This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Busan Premium Outlets Grand Opens August 29, 2013 - Shinsegae Simon's Third Premium Outlet Center In South Korea

Stocks in this article: SPG

BUSAN, South Korea, Aug. 29, 2013 /PRNewswire/ -- Shinsegae Simon, a joint-venture between Shinsegae Group and Simon Property Group, Inc. (NYSE: SPG), announced today that it has opened Busan Premium Outlets, its third Premium Outlet Center in South Korea. 

Building on the success of the Yeoju and Paju Premium Outlets near Seoul, Busan Premium Outlets is located on the southeastern tip of the Korean Peninsula and features 180 outlet stores offering every day savings of 25% to 65%, with a distinctive architectural design inspired by the Tuscany region of Italy.

The center's designer and name brand stores feature a mix of high-end fashion brands including Coach, Ermenegildo Zegna, Isabel Marant, Jill Stuart, Marc Jacobs, Roberto Cavalli and Vivienne Westwood as well as many casual lifestyle, sportswear and home fashion brands including Adidas, Calvin Klein, Coleman, DKNY, Lacoste, Le Creuset, Puma Golf, The North Face and Theory.  Shopper amenities include a food court with a beautiful view of the entire center and a safari-themed play area.

"We are pleased to bring another Premium Outlet Center to the Korean Peninsula.  Busan Premium Outlets will uniquely serve area residents and visitors, offering high-quality brands at great savings in an upscale environment," said John R. Klein, President of Simon's Premium Outlets division. "This project also created hundreds of new jobs and brings significant economic development to the area."

Busan Premium Outlets has 343,000 square feet of retail space, and the total investment for the project was US$148 million.

The center is located 21km north of downtown Busan, the second largest city in Korea, and is easily accessible via the Jangan IC and Busan-Ulsan Expressway. Busan Premium Outlets is just a 30 minute drive from Haeundae Beach Resort, the largest beach resort in Korea, which welcomes 20 million visitors annually.

To celebrate its much anticipated opening, Busan Premium Outlets will host an extended "Grand Opening Celebration" from August 29 to September 19. Nearly 100 stores will participate in the event during which customers will enjoy extra savings, in-store promotions, musical performances and a lucky draw event featuring prizes including a BMW Mini [Cooper], designer handbags and shopping sprees.

For more information on the grand opening of Busan Premium Outlets, visit

About Simon Property Group

Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and a global leader in the retail real estate industry.  The Company currently owns or has an interest in 327 retail real estate properties in North America and Asia comprising 241 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S.  For more information, visit the Simon Property Group website at

About Premium Outlets®

Simon's Premium Outlets® portfolio features 81 Premium Outlet Centers® including 66 in the United States, one in Puerto Rico, nine in Japan, three in South Korea, and one each in Canada, Malaysia and Mexico. Premium Outlets® is a portfolio of outlet shopping centers which brings together the finest brands in unique outdoor settings and offers impressive savings of 25 to 65 percent every day. Each center is a shopping attraction and destination that offers:

  • Factory direct savings of 25% to 65% every day.
  • A distinctive, upscale store mix of leading designers and quality name brands.
  • A location that is easily accessible and near other attractions.
  • An attractive setting to make shopping an exciting and pleasant experience for the whole family.

Premium Outlets® and Premium Outlet Shopping® are registered trademarks of Simon Property Group, Inc.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs