KH Group Completes Final Inspection of Alpensia Resort and Finalizes Contract

[Asia Economy Reporter Jang Hyowon] KH Group, which is participating in the acquisition of Alpensia Resort, announced on the 20th that all related schedules, including due diligence and contract negotiations for the main contract, have been completed, and the asset transfer contract for Alpensia Resort was signed at the conference room of Gangwon Development Corporation.

KH Group's KH Gangwon Development formed a due diligence team and conducted the main due diligence for two months after being selected as the preferred negotiator for the acquisition of Alpensia Resort on June 24. The inspection covered asset status, finance, physical and legal aspects, including on-site inspections, facility and equipment checks, and the establishment of development plans after acquiring the resort.

Han Woo-geun, CEO of KH Gangwon Development, said, “The schedules for due diligence and contract negotiations were smoothly completed, leading to the asset transfer contract. Through the acquisition of Alpensia, we will develop additional complex cultural spaces and luxury residential areas along with the existing resort facilities to make Alpensia a global resort.” He added, “We will create a pleasant workplace through mutual dialogue and harmony between labor and management to recreate the glory of the Winter Olympics and make it a landmark of Gangwon Province,” expressing his thoughts on the contract.

Meanwhile, KH Group, based on its extensive business know-how in real estate development, is reportedly drawing up a development blueprint with experts from various fields, including promoting a new business design competition to make Alpensia Resort a year-round destination enjoyed by three generations of families. The real estate development industry is focusing its attention on how Alpensia Resort will be developed and transformed in the future.

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