Business · Companies · 6 hrs ago

South Korean Companies Expand Ownership of Japanese Golf Courses

South Korean Companies Expand Ownership of Japanese Golf Courses

South Korean companies are buying golf courses in Japan, as they seek to expand their holdings.

A Korean leisure-industry institute counted 57 courses owned by South Korean firms, while the headline describes the total as about 60.

The push follows rising golf fees in South Korea since the COVID-19 pandemic.

At the same time, a weaker yen has lowered purchase and operating costs for buyers investing in Japan.

The companies named include Samick and Hoban.

Further acquisition talks are underway, though no details of those negotiations are given.

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