Shinsegae is set to open a premium outlet in Shiheung, which will be the largest outlet in the southwestern part of Korea’s metropolitan area. To make visitors feel as if they were travelling in Spain, Shinsegae invested 230 billion won to make the outlet reminiscent of Spain’s coastal village.
Shinsegae Group aims to develop the outlet into the metropolitan area’s flagship landmark by attracting as many as 7 million tourists a year.
The southwestern part of Gyeonggi Province is emerging as a battlefield for shopping outlets as Lotte is also planning to build its own shopping mall in Uiwang within next year, following one it recently opened in Gwangmyeong, another city within the province.
Shinsegae will open its “Shiheung premium outlet” on April 6 that will mark the group's fourth outlet in Korea following ones it built in Yeoju in 2007, Paju, and Busan. With a floor space of 42,000 square meters, the Shiheung premium outlet will have a parking space that's large enough to accommodate 2,7000 cars.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip