Hideyuki Murakami has been appointed as the new chairman of Shin Kong Mitsukoshi Department Store Co. of Taiwan. Murakami, the company's vice chairman, will be moved up to fill the position, which became vacant when its founding chairman Wu Tung-hsing died on 20 August, according to Shin Kong Mitsukoshi. The board also appointed Wu's son Richard Wu, currently the company's president, to double as its vice chairman.

The department store chain, which posted sales of NT$ 80.7 billion (US$ 20.78 billion) in 2019, is a joint venture established by Taiwan's Shin Kong Group and Japan's Isetan Mitsukoshi Ltd. in 1989. In the Shin Kong Mitsukoshi chain, there are 15 stores in Taiwan.