Pungsan Group has strongly denied recent media reports suggesting the company is planning to acquire Jack Nicklaus Golf Club (GC) Korea, a prestigious golf course located in Songdo, Incheon.

In an official regulatory disclosure released on May 14, the South Korean manufacturing conglomerate moved quickly to squash the rumors.

"The content of the report about the pursuit of the Jack Nicklaus GC acquisition is not true," Pungsan clarified in the statement, explicitly adding, "We are not considering this acquisition."

The Rumor vs. The Reality

The official denial comes after a local media outlet reported that Pungsan Group had already taken concrete steps toward a buyout. According to those initial reports, the group had allegedly selected a financial advisor to review the deal's structure and valuation.

However, Pungsan's swift public disclosure has firmly put those claims to rest.

A Record-Breaking Property

Jack Nicklaus GC Korea is widely regarded as one of the country's ultra-premium golfing venues.

• The Design: Opened in 2010, the 18-hole membership golf course in Songdo was directly designed by legendary American golfer Jack Nicklaus.
• The Current Owner: Since 2022, the club has been owned by POSCO Wide, the real estate management arm of the POSCO Group.
• The Valuation: When POSCO Wide acquired the property, the transaction price reportedly shattered records, exceeding 16 billion won per hole—marking the highest price ever recorded for a golf course transaction in South Korea.

Despite the intense market speculation surrounding the future of this landmark property, Pungsan has made it clear that they have no intention of entering the luxury golf market anytime soon.