Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Australian Household Spending Dips in December as RBA Tightens Policy 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Shinsegae confirmed that it will be building a mega shopping mall in Gwanju, and it will be called the "Starfield Gwanju." The company said on Wednesday, Aug. 17, that this would be an integrated mall that will be a first of its kind in the country's southwestern region.
The South Korean department store franchise will also expand its existing department store in the city to build the Gwanju Shinsegae Art & Culture Park. With this project, the company is aiming to make it a landmark shopping center.
According to The Korea Times, Shinsegae sees the place as the perfect site for the integrated shopping mall as it has plenty of space and scenic views. With a lot of available space, the company can set up a number of facilities for various activities and recreations.
The department store giant further revealed that the new mall would have around 300 brand shops, and these will be strategically placed inside the massive shopping center. What's more, the Starfield Gwangju will also have a water park designed for the urban setting.
Visitors can also expect gaming areas, movie houses, and a relaxing park within the mall that will be built within the vicinity of Eodeung Mountain's tourist complex. Once completed, Shinsegae's Starfield Gwanju will surely be grand and will come as a complete package for people who love to shop, dine, play, and enjoy recreational activities
Since there will be an extension of the existing Shinsegae department store Gwanju the company will be using the parking lot located in front of the mall in the city's Seo District. In any case, the company is expecting to create more than 30,000 jobs when the construction of the integrated mall is finished and another 25,000 new jobs when the expansion of the current department store is done.
"We will do our best to finalize creating a construction master plan and go through necessary administrative procedures so we can start construction," Korea Joongang Daily quoted Shinsegae Property's chief executive officer, Im Young Rok, as saying on Wednesday at a press conference.
A company official added, "We will develop Starfield Gwangju as an integrated shopping mall with distinguished content and leisure activities that can make it a touristic landmark in the city."
