Chorokbaem Company Decides to Acquire Tangible Assets Worth 81.5 Billion KRW

[Asia Economy Reporter Minji Lee] Chorokbaem Company announced on the 30th that it will acquire land and buildings near Sinsa-dong, Gangnam-gu, Seoul, from IHQ REITs for 81.5 billion KRW. The acquisition amount accounts for 42.71% of the total assets.

The company stated, "This is for the development of office buildings for mid- to long-term growth and the acquisition of leased assets," adding, "It will improve the profitability of the business purpose and enhance management efficiency."