Seoul shares break through 2,600 to hit record close

Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...

Bluespace.ai to develop autonomous mass transit system in Seoul

Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...

Seoul apartments’ average selling price tops 1 billion won for first time

The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

KIC's moving out of Seoul gains momentum after April election

The South Korean government is expected to push ahead with the plan to move Korea Investment Corporation (KIC) and other public agencies to provincial...

Two Europe-focused REITs seek $600 mn IPOs in Seoul

Two real estate investment trusts (REITs) backed by office buildings in Belgium and France are planning to raise a combined $600 million through initi...

KKR consortium buys Seoul office tower from NPS

A consortium of KKR & Co. and two South Korean companies have closed the acquisition of a Seoul office tower from the National Pension Service (NP...

Brookfield completes $1.9 bn debt refinancing on IFC Seoul

Brookfield Asset Management Inc. has borrowed an additional 475 billion won ($402 million) on International Finance Center in Seoul (IFC Seoul) in a 2...

PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn

Hong Kong-based investment firm PAG has been named a preferred buyer of Grand Hyatt Seoul and its nearby residential land which are valued at abou...

Brookfield seeks refinance of $1.5 bn debt on IFC Seoul

Brookfield Asset Management Inc. is seeking to refinance 1.8 trillion won ($1.5 billion) of debts it borrowed on the International Finance Center in S...

PGIM to secure $60 mn from Seoul office sale to Keppel

PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...

Keppel Group unit set to net $250 mn from value-add deals in Seoul

Alpha Investment Partners, part of Singapore-based Keppel Capital, is set to secure over $250 million from selling two Seoul office buildings for arou...

Keppel likely to buy three Seoul buildings in $400 mn package deal

The South Korean unit of Singapore-based asset manager Keppel Capital was picked as the preferred buyer for three Seoul office buildings in a package ...

French PE Ardian opens 4th Asian office in Seoul

Paris-based private equity house Ardian has opened a Seoul office as its fourth Asian base, as South Korean institutional investors such as pension fu...

Ascendas buys $69 mn Seoul hotel from KTCU-backed fund

Singapore’s Ascendas Hospitality Trust has acquired a hotel in downtown Seoul for 77.5 billion won ($69 million) from a South Korean real estate fund ...

KKR, NPS to invest $700 mn in $1.9 bn Seoul real estate project

Private equity firm KKR & Co and South Korea’s National Pension Service (NPS) will make an equity investment of 800 billion won ($704 million) in ...

NH Investment named as preferred buyer of Seoul Square in $873 mn deal

NH Investment & Securities Co. Ltd. was chosen as the preferred buyer for a landmark Seoul office building, according to the South Korean brokerag...

Alpha Investment in talks to sell Seoul building for over $850 mn

Singapore-based Alpha Investment Partners is in negotiations with Hana Financial Investment Co. Ltd. to sell a landmark office building across S...

ADIA seeks to exit Seoul office building as new supply fuels competition

Abu Dhabi Investment Authority (ADIA) will put a 14-story office building in Seoul up for sale, in a deal expected to fetch between 550 billion and 60...

World’s first real estate blockchain expo to take place in Seoul

Real Estate Blockchain Expo 2018 (RBE 2018), the world’s first real estate blockchain expo, will be held in Seoul this coming September. The exp...

M&G Real Estate to buy $1 bn Seoul building as KKR backs down

M&G Real Estate of London-based Prudential Plc. will sign an agreement soon to buy new twin office towers in Seoul for around 1.1 trillion won ($1...

KKR consortium poised to buy $1 bn Seoul office tower

A consortium of KKR & Co. and South Korea’s IGIS Asset Management Co. Ltd. on March 30 was selected as a preferred buyer of twin office towers in ...

Blackstone, Korea Post among bidders for $1 bn new office tower in Seoul

Twin office towers under construction in Seoul, worth an estimated 1.1 trillion won ($1 billion), have attracted Blackstone Group, Korea Post and five...

Anbang Life-backed fund buys Seoul building for $225 mn

A fund led by a South Korean unit of China’s Anbang Life Insurance Co. Ltd. has bought a prime office building in Seoul for 240 billion won ($22...

IFM Investors opens Seoul office; upbeat on renewable energy

Australia’s IFM Investors opened its eighth global office in Seoul on Nov. 30, at a time when key South Korean asset owners stressed the importance of...

Ascendas-Singbridge buys mid-sized building in Seoul for $92 mn

Singapore’s Ascendas-Singbridge Group closed the acquisition of a newly-built office building in Seoul for S$124.3 million ($92.3 million) this week, ...

KIC CIO to speak in global real estate, infrastructure summit in Seoul

Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit ...

PAG buys Seoul office building from POBA-led fund for $270 mn

Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Bene...

Carlyle to consolidate Seoul office, putting ADT Korea back up for sale

The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men gro...

Veteran Korean real estate investor sees growth in Seoul office building market

Low foreign ownership, swelling assets at South Korean institutional investors and small office space per worker all point to growth potential for...