Samsung C&T Trading Division to Relocate to Samsung Headquarters Around November... Returning After 25 Years

[Asia Economy Reporter Jang Hyowon] Samsung C&T Corporation's trading division, the origin of Samsung Group, will relocate to the Samsung Headquarters building for the first time in 25 years.

According to industry sources on the 21st, Samsung C&T's trading division plans to move its office from its current location in Jamsil, Songpa-gu, Seoul, to the Samsung Headquarters building in Jung-gu, Seoul, around November this year. They will occupy 7 floors out of the total 28 floors above ground.

[Image source=Yonhap News]

Samsung C&T plans to hold a board meeting to finalize this relocation plan. Currently, Samsung C&T's divisions are scattered across various locations including Sincheon-dong (trading), Sangil-dong (construction), Dogok-dong (fashion) in Seoul, and Yongin-si, Gyeonggi-do (resort).

The trading division is relocating to the headquarters due to the expiration of the lease contract for the Sincheon-dong building. Currently, the Bank of Korea occupies the Samsung Headquarters building on Taepyeong-ro, but it plans to move out by the end of this year after completing its own building.

A Samsung C&T official explained, "When the company first moved into the headquarters, it was selected as the first comprehensive trading company in Korea, making the headquarters a meaningful place for all employees."

Samsung C&T's trading division used the Samsung Headquarters building, completed in 1976, for 22 years before selling it to Samsung Electronics in 1998 and moving to the adjacent Taepyeong-ro building. Afterward, it moved from Taepyeong-ro to Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, then to Seocho-dong, Seocho-gu, Seoul, and finally settled in Sincheon-dong in 2016.

Meanwhile, the Samsung Headquarters building was purchased by Samsung Life Insurance after Samsung Electronics relocated to the Seocho-dong building in 2009, and Samsung Life currently owns it.

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