Asia Property to buy WeWork building in Seoul
Seoul-based real estate investment firm Asia Property has been picked as the sole preferred bidder for an office building currently occupied by cowo...
Fila sportswear brand downsizes loss-making US business
South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in N...
Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla
Kyung Bok Kung Duty-Free Co., a lesser-known travel retailer, has bucked the trend of South Korea's sluggish duty-free retail industry on a downward...
Kakao to merge dk techin and Kakao Brain
South Korea's Kakao Corp. said on August 23 that its mobile solution development subsidiary dK Techin Corp. will merge with its AI technology affili...
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
WeWork closes major office in Seoul for restructuring
Coworking space operator WeWork Inc. is slated to shut down a major office in Seoul, once one of the largest WeWork offices in Asia, in September ...
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech com...
WeWork’s downsizing plan in Korea to hit office market
Coworking space provider WeWork Inc. plans to downsize its business in South Korea, according to banking sources on Sunday. Market watchers say inve...
Kolon Industries to downsize industrial film business amid weak demand
Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...
WeWork vs Starbucks as workspace in South Korea
In 2019, WeWork’s business model underwent a reality check.Its application for an initial public offering the same year was met with investor ...
Google, Microsoft laying off staff in S.Korea
The South Korean branches of Google and Microsoft have started efforts to cut staff in line with what analysts call large-scale restructuring of glo...
Hyundai mulls downsizing skyscraper for future mobility
Hyundai Motor Co. is at a crossroads over the construction of its $3.4 billion global business center, deliberating on whether to downsize the 105-s...
