Shinsegae Chosun Hotel to Launch Chosun Palace Seoul Gangnam Luxury Collection Hotel in Central Seoul.

Luxury hotels business in South Korea has got a boost with this positive news.

Apparently, the hotel unit of Sinsegae Group has planned to launch Chosun Palace Seoul Gangnam Luxury Collection Hotel in April 2021. This grand new luxury hotel in Gangnam district, central Seoul would be constructed in place of Renaissance Hotel.

The Chosun Palace is Sinsegae Group's ultra-luxury brand. The Chosun Palace Seoul Gangnam Luxury Collection Hotel will have more than 250 luxury rooms and will captivate businessmen, travelers, luxury vacation clientele from across this highly busy location.
As a matter of fact, this South Korean company has inked a contract with Kohlberg Kravis Roberts (KKR) & Co., an American company this year and it is an understanding for almost a 2 decade long period. The contract consists of an equity investment and will help the company operate the five-star hotel and other commercial properties.

Shinsegae Chosun will also launch Gravity Seoul Pangyo Autograph Collection in Seongnam, Geyonggi Province at the end of this year.