AK Plaza explained

AK PLAZA
Native Name:AK플라자
Native Name Lang:ko
Former Name:Aekyung Department Store (Guro), Samsung Plaza (Bundang)
Type:Subsidiary
Industry:Retail
Foundation:Guro District, Seoul, South Korea [1]
Founder:Chah, Hyung-suk (채형석)
Locations:5 stores
Area Served:South Korea
Key People:Seo, Guang-jun (서광준) (CEO)
Parent:Aekyung Group (애경그룹)

AK Plaza is a South Korean department store franchise owned by the Aekyung Industrial Co. Ltd.

History

Hyung-suk Chah (채형석) began construction of the first department store in March 1991 in Guro District, Seoul.[2] The store opened on September 10, 1993, as the Aekyung Department Store. The store had five basement floors and seven aboveground floors, with a total cost of 120 billion won (120 million US dollars). The success of the Guro store was allegedly used as the basis for opening other branches.[3]

In July 2000, Aekyung Group was chosen to open a store in Incheon International Airport after Hotel Shilla gave up its subcontractor rights. The store was opened on March 29, 2001, as the 'AK Duty Free.' It was the first AK duty-free shop.[4] The Aekyung Group opened an Aekyung Department Store branch in Suwon on February 14, 2003. The store had one basement floor and six aboveground floors. It was the biggest civilian construction in South Korea at that time.[5]

In March 2007, the Aekyung Group took over ₩470 billion's ($461,596,000) worth of intermediary business from Samsung C&T Corporation, including the Samsung Plaza, the first department store in Bundang-gu[6] which had opened on November 1, 1997.[7]

On February 3, 2009, the Aekyung Group announced it will change its brand image to AK Plaza.[8] The logo of Aekyung Department Store, Samsung Plaza, and the online site was changed AK Plaza on March 2.[9]

The Pyeongtaek branch was opened on April 24, 2009, as the fourth store.[10] The Wonju branch was opened on April 6, 2012,[11] with 5 basement stories and 7 above ground stories,[12] though the company website claims it was opened on March 6.

Stores

Notes and References

  1. News: 애경백화점 10일 개점 . . . September 9, 1993 . August 19, 2014 . Korean . Aekyung Department Store opens on the 10th.
  2. News: Bak (박) . Chul-gun (철근) . [컴패니줌업] AK플라자, BI 변경으로 재도약 ]. August 24, 2009 . August 19, 2014 . Korean . [Company Zoom-up] Ak Plaza, New Takeoff with BI Change.
  3. Web site: 애경유통 현황 . AK Members . August 20, 2014 . Korean . Aekyung Distribution Business Current State.
  4. News: Lee (이) . Jae-wung (재웅) . 애경그룹, 면세점사업 진출 . . . March 28, 2001 . August 20, 2014 . Korean . Aekyung Group, Goes into Duty-free Shop Business.
  5. News: 애경 수원점 영업 . . . February 14, 2014 . August 20, 2014 . Korean . Aekyung Suwon Branch Operation.
  6. Web site: AK플라자 분당점 . . 2009 . August 19, 2014 . Korean . AK Plaza, Bundang Branch.
  7. News: Kim (김) . JongHyun (종현) . <약수터> 삼성플라자‘개점매출 일단 성공’ . . November 3, 1997 . August 19, 2014 . Korean . Samsung Plaza 'Opening Day Income Success for Now'.
  8. News: 애경百.삼성플라자 `AK플라자'로 통합. Im (임). MiNah (미나). February 2, 2009. Yonhap. Korean. August 19, 2014. Aekyung Department store. Samsung Plaza, integrated as 'AK Plaza'.
  9. News: Song (송) . YoungTak (영택) . 애경 유통부문, AK플라자 변경 기념행사 . (주)이비뉴스 Co., Ltd . March 2, 2009 . August 19, 2014 . Korean . Aekyung intermediary business, celebratory festival on changing to AK Plaza.
  10. News: AK플라자 4호 평택점 문 열어 . . . April 24, 2009 . August 21, 2014 . Korean . AK Plaza number 4 in Pyeongtaek open.
  11. News: Bak (박) . Eun-seung (은성) . AK플라자 개점승인 원주시장 소환 . . . April 8, 2012 . August 21, 2014 . Korean . AK Plaza Approval for Opening Summons the Wonju Mayor.
  12. News: Ko (고) . Byung-soo (병수) . AK플라자 '원주점' 6일 문열어 . April 6, 2012 . August 21, 2014 . Korean . AK Plaza 'Wonju branch' opened on 6th.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "AK Plaza".

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