Business · Companies · 3 hrs ago
Shinsegae's Songdo complex moves into permitting 11 years after agreement
Shinsegae's Songdo development is moving into formal permitting 11 years after the group signed an investment agreement with Incheon.
The company has applied to build four mixed-use towers of up to 49 floors on a 59,730-square-metre site near Incheon University Station in South Korea.
The plan includes a shopping mall, a hotel and officetels, a type of residential building.
On November 10, the Incheon Free Economic Zone Authority's design review committee is due to assess whether the buildings fit the city's design.
The review is an early step toward advancing the long-delayed project, and the authority says it will focus on the site's effect on Songdo's image.
A hotel currently operating on the site has announced it will close after December 31.
Shinsegae has said it is seeking advice on the development plan and hopes to complete construction by the time the GTX-B rail line opens.
Shinsegae Group’s Songdo complex development is moving into formal permitting 11 years after an investment agreement with Incheon.
A design review by the Incheon Free Economic Zone Authority is scheduled for Nov. 10.
The company has applied to build four buildings, up to 49 floors, combining a shopping mall, hotel and officetels.
The project site covers 59,730 square metres near Incheon National University Station on Incheon Subway Line 1.
A hotel operating on the site has announced it will close after Dec. 31.
- Who
- Incheon Shinsegae, a Shinsegae Group affiliate, is pursuing the development.
- What
- A four-building complex combining a shopping mall, hotel and officetels is entering formal permitting.
- When
- The permitting process is moving forward 11 years after a 2015 investment agreement. A design review is scheduled for Nov. 10, 2026.
- Where
- On a 59,730-square-metre site near Incheon National University Station in Songdo, Incheon.
- Why
- Not stated
This story does not have two clearly opposing sides.
Shinsegae Group signed an investment agreement with Incheon.
The Incheon Free Economic Zone Authority said the project would proceed into formal permitting.
Incheon Shinsegae is scheduled to undergo a design review by the authority's landscape committee.
A hotel operating on the site has announced it will end business.
- Investment agreement
- Signed in 2015
- Site area
- 59,730 square metres
- Planned buildings
- Four, up to 49 floors
- Location
- Near Incheon National University Station, Songdo
- Design review
- Scheduled for Nov. 10, 2026
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What people are saying
As this project is being pursued in central Songdo, adjacent to the GTX station, we plan to focus our review on whether the design can enhance the city's image.