This article was displayed on the ChosunBiz MoneyMove (MM) site at 3:42 p.m. on Mar. 6, 2026.
Base Group, which holds CAMUS E&C and Geumyang International, is pushing to acquire Gamgok Country Club (CC), a public golf course in Eumseong, North Chungcheong. It has a total of 18 holes, and the acquisition price is said to be around 160 billion won.
According to the investment banking (IB) and leisure industries on the 6th, Base Group was recently selected as the preferred bidder for the acquisition of Gamgok CC and is pursuing the deal.
The seller is Paraview Asset Management, the manager of the special-purpose company (SPC) that controls Gamgok CC. The selling side began the sale process late last year and selected the preferred bidder in January after a main bid.
Gamgok CC is a golf course located near the Gamgok interchange on the Jungbu Naeryuk Expressway. Situated at the northernmost tip of Eumseong, North Chungcheong, adjacent to Yeoju, Gyeonggi, it is considered to have excellent accessibility from the Seoul metropolitan area.
The assets for sale are said to include not only the 18-hole golf course but also more than 300,000 pyeong of idle land. As a resort and other facilities can be built on the idle land, some analysts say it has strong development potential.
Gamgok CC's annual sales are said to be about 16 billion won in 2024 and about 15 billion won in 2025.
The seller is currently in litigation with Lemco, the tenant that operates the golf course. Lemco has entered a legal battle, saying Paraview Asset Management is pushing the sale without prior consultation. The selling side says it will continue to push the deal forward.
Base Group is a corporate group centered on the holding company Base Co., with affiliates including Geumyang International, a liquor distribution company, CAMUS E&C, a construction company, and Hoonid, a food service company.
In particular, Geumyang International has exclusively imported and distributed Trump Winery products in Korea since 2017. The wine was also selected as the dinner wine at the recent Asia-Pacific Economic Cooperation (APEC) summit.
On the 5th, Eric Trump, the second son of U.S. President Donald Trump, visited Korea and discussed private development cooperation plans with Kim Seong-jip, chairman of Base Group. Eric Trump currently oversees the operation of luxury assets such as golf courses and hotels at the Trump Organization and also serves as president of Trump Winery.
At the time, Eric Trump said, "Base Group is a trustworthy partner," and Chairman Kim said, "I'm pleased to begin in earnest discussions on new business cooperation with the Trump Organization."