A Seoul-based plush toy maker and retailer plans to open a teddy bear store in Waikīkī, occupying the former home of the Planet Hollywood restaurant.

The 18,000-square-foot space on two stories in the Bank of Hawaii Waikiki Center at 2155 Kalākaua Ave. is expected to be converted to Teddy Bear World Hawaii by November.

The South Korean company, JS & F, is known for elaborate exhibits of teddy bears depicting historical and current events, famous people and landmarks. Established in 1984, JS & F operates two teddy bear museums and an art gallery in South Korea that have become popular visitor attractions. The firm also is involved in a luxury hotel and golf resort named Teddy Valley Golf & Resort in South Korea.

DUNKERLEY TO CONTINUE AT HAWAIIAN AIR

Mark Dunkerley, Hawaiian Airlines' president and CEO, has signed a three-year contract extension to continue leading the airline.

"Mark's leadership of Hawaiian through some extraordinary times has been exemplary, and the board is pleased that he will continue to lead our company through key phases of expansion in the coming years," said Lawrence S. Hershfield, chairman of Hawaiian Holdings Inc., the airlines' parent.

Since joining Hawaiian Airlines in 2003 as president and chief operating officer, Dunkerley has led the company to its most profitable years ever and a host of industry-recognized achievements.

CPF PAVES WAY FOR REVERSE STOCK SPLIT

Central Pacific Financial Corp. shareholders have approved a measure that would allow a reverse stock split.

The measure would allow a reverse split of common stock by a ratio of not less than one-for-five and not more than one-for-20 at any time prior to April 30, 2011.

Shares of Central Pacific Financial, the parent company of Central Pacific Bank, closed yesterday at $2.52. After touching more than $20 in 2008, the shares fell to less than $1 in December because of a number of factors, including losses on loans to California home builders.