Cebu City plans to declare an annual Korean Day to recognize the Korean tourists and settlers in the Queen City of the Philippines.

The City Council is mulling to set every first Saturday of October as Korean Day for Cebu City’s Korean community to celebrate their culture, customs and traditions to foster appreciation and good will.

With the Korean cultural wave, elations between Koreans and Cebuanos/Filipinos are further cemented through the years.

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By 2014, a shopping mall, costing over PhP4 billion(USD103 million), will rise at the city-owned reclaimed property, South Road Properties, Cebu, Philippines.

Building the mall is retail giant SM Prime Holdings. The P4.5-billion shopping mall would be the fourth biggest among the SM malls in the Philippines, next to SM North Edsa, SM Mall of Asia in Pasay City and SM Megamall in Mandaluyong City.

The new four-level mall will feature a five-theater Cineplex, an iMAX theatre, 18-lane bowling center, ice skating rink near the food court and a roof garden. The shopping mall is part of the 30-hectare mixed use development project of SM Prime called SM Seaside City, which broke ground last week.

The Philippines has so much future growth. The retail industry is still going to be strong. The shopping mall is scheduled for completion by the second quarter of 2013.


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