Shinsegae Group's female executives are truly excellent at management.
The women in this family are incredibly talented executives.
After connecting Shinsegae Mall to the back of the Centum Shinsegae Department Store and growing it to become the 3rd largest in nationwide sales, they saw the influx of foreign tourists to Busan and the massive success of the Busan International Film Festival last year. Now, seeing that, they are starting development for a hotel and offices by incorporating Site C (the parking lot) behind Lotte Department Store. They are literally building a "Shinsegae Town." ㄷㄷ
Even though Shinsegae has been trying to entice them to acquire the Lotte Department Store Centum branch for several years, they refused to buy it. But once they confirmed the momentum in Busan, they acquired it at its lowest point. They say this space will feature many pop-up stores and experiential theme parks, similar to The Hyundai Seoul in Yeouido or Lotte Mall in Jamsil.
It really seems like Shinsegae excels when women are in management.
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