BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) According to the Busan Metropolitan Corporation on April 15, Silverstone, the project manager of the Munhyeon Finance Complex, will secure KRW 270 billion of real estate development cost and begin construction in May.

The construction of the site for the Munhyeon Finance Complex has been completed in 2011. However, the project has been delayed due to some difficulties in securing the development cost.

Silverstone has achieved the construction permission in April, 2014 and will soon begin building the complex after completing the process of project performance guarantee.

The Munhyeon Finance Complex, which will be a 49-story building with 7 underground floors, will comprise hotels, office buildings, stores and cultural facilities.

The first phase of the complex has been completed. Offices including the headquarters of Busan Bank, Korea Technology Finance Corporation and the Busan office of the Bank of Korea are located in the Busan International Finance Center, the landmark of Busan.

joseph@yna.co.kr

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Source Text

Source: Yonhap News (April 15, 2015)

** This article was translated from the Korean.