Retail in Asia


Tesla’s first South Korean dealership to open in November

U.S-based electric vehicle manufacturer Tesla Motors Inc. will open its first South Korean dealership in the nation’s largest complex shopping mall Starfield Hanam run by Shinsegae Group and slated to open in September.

Tesla’s first showroom would be ready to open November, according to retail industry sources Tuesday.

The dealership will be housed on the second floor on a site of 200 square meters and will display three core models. The store is adjacent to a parking lot installed with chargers for electric vehicles lot. Working-level meetings on the terms are under way, the sources said.

SEE ALSO: Tesla hires Chester Chipperfield as Global Creative Director

The company is also considering opening another showroom in Cheongdam-dong in southern Seoul,” another informed source said.

Shinsegae Group reportedly pitched hard to host Tesla store. Talks between another retail giant Lotte fell through.

Starfield Hanam would make the nation’s largest suburban complex shopping mall with 459,498 square meters in total floor area on a site of 117,990 square meters. The shopping mall has a parking lot for 6,200 cars. It officially opens on September 9.

(Source: Pulse)