This article was published on the ChosunBiz MoneyMove (MM) site on Oct. 24, 2025, at 4:16 p.m.
Hanlim Construction, which operates Hanlim Yongin Country Club (CC) and others, has acquired three golf courses located in Austin, Texas, at once. Using this acquisition as a springboard, it plans to accelerate overseas expansion of its golf course operations.
On the 24th, according to the investment banking industry, Hanlim Construction recently acquired Avery Ranch Golf Club, Teravista Golf Club and Falconhead Golf Club, located in Austin, Texas. The purchase price is reported to be in the mid-80 million dollar range.
The courses Hanlim Construction acquired this time are all public golf courses located about a 30-minute drive from downtown Austin, Texas. They are operated by Magnolia Golf Group. The combined annual revenue of the three courses is estimated at about 30 billion won.
Austin, Texas, is considered a region with a mild climate even in winter, offering natural conditions suitable for year-round golf. Its terrain is also beautiful and allows for diverse course design, so golf courses tend to have high asset value. In particular, Avery Ranch Golf Club, located in the northwest area of Austin, is popular with Koreans.
Hanlim Construction is a construction company based in the Gyeongnam region, well known for its apartment brand Hanlim Pulever. Through affiliates Ilsong Development and Gwangneung Leisure Development, it also operates three domestic golf courses: Hanlim Gwangneung CC, Hanlim Yongin CC and Hanlim Anseong CC.
Hanlim Construction plans to begin full-scale global expansion of its golf course business with this acquisition. The move is seen as an effort to transform into a comprehensive leisure corporation that pursues overseas asset investment alongside domestic construction.
Samil Accounting Corporation advised from the initial stages through completion on this golf course acquisition. Sunggeun Jung, executive director at Samil Accounting Corporation and an expert in golf course mergers and acquisitions (M&A), led the effort. This is the first case of a domestic accounting firm advising on the acquisition of golf courses on the U.S. mainland.