Lotte announces plans for multi-complex mall

Home > Business > Industry

print dictionary print

Lotte announces plans for multi-complex mall

Lotte Shopping, the retail arm of Lotte Group, said yesterday it has signed an investment agreement with Gyeonggi and Osan City to build a multi-complex shopping mall called Penta Village in southern Gyeonggi.

A total of 350 billion won will be invested by Lotte Shopping to build a shopping landmark on a 126,000-square-meter (31-acre) site in Busan-dong in Osan City

The retailer said Penta Village will be built based on five themes - shopping, culture, education, children and beauty. The commercial area will house a shopping mall, outlet, cinema, culture center and a children’s theme park. The groundbreaking will be next year, with construction scheduled for completion in 2017. Lotte Shopping said about 2,000 jobs will be created and more than 7 million consumers will visit every year.

More in Industry

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Chaebol heads talk shop at closed-door dinner

Arkana arrives

Low battery

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now