Hilton Seoul to transform into UAM landing area
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...
LS Group may raise stake in LS-Nikko Copper to 90%
South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...
Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022
Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...
Local hotels lure investment on hopes of returning visitors
Investment firms in South Korea are injecting funds into domestic hotels, preparing for the post-pandemic era. The firms are particularly focusing...
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Samsung Electro-Mechanics to invest $245 mn more in capex
South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...
Lotte seeks first-mover advantage in senior market
South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...
Gucci to open world’s fourth Osteria restaurant in Seoul
Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...
SK Siltron to ramp up silicon wafer output from 2024
South Korean silicon wafer maker SK Siltron Co. on Wednesday announced a plan to spend 1 trillion won ($810 million) on its domestic capacity expans...
Seoul to tighten eligibility for institutions to bid for IPOs
South Korea will tighten its eligibility requirements for institutional investors to bid for initial public offerings, a move aimed at cooling the o...
Samsung Electro-Mechanics to focus on IT, automotive electronics sectors
South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...
President-elect pledges to build S.Korea as 'pivotal' global power
President-elect Yoon Suk-yeol pledges to build South Korea into what he dubs a global 'pivotal' power that contributes to freedom, peace, and prospe...
Actis names Scott Choi as its first Korean partner
Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...
S.Korea exempt from US export control list on Russia
South Korea won an exemption from the United States' expanded export restrictions on Russia over its invasion of Ukraine, the country’s trade ...
BTS returns to Korean stage for 1st time since 2019
SEOUL — In the latest sign that life is going back to something that resembles the pre-pandemic past, BTS is returning to the stage in Seoul.The...
KIC boosts hedge fund investing with Seoul Guarantee Insurance
Korea Investment Corporation (KIC) signed an agreement on Feb. 24 with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge fund...
88% of Korean LPs want speedy capital deployment
Asset managers' track record and risk management are the most important factors for South Korean major limited partners when considering new partnersh...
Seoul court upholds Affinity's Kyobo Life valuation
A South Korean court on Thursday ruled in favor of Affinity Equity-led financial investors (FIs) in Kyobo Life Insurance Co., rejecting Kyobo's clai...
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL
Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...
Antin hires Michelle Maeng for Korean fund investor relations
Global infrastructure investment firm Antin Infrastructure Partners SA said on Jan. 25 it has appointed Michelle (Min Kyung) Maeng as its new Invest...
Hanmi, other chip machine makers to benefit from TSMC capex hike
Hanmi Semiconductor Co., a chip equipment supplier to global foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), has posted record profit ...
Warehouse deals in greater Seoul area hit record high in Q4
The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...
Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment
Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...
SK subsidiaries form ICT alliance
South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...
Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV
South Korea’s leading petrochemical company SK Geo Centric Co. and Japan’s chemicals producer Tokuyama Corp. plan to found a joint ventu...
Kosdaq Listed Companies Association announces top Kosdaq blue chips
The Kosdaq Listed Companies Association of South Korea announced its top Kosdaq blue chips during its 13th annual award conference held on Dec. 16...
Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy
Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...
Credit Suisse promotes two MDs in Seoul
Credit Suisse Group AG has appointed two South Koreans as new managing directors (MD) for its Seoul office. Shim Jong-min and Kim Sei-won were promo...
Korea exports hit record to top $640 bn in 2021
South Korea’s exports have reached an all-time high thanks to strong overseas demand for key products such as semiconductors amid the global e...
