Amorepacific Group Decides to Sell Gangnam Building Worth 160 Billion KRW
[Asia Economy Reporter Geum Bo-ryeong] Amorepacific Group (AmoreG) announced on the 26th that it has decided to dispose of the Seongam Building in Nonhyeon-dong, Gangnam-gu, Seoul to strengthen financial soundness and secure liquidity through asset sales.
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The disposal amount is 160 billion KRW, which accounts for 2.17% of the total assets on a consolidated basis as of the end of 2018.
This content was produced with the assistance of AI translation services.
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