trending Market Intelligence /marketintelligence/en/news-insights/trending/jshbmsnnazn2qlxxv8bhow2 content esgSubNav
In This List

E-Mart to install electric-car charging stations in stores

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


E-Mart to install electric-car charging stations in stores

South Korean hypermarket chain E-Mart Inc. will put charging stations for electric vehicles in all of its 140 outlets over the next three years, Yonhap News Agency reported July 2.

The Shinsegae Inc.-owned retailer this week will start installing the charging stations in four stores in the cities of Sokcho and Gangneung, the news wire said. E-Mart reportedly plans to set up charging stations in six more outlets this year.

The charging stations will provide both fast and slow charging for electric vehicles. The fast-charging service will cost about 7,000 won and will take about 20 minutes to fully charge an electric car, while the slow-charging service will take about 4 hours, the report said.

The company's move is in line with the South Korean government's initiative to promote zero-emission cars, Yonhap added.

As of July 2, US$1 was equivalent to 1,119.63 South Korean won.