LX Holdings to Acquire LG Gwanghwamun Building for 512 Billion Won

LX Holdings will acquire the LG Gwanghwamun Building, located in Jongno-gu, Seoul, to secure its new headquarters.

On October 17, LX Holdings announced through a public disclosure that it will acquire tangible assets, including land and buildings located in Jongno-gu, Seoul, from LG Corporation.

The acquisition amount is 512 billion won, which accounts for 26.88% of the company’s total assets. The acquisition reference date and the expected registration date are set for December 31, 2025.

An official from LX Holdings stated, "This headquarters purchase is aimed at enhancing the group’s mid- to long-term asset value and establishing a foundation for sustainable growth as part of our future preparations."