This article was displayed on the ChosunBiz MoneyMove (MM) site at 5:40 p.m. on Jun. 18, 2026.
Yido, a comprehensive real estate and infrastructure company, is pursuing the sale of "ClubD Geochang" after winding down the premium golf complex cultural space "ClubD Cheongdam" it operated in Seoul's Cheongdam-dong. It is seen as a follow-up measure to its decision to dispose of major noncore assets after receiving a 300 billion won investment from Curious Partners at the end of last year.
According to the investment banking (IB) industry on the 18th, the operating corporation for ClubD Cheongdam, "Yido ClubD Roundy Cheongdam," was dissolved at the end of April.
Yido had leased the building from Daishin Securities to operate ClubD Cheongdam. With the dissolution of the corporation, the existing lease structure shifted to a back-to-back leasing method to JB Corporation. This organizes the structure in which Yido directly leased and operated the site, and allows JB Corporation to utilize the space as the follow-on operator.
A source in the golf industry said, "ClubD Cheongdam had a clear premium concept, but I understand it was difficult to generate stable profits because maintenance and operating expense was high," adding, "It was a business that rose to the top of the list for disposal during Yido's companywide restructuring."
ClubD Cheongdam was an urban golf complex facility that Yido unveiled under the banner of a "high-end golf cultural space." It used a building with above-ground floors 1–3 and one basement level, and the interior consisted of a driving range, golf simulators, lesson rooms, a golf shop, and a restaurant.
The winding down of the ClubD Cheongdam business is part of Yido's ongoing asset efficiency efforts. Yido is also pushing to sell ClubD Geochang, a 27-hole golf course located in Geochang, South Gyeongsang.
This series of restructuring moves is linked to conditions presented when Curious Partners invested 300 billion won in Yido at the end of last year. According to the industry, Curious's investment terms were understood to reflect an internal rate of return (IRR) of around 12%–13% per year.
At the time, as Curious injected funds into Yido's headquarters, it was reported to have requested improvement of the financial structure through the sale of major assets. In addition to ClubD Cheongdam and ClubD Geochang, ClubD Oasis, a water park located in Haeundae, Busan, was also said to be included among the assets for sale.