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

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:
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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.

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