Seoul, Hyundai begin Gangnam land talks
Social affairsJun 23, 2015
Seoul City and Hyundai Motor Group kicked off discussions Tuesday over the use of land in Gangnam bought from Korea Electronic Power Corp., as controversy persisted over the scope of its development. (Seoul Metropolitan Government)In September last year, the conglomerate purchased the 79,345-square-meter plot of land in southern Seoul for 10.55 trillion won ($9.5 billion), which was nearly triple its appraised value. It proposed to invest about 5 trillion won in constructing its new headquarter