Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
United Airlines Posts Record Q4 Revenue as Premium Demand Lifts Earnings 
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
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."
