POSCO Group has begun selling the Jack Nicklaus Golf Club, an 18-hole membership course in Songdo International City, Incheon, as part of a group-wide restructuring of low-profit, non-core assets. Deloitte Korea is the sale’s lead manager and has distributed investment memorandums to key potential buyers. The course is owned by POSCO Wide, POSCO Group’s real estate management subsidiary. POSCO Wide acquired it in 2022 for approximately 300 billion Korean won, including about 235 billion won in inherited member deposit liabilities and approximately 70 billion won in cash. The transaction was South Korea’s highest-priced domestic golf-course deal at the time and exceeded 16 billion won per hole. The current sale will use competitive bidding, unlike the 2022 acquisition, which used a stalking horse process. POSCO Group has been disposing of non-core assets since 2024 and plans to pursue 3.5 trillion won in restructuring by 2028.