SEOUL – Jan. 12, 2005 – South Korea's Hanwha Group plans to spend a total of 323.6 billion won (US$307.7 million) to build more condominiums and golf courses by the end of 2008.

An official said the group hoped to strengthen its position as the country's top provider of recreation services.

Hanwha Group's latest investment plan ties up with its move into the premium resort market. Last month, it purchased a country club near Nagasaki Airport in Japan and plans to buy more resorts both at home and abroad.

Source: Asia Pulse