IFC Shopping Mall

Seoul, South Korea


“International Financial Centre (IFC) Seoul” is fully funded and under construction. Located in the heart of the city’s financial district known as Yeouido, the mixed use project is being developed by AIG Global Real Estate in partnership with the Seoul Metropolitan Government. Scheduled to open late 2011, the US $1.5 billion project spans 5.4 million square feet including a 430,000 square feet shopping center. Taubman will provide develop- ment, leasing and management services to the retail component.

The shopping center will connect directly to the three office towers, the five star Conrad Hotel, 2100 parking spaces and a major regional bus terminal. Importantly, there is also direct connection to the bust- ling Yeouido Subway Station which feeds into the entire Seoul Subway network. More than 24 million people live in greater Seoul and the Yeouido district is home to the National Assembly, the Korean Stock Exchange, and numerous other national and international company headquarters.

Anchors
CJ CGV Cinema
Youngpoong Bookstore
International Food Emporium

Seoul, South Korea

Trade Area Demographics*
Population:
Greater Seoul: 24 million people
Yeouido within six mile radius: 6.7 million people
Yeouido within– three mile radius: 2.1 million people
Transient population: 350,000 per day
Yeouido’s Average Household Income: 5.8 million KRW per month
  • Seoul is the capital of South Korea whose GDP is US$220 billion, 22% of Korea’s GDP.
  • Yeouido, 12 miles from downtown Seoul, is connected across the Han River via three bridges.
  • IFC Mall is ~50 minutes from Incheon International Airport.
  • 30% of the world’s population (2 billion), live within a 3 1/2 hour flight to Seoul.
  • The site links directly underground to Subway Line 5, which has the capacity to transport 900,000 people a day, as well as the new Line 9, offering access to 25 stations with a three-track subway providing express service on separate tracks similar to New York.
  • The Seoul Subway carries 6 million people per day.
  • There is a 10-bus terminal adjacent to the center.

International Financial Center (IFC) / Seoul, South Korea,