Shinsegae expands Busan foothold with Lotte deal
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Shinsegae Department Store is acquiring rival Lotte Department Store's Centum City branch in Busan, seeking to consolidate its dominance in the city's retail market and transform the district into a major shopping, tourism and entertainment destination. The retailer plans to integrate the Lotte property with its existing Shinsegae Centum City complex to create a sprawling commercial hub dubbed "Shinsegae Town." Opened in 2009, Shinsegae Centum City has become one of Korea's most successful depar
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- https://www.koreaherald.com/article/10919368
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- 29/10/2026 06:21 UTC
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- 29/10/2026 06:39 UTC
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