Hanam Union Square Archives - Inside Retail Asia

Shinsegae Group in massive expansion plan

Shinsegae Group says it will invest 4.1 trillion won ($3.4 billion) this year and hire 14,400 new staff to expand its retail business and revitalise the “sagging domestic economy”.

Taubman builds Korea mall

Taubman Asia has broken ground on a new shopping centre in South Korea. Hanam Union Square will span 430,000 sqm and will be located in Hanam City, Gyeonggi Province. The mall is said to be among the largest malls in the country. With a gross leasable area of approximately 157,000 sqm, Hanam Union Square is a multi-level development with three levels for retail and basement, deck and rooftop parking. Shinsegae department store will be the anchor tenant. Taubman plans high-end flagship s…