Hyundai Department Store Group (
Korean: 현대백화점그룹) is a South Korean retail conglomerate that spun off from
Hyundai Group in 1999.[1] The company began as Keumgang
Development Industries established in 1971.[2] It opened its first store in
Ulsan in 1977. The flagship store, in the affluent
Seoul neighborhood of
Apgujeong, was opened in 1985. Its major competitors are
Lotte Department Store,
Shinsegae,
Hanwha Galleria, etc.