Hanssem, Running a Deficit in Q3, Considers Selling Sangam-dong Office Following Bangbae-dong Sale

Exterior view of Hanssem Sangam Building.

[Asia Economy Reporter Choi Dong-hyun] Hanssem is considering the sale of its headquarters building in Sangam-dong, Mapo-gu, Seoul.

A Hanssem official stated on the 2nd, "It is true that we are considering the sale to secure future investment funds," adding, "However, the exact sale price is not yet known."

Hanssem purchased the Sangam-dong building from Pantech in 2017 for 148.5 billion KRW. The office building has 5 basement floors and 22 above-ground floors, with a total floor area of 66,648㎡.

Hanssem's intention to dispose of the Sangam-dong building following the Bangbae-dong building is interpreted as a move to secure funds due to deteriorating financial structure. Hanssem's consolidated sales for the third quarter of this year were 477.3 billion KRW, a 10.9% decrease compared to the same period last year, and operating loss turned to 13.6 billion KRW. The main cause of the performance decline is the 27% sharp drop in sales in the Rehouse division, a core B2C channel, due to the contraction of housing sales transactions.

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