seoul 7th city competitiveness gpci
Scope
Date
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Korean startups
Fractional copyright ownerships are securities: Seoul
Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...
Apr 20, 2022 (Gmt+09:00)
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Real estate
Shinsegae, IGIS bolster tie-ups to bid for IFC Seoul
South Korea's retail giant Shinsegae Group has joined forces with Seoul-based IGIS Asset Management Co. to bid for International Finance Center in S...
Apr 20, 2022 (Gmt+09:00)
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Future mobility
Hilton Seoul to transform into UAM landing area
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...
Apr 18, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Group may raise stake in LS-Nikko Copper to 90%
South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...
Apr 14, 2022 (Gmt+09:00)
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Real estate
Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022
Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...
Apr 11, 2022 (Gmt+09:00)
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Batteries
Korea’s battery trio cornered by Chinese rivals’ overseas advance
China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...
Apr 04, 2022 (Gmt+09:00)
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Economy
South Korean exporters fret over tumbling yen
South Korean exporters such as Hyundai Motor Co. and Kia Corp. are jittery as the country’s won currency hit its strongest level versus the Ja...
Mar 29, 2022 (Gmt+09:00)
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Real estate
Local hotels lure investment on hopes of returning visitors
Investment firms in South Korea are injecting funds into domestic hotels, preparing for the post-pandemic era. The firms are particularly focusing...
Mar 29, 2022 (Gmt+09:00)
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Alternative investments
Korea's new asset managers survive with competitive edge
Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...
Mar 22, 2022 (Gmt+09:00)
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Korean startups
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Mar 22, 2022 (Gmt+09:00)
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Korean startups
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
Mar 21, 2022 (Gmt+09:00)
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Real estate
Lotte seeks first-mover advantage in senior market
South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...
Mar 21, 2022 (Gmt+09:00)
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Food & Beverage
Gucci to open world’s fourth Osteria restaurant in Seoul
Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...
Mar 17, 2022 (Gmt+09:00)
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Alternative investments
Data centers in European core cities are promising, Principal head says
Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...
Mar 16, 2022 (Gmt+09:00)
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IPOs
Seoul to tighten eligibility for institutions to bid for IPOs
South Korea will tighten its eligibility requirements for institutional investors to bid for initial public offerings, a move aimed at cooling the o...
Mar 14, 2022 (Gmt+09:00)
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Business & Politics
President-elect pledges to build S.Korea as 'pivotal' global power
President-elect Yoon Suk-yeol pledges to build South Korea into what he dubs a global 'pivotal' power that contributes to freedom, peace, and prospe...
Mar 10, 2022 (Gmt+09:00)
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Private equity
Actis names Scott Choi as its first Korean partner
Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...
Mar 08, 2022 (Gmt+09:00)
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War in Ukraine
S.Korea exempt from US export control list on Russia
South Korea won an exemption from the United States' expanded export restrictions on Russia over its invasion of Ukraine, the country’s trade ...
Mar 06, 2022 (Gmt+09:00)
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Entertainment
BTS returns to Korean stage for 1st time since 2019
SEOUL — In the latest sign that life is going back to something that resembles the pre-pandemic past, BTS is returning to the stage in Seoul.The...
Feb 25, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC boosts hedge fund investing with Seoul Guarantee Insurance
Korea Investment Corporation (KIC) signed an agreement on Feb. 24 with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge fund...
Feb 24, 2022 (Gmt+09:00)
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Korean Investors
88% of Korean LPs want speedy capital deployment
Asset managers' track record and risk management are the most important factors for South Korean major limited partners when considering new partnersh...
Feb 23, 2022 (Gmt+09:00)
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Entertainment
CJ ENM’s streaming platform raises $209 mn to finance original content
TVing Co. is poised to sell 382,513 new shares to South Korean private equity fund JC Partner Co.’s affiliate to raise 250 billion won ($209 m...
Feb 18, 2022 (Gmt+09:00)
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Private equity
Seoul court upholds Affinity's Kyobo Life valuation
A South Korean court on Thursday ruled in favor of Affinity Equity-led financial investors (FIs) in Kyobo Life Insurance Co., rejecting Kyobo's clai...
Feb 10, 2022 (Gmt+09:00)
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Korean stock market
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
Feb 07, 2022 (Gmt+09:00)
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Fintech
Neck-and-neck contest for fintech assoc. chair narrows
For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – r...
Feb 04, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai, Daewoo race for ship orders after merger fails
The world’s two largest shipbuilders Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering Co. are battling it out t...
Feb 04, 2022 (Gmt+09:00)
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Alternative investments
Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL
Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...
Feb 03, 2022 (Gmt+09:00)
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Private equity
Antin hires Michelle Maeng for Korean fund investor relations
Global infrastructure investment firm Antin Infrastructure Partners SA said on Jan. 25 it has appointed Michelle (Min Kyung) Maeng as its new Invest...
Jan 27, 2022 (Gmt+09:00)
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Alternative investments
Warehouse deals in greater Seoul area hit record high in Q4
The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...
Jan 19, 2022 (Gmt+09:00)
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Alternative investments
Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment
Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...
Jan 11, 2022 (Gmt+09:00)
Latest News
- 1 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 2 Invesco, SK D&D likely to buy co-living building in Seoul
- 3 Coupang bids for Korean luxury market dominance with Farfetch
- 4 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 5 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit