South Korea's state-run power provider Korea Electric Power Corp. (KEPCO) said Friday that it has opened bids to sell the land that currently holds its headquarters in Seoul, a highly coveted property that it estimated to be worth 3.33 trillion won (US3.3 billion).
KEPCO said it will pick the buyer who offers the highest price through the bidding that will close on Sept. 17. KEPCO's stated value of the plot is much higher than the state-appraised price of 1.48 trillion won as of end of last year, as well as the book value of 2.07 trillion won.