Seoul real estate deal
Scope
Date
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Retail
CU to sell souvenir snack set for foreign tourists
South Korean convenience store chain CU next month will launch a souvenir snack set for foreign tourists.This will be the first product of its kind ...
Oct 27, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal
DOHA -- HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas ca...
Oct 25, 2023 (Gmt+09:00)
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Construction
KKR expected to buy 100% stake in Taeyoung Industry
Global private equity giant KKR & Co. Inc. is expected to take over Taeyoung Industry Corp., a cash cow of South Korea’s medium-sized busi...
Oct 25, 2023 (Gmt+09:00)
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ASK 2023
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...
Oct 25, 2023 (Gmt+09:00)
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Retail
Lotte Home Shopping, Thai TACC in Bellygom character licensing deal
Lotte Home Shopping Inc. has signed a character licensing agreement with Thailand’s TAC Consumer Public Co. (TACC), a lifestyle product and be...
Oct 24, 2023 (Gmt+09:00)
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Regulations
Korea’s antitrust body grants conditional OK to Broadcom-VMware deal
South Korea’s antitrust regulator on Monday granted conditional approval for US smartphone components maker Broadcom Inc.’s proposed pur...
Oct 23, 2023 (Gmt+09:00)
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Batteries
Tesla supplier L&F to ink $15 bn materials deal in Europe
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., is set to sell products in Europe through an estimated $15 bi...
Oct 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia
RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...
Oct 23, 2023 (Gmt+09:00)
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ASK 2023
Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul
Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...
Oct 23, 2023 (Gmt+09:00)
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Batteries
Samsung SDI inks first battery supply deal with Hyundai
Samsung SDI Co. said on Monday it has signed its first supply agreement with Hyundai Motor Co. to become the South Korean carmaker’s third dom...
Oct 23, 2023 (Gmt+09:00)
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Batteries
China’s graphite export curbs deal blow to Korean battery sector
South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...
Oct 20, 2023 (Gmt+09:00)
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Retail
HDC IPark Mall opens S.Korea's first Nintendo pop-up store
South Korea’s HDC IPark Mall has opened Japanese game giant Nintendo’s first official pop-up store at the Yongsan location in Seoul fr...
Oct 20, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free focuses energy on stores in Seoul
South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...
Oct 20, 2023 (Gmt+09:00)
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Real estate
Blackstone names Koramco preferred bidder for $553 mn landmark
Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...
Oct 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia sign power chip supply, tech tie-up deal with Infineon
South Korea’s top automaker Hyundai Motor Group has formed a strategic partnership with German chipmaker Infineon Technologies AG to secure a ...
Oct 18, 2023 (Gmt+09:00)
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Bio & Pharma
Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young
Asia’s leading drug distributor Zuellig Pharma is considering the acquisition of Geo-Young Corp., the largest medicine wholesaler in South Kor...
Oct 18, 2023 (Gmt+09:00)
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Real estate
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...
Oct 17, 2023 (Gmt+09:00)
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Robotics
Robot dog Spot patrols Kia auto plant late at night
South Korean carmaker Kia Corp. ’s plant in Hwaseong, a southern suburb of Seoul in Gyeonggi Province, is guarded late at night by Spot, a fou...
Oct 17, 2023 (Gmt+09:00)
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Korean startups
100 new South Korean AI vanguards to be unveiled
One hundred new South Korean startups at the vanguard of development of innovative AI technology will be unveiled later this month, according to The...
Oct 16, 2023 (Gmt+09:00)
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Robotics
Hanwha Robotics produces kitchen automation robots
South Korea’s Hanwha Robotics on Sunday announced its signing of an agreement on the development and commercial use of a robotics system for k...
Oct 16, 2023 (Gmt+09:00)
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Real estate
Mirae Asset puts HI Investment headquarters on the market
South Korea’s Mirae Asset Global Investments Co. is seeking to sell off HI Investment & Securities Co. headquarters, the value of which is...
Oct 12, 2023 (Gmt+09:00)
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Energy
POSCO International, GS Caltex to build palm oil refinery in Indonesia
South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility ...
Oct 12, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to launch AI chatbot service for foreign visitors' tour planning
Seoul city government is in talks with tech firms including Google LLC, Microsoft Corp. and Naver Corp. to provide foreigners with artificial intell...
Oct 11, 2023 (Gmt+09:00)
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Batteries
LG Chem to supply cathode materials to Toyota's N.American plant
LG Chem Ltd. will supply cathode materials to Toyota Motor's North American battery plant, with the South Korean company concluding its second long-...
Oct 11, 2023 (Gmt+09:00)
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Food & Beverage
Daesang holds kimchi pop-up event in Seoul
South Korean food company Daesang Corp. on Friday said it is holding through Oct. 15 the country’s first kimchi pop-up store “Kimchi Bla...
Oct 06, 2023 (Gmt+09:00)
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Construction
Samsung C&T to join Indonesia's smart city project
South Korea's Samsung C&T Corp. announced on Friday that it has signed a memorandum of understanding (MOU) with Indonesia's premier real estate ...
Oct 06, 2023 (Gmt+09:00)
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Food & Beverage
Canada's Tim Hortons to open 2nd store in Gangnam
Canada's No. 1 coffee chain Tim Hortons announced on Thursday that it plans to establish its second South Korean flagship store at the bustling Te...
Oct 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom enters Japan's pet care market
South Korea’s SK Telecom Co. has entered the Japanese pet market using its innovative artificial intelligence (AI) under a tie-up with Japan&r...
Oct 04, 2023 (Gmt+09:00)
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Batteries
SK Ecoplant, Ascend Elements in $66 mn US battery recycling JV deal
SK Ecoplant Co., a South Korean construction engineering and waste management firm, and its two overseas affiliates are launching a $65.8 million ba...
Sep 26, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion signs largest-ever quarterly deal with global sales affiliate
Celltrion Inc., a South Korean biopharmaceutical giant, said Monday it will provide biosimilars worth 423.6 billion won ($323.6 million), its larges...
Sep 25, 2023 (Gmt+09:00)