Two people are dead, and three people are hospitalized after a shooting in the Koreatown area of Carrollton on Tuesday morning, police said.

During a news conference Tuesday afternoon, Carrollton Police Chief Roberto Arredondo confirmed the suspect, 69-year-old Seung Han Ho, was arrested in connection with the shooting. 

Arredondo said just before 10 a.m., officers responded to the shooting at the K Towne Plaza in the 4000 block of Highway 121. 

CBS Texas Chopper captured the large law enforcement response involving multiple agencies, including Carrollton Police and DPS. 

When officers arrived, they found five victims -- two were pronounced dead, and three were transported to the hospital in unknown conditions. Their names haven't been released. 

Arredondo said the incident began as a business meeting and the crime was "not a random act." He said undercover officers located Han Ho's vehicle and, when they tried to make contact, a short foot pursuit began. Han Ho was arrested in the area of 2625 Old Denton Road. 

At this time, his charges haven't been revealed. The investigation is ongoing. 

This is a developing story. We'll update as more information becomes available.