Shinsegae Group Builds First Aman Hotel in Seoul

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Shinsegae Property to construct luxury hotel, residences in Cheongdam-dong, set for 2030 completion

[By Lee Young-kwan](https://www.chosun.com/english/people/lee-youngkwan/)

Published 2026.09.03. 00:33Updated 2026.09.03. 10:44


Expected interior image of the 'Aman Seoul' Residence in Cheongdam-dong, Gangnam-gu, Seoul. /Courtesy of Shinsegae Property

Shinsegae Group has partnered with global hotel brand Aman, Aman to build ‘Aman Seoul’ in Seoul. Founded in 1988, Aman operates luxury hotels, resorts, and residences in 21 cities worldwide, with accommodation rates exceeding 2 million Korean won per night.

On the 2nd, Shinsegae Group’s real estate subsidiary, Shinsegae Property, announced that it will construct Aman Seoul in Cheongdam-dong, Gangnam-gu, Seoul, spanning eight basement floors and 38 above-ground floors. The total floor area is approximately 70,000 square meters. Construction began last April, with a target completion date of late 2030. This will be the first time an Aman hotel opens in the country.

After construction is completed, Aman will operate the hotel and other key facilities under a long-term management contract. Aman Seoul will feature a hotel, residences, and the ‘Aman Club,’ a members-only community space. The Aman Club will include a swimming pool, fitness center, lounge, and other amenities.

Shinsegae Group plans to expand its collaboration with Aman in the luxury hotel business. In July, Shinsegae Group agreed to establish a joint venture (JV) with Oco Group, an affiliate of Aman Group. The two companies will invest an initial 500 million dollars (approximately 680 billion Korean won) in the joint venture to develop hotel and residence projects.

Shinsegae Group Chairman Chung Yong-jin stated, "Aman Seoul will be more than just a hotel development; it will set a new milestone in Seoul’s high-end lifestyle," adding, "We will continue to create innovative spatial value based on our differentiated space development capabilities."

Aman Group Chairman Vlad Doronin said, "Aman Seoul embodies Aman’s confidence in Seoul’s future and our vision to establish a new hub for the Aman lifestyle in the city."

[Shinsegae Group](https://www.chosun.com/english/nsearch/?query=Shinsegae%20Group&siteid=&sort=1&date_period=all&writer=&field=&emd_word=&expt_word=&opt_chk=false&app_check=0&website=www,chosun) [Aman Seoul](https://www.chosun.com/english/nsearch/?query=Aman%20Seoul&siteid=&sort=1&date_period=all&writer=&field=&emd_word=&expt_word=&opt_chk=false&app_check=0&website=www,chosun)

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