Building upon some of my comments in the a recent Automotive News, I see the media and some industry watchers who look solely at the high cost of the land purchase.
Frankly, land is pricey in Seoul and Gangnam even more so…. Following the announcement of the deal, the Hyundai Motor Group has disclosed more details one point being that up to 30 sister companies will be tenants spreading ongoing costs across much of the organizations.
More significant with new tax laws soon to enacted, the Group will hugely benefit from the land purchase.
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