Cohen & Steers names Andrew Shin to lead S.Korea institutional business

US-based investment firm Cohen & Steers Inc. has appointed Andrew Shin, a 20-year veteran of the institutional investment market, as vice presid...

Xiaomi to open first offline store in S.Korea with premium products

Xiaomi Inc., a Chinese technology giant, will open its first offline store in South Korea next week, about six months after its virtual foray into t...

GIC resumes Seoul Finance Center sale in major Korean property deal

Singapore’s sovereign wealth fund GIC is resuming the sale of Seoul Finance Center, a landmark office tower in Seoul's central business distri...

LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...

Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower

Colliers Korea, a unit of global real estate asset management group Colliers, has been chosen as the adviser for the sale of Signature Tower in cent...

IGIS taps Samjong KPMG, Cushman & Wakefiel, NAI for sale of AP Tower

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen a consortium of Samjong KPMG Accounting Corp., Cushman &am...

Shinhan REITs picked as sole bidder for BNK Digital Tower

Shinhan REITs Management is expected to acquire BNK Digital Tower, an office building in the affluent neighborhood of Gangnam in southern Seoul, aft...

IGIS puts office tower, 2 nearby hotels on market in bundled sale

Prime office complex AP Tower and two adjacent hospitality properties in Seoul’s Gangnam Business District have been put up for sale in a bu...

Kia to ramp up Seltos output to meet high global demand

Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...

Kakao founder Kim to resign as control tower chair

Kakao Corp. founder Kim Beom-soo, also known as Brian Kim, will step down as chairman of the South Korean tech giant’s top decision-making bod...

Beauty giant CJ Olive Young to buy Seoul office building for $472 mn

CJ Olive Young Corp., South Korea’s top beauty store chain, has been given priority rights to buy an office building in Seoul for about 680 bi...

Sale of Doosan Tower attracts bids from IGIS, Kiwoom, Korea Investment

The much-anticipated sale of Doosan Tower in Seoul’s central business district (CBD) has attracted bids from three interested parties – ...

NPS closes $1.6 bn Korean office deal; scientists pension eyes NCSOFT building

The National Pension Service (NPS) has completed the purchase of One Grove for 2.3 trillion won ($1.6 billion), its largest single real estate inves...

Koramco seeks to sell Seoul prime office tower in $272 million deal

South Korea’s Koramco REITs Management & Trust Co. is poised sell a prime office building in Seoul in an estimated 400 billion won ($272 m...

China's BYD enters S.Korean EV market

China’s electric vehicle (EV) giant BYD Co. officially debuts in the South Korean passenger car market on January 16. BYD's first-selling...

NCSOFT’s NC Tower up for sale with its value estimated at $272 million

The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...

Seoul office sales rebound for first time in 4 years in 2024

The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...

Cookie Run: Tower of Adventures named Google Play's Best Game

"Cookie Run: Tower of Adventures", the globally popular mobile game of South Korean game developer DevSisters Corp., was selected the Best for Googl...

Samsung Bespoke AI Combo targets European market

Samsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin, Germany on Nov...

NH Nonghyup buys Donuimun D Tower for $640 mn

NH Nonghyup REITs Management Co. has completed the purchase of Donuimun D Tower, a prime office building in central Seoul, for 895.3 billion won ($6...

BYD to debut passenger EVs in South Korea in 2025

China’s electric vehicle giant BYD Co. will debut in the South Korean passenger car market next year with premium models in hopes of becoming ...

KT&G to sell Korean office tower to Pebblestone for $90 mn

KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimat...

NH to buy Donuimun D Tower for $650 mn

South Korea’s NongHyup Financial Group Inc. (NH Financial) is poised to acquire landmark office building Donuimun D Tower for about 900 billio...

Samsung likely to buy The Asset office tower for more than $724 mn

Samsung Group is poised to acquire the Samsung Fire & Marine Insurance Co. headquarters building in Seoul for more than 1 trillion won ($724.4 m...

NongHyup likely to join $654 mn bid for Seoul D Tower office building

South Korea’s NongHyup Financial Group Inc. (NH Financial) is likely to join the race for the purchase of Donuimun D Tower, a landmark office ...

Kia launches 2024 model year of Morning

Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...

Hyundai to raise Tucson Hybrid output in Korea for exports

Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...

Kia premieres EV3 to boost global electrification push

Kia Corp., South Korea’s second-largest automaker, on Thursday premiered the EV3, its low-cost electric sport utility vehicle (SUV), to reboot...

Lotte Tour's Jeju Island casino triples revenue

Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., surpassed $6 million in cumula...

LG’s washers selected as best by Consumer Reports

LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...