 |
HD Hyundai Group (photo = HD Hyundai Group) |
[Alpha Biz= Kim Jisun] Seoul, South Korea – April 22, 2025 – Hyundai Group is preparing to sell its headquarters building located in Yeonji-dong, central Seoul, as part of an asset securitization strategy aimed at boosting liquidity and enhancing shareholder value.
According to industry sources, the group has appointed Samjong KPMG as the financial advisor for the transaction.
This move comes eight years after Hyundai Group reacquired the property in 2017. The company had originally sold the building in 2012 for KRW 226 billion to address a liquidity crunch and later exercised its preemptive purchase right to buy it back for KRW 250 billion.
The planned sale will be conducted in the form of a sale-and-leaseback arrangement, allowing the company to continue operating in the premises after the transaction — a model also used in the 2012 sale.
Hyundai Group plans to utilize the proceeds from the sale to support future investment initiatives and strengthen shareholder returns.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
