In the Philippines, 7-Eleven is run by the Philippine Seven Corporation (PSC). Its first store, in Quezon City, opened in 1984. In 2000, President Chain Store Corporation (PCSC) of Taiwan, also a license of 7-Eleven, bought most of the shares of PSC and created a plan to have all convience stores in the area be theirs. At the end of 2015, 7-Eleven stores totaled 1,602, up 25 percent from 1,282 stores in end-2014. A total of 1,391 7-Eleven stores are in Luzon, 178 in Visayas, and 33 in Mindanao.