Brookfield exit from Conrad Seoul
Scope
Date
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Electric vehicles
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...
Jun 18, 2021 (Gmt+09:00)
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Private equity
Bain Capital to gain $90 mn from exit of Schwan's deal
Bain Capital is set to pocket about 100 billion won ($90 million) in profits in two years from its equity financing of the South Korean CJ Group's $...
Jun 17, 2021 (Gmt+09:00)
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Korean startups
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...
Jun 10, 2021 (Gmt+09:00)
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Business & Politics
Citibank alludes to S.Korean retail business closure
Citibank Korea will begin to examine ways to gradually liquidate its consumer banking business as it faces difficulties in selling the retail operat...
Jun 04, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics expands overseas appliance plants as it exits phone business
LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...
Jun 02, 2021 (Gmt+09:00)
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Hotel sale
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...
May 24, 2021 (Gmt+09:00)
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Real estate
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 ...
May 18, 2021 (Gmt+09:00)
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Private equity
IMM PE's art of the exit: Cable maker, online mall
Seoul-based IMM Private Equity has come into the spotlight with a series of lucrative exits in South Korea, including the 265 billion won ($237 mill...
Apr 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE exits S.Korea's No.2 electric wire manufacturer
Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...
Mar 29, 2021 (Gmt+09:00)
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Energy
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...
Mar 10, 2021 (Gmt+09:00)
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PEFs
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...
Feb 26, 2021 (Gmt+09:00)
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Real estate
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...
Jan 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Jan 24, 2021 (Gmt+09:00)
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Alternative investments
Keppel looking to exit two Seoul office towers for over $200 mn
Singapore-based Keppel Investment Management is preparing to sell two office buildings in Seoul, less than two years after it acquired them for arou...
Jan 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Yogiyo sale gains steam as Baemin investors set for Q1 exit
Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing t...
Jan 14, 2021 (Gmt+09:00)
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Trade insurance
Seoul to offer $3 bn credit insurance on Saudi's megaprojects
Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...
Jan 08, 2021 (Gmt+09:00)
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IPOs
Seoul stock markets brimming with startup IPOs in Jan
Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...
Dec 23, 2020 (Gmt+09:00)
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Future mobility
Autonomous driving startup 42dot plans Level 4 self-driving in Seoul
42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...
Dec 21, 2020 (Gmt+09:00)
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Lotte World Tower
Sunset paints crimson sky over Seoul
Bravehearted visitors enjoy a scenic sunset view from Lotte World Tower's Sky Bridge, an 11-meter bridge connecting the two steel peaks of t...
Dec 18, 2020 (Gmt+09:00)
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Markets
Seoul shares tipped to benefit from global indices' China exclusions
Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...
Dec 13, 2020 (Gmt+09:00)
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Private equity
MBK looks to exit China’s Apex Logistics for $1 bn
MBK Partners has begun the process to sell Apex Logistics, China’s leading air freight company, for about 10 times the amount of its investmen...
Dec 04, 2020 (Gmt+09:00)
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Airlines
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...
Dec 01, 2020 (Gmt+09:00)
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Energy
Saudi crown prince to be top shareholder of Seoul-listed gaming firm
The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game...
Nov 27, 2020 (Gmt+09:00)
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Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
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Korean stock market
Market rally double-edged sword for fund managers as investors exit
The South Korean stock market’s recent rally is both a blessing and a curse for fund managers as investors are increasingly exiting their funds ...
Nov 17, 2020 (Gmt+09:00)
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Future mobility
Bluespace.ai to develop autonomous mass transit system in Seoul
Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...
Nov 09, 2020 (Gmt+09:00)
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Private equity exit
IMM PE seeks to exit Korean power cable maker
IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 mill...
Oct 15, 2020 (Gmt+09:00)
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Private debt
Brookfield's debt fund to raise $610 mn from Korea
Brookfield Infrastructure Partners will collect around 700 billion won ($610 million) from South Korean institutional investors for its second credit ...
Oct 12, 2020 (Gmt+09:00)
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Private debt
Brookfield set to raise $610 mn for new infrastructure debt fund: report
Brookfield Asset Management Inc. will collect around 700 billion won ($610 million) from South Korean institutional investors for its second infrastru...
Oct 11, 2020 (Gmt+09:00)
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Energy
South Korea seeks to exit Africa mining JV despite rising nickel demand
State-run Korea Resources Corp. has embarked on a plan to sell its stake in a loss-making nickel mining joint venture in Madagascar, Africa, after the...
Aug 26, 2020 (Gmt+09:00)