Hyundai Department Store Co. Ltd. acquired The Hyundai Gwangju Co., Ltd for KRW60 billion.

Hyundai Department Store Co Ltd is a Korea-based company principally engaged in the operation of chain department stores. The Company operates its business through two segments. The Department Store segment provides high-end clothing, fashion products and accessories, home furnishings and food through department stores. The Duty-Free Shop segment sells imported and domestic products through downtown duty-free shops and Internet duty-free shops. The Company operates department stores in Mia, Shinchon, Mokdong, Cheonho, Apgujeong and COEX of Seoul, Chungcheong, Daegu, Ulsan Donggu, Ulsan, Busan and other areas, South Korea.