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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] SEOUL, Oct. 17 — LX Holdings (383800) announced that it will acquire the LG Gwanghwamun Building in Seoul’s Jongno District from LG Group (003550) for ₩512 billion (approximately USD 370 million). The company plans to use the property as its new headquarters.
According to a regulatory filing released on Thursday, LX Holdings will purchase the land and building assets of the LG Gwanghwamun Building from LG Group. The transaction amount represents 26.9% of LX Holdings’ total assets, with the closing and registration date set for December 31, 2025.
The LG Gwanghwamun Building, located in Jongno-gu, central Seoul, is a 14-story office tower with five underground floors, spanning a total floor area of 51,312 square meters.
The building currently serves as the main office for LX Holdings, the holding company of the LX Group, as well as key affiliates including LX International, LX Pantos, LX MDI, and LX Ventures, which have been leasing the space from LG Group.
The acquisition marks a symbolic move for LX Holdings, as the company strengthens its independent corporate identity following its spinoff from LG Group in 2021.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
