<Tr> <Th> Subsidiaries </Th> <Td> E-mart </Td> </Tr> <Tr> <Th> Website </Th> <Td> Shinsegae English </Td> </Tr> <P> Shinsegae (Korean: 신세계, KRX: 004170) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea . The name Shinsegae literally means "New World" in Korean . Its flagship store in Centum City, Busan, is the world's largest department store, surpassing Macy's flagship Herald Square in New York City in 2009 . </P> <P> Shinsegae was originally part of the Samsung Group chaebol, separated in the 1990s from the Samsung Group along with CJ Group (Food / Chemicals / Entertainment), Saehan Group (Electronic Media / Apparel / Textiles), and the Hansol Group (Paper / Telecom). The chairman Lee Myung - hee is the daughter of Samsung founder Lee Byung - chull and younger sister of the chairman of Samsung Electronics Lee Kun - hee . </P>

Where is the biggest store in the world