SK Ecoplant raises over $800 mn from Korean PE firms

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

Singapore approves Korean Air-Asiana combination

Singapore’s antitrust authority approved the integration of Korean Air Lines Co. and Asiana Airlines Inc., paving the way for South Korea&rsqu...

Korea's Toss targets SE Asia, Japan with super app

South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...

IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management ...

Hilton Seoul to be redeveloped as mixed-use complex

Millennium Hilton Seoul will likely join the ranks of five-star hotels in downtown Seoul that were sold for redevelopment into luxury residential or...

Travel bubble triples Koreans’ trips to Saipan

A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...

Korea property startup Kasa to launch exchange in Singapore

Kasa Korea Co., a property investment platform, is set to expand its services to help global users invest in real estate in the world by obtaining l...

Asia’s Covid-19 Success Stories Warily Ponder Post-Vaccination Moves

Earlier this month, Singapore reached a Covid-19 milestone: The fully vaccinated portion of the population crossed 80%. But instead of moving ahead wi...

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...

Morai's virtual testing solution reduces testing period for self-driving cars

A self-driving car needs to pass all sorts of tests before setting off for the open road. It needs to experience different types of roads, terrain f...

Singapore emerges as new financial hub for S.Korean banks

South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...

Coupang changes leadership roles to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...

Mirae, Naver set for hefty profit from Didi Chuxing IPO

The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected to generate as much as 200 bil...

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...

HiteJinro to export Terra beer to Hong Kong, Singapore, US

South Korea’s record-breaking Terra beer will begin exports to Hong Kong this month, and to Singapore and the United States from the latter ha...

Coupang to start first overseas operation in Singapore

South Korea’s e-commerce giant Coupang Corp. is moving forward with its global expansion plans by entering the Singapore market. The New York ...

NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower

The National Pension Service and Germany’s Allianz SE are in negotiations  to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...

KIC CEO to meet GIC, Temasek execs during Singapore trip

Korea Investment Corporation (KIC) Chief Executive Choi Heenam will make his first overseas business trip in 11 months to visit Singapore this month...

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...

Hyundai Motor begins Singapore innovation lab construction

Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...

Singapore's ride-sharing giant Grab raises $200 mn from STIC Investments

Grab Holdings Inc., a Singapore-based technology company, has raised $200 million from South Korean private equity firm STIC Investments Inc., the fir...

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

KIC to open Singapore office to boost Asian alternative investment

Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia...

KTB Investment raises $82 mn aircraft fund for lease to Singapore Airlines

KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion wo...