AlphaBIZ - Samyang Foods Acquires Yongsan Land and Building for KRW 103.5 Billion as a Long-Term Investment

Samyang

 

[Alpha Biz= Reporter Kim Jisun] Samyang Foods announced on the 12th that it will acquire land and buildings in Hangang-ro 2-ga, Yongsan District, for KRW 103.5 billion. The acquisition is expected to be completed by June 30 next year, with the stated purpose of securing land for business and leasing.

While there is speculation in the industry that Samyang Foods might be acquiring the property to relocate its headquarters, a company representative stated that no specific plans have been finalized as the acquisition has not yet been completed. Currently, Samyang Foods’ headquarters is located in Hawolgok-dong, Seongbuk District.

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)