Hyundai Department Store Group History

BEGINNING
GROWTH
CHALLENGE
CHANGE
TODAY

Foundation and Development of
the Distribution Business

Beginning

1971~1984

1971: 06.15 Established Keumgang
Development Industries Co., Ltd
1973: 06 Developed the catering
business sector
1974: 04.17 Chung Mong-keun becomes CEO

Foundation and Development of
the Distribution Business

Beginning

1971~1984

1977: 07.20 Ulsan Center and Hyundai
Shopping Center open
(currently Hyundai Department Store Ulsan Dong-gu)
1979: 04.03 Keumgang Shopping Center opens
in Apgujeong-dong, Seoul

Birth and Growth of
the Hyundai Department Store

Growth

1985~2000

1985: 12.01 Hyundai Department Store
Apgujeong opens
(main store with the first POS system
in the industry and a cultural center)
1987: 02.01 Chung Mong-keun
becomes Chairman

Birth and Growth of
the Hyundai Department Store

Growth

1985~2000

1988: 09.03 Hyundai Department Store
Trade Center opens
1989: 06 Initial Public Offering (IPO)
1995: 08.26 Hyundai Department Store
Busan opens
1997: 08.22 Hyundai Department Store
Cheonho opens
1998: 03.17 Hyundai Department Store
Ulsan opens; 09.01 Hyundai Department Store
Sinchon opens
1999: 04 Hyundai Department Store
splits off from the Hyundai Group; 12 Established Hyundai G-Net
Co., Ltd. (school meal business)
2000: 04.01 Name change: Keumgang Development Industries Co., Ltd.
Hyundai Department Store Co., Ltd.

Specialization and Diversification of
Distribution Business

Challenge

2001~2009

2001: 05 Established Hyundai Home
Shopping Co., Ltd.; 08.31 Hyundai Department Store Mia opens
2002: 08.30 Hyundai Department Store
Mokdong opens; 08 Established HCN
(acquired Seocho Cable TV Co., Ltd. and other 7 SO companies); 11 Spin-off of non-department store businesses →Hyundai Department Store Co., Ltd. and Hyundai H&S Co., Ltd; 12.18 Jung Ji-sun becomes Vice
Chairman (Group Head)

Specialization and Diversification of
Distribution Business

Challenge

2001~2009

2003: 08.22 Hyundai Department Store
Jungdong opens
2006: 04 Spin-off of Hyundai H&S and Hyundai Dream Tour; 07 Established the Social Welfare Foundation of Hyundai Department Store
2007: 10 Hyundai Home Shopping opens “Digitalplex,” the first company building in Korea dedicated to the home shopping business

Specialization and Diversification of
Distribution Business

Challenge

2001~2009

12.18 Jung Ji-sun becomes Chairman
2009: 08.21 U-PLEX Sinchon (1st store) opens

Leap Forward a Comprehensive Lifestyle
and Culture Group

Change

2010~2015

2010: 06.15 VISION 2020 declaration ceremony; 07.01 Launched
Hyundai Green Food Co., Ltd.; 08.26 Hyundai Department Store
KINTEX opens
2011: 08.19 Hyundai Department Store
Daegu opens; 12.02 Jung Kyo-sun
becomes Vice Chairman

Leap Forward a Comprehensive Lifestyle
and Culture Group

Change

2010~2015

12.14 Hyundai Department Store Group founds its own archery team Hyundai H&S Co., Ltd.
establishes a Chinese corporation
(Hyundai Huisang Trading)
2012: 02.01 Acquired Livart Co., Ltd.; 03.02 Acquired Handsome Co., Ltd.; 08.24 Hyundai Department Store
Chungcheong open
2013: 12.01 Hyundai Green Food takes over C&S Food System Co., Ltd.
2014: 05.02 Hyundai City Outlet Gasan opens; 10.19 Hyundai Green Food
signs a sole distribution
agreement with the Italian
grocerant Eataly

Leap Forward a Comprehensive Lifestyle
and Culture Group

Change

2010~2015

2015: 02.27 Hyundai Premium Outlet
Gimpo opens; 04.17 Established the Hyundai Rental Care Co., Ltd. corporation; 05.20 Hyundai Department Store
D-CUBE City opens; 08.21 Hyundai Department Store
Pangyo opens
(Hyundai Children’s Book Museum opens); 12.01 Acquired Everdigm Co., Ltd.

Fresh Challenges of
Today for the Future

TODAY

2016~2021

2016: 01.15 Hyundai Department Store opens thehyundai.com; 02 Hyundai Green Food begins a canteen service business in Mexico; 03.11 Hyundai City Outlet
Dongdaemun opens; 03 Hyundai Rental Care launches QUMING; 04.29 Hyundai Premium Outlet Songdo opens; 08.31 Established Hyundai Department Store Duty Free Co., Ltd.

Fresh Challenges of
Today for the Future

TODAY

2016~2021

12 Hyundai Department Store Duty Free Co., Ltd. Is selected as a duty-free outlet in Seoul Established Handsome Global Co., Ltd. and Hyundai G&F Co., Ltd.
2017: 02 Acquired SK Networks’ fashion business; 05 Hyundai City Mall Outlet Garden Five opens; 08.10 Hyundai Department Store Group launches the integrated membership H.Point; 12 Merged Hyundai Livart and Hyundai H&S
2018: 07.05 Hyundai Green Food Co., Ltd.
splits from Hyundai IT&E Co., Ltd., creating Hyundai IT&E; 09.14 Hyundai City Outlet Daegu opens; 11.01 Hyundai Department Store
Duty Free Trade Center (1st store) opens; 12 Acquired Hanwha L&C
2019: 01.01 Hyundai Dream Tour begins a selective welfare business; 01.28 Hyundai Green Food launches Texas Roadhouse; 05 Handsome opens
the Handsome Haus Gwangju; 10.01 Handsome Co., Ltd. takes over Hyundai G&F Co., Ltd Hyundai HCN Co., Ltd. takes over Hyundai HCN Seocho Cable Co., Ltd.
2020: 01 Handsome opens the Handsome Haus Jeju; 02.20 Hyundai Department Store Duty Free opens the 2nd Dongdaemun shop; 03.04 Hyundai Green Food begins operating a Smart Food Center

Fresh Challenges of
Today for the Future

TODAY

2016~2021

03.17 Hyundai Green Food launches the tailored care food brand Greating; 05 Acquired Handsome Co., Ltd. and Cleangen Cosmeceuticals Co., Ltd.; 06.26 Hyundai Premium Outlet Daejeon opens; 07.22 Hyundai Department Store launches Hyundai Supermarket To Home; 09.01 Hyundai Department Store
Duty Free opens the 3rd Incheon International Airport shop; 10.06 Acquired SK Bioland Co., Ltd.
(name changed to Hyundai Bioland Co., Ltd.); 11.04 Hyundai Premium Outlet
SPACE 1 opens Hyundai Children’s Book Museum
Space 1 opens Split-off of Hyundai HCN
→Launched Hyundai Futurenet
2021: 01.15 Acquired Ezwel Co., Ltd.

Fresh Challenges of
Today for the Future

TODAY

2016~2021

02.26 Hyundai Department Store opens
The Hyundai Seoul
2022: 05.25 Acquired ZINUS Co., Ltd.

HYUNDAI DEPARTMENT STORE GROUP

About

Beginning

Beginning

Growth

Growth

Challenge

Challenge

Challenge

Change

Change

Change

TODAY

TODAY

TODAY

TODAY