AK Plaza Signs Business Agreement for Win-Win Cooperation with Gwangmyeong City

Mutual Growth Agreement in Gwangmyeong City Supporting Scholarships for Underprivileged Groups and Facilities for Small Businesses
AK&Gwangmyeong Branch Anticipates Complex Synergy with Nearby Media, Hotel, and Cultural Facilities

[Asia Economy Reporter Yuri Kim] AK Plaza announced on the 23rd that it has signed a business agreement with Gwangmyeong City and the Gwangmyeong Small Business Association for the mutual development of the distribution industry.

The signing ceremony held at Gwangmyeong City Hall the day before was attended by Kim Jaecheon, CEO of AK Plaza, Park Seungwon, Mayor of Gwangmyeong, Na Sangjun, President of the Gwangmyeong Small Business Association, and other related officials.

AK Plaza, which plans to open AK&Gwangmyeong store in October this year, will, according to the agreement, collaborate with Gwangmyeong City to implement initiatives such as ▲ scholarships and welfare support for low-income groups ▲ job creation ▲ support for small business facilities and marketing ▲ provision of education and cultural spaces for small merchants, aiming for social contribution and balanced development of the distribution industry within the region.

AK Plaza explained that this agreement is meaningful as it is the result of several rounds of discussions over the past year among AK Plaza, Gwangmyeong City, and the Gwangmyeong Small Business Association, targeting regional mutual cooperation and balanced development.

Meanwhile, AK Plaza plans to open the AK&Gwangmyeong store in October within the commercial facilities of the Gwangmyeong Station area land development project complex in Iljik-dong, Gwangmyeong City. It is a shopping mall spanning from basement level 2 to the 4th floor above ground. Parking is available for approximately 3,200 vehicles. AK&Gwangmyeong aims to attract a large number of new experiences and stay-type brands catering to the 'molkokjok' (people who prefer to stay indoors). The complex will house the largest new media production facility in Korea, expected to create business and marketing synergy by combining diverse performances and media spaces. AK&Gwangmyeong is the fourth shopping mall following Hongdae, Sejong, and Giheung stores, as part of AK Plaza’s region-friendly shopping center (NSC) project initiated in 2018.

An AK Plaza NSC development official said, "Gwangmyeong is a shopping hub in the southwestern part of Gyeonggi Province with high potential for growth," adding, "It will be an experiential shopping mall combining media and shopping."

This content was produced with the assistance of AI translation services.