US Appeals Court Keeps Trump’s 10% Global Tariff in Effect During Ongoing Legal Battle 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure 
Gold Prices Slide Toward Second Weekly Loss as Fed Rate Hike Expectations Weigh on Market 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
China Inflation Misses Forecast as Consumer Spending Stays Weak, Producer Prices Surge 
Wizz Air Beats Profit Forecast as Cost Controls Offset Industry Challenges 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
Qualcomm Stock Gains After Jensen Huang Endorsement 
Intesa Sanpaolo Launches €30.6 Billion Bid for Monte dei Paschi to Drive Italian Banking Consolidation 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears 
Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes 
Hyundai Department Store and Shinsegae Group are racing to open the first shopping mall in Gwangju, South Korea's sixth-largest metropolis. Both companies want to have a head start to get the most customers in the southwestern part of the country.
As per The Korea Times, not long after Hyundai Department Store unveiled the blueprint for its shopping mall in the said region, Shinsegae Group did not waste time and also announced its own plan to build an integrated shopping complex that will fuse a hotel and shopping center in the same building.
"We plan to build a future-oriented urban cultural complex like The Hyundai Seoul that represents Gwangju as a landmark, an official of Hyundai Department Store said in a statement. "As soon as our real estate development consultation is completed, the project will begin."
It was reported that the company is currently in talks with a real estate development company - Humans Holdings - for the construction of its mall. The land area is said to be about 310,000 square meters and it is located in the Buk District in Gwangju.
Korea Joongang Daily reported that the land was previously occupied by a textile factory, and in 2020, Humans Holdings bought it for KRW685 billion or $525.5 million when the factory shut down. Gwanju sits in the southwest corner of South Korea is 270 kilometers away from Seoul and is estimated to have a population of around 1.5 million people. While the region is already a city, it still does not have retail infrastructures like the other metropolis in the country such as Busan and Incheon.
On the other hand, Shinsegae also unveiled its plans to open its own mall and business experts predicted that this will be built right next to the Hyundai mall. In 2015, the company already tried to construct a hotel and shopping mall complex here, but the plan was terminated as civic groups, and small business owners opposed the proposal.
An official of the Shinsegae Group said regarding its mall push in the vicinity, "We will combine the group's capabilities to push for the construction of a shopping mall complex in Gwangju. It will contain a wide variety of entertainment facilities and accommodations where people can come to shop, dine out, and lodge."
