Seobu T&D invests KRW 624.07 billion to develop Yongsan office, high-end officetel project

• Seobu T&D mapped out a KRW 624.07 billion build-out on its Yongsan, Seoul land to expand operations.
• Project includes offices, high-end officetels; officetel pre-sales planned once construction begins.
• Investment equals 45% of equity based on the FY2025 consolidated K-IFRS balance sheet.
• Construction scheduled to start Oct. 8, 2026, with completion targeted for Nov. 30, 2030.
• Board set the investment plan on Oct. 1, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seobu T&D Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261001900553), on October 01, 2026, and is solely responsible for the information contained therein.