KB Asset Management completed the acquisition of Samsung SDS Tower in Seoul from Ryukyung PSG Asset Management for $630m.

KB Asset Management, an investment company, completed the acquisition of Samsung SDS Tower in Seoul from Ryukyung PSG Asset Management, an investment management company, for $630m. Located in Seoul’s Jamsil neighbourhood approximately 7km (4.3 miles) east of the Gangnam business district, the Samsung SDS Tower has 30 above-ground and seven basement floors, with 99.5k m2 of floor area situated on a 7.7k m2 lot. The building is adjacent to the headquarters of local e-commerce giant Coupang and is a five-minute walk from Jamsil metro station, which is served by subway lines 2 and 8.