US data centers-backed REIT seeks $90 mn Korean IPO in 2021

US data centers-backed REIT seeks $90 mn Korean IPO in 2021

A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...

Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City

Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City

South Korea’s Hyundai Glovis Co. and a local port authority will build a logistic center in Vietnam’s Ho Chi Minh City to use it as a di...

Korean investors buy Dutch logistics center using drones and smartphones

Korean investors buy Dutch logistics center using drones and smartphones

South Korea’s Kiwoom Securities Co. has acquired a new logistics center in the Netherlands for 180 billion won ($165 million) this year, relyi...

Korean medical robot opens a new era of neurosurgery in large hospitals

Korean medical robot opens a new era of neurosurgery in large hospitals

South Korea’s first neurosurgery robot, developed by 3D inspection device maker Koh Young Technology Inc., is ready to join the medical robot ma...

Teachers' savings fund to invest $85 mn in Amazon logistics center in US

Teachers' savings fund to invest $85 mn in Amazon logistics center in US

The Korean Teachers’ Credit Union (KTCU) will invest 100 billion won ($85 million) in a pre-completed logistics center leased to Amazon.com in D...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...

Tiger Alternative near closing $247 mn Home Depot logistics center deal: report

Tiger Alternative near closing $247 mn Home Depot logistics center deal: report

Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...

Korean logistics centers see high demand from untact businesses amid global pandemic

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Hyundai, Hankook Tire may rebuild relations with new test-driving center

Hyundai, Hankook Tire may rebuild relations with new test-driving center

Hyundai Motor Group has reached a tentative agreement to build the country’s biggest test-driving center at a new tire testing facility of Hanko...

Shinhan backs AMP Capital’s $763 mn US data center acquisition

Shinhan backs AMP Capital’s $763 mn US data center acquisition

Shinhan Investment Corp. has provided 194.1 billion won ($162 million) in financing for AMP Capital’s 911 billion-won ($763 million) acquisition...

Samsung Sec buys Amazon logistics center in Czech for $160 mn: report

Samsung Sec buys Amazon logistics center in Czech for $160 mn: report

Samsung Securities Co. Ltd. has bought Amazon’s only logistics center in Czech Republic for 186 billion won ($160 million), in its fourth acquis...

Credit Suisse-led fund buys Korean logistics centers for $104 mn

Credit Suisse-led fund buys Korean logistics centers for $104 mn

A fund led by Credit Suisse Asset Management’s real estate investment arm has acquired two logistics centers in South Korea for 120 billion won ($104 ...

Invesco to build $186 mn modern logistics center in Korea

Invesco to build $186 mn modern logistics center in Korea

Invesco will put 208 billion won ($186 million) into a modern logistics center development near Seoul, betting on the fast-growing online delivery mar...

Mirae Asset buys Amazon-leased US distribution center for $78 mn

Mirae Asset buys Amazon-leased US distribution center for $78 mn

Mirae Asset Daewoo Co. Ltd. has closed a $78 million acquisition of an Amazon-occupied new distribution center near Atlanta, funded partly by a senior...

Mirae Asset close to buying Carrefour-leased new logistics center in Poland

Mirae Asset close to buying Carrefour-leased new logistics center in Poland

Mirae Asset Global Investments Co. Ltd., a leading South Korean asset manager, is close to acquiring a new logistics center in Poland for an estimated...

Malaysia pension fund buys Korean logistics center for $70 mn: report

Malaysia pension fund buys Korean logistics center for $70 mn: report

Malaysia’s Employees Provident Fund (EPF) has closed the acquisition of a logistics center near Seoul for around 75 billion won ($67 million) in its f...

Blackstone, Kuwait fund among bidders for NPS’ Sony Center in Berlin: report

Blackstone, Kuwait fund among bidders for NPS’ Sony Center in Berlin: report

Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pen...

Korean brokerage firms buy two UK logistics centers for $240 mn

Korean brokerage firms buy two UK logistics centers for $240 mn

Two South Korean brokerage firms – KB Securities Co. Ltd. and Kiwoom Securities Co. Ltd. – have teamed up to buy a logistics center for 167 billion wo...

Blackstone may inject $200 mn into Korea fund for 6~7 logistics center purchase

Blackstone may inject $200 mn into Korea fund for 6~7 logistics center purchase

The Blackstone Group L.P. is understood to commit about $200 million to a South Korean fund to finance its 70 billion won ($59 million) acquisition of...

Korean firms complete $320 mn financing for Newark Energy Center of US

Korean firms complete $320 mn financing for Newark Energy Center of US

South Korean insurance firms and other institutions have committed a total of $250 million to a local fund set up to provide senior loans to Newark En...

Hanmi Pharm subsidiary JVM to sell fully automated drug inspection machines in US

Hanmi Pharm subsidiary JVM to sell fully automated drug inspection machines in US

Hanmi Pharmaceutical said on Monday that it had signed an agreement with Euclid Medical Products, a company specializing in manufacturing drug dis...

Google Maps, Blackpink fans’ must-have item for Deadline World Tour South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP