An unnamed family that owns a South Korean multinational company has purchased two golf courses in Orange County for $121.6 million.
The acquisition was made through Irvine-based mining company STI USA, as reported by the Orange County Business Journal on July 24, citing unnamed sources.
The seller is Dallas-based Invited, a golf course operator that has sold more than 20 golf course properties since 2020, grossing a total of $275 million.
The golf courses purchased are the Coto de Caza Golf & Racquet Club, which has 36 holes, and the Aliso Viejo Country Club, which has 18 holes, averaging $2.25 million paid per hole.
The purchase price of the Coto de Caza Golf & Racquet Club is approximately $81 million. The facility sits on 152 acres and includes a clubhouse, fitness center, racquet (squash) courts, and swimming pool. The Aliso Viejo Club has a purchase price of $40.6 million and spans 216 acres, featuring a clubhouse, fitness center, dining room, and card room.
The purchaser, STI International, is a company co-founded by the late Samtan Chairman Emeritus Seongyeon Yoo and the late Samchully founder Janggyun Lee. Samchully USA, founded in 1999, is the predecessor of STI USA. The company is also widely known as Samtan USA. Currently, STI USA is reportedly led by Sanghoon Lee.
BY JAESUN SUH, HOONSIK WOO [suh.jaesun@koreadaily.com]
