Table of Contents
- Lee Jae-mo Pizza, the representative restaurant of Busan, opens a super large store in Myeongji, Gangseo-gu
- 1000-pyeong size, 4 floors above ground... construction starts next March
- Expansion of operations centered on Busan... opening of the 3rd Seomyeon branch in 2025
- Explosive growth in sales and operating profit... expected sales of 33.7 billion and operating profit of 9.2 billion in 2024
- A local representative restaurant loved by Busan citizens and tourists
- Conclusion: The potential to become a landmark in Gangseo-gu
- Frequently Asked Questions (FAQ)
Lee Jae-mo Pizza, the representative restaurant of Busan, opens a super large store in Myeongji, Gangseo-gu
Lee Jae-mo Pizza, known as one of the representative restaurants in Busan, plans to open a large Gangseo branch in Myeongji-dong in 2027. This new store is set to be the largest ever, and it is an important case proving the brand's popularity and growth demonstrated in the main store located in Nampo-dong, along with the Busan Station and Seomyeon stores.
Given the daily influx of customers right at opening, the large complex store located in the Gangseo area has a high possibility of becoming a new landmark in the western region of Busan. Lee Jae-mo Pizza is expanding its presence in Busan, continually gathering expectations for the future.
1000-pyeong size, 4 floors above ground... construction starts next March
FGK Co., Ltd. is purchasing land in Myeongji-dong, Gangseo-gu, to establish Lee Jae-mo Pizza's new store and is currently conducting architectural design work.
This Gangseo branch boasts about 1000 pyeong in size and consists of two buildings. It is planned to have a structure of 1 basement floor and 4 above-ground floors, with construction scheduled to start in March 2025 and completion aimed for 2027.
This store will not only serve as a sales space but will also include a logistics center and staff training facilities. The logistics center will serve as a hub for supplying ingredients and packaging materials, while the staff training area will be used to standardize brand operations. This plan is expected to be a significant point in the expansion strategy of Lee Jae-mo Pizza.
Expansion of operations centered on Busan... opening of the 3rd Seomyeon branch in 2025
Lee Jae-mo Pizza has focused on operating stores only in the Busan area for decades. Except for the Jeju branch, all stores are located in Busan and are based on the principle of public service operations.
In particular, the Nampo-dong, Busan Station, and Seomyeon stores are known to be must-visit dining spots for travelers visiting Busan. A nickname 'Lee Jae-mo Pizza of Busan' has been given alongside Daejeon's Seongsimdang.
The 3rd Seomyeon branch is scheduled to open on December 20, 2025, which is expected to further enhance the brand's influence within Busan.
Explosive growth in sales and operating profit... expected sales of 33.7 billion and operating profit of 9.2 billion in 2024
According to the Financial Supervisory Service's electronic disclosure system, FGK Co., Ltd.'s expected sales for 2024 are projected to reach 33.7 billion won. This represents an increase of more than double compared to 16.7 billion won in 2023.
This growth is attributed to improved brand awareness, store expansions, and efficient operational methods.
Operating profit is also expected to increase significantly, rising from 3.7 billion won in 2023 to 9.2 billion won in 2024, marking a 132% increase.
During the same period, net profit is projected to grow from 26.6 billion won to 71.4 billion won, recording a growth rate of 168%.
This success is regarded as a notable example of a Busan regional brand, such as Daejeon's Seongsimdang, gaining a nationwide fan base.
A local representative restaurant loved by Busan citizens and tourists
Opened in 1992, Lee Jae-mo Pizza started in Nampo-dong, Busan, and has been beloved by local residents.
Many people wait in long lines every day, making it a highly popular spot recommended as a must-visit location during a trip to Busan. They have gained a reputation so much that the saying “Seongsimdang is for Daejeon, and Lee Jae-mo is for Busan” has emerged.
With the recent opening of the super-sized store in Gangseo-gu, the number of visitors from Myeongji, Sinho, and Gadeokdo areas is expected to increase. This is anticipated to bring positive results by further energizing consumption and tourism demands in Gangseo-gu.
Conclusion: The potential to become a landmark in Gangseo-gu
The 1000-pyeong scale store of Lee Jae-mo Pizza in Gangseo-gu, to be completed in 2027, is not just a new store but a symbolic space representing the brand's medium-to-long-term growth strategy.
Even with an operational philosophy that minimizes expansion outside the Busan area, this expansion in size clearly shows an increase in brand value.
Given the high popularity gained in existing commercial areas like Nampo-dong, Busan Station, and Seomyeon, it is expected that the Gangseo branch will also establish itself as a major dining destination in the western region of Busan.
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Frequently Asked Questions (FAQ)
Q. What type of store is Lee Jae-mo Pizza planning to open in Gangseo-gu, Busan?
Lee Jae-mo Pizza plans to open a super large store measuring 1000 pyeong with 4 floors above ground in Myeongji-dong, Gangseo-gu in 2027.
Lee Jae-mo Pizza, the representative restaurant of Busan, is planning a large store of about 1000 pyeong in Myeongji-dong, Gangseo-gu, consisting of 1 basement floor and 4 above-ground floors. Construction will start in March 2025 and the completion is scheduled for 2027. This store will not only be a retail space but will also serve as the center for brand operations, incorporating a logistics center and employee training facilities. The opening of this store is expected to become a new landmark in the western region of Busan.
Q. Where are Lee Jae-mo Pizza's existing stores located?
Most of Lee Jae-mo Pizza's stores are located in Busan, with Nampo-dong, Busan Station, and Seomyeon being representative locations.
Lee Jae-mo Pizza has focused on operating stores in the Busan area for decades, with all stores located in Busan, except for the Jeju store. The main store in Nampo-dong, along with the Busan Station and Seomyeon branches, has established itself as a representative dining spot loved by travelers and locals in Busan. Additionally, the opening of a 3rd Seomyeon branch in 2025 is also planned, aiming to expand the brand's influence within Busan.
Q. What is the recent sales and operating profit status of Lee Jae-mo Pizza?
Expected sales for 2024 are 33.7 billion won, and operating profit is expected to be 9.2 billion won, indicating more than double growth compared to the previous year.
FGK Co., Ltd.'s expected sales for 2024 are projected to reach 33.7 billion won, which is more than double the 16.7 billion won from 2023. Operating profit is forecast to significantly rise from 3.7 billion won in 2023 to 9.2 billion won in 2024, showing an increase of approximately 132%. During the same period, net profit is also anticipated to increase substantially, growing from 26.6 billion won to 71.4 billion won, reflecting a growth rate of 168%. This achievement is attributed to increased brand awareness, store expansion, and efficient operational methods.
Q. What reputation does Lee Jae-mo Pizza hold in the Busan region?
Lee Jae-mo Pizza has established itself as a representative restaurant loved by Busan citizens and tourists, becoming a local brand representative.
Since its start in Nampo-dong in 1992, Lee Jae-mo Pizza has gained such popularity that long waiting lines form, making it widely recognized as a must-visit dining spot during a trip to Busan. It has established itself as a regional representative brand to the extent that the phrase "Seongsimdang is for Daejeon, and Lee Jae-mo is for Busan" has emerged, and the recent opening of a large store in Gangseo-gu is expected to contribute to increasing visitors from the Myeongji, Sinho, and Gadeokdo regions and stimulate tourism in the western part of Busan.
