[theqoo] STARSHIP, ACQUIRES REAL ESTATE WORTH 81 BILLION WON... PREPARING FOR LARGE-SCALE OFFICE EXPANSION

(T/N: 81 B won = ~ 60M USD)

Starship Entertainment has acquired real estate worth a total of 81 billion KRW to expand its corporate headquarters.

On October 13, Starship Entertainment issued a public disclosure regarding its decision to acquire non-current assets.

According to the disclosure, the company’s board of directors resolved on October 1 to purchase land (measuring 328.2㎡) and a building (with a total floor area of 281.24㎡) for 22 billion KRW. The acquisition is scheduled for January 31 of next year, with the property intended to serve as a site for business facilities.

Regarding this acquisition of non-current assets, Starship Entertainment explained, "This is a bulk purchase of land and a building to secure a site for business facilities." The company added, "The scheduled acquisition date corresponds to the planned date for the final balance payment; the actual final acquisition date may be subject to change depending on the progress of the process."

Starship Entertainment is currently pursuing a large-scale expansion of its corporate headquarters, centered in Cheongdam-dong, Gangnam-gu, Seoul. On July 8 of last year, the company announced that it had agreed to purchase a property, consisting of land (663.40㎡) and a building (with a total floor area of 987.11㎡), for 59 billion KRW, with the acquisition finalized on September 2 of the same year.

Artists under Starship Entertainment include K.Will, MONSTA X, IVE, CRAVITY, KiiiKiii, and IDID.

original post: here

1. So IVE is working themselves to the bone to buy a building...

2. Be better to IVE

3. Spend more money on IVE

4. Spend some of that money on IVE

5. I know that they are treating IVE better, but they still have to do more

6. I wonder how much of that came from the IVE members

7. Treat Wonyoung better

8. IVE for sure played a part but I bet Wonyoung played a big part in this too

9. Aigo...

10. IVE... especially Jang Wonyoung, must've made them so much money...