| 1st Generation | • Urban center monopolized commercial supremacy• Lease-oriented operation• Department store consignment operation method | Lotte World(1989)Central City(2000)Coex Mall(2000) |
| 1989∼late 1990s |
| The emergence of large malls |
| 2nd Generation | • Retail space for sale• Focused on maximizing Floor area ratio & selling retail space• Nationwide vacancy in retail spaces | Migliore(1998)Techno Mart(1998)MiglioreMyeongdong, Busan,Daegu, Suwon |
| 1998~mid 2000s |
| The emergence of specialized buildings (Vertical complex sales mall) |
| 3rd Generation | • Affiliated with Railroad Administrations business diversification• Absence of retail developing agency• Difficulties in lease sale• Lack of MD & difficulty in management | AK Suwon Station(2003)I-Park Mall(2004)MiglioreShinchon(2006)WangsimniStation(2007) |
| 2003~2009 |
| The emergence of metro-integrated mall (Redevelopment of metro area) |
| 4th Generation | • Wide-area type retailer• Retail space for lease• Efficiency in structuring retail space due to global SPA MD & megahit stores | Centum CityBusan(2009)Time Square(2009)D-cube City(2011)LottemallGimpo(2011) |
| 2009~2015 |
| The emergence of urban center mall |
| 5th Generation | • Introduction of retail specialist PM• Suburban type entertainment center• Composite of megahit stores• Role of contents provider | StafieldHanam(2016)StarfieldGoyang(2017) |
| 2016~ |
| The emergence of entertainment mall |
| 6th Generation* | • Pursuit of friendly scale space such as an alley or town-type• Pursuit of diversity and specificity of contents targeting various visiting classes• Emphasis on community integration | Pangyo AlphadomCity(2018),AlleywayGwanggyo (2019) |
| 2019~ |
| The emergence of lifestyle mall |