SK D&D Sells Jeju Island Hotel for 254.7 Billion KRW

[Asia Economy Reporter Lee Seon-ae] SK D&D announced on the 17th that it will sell the Grand Chosun Jeju and Grand Chosun Jeju Hill Suite hotels located in Saekdal-dong, Seogwipo-si, Jeju Island for 254.7 billion KRW. This amount corresponds to 56.02% of SK D&D's consolidated sales in 2019. The counterparty to the contract is DIJJ60 Consignment Management Real Estate Investment Company.