Hyundai Motor Group is collaborating with a large developer based in New York for the development of its Global Business Complex (GBC) in Samseong-dong, Gangnam-gu, Seoul. This long-awaited project involves the development of the former Korea Electric Power site in Samseong-dong, which Hyundai Motor acquired in 2014 for about KRW 10.55 trillion. Honorary Chairman Chung Mong-koo led the acquisition of the site, which was originally planned as a skyscraper landmark building with more than 100 floors. The new building would consolidate its affiliates to create a unified headquarters. However, the atmosphere has changed since Chairman Chung Eui-sun took charge. The direction of the project has changed to be […]