AK Plaza

AK PLAZA
Native name
 AK플라자
Formerly called
 Aekyung Department Store (Guro), Samsung Plaza (Bundang)
Subsidiary
Industry Retail
Founded Guro District, Seoul, South Korea September 10, 1993 (1993-09-10)[1]
Founder Chah, Hyung-suk (채형석)
Number of locations
 5 stores
Area served
 South Korea
Key people
 Seo, Guang-jun (서광준) (CEO)
Parent Aekyung Group (애경그룹)
An AK Plaza department store located in Bundang-gu

AK Plaza (Hangul: AK플라자) 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 on March 1991 in Guro District, Seoul.[2] The store opened on September 10, 1993 as the Aekyung Department Store.[1] The store had five basement floors and seven aboveground floors, with a total cost of 120 billion won (120 million US dollars).[1] 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]

On 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.[3]

Developments

In December 2009, the AK store in Incheon International Airport became a Lotte Department Store via a takeover.[13]

Stores

References

  1. 1 2 3 "애경백화점 10일 개점" [Aekyung Department Store opens on the 10th]. Yonhap (in Korean). Naver Corporation. September 9, 1993. Retrieved August 19, 2014.
  2. ↑ Bak (박), Chul-gun (철근) (August 24, 2009). "[컴패니줌업] AK플라자, BI 변경으로 재도약" [[Company Zoom-up] Ak Plaza, New Takeoff with BI Change] (in Korean). Retrieved August 19, 2014.
  3. 1 2 "애경유통 현황" [Aekyung Distribution Business Current State] (in Korean). AK Members. Retrieved August 20, 2014.
  4. ↑ Lee (이), Jae-wung (재웅) (March 28, 2001). "애경그룹, 면세점사업 진출" [Aekyung Group, Goes into Duty-free Shop Business]. Yonhap (in Korean). Naver Corporation. Retrieved August 20, 2014.
  5. ↑ "애경 수원점 영업" [Aekyung Suwon Branch Operation]. Maeil Broadcasting Network (in Korean). Naver Corporation. February 14, 2014. Retrieved August 20, 2014.
  6. ↑ "AK플라자 분당점" [AK Plaza, Bundang Branch] (in Korean). Academy of Korean Studies. 2009. Retrieved August 19, 2014.
  7. ↑ Kim (김), JongHyun (종현) (November 3, 1997). "<약수터> 삼성플라자'개점매출 일단 성공'" [<Spring> Samsung Plaza 'Opening Day Income Success for Now'] (in Korean). Yonhap. Retrieved August 19, 2014.
  8. ↑ Im (임), MiNah (미나) (February 2, 2009). "애경百.삼성플라자 `AK플라자'로 통합" [Aekyung Department store. Samsung Plaza, integrated as 'AK Plaza'] (in Korean). Yonhap. Retrieved August 19, 2014.
  9. ↑ Song (송), YoungTak (영택) (March 2, 2009). "애경 유통부문, AK플라자 변경 기념행사" [Aekyung intermediary business, celebratory festival on changing to AK Plaza] (in Korean). (주)이비뉴스 Co.,Ltd. Retrieved August 19, 2014.
  10. ↑ "AK플라자 4호 평택점 문 열어" [AK Plaza number 4 in Pyeongtaek open]. Yonhap (in Korean). Naver Corporation. April 24, 2009. Retrieved August 21, 2014.
  11. ↑ Bak (박), Eun-seung (은성) (April 8, 2012). "AK플라자 개점승인 원주시장 소환" [AK Plaza Approval for Opening Summons the Wonju Mayor]. Hankook Ilbo (in Korean). Naver Corporation. Retrieved August 21, 2014.
  12. ↑ Ko (고), Byung-soo (병수) (April 6, 2012). "AK플라자 '원주점' 6일 문열어" [AK Plaza 'Wonju branch' opened on 6th] (in Korean). Retrieved August 21, 2014.
  13. ↑ Kim (김), Jung-tae (정태) (July 22, 2010). "롯데호텔 '면세점 싸움' 신라에 판정승" [Lotte Hotel 'Duty-free shop fight' declared winner to Sila] (in Korean). MONEYTODAY. Retrieved August 25, 2014.

External links


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