– Tubman Company of the US, King Power of Hong Kong, and Shinsegae Co., Ltd, the members of the joint investment company Hanam Union Square Co., Ltd., held a foreign investment agreement and project declaration ceremony at the Westin Chosun Seoul Hotel on September 5^th. Gyeonggi Province Governor Kim Moon-soo, National Assembly Member Moon Hak-jin, and over 100 residents of Hanam took part the event. (GNews Plus)

As the largest shopping complex in the metropolitan area, Hanam Union Square is finally revealing its outlines.

Tubman Company of the US, King Power of Hong Kong, and Shinsegae Co., Ltd. joined together at the the Westin Chosun Seoul Hotel on September 5^th to celebrate the investment agreement and declare the launch of their mammoth project. Gyeonggi Province Governor Kim Moon-soo, National Assembly Member Moon Hak-jin, and over 100 Hanam residents were there to celebrate the signing of the agreement.

Shinsegae Co., Ltd. and King Power Group joined forces to establish Hanam Union Square Co., Ltd. for this project. The company will build a shopping complex covering 330 thousand square meters on a 1,107,000 square meter lot near the Misari Motorboat Racing Park of Shinjang-dong, Hanam City, with a whopping investment of KRW 800 billion. The complex is scheduled to open in 2015.

The complex will consists of department stores, fashion outlets, movie theatres, exhibition halls, performance halls, and other cultural facilities, and will provide full-time employment for over 7,000 people.

Gyeonggi Province played a major role in realizing the construction of the largest shopping complex in Hanam. The district’s development was crippled by overcrowding restrictions, development restrictions, and protected water sources. The local government had long fought for the easing of these unreasonable restrictions, thus making Hanam Union Square a reality.

Governor Kim was also keen to secure investors. When he visited China and the Philippines on the 5^th of August, he met King Power Group Chairman Antares Cheng, and then met Heo In-cheol of Shinsegae Co., Ltd., and Hanam Mayor Lee Kyo-bum to sign investment agreements for Hanam Union Square.

With this as its foundation, Hanam Union Square Co., Ltd. finalized the land support agreement on the last day of August and announced the project schedule on the day of the celebration.