Re: Hyundai spooks investors by paying $10B for new Gangnam HQ location

Sep 19, 2014 0 Replies

On Fri, 19 Sep 2014 04:15:45 -0500, snipped-for-privacy@yahoo.co.uk wrote in


Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically. Shareholders w...
>Read More:
formatting link

That looks like something I would expect GM to do. IMO the money could have been better spent on R&D.


It looks like Hyun is starting to adopt the American style of miss-management.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required