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.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip