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JB Financial Group to Sell Yeouido Headquarters for Estimated 100 Billion Won, Bidding Set for September

GateNews
According to investment banking sources on July 16, JB Financial Group has appointed GenstarMate as the lead broker to divest its Yeouido headquarters for an estimated 100 billion won. Bidding is scheduled for September 2026, with the preferred bidder to be selected and the transaction completed by year-end. The 18-story building, located across from the Korea Exchange, spans approximately 11,507 square meters and is fully occupied by JB Financial Group's subsidiaries. Strong bidding competition is expected due to the property's potential for increased floor area ratio (FAR) redevelopment, from the current 511.23 percent up to over 1,200 percent under Seoul's Yeouido CBD development zone designation.
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