Subsidiaries Relocating to Aekyung Tower
Aekyung Group, a major Korean business group producing home, health, and beauty care products, is leaving Guro-dong, Seoul, which has been its home for the past 40 years and starting a new era near Hongik University Station on Seoul Subway Line 2.
Aekyung Group announced on August 21 that it has completed the integrated group building near the subway station and started moving in. Five subsidiaries, including AK Holdings, a holding company, Aekyung Co., AK ChemTech, AKIS and Mapo Aekyeong Town, will complete relocation by the end of August. When the international business team of Jeju Air, Korea’s No. 1 low-cost carrier (LCC), arrives at the end of the year, six companies will be in the building.
Aekyung Group decided to name the new building Aekyung Tower through an in-house competition. Aekyung Tower has a total floor area of 53,949 square meters, including complex facilities for sales, business, and lodging and public works facilities. Other than the business facilities, AK&Hongdae, a shopping mall operated by AK Plaza, plans to open on August 31, and Holiday Inn Express Seoul Hongdae, a 294-room hotel operated by Jeju Air, on September 1.
Aekyung Group has designed the office space of Aekyung Tower with the concept of “a space of inspiration that stimulates creative thinking.” The piloti space on the first floor, dubbed “Aekyung Forest Path,” was designed as a “Live Walk Road in Urban Area”.
AK&Hongdae to open on the 1st to 5th floors of Aekyung Tower on August 31, will have an operating area of 13,659 square meters. It is a new concept distribution model introducing product planning (MD) specialized in Hongdae commercial area. The main target groups were set as those in their 10s and 20s in the Hongdae commercial area, those in their 20s to 40s in Yeonnam-dong, and foreign tourists who use the airport railroad, and fashion, beauty and lifestyle were strategically arranged.