LG Group S&I, Construction and Building Management Business Split
[Asia Economy Reporter Minji Lee] S&I Corporation, a subsidiary of LG Group, will spin off its main construction and facility management (FM) businesses.
On the 31st, LG Group announced that its subsidiary S&I Corporation will split its construction and FM business divisions to establish new companies, S&I Construction and S&I FM. The split will be a simple physical division, effective October 1.
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After the physical split, the surviving company, S&I Corporation, will focus on leisure and real estate management businesses, while the newly established companies plan to attract external capital.
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