Shinsegae Group Archives - Inside Retail Asia
Shinsegae Group has opened the country’s first ‘dog lounges’ for customers and their pets in a mall.
Shinsegae Group has become the manager for Coex Mall and the adjacent CALT shopping arcade in Seoul.
A Taubman Asia and Shinsegae Group development, the Starfield Hanam shopping center has opened near Seoul.
Shinsegae Group says its new shopping multiplex in Hanam, Gyeonggi province, will be South Korea’s largest.
South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets.
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…
A joint venture between Simon Property Group and Shinsegae Group has opened a new premium outlet in South Korea. Busan Premium Outlets is the joint venture’s third in the nation after Yeoju and Paju Premium Outlets. It features architectural design inspired by the Tuscany region of Italy and houses 180 outlet stores offering every day savings of up to 65 per cent. The JV is said to have invested US$148 million in the 343,000 sqft of retail space. A mix of high-end fashion brands such…
Korean department store enters the duty free business through acquisition.
SK Networks’ bid for Hi-Mart could lead to the company’s entry into electronics retailing.
Major players believe online market will drive growth.