The Millennium Hilton Seoul hotel will permanently close Saturday after 40 years since it opened.
In a notice on its official website, the hotel chain said it will close down all operations by the last day of 2022 and will no longer be included in the Hilton portfolio from Jan. 1, 2023.
The Millennium Hilton Seoul is a five-star hotel in the heart of Seoul that was constructed in 1983. Kimm Jong-soung, one of South Korea's top contemporary architects, designed the structure.
DW Development Co. had previously held the hotel building, but during the 1997 Asian financial crisis, DW Development Co. sold it to City Developments Limited, a Singapore-based real estate company.
The hotel's current owner, IGIS Asset Management Co., announced plans to demolish the structure and build a new residential complex with hotels and offices.


U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Can your cat recognise you by scent? New study shows it’s likely
The American mass exodus to Canada amid Trump 2.0 has yet to materialize
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
How to support someone who is grieving: five research-backed strategies
Yes, government influences wages – but not just in the way you might think 



