Eugene Group will transfer the headquarters and offices of major nonfinancial affiliates, including EUGENE Corporation, to an integrated building in Gongdeok-dong, Mapo-gu, Seoul as early as September. The plan is to bring together affiliates scattered across Yeouido and Yongsan into one place to strengthen collaboration. Financial affiliates such as Eugene Investment & Securities, Eugene Private Equity (PE), and Eugene Asset Management will remain in Yeouido.
According to related industry sources on the 10th, Eugene Group is in the final stages of confirming the tenant affiliates and transfer schedule for the integrated building prepared at 254-8, Gongdeok-dong, Mapo-gu. The transfer is expected to begin as early as September.
The integrated building is an office tower with six underground floors and 18 above ground, with a total floor area of about 22,647㎡. The site area is 1,935㎡. It is close to Gongdeok Station, where Subway Lines 5 and 6, the Gyeongui-Jungang Line, and the Airport Railroad pass.
Eugene REITs Management, a real estate asset management affiliate of Eugene Group, was selected as the preferred bidder to acquire the building in July last year and completed the acquisition in January this year. The purchase price of the building is 133 billion won, and the total investment, including acquisition tax and financing and other incidental costs, is about 156 billion won.
Eugene Group is currently selecting tenants by considering the work characteristics of each affiliate and the office space needed. Affiliates expected to be included in the transfer include EUGENE Corporation, which effectively serves as the group's holding company while directly operating the ready-mixed concrete and building materials businesses, as well as Tongyang, Eugene Home Center, and Eugene Hanil Synthetic Fiber.
By contrast, financial affiliates such as Eugene Investment & Securities, Eugene Private Equity, and Eugene Asset Management will remain in Yeouido. The judgment is that maintaining Yeouido's business environment, where securities firms, asset managers, and investment companies are concentrated, is advantageous for sales and personnel management.
EUGENE Corporation currently has its headquarters at Park One in Yeouido, Seoul. Tongyang uses the BNK Financial Tower in Yeouido as its headquarters. Founded in 1955, Tongyang is engaged in ready-mixed concrete manufacturing, construction, plants, and real estate development, and it was incorporated into Eugene Group in 2016.
Eugene Home Center is a distribution affiliate that operates the U.S. home repair and household goods brand Ace Hardware in Korea. It currently has its headquarters in the annex of Etland on Wonhyo-ro, Yongsan-gu, Seoul. Eugene Hanil Synthetic Fiber, a textile and chemical affiliate, currently uses the LG Mapo Building in Gongdeok-dong, so if it transfers to the integrated building, it will move offices within Gongdeok-dong.
A Eugene Group official said, "While the tenant affiliates have not been finally confirmed, most nonfinancial affiliates are subject to transfer," adding, "The goal of creating the integrated building is to gather affiliates dispersed across various areas to strengthen the collaboration system and raise synergy among affiliates."
Eugene Group traces its roots to Daheung Confectionery, founded in 1954 by founding chairman Yu Jae-pil. Starting with supplying hardtack to the military in the 1960s, it expanded its business, establishing Eugene General Development in 1979 to enter the ready-mixed concrete business and founding EUGENE Corporation in 1984 to enter the cement business.
According to the Korea Fair Trade Commission's materials designating business groups subject to public disclosure for 2026, Eugene Group ranks 71st out of 102 corporate groups, with total assets of 7.4517 trillion won. As of the end of last year, it had 68 affiliates, total assets of 7.4517 trillion won, sales of 4.2494 trillion won, and net profit of 455.5 billion won.