Since last year, SPI has reported on the possible sale of the Seoul Finance Center (SFC), which has been owned by the Government of Singapore Investment Corporation (GIC) for over 20 years since its first investment in Korea. The context of this possible sale was introduced in the Weekly Commentary on November 13, 2023, titled “Will GIC Let Go of Seoul Finance Center?”. GIC’s plan to relocate its Seoul headquarters to Gangnam Finance Center (GFC) was revealed to the market after some movement to change the strategy of holding and utilizing key assets located in the CBC, such as putting up The Exchange Seoul (TES) for sale (“GIC […]