NCSoft Signs Contract for Pangyo Site... Plans to Build 'Second Headquarters'

[Asia Economy Reporter Kang Nahum] NCSoft announced on the 16th that it has signed a land contract to build a global research and development innovation center.

The NCSoft consortium and Seongnam City signed a written agreement last December regarding the sale of approximately 25,719㎡ of city-owned land in Sampyeong-dong 641, and proceeded with the land sale contract yesterday.

The NCSoft consortium consists of NCSoft, Samsung C&T Corporation, Korea Local Government Officials Mutual Aid Association, and Mirae Asset Global Investments. The total purchase price for the land by the consortium is 837.7 billion KRW.

NCSoft will use 50% of the entire land. The purchase amount for NCSoft is 418.9 billion KRW, which is half of the consortium's total amount.

NCSoft plans to build a global research and development innovation center on the site and use it as its second headquarters. From the design stage, the construction will aim for the highest level of eco-friendly building standards.

The research and development innovation center is scheduled to start design in the second quarter of 2021 and aims for completion in 2026.

This content was produced with the assistance of AI translation services.