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Large Distribution Companies

Gwangmyeong invited large distribution companies such as Costco and IKEA, etc. to revitalize KTX Gwangmyeong Station area. Costco first entered on December 15th, 2012; after that, IKEA opened its first store in Korea in 2014, then Lotte Premium Outlet started business. Gwangmyeong restricted closing time of Gwangmyeong Costco to 9 p.m. The restriction was for the first time in Korea under the win-win agreement between large distribution companies and small local businesses. Also, IKEA stepped back from its company policy that it only sells 100 % of its own products and offered a joint exhibition shop with 350 pyeong (1,157m2) for Furniture Distribution Cooperative Association inside of IKEA. In addition, IKEA is planning to support to establishing a health promotion center on Furniture Culture Street as a social contribution project. Moreover, Lottee Premium Outlet has promoted a social contribution project to build a parking lot with 30 pyeong (99m2 )nearby Gwangmyeong Fashion Cultural Street.Gwangmyeong received a favorable evaluation that Gwangmyeong turned the crisis into the opportunity with active mediation between large distribution companies and small businesses and with drastic support for small retail merchants; it created a historic win-win model in distribution industry of Korea.

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Costco
Location : 40, Iljik-ro, Gwangmyeong-si (Iljik-dong)
Building Scale : Five stories above ground and one underground level
Classification Site Area Business Site Area Retail Area
Area(㎡) 25,407 14,939 13,736
Number of Employee : 597 (Headquarter Employees : 184, Store Employees : 413)
Business Hours : 8 a.m. ∼ 9 p.m.
IKEA
Location : 17, Iljik-ro, Gwangmyeong-si (Iljik-dong)
Building Scale : Four stories above ground and two underground levels
Classification Site Area Business Site Area Retail Area
Area(㎡) 78,450 57,100 27,699
Number of Employee : 850 (Headquarter Employees : 60, Store Employees : 790)
Business Hours : 10 a.m. ∼ 10 p.m.
Lotte Premium Outlet
Location : 17, Iljik-ro, Gwangmyeong-si (Iljik-dong)
Building Scale : Six stories above ground and two underground levels
Classification Site Area Business Site Area Retail Area
Area(㎡) 77,263 108,944 39,420
Number of Employee : 1,324 (Employees of Moving-in Enterprises: 1,300)
Business Hours : 11 a.m. ∼ 9 p.m.