Police raid striking doctors' homes, offices, after deadline passes on return-to-work order
Yoon touts improved Japan ties on Independence Movement Day as gateway to 'new world'
S. Korea, US voice 'deep concern' over NK's definition of S. Korea as 'hostile' country
S.Coups of Seventeen gets military exemption due to knee injury
Korean stocks benefit from Zuckerberg's Seoul visit
DP leader Lee retains ticket to his constituency for April elections
Vote on bill to probe first lady lays bare Democratic Party split
[Editorial] A country for children
Address by President Yoon Suk Yeol on the 105th March 1st Independence Movement Day
Cooperation among N. Korea, Russia, China, Iran raises possibility of 'simultaneous conflicts': US general
Aekyung forays into hotel business
Midsized firm sets sights on Novotel as next growth engineBy Korea Herald
Published : Dec. 18, 2014 - 21:03
The five-star hotel ― featuring 287 rooms, banquet halls, function rooms and restaurants ― is expected to become a landmark of Suwon, the capital and largest city of Gyeonggi Province, the company said.
“The hotel is situated near Suwon train station and will be part of the ‘AK Town,’ along with nearby AK Plaza department store and AK& shopping mall,” said Lee Sung-min, a PR representative of the group. AK is the English abbreviation of Aekyung.
Suwon Station is the second-busiest train station in the country, following Seoul Station, with more than 300,000 visitors, according to Aekyung.
“We thought offering accommodation for travelers would be a good business opportunity, not to mention that we have been operating businesses here for more than a decade,” Lee said. “We hope to attract residents of Gyeonggi Province as well as people hailing from the mid-southern part of the Korean Peninsula with fine dining, shopping and also sports activities including futsal and a mini race circuit.”
In order to secure high service quality, the hotel will be managed by Accor Ambassador Korea, which already manages several hotels here.
Aekyung is the latest newcomer in the Korean hotel industry.
More and more companies ― even those without hotel experience ― are trying their hand in the business, hoping to feast on the blossoming travel industry.
According to data from the Tourism Ministry, Seoul’s chronic shortage of hotel rooms will deepen even after 2017, with the number of annual tourists to Korea having already exceeded 10 million. To address the issue, the government recently eased the regulations on building hotels.
Next year, KT&G, the country’s dominant tobacco manufacturer, is slated to open a luxurious business hotel near Mount Namsan. Telecommunications service provider KT Corp. has also submitted plans to build a residence-hotel at its Songpa branch site in southwestern Seoul.
Daelim, a construction firm-turned-midsized company, on Dec. 6 launched a new hotel brand called GLAD in the financial district of Yeouido. The company is planning to open at least three more hotels in the next few years, aiming to become a key player in the industry alongside Lotte and Shilla.
Daelim, which has a strong presence in the construction sector, said hotels will become its new growth engine.
“Daelim will plan, develop, build and run hotels,” Bae Seon-yong, a PR executive of Daelim, was quoted as saying to a local newspaper.
By Bae Ji-sook (firstname.lastname@example.org)
Articles by Korea Herald
Opposition leader retains ticket to his constituency
Car camping: How solo female campers enjoy outdoors
Tensions loom as doctors plan mass rally in deepening clash over med school quota