SK Group Acquires Le Méridien Site in Seoul to Build SK Hynix HQ Near Samsung

SK-1.11%
SKHY-8.74%
SKHYV-0.98%
According to Asia Economy, SK Group is pursuing the acquisition of the former Le Méridien hotel site in Seoul's Gangnam district to construct a new SK Hynix headquarters building. The site is located approximately 1 kilometer from Samsung Group's Samsung Town headquarters, with SK Group Chairman Chey Tae-won reportedly requesting that the new building be 5 meters taller than Samsung's structure. The specific project structure, including land acquisition, equity participation, or advance office lease arrangements, remains under discussion.
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