Global Resources Office
Scope
Date
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Real estate
Beauty giant CJ Olive Young to buy Seoul office building for $472 mn
CJ Olive Young Corp., South Korea’s top beauty store chain, has been given priority rights to buy an office building in Seoul for about 680 bi...
Feb 19, 2025 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s Hanwha eyes L-SAM exports with UAE’s EDGE
Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...
Feb 19, 2025 (Gmt+09:00)
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Machinery
Korean tractor maker Daedong ends two-decade partnership with Deere
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...
Feb 18, 2025 (Gmt+09:00)
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Real estate
Sale of Doosan Tower attracts bids from IGIS, Kiwoom, Korea Investment
The much-anticipated sale of Doosan Tower in Seoul’s central business district (CBD) has attracted bids from three interested parties – ...
Feb 10, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty giants Amorepacific, LG H&H come back from China woes
South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering from years of lackluster overseas business p...
Feb 06, 2025 (Gmt+09:00)
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Real estate
NPS closes $1.6 bn Korean office deal; scientists pension eyes NCSOFT building
The National Pension Service (NPS) has completed the purchase of One Grove for 2.3 trillion won ($1.6 billion), its largest single real estate inves...
Feb 06, 2025 (Gmt+09:00)
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Earnings
Kia hits record 2024 sales; profit margins highest among global automakers
South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...
Jan 24, 2025 (Gmt+09:00)
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Earnings
Samsung Biologics posts record 2024 sales, operating profit as it goes global
South Korea's Samsung Biologics Co., the world’s largest contract drugmaker, on Wednesday posted its largest-ever annual sales and operating p...
Jan 22, 2025 (Gmt+09:00)
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Business & Politics
Samsung, LG consider moving electronics plants to US from Mexico
South Korea’s leading electronics companies such as Samsung and LG are considering moving their plants in Mexico to the US to respond to Presi...
Jan 21, 2025 (Gmt+09:00)
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Steel
Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers
Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers ot...
Jan 21, 2025 (Gmt+09:00)
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Real estate
Blackstone zooms in on hotels, warehouses in Korea
The global real estate market is poised for a recovery, led by industrial warehouses, residential facilities and data centers benefiting from declin...
Jan 21, 2025 (Gmt+09:00)
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Banking & Finance
Hana Financial, Bain Capital to expand investment in S.Korea
South Korean Hana Financial Group and the US-based global well-known private equity fund (PEF) Bain Capital plan to strengthen their strategic par...
Jan 20, 2025 (Gmt+09:00)
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Private equity
Korea’s Hwasung Cosmetics shines with Affirma Capital’s Midas touch
Singapore-based private equity firm Affirma Capital has turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beau...
Jan 16, 2025 (Gmt+09:00)
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Webtoons
Naver Webtoon invests in Japan's Number Nine
South Korea's Naver Webtoon said on Thursday that its Japanese service operator Line Digital Frontier invested in Number Nine, a webtoon studio in J...
Jan 16, 2025 (Gmt+09:00)
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Real estate
Koramco seeks to sell Seoul prime office tower in $272 million deal
South Korea’s Koramco REITs Management & Trust Co. is poised sell a prime office building in Seoul in an estimated 400 billion won ($272 m...
Jan 13, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie kicks off sale of DIG Airgas estimated at over $3.4 billion
Macquarie Asset Management has embarked on a process to sell off its 100% stake in South Korea’s third-largest industrial gas producer DIG Air...
Jan 13, 2025 (Gmt+09:00)
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Real estate
NCSOFT’s NC Tower up for sale with its value estimated at $272 million
The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...
Jan 10, 2025 (Gmt+09:00)
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Earnings
LG Energy logs 1st quarterly loss in over 3 years, outlook remains gloomy
LG Energy Solution Ltd. reported its first quarterly loss in more than three years on Thursday, adding to concerns that the world’s third-larg...
Jan 09, 2025 (Gmt+09:00)
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Banking & Finance
Korea Eximbank issues $3 bn global bonds
The Export-Import Bank of Korea (Eximbank) said on Wednesday it issued a total of $3 billion in global bonds, targeting worldwide investors.The matu...
Jan 08, 2025 (Gmt+09:00)
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Real estate
Seoul office sales rebound for first time in 4 years in 2024
The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...
Jan 03, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE eyes $180.05 bn worth of orders in 2025
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), said Friday it aims to win $180.05 billion ...
Jan 03, 2025 (Gmt+09:00)
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Alternative investments
Korean pension funds raise bets on infrastructure, global stocks
South Korean pension funds are raising their bets on infrastructure and global stocks, while reducing exposure to the domestic stock market on a dow...
Jan 01, 2025 (Gmt+09:00)
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Foreign exchange
Global investment banks see Korean won staying weak in 2025
The South Korean won is forecast to hover in the mid-1,400s level against the dollar through the third quarter of 2025, according to global investme...
Dec 31, 2024 (Gmt+09:00)
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Korean stock market
Kospi to move in 2,350-3,200 range in 2025: brokerages
South Korean stocks are expected to bounce back in the new year as their extremely low valuation following investors’ massive sell-offs in 202...
Dec 31, 2024 (Gmt+09:00)
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Korean food
K-food, fashion, beauty to up ante on global push in 2025
South Korean food, beauty and fashion companies, which have enjoyed robust demand for their products in overseas markets this year, will grow bolder...
Dec 31, 2024 (Gmt+09:00)
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Robotics
Samsung joins humanoid robots race with larger stake in Rainbow Robotics
Samsung Electronics Co. has become the largest shareholder of Rainbow Robotics Co., a South Korean collaborative robot maker, as the tech giant spen...
Dec 31, 2024 (Gmt+09:00)
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Food & Beverage
S.Korea's office cafeteria firms expand into overseas markets
South Korea's office cafeteria companies, including Hyundai Green Food Co., Ourhome, and Samsung Welstory plan to expand overseas markets with the p...
Dec 30, 2024 (Gmt+09:00)
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Logistics
Hanjin expands GDC at Incheon Airport
South Korea's Hanjin Transportation said on Monday it expanded its global distribution center (GDC) at Incheon International Airport to meet the dem...
Dec 30, 2024 (Gmt+09:00)
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Business & Politics
US finalizes $4.7 bn chip subsidy for Samsung before Trump takes office
WASHINGTON – The US finalized a $4.7 billion government subsidy for Samsung Electronics Co.'s planned microchip facilities in Texas about a mo...
Dec 22, 2024 (Gmt+09:00)
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Energy
KEPCO expects all-time high $207 mn in 2024 overseas investment returns
Korea Electric Power Corp. (KEPCO), the state-run utility company, expects to post its highest-ever overseas business performance this year, thanks ...
Dec 20, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet