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...
MBK Partners under Korean tax agency scrutiny
MBK Partners, a leading North Asia-focused private equity firm, has come under a probe by South Korea’s National Tax Service (NTS) amid the br...
S.Korean grocery delivery platform Oasis at forefront to acquire TMON
South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...
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...
WeWork closes major office in Seoul for restructuring
Coworking space operator WeWork Inc. is slated to shut down a major office in Seoul, once one of the largest WeWork offices in Asia, in September ...
WeWork’s downsizing plan in Korea to hit office market
Coworking space provider WeWork Inc. plans to downsize its business in South Korea, according to banking sources on Sunday. Market watchers say inve...
Taeyoung’s fresh measures raise hope for debt workout
Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...
WeWork vs Starbucks as workspace in South Korea
In 2019, WeWork’s business model underwent a reality check.Its application for an initial public offering the same year was met with investor ...
Edison Motors and Ssangyong Motor ink takeover deal
Ssangyong Motor Co. has finally found a new owner. South Korea’s bankruptcy court approved Ssangyong Motor Co. and electric carmaker Edison Mo...
Corporate bankruptcy filings hit all-time high in Korea amid global pandemic
Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...
