Ananti to Close Geumgangsan Golf Course and Resort Project... "Focusing on the Future"

by Jeon Jinyoung

Published 12 Apr.2022 15:14(KST)

Ananti Geumgangsan Golf Course.

[Asia Economy Reporter Jeon Jinyoung] Ananti is winding down its golf course and resort business in the Geumgangsan Special Zone.

According to industry sources on the 12th, Ananti plans to write off assets worth 50.7 billion KRW related to the golf course (18 holes) and resort (96 rooms) it owns in the tourism special zone. The golf course and resort were set to open in 2008, but operations have been suspended for 14 years since the suspension of Geumgangsan tourism following the shooting incident involving Park Wang-ja.

Ananti officials stated, “Currently, Ananti holds total assets exceeding 1.3 trillion KRW and operates or is developing seven platforms. We judged that it is better to cleanly wind down these assets rather than continuously damaging our brand value and trust, and focus on the future. We will concentrate on expanding our brand going forward.”