LG
sells Gemini Tower LG, a global technology company, has announced the sale of its Gemini Tower in Seoul, South Korea. The 42-story skyscraper, located in the bustling Gangnam district, has been sold for an undisclosed amount to a local real estate investment company. The Gemini Tower is known for its futuristic design and cutting-edge technology, making it a landmark building in the city. Designed by renowned architect Demetri Porphyrios, the building boasts a unique dual-core structure, which gives it its distinctive shape and provides exceptional structural stability. The building has a total floor area of 108,981 square meters, including retail space, offices, a luxury hotel, and an observatory on the top floor with breathtaking views of the city. The building also features advanced green technologies, such as solar panels and a rainwater harvesting system, making it an environmentally friendly property. The sale of the Gemini Tower is part of LG's strategic plan to focus on its core businesses, such as electronics, home appliances, and automotive components. The company intends to use the funds from the sale to invest in these key areas and plan new innovations. The sale of the Gemini Tower represents a significant opportunity for the local real estate market, which has been in need of new investment and development opportunities. The transaction also highlights the strength and attractiveness of Seoul's real estate market, showcasing the city's growth potential and appeal to international investors. Overall, the sale of LG's Gemini Tower marks an exciting chapter for both the company and Seoul's real estate market. As LG continues to focus on its core businesses, it will be exciting to see how the proceeds from the sale will drive innovation and growth in these areas. At the same time, the sale represents a new chapter for the Gemini Tower, which will undoubtedly continue to be a landmark in Seoul's skyline for years to come.