Korea to raise unskilled foreign worker visa quota to record high
South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...
Hyundai Group chair exits Schindler-invested unit board
Hyundai Group's chairwoman on Friday resigned from the board of its elevator unit, whose No. 2 shareholder is Schindler Holding AG, amid mounting sh...
Shinhan offers $77 mn debts in merger of Vistra, Tricor
South Korea's Shinhan Investment & Securities Co. said on Wednesday that it has led the merger of financial services firms Vistra and Tricor in ...
S.Korea seeks to sell 29% in game giant Nexon's holding firm
The South Korean government is planning to sell off a 29.3% stake in Tokyo-listed game giant Nexon Co.’s holding firm NXC Corp. via a public b...
Digital infrastructure as essential as water today: asset managers
Digital assets are important components of change in the infrastructure investment landscape today and are as essential as water and electricity, ex...
Whole loans offer funding solution for stretched borrowers: Savills IM
Despite the challenging economic environment, there are still plenty of opportunities for profit in commercial real estate, notably through debt i...
NPS to expand listed REIT, private debt investments
South Korea’s National Pension Service (NPS) will increase investing in real estate debt and listed real estate investment trusts (REITs) next...
S.Korean public sector's ICT systems to fully convert to cloud
South Korea’s public sector, barring extenuating circumstances, will build its information and communications (ICT) systems in private clouds ...
KIC eyes private debt, infrastructure in era of high interest rates
Sovereign wealth fund Korea Investment Corp. (KIC) is eyeing infrastructure and private debt in the era of higher-for-longer interest rates, while m...
Koreans work longer hours than OECD average? Not in some sectors
South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...
Korea Inc.’s record short-term borrowing raises specter of debt overhang
South Korea’s short-term corporate loan growth is picking up at a fast pace, stirring concern among some analysts who see parallels to the 200...
Brookfield puts Conrad Seoul on market at over $370 mn
Brookfield Asset Management is seeking to sell off five-star hotel Conrad Seoul at more than 500 billion won ($369.5 million), tapping real estate i...
Korea’s household, business loans on upswing in September
South Korea’s household debt continued to rise for the sixth consecutive month in September despite stricter regulations on mortgages, while b...
Tesla Model Y reclaims spot as Koreans' favorite foreign car in September
The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...
Korean bond market squeezed by maturing debt, new issues
South Korea’s corporate bond market is saddled with a massive amount of debt due later this year and a surge in banks' new bond issues, amid h...
S.Korea to spur startup investments with eased rules
South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...
Korea markets melt as Fed officials foresee longer-than-expected high rates
South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...
Korean Sept export drop eases as chip sales hit 1-year high
South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...
Fed-triggered taper tantrum takes toll on Korean financial markets
The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...
Lotte Energy Materials to build copper foil plant in US for EV makers
Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, plans to build a copper foil plant in the US to meet grow...
Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn
South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...
Aramco, PIF chief to meet key South Korean figures this week
Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...
Seoul to open hidden space below City Hall subway station
Seoul is set to unveil a secret path below the City Hall subway station to the public for the first time in 40 years as the South Korean capital aim...
Why European real estate debt is compelling now: M&G
Real estate debt has gained recognition as a viable investment vehicle for several reasons. Firstly, investors may benefit from the security provide...
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Korean banks' earnings hit hard by unpaid debts, rate hikes
South Korea’s major banks expect their earnings in the second half to fall on the soaring distressed debts of households and companies due to ...
S.Korea names 20 fabless firms to receive government support
South Korea is set to bolster support for local fabless companies, which design and sell chips, with an aim to grow the firms into global semiconduc...
BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...
Lotte Chemical sells off debt-ridden JV to China's Sanjiang
South Korea’s Lotte Chemical Corp. has divested all shares it owns in Chinese joint venture Lotte Sanjiang Chemical Co., according to people f...
Blackstone, KKR join race for Korean pension fund's real estate debt
South Korea’s Government Employees Pension Service (GEPS) has shortlisted four global investment firms, Blackstone, KKR & Co., Goldman Sac...
