Founded in the mid-1950s, Shinsegae separated from the group in the early 1990s along with the Hansol Group, Saehan Group and CJ Group. Moreover, Shinsegae spun off its discount chain, E-mart, some two years ago, but Myung-Hee still has 17.3% in her possession. Most recently, Shinsegae took over the Seoul Express Bus Terminal, and also announced some other long-term development plans. Married with two children, Lee Myung-Hee’s husband Chung Jae-Eun, Shinsegae was a Shinsegae’s honorary chairman until he gave his shares to their children in 2006 and paid $350 million donation tax.