Arc Place Gangnam office Seoul
Scope
Date
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Real estate
NPS in $2 bn real estate development project in Seoul
The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, ...
Aug 26, 2021 (Gmt+09:00)
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Chief Executives
Govt pension fund eyes real estate in non-core areas
South Korea's Government Employees Pension Service (GEPS) is setting its sights on overseas office buildings not only in core regions but in its per...
Aug 25, 2021 (Gmt+09:00)
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Alternative investments
Office tower near Seoul up for sale for about $900 mn
Alpharium Tower, a landmark office tower in Pangyo Techno Valley near Seoul, will be put on the market later this year, which is expected to fetch t...
Aug 13, 2021 (Gmt+09:00)
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Real estate
Seoul property prices rise at world's fastest rate
The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...
Aug 11, 2021 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea's top laundry franchise Cleantopia sold to PEF
South Korea's largest laundry service provider Cleantopia Co. was sold on Tuesday for about 190 billion won ($165 million) to Seoul-based JKL Partne...
Aug 10, 2021 (Gmt+09:00)
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Philanthropy
MBK chair says philanthropy, writing are equally important in his life
Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...
Aug 08, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Seoul to create K-beauty road as part of interactive tourism
South Korea’s capital city Seoul will set up a walking route full of beauty products, services and interactive programs for visiting tourists....
Aug 04, 2021 (Gmt+09:00)
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ESG
LG Display to power all offices with 100% renewable energy
LG Display Co., a major South Korean display panel maker, said on Monday it is shifting to 100% renewable energy to power all its business offices i...
Jul 26, 2021 (Gmt+09:00)
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Automobiles
Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame
Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...
Jul 23, 2021 (Gmt+09:00)
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Culture & Trends
Lee Kun-hee’s art collection exhibited from this month in Seoul
The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...
Jul 20, 2021 (Gmt+09:00)
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Entertainment
Disney Plus' S.Korea launch delayed after Netflix's court loss
Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...
Jul 20, 2021 (Gmt+09:00)
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Real estate
Korean funds weigh overseas real estate exits in H2
Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...
Jul 14, 2021 (Gmt+09:00)
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Robotics
Woowa Brothers launches last-mile indoor food delivery robot in Seoul
Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...
Jul 13, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung’s LED business makes big global rebound
Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...
Jul 08, 2021 (Gmt+09:00)
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Artificial intelligence
Naver says it's constructing world’s first robot-friendly building
The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...
Jul 05, 2021 (Gmt+09:00)
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COVID-19
Eyegene to kick off Korea’s first mRNA clinical trial
Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...
Jul 01, 2021 (Gmt+09:00)
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Entertainment
Netflix loses first court case over network usage fee
Global streaming giant Netflix Inc. lost a South Korean court case on Friday, in the world's first ruling over a dispute about whether over-the-top ...
Jun 25, 2021 (Gmt+09:00)
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Electric vehicles
Seoul to host EV-only Formula E World Championship in 2022
South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...
Jun 18, 2021 (Gmt+09:00)
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Korean startups
FastFive secures near $30 mn; pushes to become office solutions provider
South Korea's co-working space provider FastFive Co. announced on June 11 that it has raised 30 billion won ($27 million) from seven investors, brin...
Jun 11, 2021 (Gmt+09:00)
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Korean startups
Delivery service provider Barogo wraps up $72 mn Series C round
Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...
Jun 10, 2021 (Gmt+09:00)
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ESG
Korea’s corporate HQ buildings are becoming clean power generators
ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...
Jun 04, 2021 (Gmt+09:00)
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Metaverse
Metaverse makes digital nomads the new norm
It’s been about four months since Lee Seul, a manager at real estate app Zigbang, worked from the company office in Gangnam, one of South Kore...
May 26, 2021 (Gmt+09:00)
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Hotel sale
Hilton Seoul likely to be transformed into office
Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...
May 24, 2021 (Gmt+09:00)
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Travel & Leisure
Shinsegae Group unveils Josun Palace, its first super-luxury hotel
South Korea’s retail giant Shinsegae Group is strengthening its luxury hotel business with the grand opening of Josun Palace in the Gangnam ne...
May 24, 2021 (Gmt+09:00)
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Real estate
Downtown Seoul office building prices rise to record high
Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...
May 18, 2021 (Gmt+09:00)
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REITs
JR AMC buys $140 mn stake in NY office building
South Korea's JR AMC Co. has signed a $140 million agreement to buy a 49.9% stake in a New York office building from JPMorgan Asset Management. Once...
May 12, 2021 (Gmt+09:00)
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Real estate
Korean investors in renewed push for global property deals
South Korea's IGIS Asset Management Co. and Hana Financial Investment Co. have acquired a 49% stake in the headquarters of the US mortgage lender Fa...
May 07, 2021 (Gmt+09:00)
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IPOs
Anchor Equity eyes IPO of coffee chain A Twosome Place
A Twosome Place is poised to be South Korea's first listed coffee chain as its owner Anchor Equity Partners has kicked off the process of its initia...
May 03, 2021 (Gmt+09:00)
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Korean chipmakers
Korean LED maker moves up to 3rd place; CEO still growing hair
Seoul Semiconductor Co., whose founder and CEO has not cut his hair since 2018 to concentrate on patent lawsuits, has moved up one notch to third pl...
Apr 13, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC opens San Francisco office to boost VC deals
The Korea Investment Corporation (KIC) officially opened its San Francisco office on Mar. 26, as part of its efforts to improve deal sourcing and in...
Mar 26, 2021 (Gmt+09:00)
Latest News
- 1 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 2 POSCO Future M breaks with China in cathode supply chain
- 3 GIC resumes Seoul Finance Center sale in potential megadeal
- 4 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 5 Invesco, SK D&D likely to buy co-living building in Seoul