-07-05","url":"https://emart.ssg.com/search.ssg?query=%EB%84%A4%EC%8A%AC%EB%A0%88","title":"이마트몰 네슬레 검색","title_en":"E-Mart Mall Nestlé search","excerpt":"이마트몰 네슬레 브랜드관에서 커피(네스카페·네스프레소)와 과자 등 다수 제품을 판매한다.","excerpt_en":"E-Mart Mall's Nestlé brand section sells coffee (Nescafé, Nespresso) and confectionery among many products."}]},{"direction":"cost","counterparty":"Coca-Cola","counterparty_slug":"coca-cola","confidence":"low","metric":{"qualifier":"sourced_goods"},"note":"이마트는 코카콜라 제품을 매입해 매장·이마트몰에서 판매한다. 대형마트 취급 브랜드로 매입 비중은 비공개.","note_en":"E-Mart purchases and sells Coca-Cola products in stores and on its online mall, a carried brand with undisclosed purchase share.","sources":[{"stance":"confirms","publisher":"이마트몰(SSG)","publisher_en":"E-Mart Mall (SSG)","kind":"ir","lang":"ko","published_at":"2026-07-05","url":"https://emart.ssg.com/disp/category.ssg?dispCtgId=6000213428","title":"이마트몰 콜라/탄산음료 카테고리","title_en":"E-Mart Mall cola/carbonated beverages category","excerpt":"이마트몰 탄산음료 카테고리에서 코카콜라(코카콜라·코카콜라 제로 등) 제품을 판매한다.","excerpt_en":"E-Mart Mall's carbonated beverage category sells Coca-Cola products including Coca-Cola and Coca-Cola Zero."}]}]}