Hyundai Elevator is selling its Yeonji-dong headquarters to secure liquidity that will be used for new investments and improve asset efficiency. Located at 194 Yulgok-ro, Jongno-gu, Seoul, the Yeonji-dong Hyundai Elevator headquarters is split into two buildings with a total floor area of 52,476 square meters. The property was completed in 1992 and used by Samsung Card until November, 2008, when it was acquired by Hyundai Group. Hyundai Group suffered a liquidity crisis in 2012 that led to the Yeonji-dong asset being sold to Koramco Asset Management. The structure was a sale and leaseback, securing the rights to first refusal to repurchase the property at any time. In […]