Gyeonggi considers selling Suwon headquarters amid fiscal crisis
South Korea’s Gyeonggi Province is considering selling its Gwanggyo headquarters property in Suwon to raise funds amid a fiscal crisis and accumulated debt exceeding 7 trillion won. The estimated appraisal value is 720–870 billion won. A provincial official said the option remains preliminary, with no concrete sale plan established; proceeding would require provincial council approval and other procedures.