Our Galleria Luxury Hall in Seoul is South Korea’s preeminent department store, featuring the world’s leading luxury brands. Galleria Gwanggyo, the largest of the five department stores operated by Hanwha Galleria, represents a new concept of nature–friendly multicultural shopping complexes. Located in the metropolitan city of Daejeon, Galleria Timeworld specializes in luxury fashion brands from around the world and offers the ultimate in customer convenience solidifying its reputation as the premier luxury shopping destination in the region. We also operate Centercity, an arts and cultural center in central South Korea, and Galleria Jinju, a premier department store in the western region of South Gyeongsang Province.

Our fashion business mainly focuses on retailing exclusive brands and stores. We source directly from global luxury fashion houses, such as Italy’s Stefano Ricci and luxury daily wear brand James Perse. Our collection of select premium brands and our ability to source the most exclusive fashion items are unmatched in the markets we operate in, a competitive advantage that enables us to keep expanding our footprint. We also operate high–end fashion boutiques including G. STREET 494 HOMME, one of the world’s finest names in menswear.

Our F&B business continues to increase in brand value through our promotion of the Gourmet 494 brand. We are also collaborating with gourmet restaurants to develop a variety of Gourmet 494 private brand products made with carefully curated ingredients. These products are recognized for their excellent quality and are beloved by customers.

In 2020, we launched the premium lifestyle platform Gourmet 494 Hannam in Nine One Hannam, a high–end residential complex, offering food and lifestyle content carefully selected by Galleria. In 2023, we successfully introduced South Korean food enthusiasts to the popular U.S. burger chain Five Guys. We currently operate branches in Gangnam, Yeouido, Express Bus Terminal, and Seoul Station, with plans to expand to 15 stores over the next five years.

Hanwha Galleria will continue to strengthen our luxury brand merchandising, VIP marketing, and premium branding while actively promoting our core competencies, new businesses, digital transformation technologies, and original content creation. We aim to showcase high–end experiences and value throughout our customers’ lifestyles, lead cultural trends, and provide a wide array of experiences and benefits that our customers can enjoy.

Currently, we are leading retail and leisure trends by combining commercial complexes with private stations, as exemplified by transit hubs Seoul Station and Cheongnyangni Station. We generate stable profits through effective merchandising and efficient operations tailored to the commercial environments of privately funded stations that have high levels of visitor traffic.

In April 2022, we launched our remodeled premium multifunctional complex at Seoul Station, pursuing continual change with a focus on three values: differentiation, popularity, and luxury. In December 2022, we renewed Cheongnyangni Station by creating a trendy casual dining space for local residents and young customers in their 20s. At the end of November 2023, we launched Connect Terrace, which provides a differentiated gourmet experience on the third floor of Seoul Station. We continue to enhance our facilities by offering comfortable spaces where customers can come together and relax. Currently, we are developing complex commercial facilities near Seoul Station and Daejeon Station to secure mid– to long–term growth engines.

Hanwha Connect plans to expand its business areas by developing new commercial facilities in central Seoul and the metropolitan area, while also identifying opportunities that connect online and offline spaces. By leveraging our expertise and capabilities in business feasibility assessment, concept development, project financing, lease marketing, construction management, and facility operation, we are rapidly becoming an industry–leading developer and manager of commercial complexes. We are creating central places for urban living and culture by offering new experiences that connect different cultures and businesses.