KKR, IGIS Asset Management and SK D&D announced their acquisition of Namsan Square, an office tower located in the central business district of Seoul, from a real estate investment trust operated by KOREIT. Built in 1978, Namsan Square is strategically located at the gateway to Seoul's central business district. It occupies more than 75,000 square meters across 23 floors of premium office and retail space and includes tenants such as multinational and South Korean corporations, as well as government organizations.

Formally known as Kukdong Building, Namsan Square has been renovated through the years and holds a LEED Gold green building certificate. The consortium plans to enhance the workspace environment by upgrading the building façade, restrooms and the retail arcade without disruption to existing tenants.