- CEO
- Yeong-Hun Kim
- Full Time Employees
- 761
- Sector
- Retail trade
- Industry
- Department stores
- Address
- Seoul South Korea
- IPO Date
- Mar 31, 2023
- Business
- Hanwha Galleria Corporation is a South Korea-based retail company that specializes in the operation of luxury department stores, premium fashion merchandising, and gourmet food and beverage services. Founded in 1975 and headquartered in Seoul, South Korea, the company operates as the flagship luxury retail and commerce affiliate of the Hanwha Group conglomerate. Hanwha Galleria conducts its business primarily across two core segments: the Department Store Division and the Food and Beverage Division, serving domestic and international consumers with a strong focus on high-net-worth and VIP clientele.
The company offers a comprehensive portfolio of luxury merchandise and lifestyle services across South Korea, including the operation of landmark department store branches comprising the Galleria Luxury Hall (East and West) in Apgujeong-dong, Seoul; Galleria Gwanggyo in Suwon, Gyeonggi Province; Galleria Timeworld in Daejeon; Galleria Centercity in Cheonan, South Chungcheong Province; and Galleria Jinju in South Gyeongsang Province; direct sourcing, import, and retail distribution of international designer fashion, luxury menswear, fine jewelry, cosmetics, and accessories; proprietary multi-brand boutique concepts and exclusive brand distribution rights, including Stefano Ricci, James Perse, g.street494 homme, and g.street494; gourmet food, beverage, and grocery operations anchored by the Gourmet 494 brand, featuring premium delicatessens, organic markets, and dining platforms; fine wine and spirits retail under the Vino 494 and Vino 494 Classic banners; and specialized VIP client services, including Personal Shopper Room (PSR) styling concierges, private club lounges, and dedicated valet services.
In recent developments, Hanwha Galleria has executed significant corporate restructuring and strategic portfolio adjustments. In March 2023, the company completed its corporate spin-off from Hanwha Solutions Corporation and was re-listed as an independent publicly traded entity on the Korea Exchange under the ticker KRX:452260. The company broadened its food service footprint in June 2023 by launching the American burger brand Five Guys in South Korea through its wholly owned subsidiary FG Korea Inc., subsequently expanding rights into Japan via FG Japan G.K. In August 2024, Vice President Kim Dong-seon executed a tender offer to acquire an additional 17.5 percent equity stake (34 million shares) to strengthen management stability and ownership control. In late 2025 and 2026, the company entered into an agreement to divest its equity interest in FG Korea to private equity firm H&Q Equity Partners to monetize its investment and refocus resources on core luxury retail assets and commercial real estate development. Additionally, Hanwha Galleria has accelerated operational technology integration across its retail network in collaboration with group affiliates, deploying automated sommelier dispensing robots and AI-powered foot-traffic analytics.