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Landmark shopping mall opened by Lotte



The Lotte Group, a retail giant based in South Korea, is set to open the nation’s biggest shopping mall, Lotte World Mall, in the Jamsil region of southern Seou.
A president of the group said he was very pleased to see the first step being taken in the company’s dream of building a global landmark in Korea. 

Presently, Lotte’s attention is focused on completing the mall on time and in promoting this large shopping center.

According to the Lotte Group, the mall offers a variety of shopping and entertainment opportunities that has not been seen across Asia.
Some of the facilities include a top-end department store carrying luxury goods, a movie theatre with the world’s widest screen and the third-largest duty free store globally.  Language support and other services for foreign visitors will be available as the owners are expecting many visitors from China.

It is estimated that the mall will accumulate annual sales of around US$1.5 trillion and 6000 new jobs will be created. More than 960 luxury brands will be sold in the new mall. 

This may all sound very exciting, but controversy surrounds the building as regards safety and traffic congestion.  Jamsil is one of the largest residential districts in southern Seoul and has suffered from intense traffic congestion, which could be worsened by the opening of a new mall.

In a bid to relieve this problem, Lotte World Mall has been forced by Seoul City to offer parking spaces only to those who make advance bookings, but this will cause immense inconvenience to shoppers.

The group is prepared to work closely with the city officers to improve the traffic flow and limit any inconvenience to visitors.

More about shopping malls in South Korea



Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
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