Shinsegae to build new shopping mall in Incheon by 2027

(Source: Korea Bizwire)

South Korean retail giant Shinsegae Group will build a new all-in-one Starfield shopping complex, which includes a multi-purpose sports stadium, in Incheon, just west of Seoul, by 2027, officials said Friday.

Shinsegae and the Incheon Free Economic Zone jointly announced the plan to construct a new Starfield with three basement floors and six above-ground floors on a 1.65 million square-meter plot of land in the Cheongna area.

The new shopping complex will house a multi-purpose dome that can host sports games and cultural events, as well as a hotel and an infinity pool, according to Shinsegae.

The company expects Starfield Cheongna to attract more than 25 million visitors domestically and from abroad every year, creating a combined US$2.8 billion worth of economic value.

A Shinsegae official said it plans to use the domed stadium at Starfield as the home stadium for the South Korean baseball team SSG Landers from 2028.

The Incheon-based Landers are the defending champions of the Korean baseball league.

“We will completely change the paradigm of leisure culture through Starfield Cheongna,” Shinsegae Group Vice Chairman Chung Yong-jin said.

Incheon Mayor Yoo Jeong-bok also said the construction project will help the city become a global city and Shinsegae a global company.

This story was originally published by Yonhap, via Korea Bizwire.

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