IGIS Asset resumes sale of KIC-backed Shilla Stay Seodaemun

Shilla Stay Seodaemun has been put on the market again amid signs of a recovery in South Korea’s hospitality industry, after earlier attempts ...

Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotels

Goldman Sachs, in partnership with JB Asset Management Co., has acquired Mercure Ambassador Seoul Hongdae, a prominent mixed-use commercial property...

Time to spend: Korean shoppers loosen purse strings on luxuries, hotels

South Korea’s long-dormant consumer sector is showing signs of revival, as shoppers – once paralyzed by political uncertainty – re...

Korean hotels bask in rising foreign visitors; travel agencies in trouble

Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...

IGIS puts office tower, 2 nearby hotels on market in bundled sale

Prime office complex AP Tower and two adjacent hospitality properties in Seoul’s Gangnam Business District have been put up for sale in a bu...

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...

J-R AMC, BlueCove bid on $70 million sale of Mirae Asset, NPS’ Shilla Stay

The sale of Shilla Stay Dongtan, a premium business hotel operated by South Korea’s Hotel Shilla Co., has attracted four bidders, underscoring...

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...

GIC at forefront of $413-mn deal to buy hotels from South Korea’s DL Group

Singapore sovereign wealth fund GIC Pte. has been given priority rights to buy three hotels valued at more than 600 billion won ($413 million) toget...

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...

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...

Korea’s DL Group to sell hotels for $462 mn in further restructuring

DL Group, South Korea’s petrochemical-to-construction conglomerate is putting some hotels on the market to raise an estimated 650 billion won ...

Hotel Shilla to open 16th Shilla Stay in Jeonju

South Korea’s Hotel Shilla, said on Thursday that it will open its 16th Shilla Stay hotel in Jeonju, North Jeolla Province, on December 10.&nb...

S.Korea’s premium kimchi war escalated by luxury hotels

Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...

Lotte Hotels & Resorts to upcycle used PET bottles

South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...

Paradise opens VIP-only casino at Walkerhill Hotel

Paradise Co., a South Korean casino operator, unveiled a new VIP section at its Walkerhill Hotel casino, aiming to capitalize on its recent performa...

Kakao Mobility introduces robot delivery at Resom Resort

South Korea's Kakao Mobility announced on Wednesday that it partnered with Hoban Hotels & Resorts to operate the robot delivery service Bring at...

Korean Telco giant KT’s Midas touch with hotel business  

KT Corp., one of South Korea’s top three mobile carriers, is on a roll in the hotel business despite its late foray into the hospitality indus...

SM Entertainment, S.Korean startup Jienem to build K-Pop hotel

South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...

Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Lotte Hotels & Resorts opens L7 Hotel in Chicago

South Korea’s Lotte Hotels & Resorts announced on Friday that it held the opening event for L7 Chicago by Lotte in Chicago, the US, E...

InterContinental Seoul COEX to close in July

Parnas Hotel announced on Monday that the InterContinental Seoul COEX, which opened in 1999, will close its operations on July 1 and is scheduled to...

Hotel Lotte resumes global push with management deals

Hotel Lotte Co., South Korea’s leading hospitality, leisure and travel retail giant, has resumed its global expansion push after its hotel and...

Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...

Korean retailers, hotels enjoy tourist boom in May holidays

South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...

Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn

Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...

Samsung heiress sells $326 mn worth of Samsung Elec shares

Samsung Group heiress and Hotel Shilla Chief Executive Lee Boo-jin sold 441.2 billion won ($325.9 million) worth of Samsung Electronics Co. shares i...

Hanwha Hotels & Resorts credit rating upgrades to A-

South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...

LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...