High-street brand H&M (Hennes & Mauritz Ltd.), finally stepped foot in South Korea, Seoul, and open its first flagship store in Myeong-dong's Noon Square where many similar popular high-street stores, such as SPAO, Zara, Forever 21, Mango and Uniqlo, are already established in the same area. H&M operates more than 2,000 stores in some 35 countries, with their more than 100 designers providing fresh designs everyday.
"We have high expectations for the Korean market which has a very high demand and sophisticated taste regarding fashion. We will actively appeal to the Korean consumers with our management ideology of providing fashion and quality for the best price," said Hans Andersson, the head of H&M Korea office.