Governor Nam explains achievements of US visit at Korean American Grassroots Conference and holds talks with key politicians asking for cooperation with Gyeonggi Province 

◇ A Gyeonggi delegation headed by Governor Nam Kyung-pil visited the US and signed an investment MOU for a premium outlet,with Uijeongbu City Mayor Ahn Byung-yong, Simon Property Group CEO Mark Silvestri, and Shinsegae Simon CEO Kang Myung-Koo at the Palace Hotel in Manhattan, New York, on July 25. ⓒ Gyeonggi G-News

With an investment of at least USD 100 million, a premium outlet will be established on a 150,000㎡ site located 15 minutes away from northern Seoul in Sangok-dong of Uijeongbu City, Gyeonggi Province.

A Gyeonggi delegation headed by Governor Nam Gyung-Pil visited to US and signed an investment MOU for a premium outlet with Uijeongbu City Mayor Ahn Byung-yong, Simon Property Group CEO Mark Silvestri, Shinsegae Simon CEO Kang Myung-Koo, and  Gyeonggi Provincial Assembly Members Choi Ji-yong and Cho Kwang-ju at the Palace Hotel in Manhattan, New York, on July 25.

Shinsegae Simon is a joint venture between the Shinsegae Group of Korea and the Simon Property Group of the US that operates world-renowned premium outlets. The joint venture agreed to invest at least USD 100 million in the construction of a premium outlet in Uijeongbu City, its 4th outlet in Gyeonggi Province following those in Yeoju, Paju and Siheung, and the second largest following Yeoju Premium Outlet.   

Plans for the outlet will be completed by December of 2018. It is expected that the outlet will create 1,000 new jobs directly as well as 3,000 new jobs indirectly, and that it will contribute significantly to the vitalization of the northern regions of Gyeonggi Province through the attraction of 4 to 5 million visitors annually.

“Just as the premium outlets in Yeoju and Paju have succeeded through the joint venture of Shinsegae and Simon, the Uijeongbu Premium Outlet will be another exemplary case of job creation for local residents.” said Choi Hyun-deok, Assistant Governor for Economy and Investment of Gyeonggi Province during his greeting remarks that day, He added, “The Gyeonggi Provincial Government will make every effort to provide full administrative support, and I am confident that Shinsegae Simon will also honor its commitment to hire local residents and pursue win-win growth with local small businesses and traditional markets.”

Simon Property Group CEO Mark Silvestri said “The Uijeongbu Premium Outlet will create new jobs for the citizens of Uijeongbu City and contribute to the vitalization of tourism just as the premium outlets in Yeoju and Paju grew into leading shopping and tourism complexes while creating many jobs.”  

“I expect that the outlet will contribute greatly to job creation for local residents, the vitalization of the local economy, and the attraction of foreign visitors,” said Uijeongbu City Mayor Ahn Byung-yong. He added, “Simon Property, Shinsegae Simon, Gyeonggi Province, and Uijeongbu City will closely cooperate to achieve win-win results.” 

Shinsegae Simon CEO Kang Myung-Koo stated his ambition for the outlet, saying, “It will be a true suburban-style premium outlet suited to the beautiful natural scenery of the northeastern region of Gyeonggi Province, The development know-how of the Simon Property Group and the marketing ability of Shinsegae will combine to create a world-renowned tourist attraction in Uijeongbu City.”

The premium outlets jointly opened by Shinsegae and Sinsegae Simon in Yeoju and Paju in 2007 and 2011, respectively, have been contributing to the vitalization of the regional economies and job creation for local residents through the attraction of over five million tourists annually.

ⓒ Gyeonggi G-News | Park Kwan-Shik malbut@kg21.net

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