Gwangmyeong invited large retailers such as Costco and IKEA to revitalize the KTX Gwangmyeong Station area. Costco first opened on December 15, 2012. Afterwards, IKEA opened its first store in Korea in 2014, and later Lotte Mall and AK PLAZA began operations. Gwangmyeong limited Gwangmyeong Costco's closing time to 9 p.m. This restriction was implemented for the first time in Korea in accordance with a win-win agreement between large retailers and local small businesses. In addition, IKEA backed away from the company's policy of selling only 100% of its own products and set up a joint exhibition hall measuring 350 pyeong for IKEA's internal furniture distribution cooperative. In addition, IKEA also supported the construction of a health promotion center on Furniture Culture Street as a social contribution project. In addition, Lotte Mall promoted a social contribution project to build a 30-pyeong parking lot near Gwangmyeong Fashion Culture Street, and AK PLAZA supported facility improvement and marketing training for traditional markets and small and medium-sized merchants.
Gwangmyeong received favorable reviews for turning a crisis into an opportunity through active mediation between large corporations and small and medium-sized enterprises. Bold support for small retail merchants; We have created a historic win-win model for the Korean distribution industry. Gwangmyeong received favorable reviews for turning a crisis into an opportunity through active mediation between large retailers and small and medium-sized businesses and bold support for small business owners. We have created a historic win-win model for the Korean distribution industry. Gwangmyeong received favorable reviews for turning a crisis into an opportunity through active mediation between large retailers and small and medium-sized businesses and bold support for small business owners. We have created a historic win-win model for the Korean distribution industry. .