Seoul city government
Scope
Date
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Sovereign wealth funds
Korea’s WGBI inclusion moved to next April; Seoul works on policy steps
South Korea’s much-anticipated inclusion of its bonds in the FTSE World Government Bond Index (WGBI) has been postponed to April 2026 from Nov...
Apr 09, 2025 (Gmt+09:00)
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Real estate
Asia Property to buy WeWork building in Seoul
Seoul-based real estate investment firm Asia Property has been picked as the sole preferred bidder for an office building currently occupied by cowo...
Apr 04, 2025 (Gmt+09:00)
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Private equity
MBK sees better exit landscape in 2025, bets on governance reform
MBK Partners sees a recovery in the exit environment in 2025 and seeks to capitalize on the opportunities emerging from corporate governance reform ...
Apr 03, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. acquires SK Specialty for $1.8 billion
Hahn & Co., South Korea’s largest private equity firm, has finalized the acquisition of SK Specialty Co., the world’s leading produc...
Apr 01, 2025 (Gmt+09:00)
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Business & Politics
Wycombe Abbey to establish 1st Korean campus in Incheon’s Midan City
Wycombe Abbey, one of the UK’s leading independent boarding schools, has been chosen as the top bidder to establish an international school in...
Mar 31, 2025 (Gmt+09:00)
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Pension funds
CPPIB invests in Seoul office building for rental housing conversion
The Canada Pension Plan Investment Board (CPPIB) and South Korean property developer MGRV have jointly acquired the headquarters of a domestic women...
Mar 26, 2025 (Gmt+09:00)
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Real estate
Shinhan REITs picked as sole bidder for BNK Digital Tower
Shinhan REITs Management is expected to acquire BNK Digital Tower, an office building in the affluent neighborhood of Gangnam in southern Seoul, aft...
Mar 21, 2025 (Gmt+09:00)
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Steel
POSCO to sell entire stake in Nippon Steel, ending equity ties
POSCO Holdings Inc. has decided to sell its entire stake in Nippon Steel Corp., according to industry sources on Wednesday, marking the end of their...
Mar 20, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Winia cancels acquisition deal with Seoul Private Equity
Winia Co., a South Korean home appliance manufacturer under court-led restructuring, has terminated its conditional acquisition agreement with Seoul...
Mar 14, 2025 (Gmt+09:00)
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Foreign exchange
Seoul to lift curbs on banks' investment in kimchi bonds
South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy ...
Mar 09, 2025 (Gmt+09:00)
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Real estate
Korea’s IGIS Asset puts top Seoul tourist area hotel on market
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for f...
Mar 07, 2025 (Gmt+09:00)
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Real estate
Kumho Petrochemical's Seoul headquarters put on market
IGIS Asset Management Co., has put Kumho Petrochemical Group’s headquarters building, Signature Tower in central Seoul, up for sale – a ...
Mar 06, 2025 (Gmt+09:00)
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Business & Politics
Asia’s defense stocks climb on hopes of more European arms spending
Defense stocks in key Asian markets jumped on Tuesday, buoyed by expectations that European nations will boost security spending amid fears that the...
Mar 05, 2025 (Gmt+09:00)
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Private equity
MBK-owned Homeplus files for corporate revamp with Seoul court
South Korea’s leading hypermarket operator Homeplus Co., wholly owned by North Asia-focused private equity firm MBK Partners, on Tuesday filed...
Mar 04, 2025 (Gmt+09:00)
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Upcoming IPOs
Seoul Guarantee Insurance to raise $124 million from IPO
Seoul Guarantee Insurance Co. (SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second ...
Mar 04, 2025 (Gmt+09:00)
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Automobiles
Hankook Tire, Lamborghini strengthen ties as chairmen set to meet
Cho Hyun-bum, chairman of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Technology Co., i...
Feb 28, 2025 (Gmt+09:00)
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Steel
Dongkuk to file anti-dumping petition vs Chinese color steel imports
Dongkuk Coated Metal Co. and SeAh Steel Corp. are set to file an anti-dumping complaint against Chinese rivals in March as the country plans to impo...
Feb 27, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
US Defense Secretary Pete Hegseth eyes March visit to Seoul
US Defense Secretary Pete Hegseth is arranging a visit to South Korea next month to inspect shipyards and discuss cooperation on naval vessel constr...
Feb 26, 2025 (Gmt+09:00)
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Central bank
Bank of Korea cuts rates, growth forecast on Trump tariff policy
South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fo...
Feb 25, 2025 (Gmt+09:00)
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Real estate
Macquarie to sell Seoul hotel to KB Asset for $119 million
Macquarie Asset Management is poised to sell a four-star hotel in Seoul for about 170 billion won ($118.7 million) to South Korea’s KB Asset M...
Feb 21, 2025 (Gmt+09:00)
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Business & Politics
Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief
Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...
Feb 19, 2025 (Gmt+09:00)
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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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Mergers & Acquisitions
Seoul Private Equity seeks to buy Winia under court receivership
Seoul Private Equity has signed a conditional agreement to buy Winia Co., a home appliance manufacturer under court receivership, through a stalking...
Feb 19, 2025 (Gmt+09:00)
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Sovereign bonds
Foreigners return to Korean debt market; Korea on course to join WGBI
Foreigners scooped up South Korean government bonds in January despite the country’s ongoing political upheavals, betting big on the country&r...
Feb 13, 2025 (Gmt+09:00)
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Pension funds
Korea to let securities firms manage $43 bn public fund investment pool
South Korea said on Wednesday it aims to boost returns on 62.1 billion won ($42.7 billion) in the public fund investment pool by entrusting some of ...
Feb 12, 2025 (Gmt+09:00)
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Tech, Media & Telecom
Microsoft CEO Nadella seeks AI alliance with Hyundai, POSCO, Shinhan, KT
Microsoft Corp. Chairman and Chief Executive Satya Nadella is seeking to forge an artificial intelligence alliance with major South Korean companies...
Feb 11, 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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IPOs
Korean firms cut IPO prices, volumes amid bearish sentiment
South Korean companies are relaunching attempts to go public with lower valuations and fewer shares amid continued sour investor sentiment.CK Soluti...
Feb 05, 2025 (Gmt+09:00)
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Real estate
Koramco REITS chosen preferred buyer of Crescendo Building in Seoul
Koramco REITs Management & Trust Co., a leading South Korean real estate firm, has been chosen as the preferred negotiator to buy the Crescendo ...
Jan 30, 2025 (Gmt+09:00)
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Regulations
South Korea allows foreigners to trade treasuries via omnibus accounts
South Korea will allow foreign investors to trade South Korean treasury bonds via omnibus accounts under the names of global custodians or asset man...
Jan 27, 2025 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess