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Finanace

Korean firm behind $2 mil. Trump payment to build golf club in Hanam

Base Group, a medium-sized Korean conglomerate that made headlines for paying $2 million to the Trump Organization, will establish Trump International Golf Club in Hanam, Gyeonggi Province, the company said Thursday. In a press release, the company described the golf course as “the first Trump-brand golf development project in Northeast Asia” adding that the city of Hanam was chosen for its accessibility from the Seoul metropolitan area. In the release, Eric Trump, U.S. President Donald Trump’s second-oldest son and executive vice president of the Trump Organization, expressed his excitement to develop Trump International Golf Club Korea with Base Group and introduce the Trump brand to the Korean market for the first time. He said Korea is an extremely dynamic and sophisticated market, and the organization sees tremendous potential in creating a world-class Trump-branded golf course. “It will be a milestone for not only Base Group but also the domestic golf industry,” Base Group Chairman Kim Sung-jib said. “We are delighted to introduce Trump International Golf Club Korea togeth

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