Seoul Finance Center
Scope
Date
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ESG investing
Korean insurers finance Carlyle's $2 bn deal with ESG debt
South Korean life insurers have made an environmental, social and governance (ESG)-themed investment in The Carlyle Group's €2 billion ($2.4 bi...
Jun 08, 2021 (Gmt+09:00)
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Rights offerings
Hanwha Systems’ $1 bn rights offer oversubscribed; investors to book gains
South Korea’s Hanwha Systems Co. is set for a successful rights offering as the defense and air mobility unit of Hanwha Group has garnered str...
Jun 07, 2021 (Gmt+09:00)
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E-commerce
Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown
The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...
Jun 07, 2021 (Gmt+09:00)
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Artificial intelligence
Shinhan REITs poised to buy Amazon logistics center
South Korea's Shinhan REITs Management Co. is poised to invest $93 million to buy a pre-completed fulfillment center in New Mexico, under a long-ter...
Jun 04, 2021 (Gmt+09:00)
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Alternative investments
Hana buys Osaka logistics center for about $140 mn
South Korea's Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥...
May 28, 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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Aerospace & Defense
Hanwha, KAIST to co-launch space research center
Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university,...
May 17, 2021 (Gmt+09:00)
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ESG
Hanwha Group secures $4.4 bn from KDB to finance ESG business
South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...
May 12, 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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MICE business
COEX to run Vietnam’s No.2 convention center as MICE industry takes off
The Korea International Trade Association (KITA) and its exhibition operating unit, the Convention & Exhibition Center (COEX), will run Vietnam&...
Mar 09, 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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Rights offerings
Korean Air kicks off biggest-ever rights offer to finance Asiana takeover
Korean Air Lines Co. has kicked off its 3.3 trillion won ($3 billion) rights offering, the biggest amount ever by any South Korean company, to help ...
Feb 22, 2021 (Gmt+09:00)
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IT & Tech
Samsung creates big data center under direct CEO control
Samsung Electronics Co. has launched a Big Data Center in a move to improve the use of big data in the development, marketing and sales of smartphon...
Feb 18, 2021 (Gmt+09:00)
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Artificial intelligence
JR AMC tipped to buy Amazon logistics center in Ohio
South Korea’s JR AMC Co. has been named the preferred buyer of Amazon’s last-mile logistics center in central Ohio, for which the Seoul-...
Feb 02, 2021 (Gmt+09:00)
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Platform investment
Naver plans over $1 bn bond issue in H1 to finance platform investment
Naver Corp., South Korea’s top online portal, plans a bond issue worth as much as 1.26 trillion won ($1.13 billion) in local and ove...
Jan 31, 2021 (Gmt+09:00)
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IPOs
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...
Jan 28, 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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Logistics
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...
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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Airlines
Hahn & Co finances $700 mn Korean Air deal with about $400 mn debt
Hahn & Co., a South Korean private equity firm, has completed the payment for the 790 billion won ($722 million) purchase of Korean Air Lines' i...
Dec 17, 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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Alternative investments
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...
Dec 13, 2020 (Gmt+09:00)
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Project financing
KEXIM to finance Korean firms' Mozambique LNG plant project
The Export-Import Bank of Korea (KEXIM) will provide $500 million in project financing to South Korean companies for their $550 million construction...
Dec 10, 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)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer