Seoul commits $204 mn to attract foreign-invested firms by 2026

Seoul commits $204 mn to attract foreign-invested firms by 2026

Foreign-invested enterprises (FIEs) to be set up in Seoul, South Korea from 2022 will receive increased incentives and reduction in office rent, acc...

Goldman promotes TMT banker to MD in Seoul

Goldman promotes TMT banker to MD in Seoul

Goldman Sachs Group Inc. on Nov. 2 announced the promotions of two Korean executive directors in its Seoul office to managing directors (MDs), the b...

Sweden's EQT staffs up in Asia with focus on Korea

Sweden's EQT staffs up in Asia with focus on Korea

EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...

EQT to open Seoul office by yr-end to source Korean deals

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

Hilton Seoul to be redeveloped as mixed-use complex

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...

Korea private debt growth at record high of $98 bn in Q2

Korea private debt growth at record high of $98 bn in Q2

South Korea’s private sector debt jumped near $100 billion in the April-June period, a record high of quarterly growth, amid an overheating pr...

POSCO to transfer hydrogen steel tech to industry peers for shared growth

POSCO to transfer hydrogen steel tech to industry peers for shared growth

The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...

Police fund to appoint equities specialist as CIO

Police fund to appoint equities specialist as CIO

South Korea's Police Mutual Aid Association (PMAA) has picked Han Jong-seok, a former chief investment officer of Meritz Asset Management Co. and eq...

Seoul may curb margin loans to rein in household debt

Seoul may curb margin loans to rein in household debt

South Korea is considering curbing margin loans offered by brokerage companies to stock investors, as part of the government efforts to rein in soar...

Monroe Capital opens first Asian outpost in Seoul

Monroe Capital opens first Asian outpost in Seoul

The US private credit markets-focused Monroe Capital LLC has made its foray into Asia by opening an office in South Korea, where the National Pensio...

Seoul Q2 office prices rise at fastest rate in 10 yrs

Seoul Q2 office prices rise at fastest rate in 10 yrs

Seoul office building prices rose at their strongest rate in 10 years in the second quarter of this year, driven by domestic investors as the Seoul ...

NPS in $2 bn real estate development project in Seoul

NPS in $2 bn real estate development project in Seoul

The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, ...

Office tower near Seoul up for sale for about $900 mn

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...

Seoul property prices rise at world's fastest rate

Seoul property prices rise at world's fastest rate

The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...

S.Korea's top laundry franchise Cleantopia sold to PEF

S.Korea's top laundry franchise Cleantopia sold to PEF

South Korea's largest laundry service provider Cleantopia Co. was sold on Tuesday for about 190 billion won ($165 million) to Seoul-based JKL Partne...

MBK chair says philanthropy, writing are equally important in his life

MBK chair says philanthropy, writing are equally important in his life

Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...

Seoul to create K-beauty road as part of interactive tourism

Seoul to create K-beauty road as part of interactive tourism

South Korea’s capital city Seoul will set up a walking route full of beauty products, services and interactive programs for visiting tourists....

Lee Kun-hee’s art collection exhibited from this month in Seoul

Lee Kun-hee’s art collection exhibited from this month in Seoul

The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...

Disney Plus' S.Korea launch delayed after Netflix's court loss

Disney Plus' S.Korea launch delayed after Netflix's court loss

Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...

Woowa Brothers launches last-mile indoor food delivery robot in Seoul

Woowa Brothers launches last-mile indoor food delivery robot in Seoul

Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...

Netflix loses first court case over network usage fee

Netflix loses first court case over network usage fee

Global streaming giant Netflix Inc. lost a South Korean court case on Friday, in the world's first ruling over a dispute about whether over-the-top ...

Seoul to host EV-only Formula E World Championship in 2022

Seoul to host EV-only Formula E World Championship in 2022

South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...

Delivery service provider Barogo wraps up $72 mn Series C round

Delivery service provider Barogo wraps up $72 mn Series C round

Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...

Hilton Seoul likely to be transformed into office

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

Downtown Seoul office building prices rise to record high

Downtown Seoul office building prices rise to record high

Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...

Hyosung TNC’s Love Seoul made of recycled PET bottles

Hyosung TNC’s Love Seoul made of recycled PET bottles

Hyosung TNC Corp., a South Korean textile and yarn maker, has unveiled garments made of eco-friendly polyester yarn extracted from recycled PET bott...

Blackstone to open Seoul office for improved communication

Blackstone to open Seoul office for improved communication

The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...

Seoul office building transactions at record high in 2020

Seoul office building transactions at record high in 2020

Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...

Seoul to lower bar for M&As; easing rules over PEF deals

Seoul to lower bar for M&As; easing rules over PEF deals

South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race