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FINWIRES

Grand Korea Leisure Approves KRW 168.8 Billion Won Facility Investment for Gangnam Coex Lease Renewal

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Grand Korea Leisure (KRX:114090) has approved a new facility investment of 168.8 billion won to secure operating rights for its Gangnam Coex branch through a lease renewal.

The investment represents 38.2% of the company's equity capital of 441.5 billion won, based on consolidated financial statements as of end-2025, and does not qualify as a large-scale corporation investment.

The lease term runs from Aug. 21, 2026, to Oct. 4, 2035, with rental fees subject to annual adjustments based on the national consumer price index (CPI) starting Oct. 1, 2026.

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