CJ Olive Young said it won the right to mark the name of Seongsu Station as "CJ Olive Area" for three years by bidding for the Seoul Transportation Corporation's subway station name weapon sales project and paying 1 billion won.
CJ Olive Young explained that it bid for the reverse name weapon business in consideration of the opening of a large store located in Seongsu, but gave up the weapon rights due to various circumstances.
Accordingly, Olive Young has to pay a penalty for returning the weapon ticket.
Meanwhile, Olive Young currently operates five stores around Seongsu Station and will open its largest brick-and-mortar store on the 22nd.
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