Arc Place Gangnam office Seoul

Cryptocurrencies RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Mergers & Acquisitions Korea’s top cinema chains seek merger to counter box office slump

South Korea’s two leading multiplex operators Lotte Culture Works Co. and Contentree JoongAng Corp. have tentatively agreed to merge in a bid ...

Beauty & Cosmetics Seoul-backed K-beauty brands set to make global mark

As Korean beauty products continue to captivate global consumers, five Seoul-based cosmetics and wellness companies are gearing up to penetrate deep...

Retail When in S. Korea, it’s a ritual: Foreigners make stops at CU, GS25, 7-Eleven

“If you’re going to San Francisco, be sure to wear some flowers in your hair,” as Scott McKenzie sang in the late 1960s and 70s.If...

Arts Maybe Happy Ending: A robot love story that rewrote Broadway playbook

On an unremarkable evening in November 2024, inside the opulent Belasco Theatre in Manhattan, something quietly historic was taking place.A delicate...

Automobiles BMW surpasses Mercedes in Korean sales for 1st time in 10 years

The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a de...

Arts Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs

JAKARTA – Last Thursday, Baik Art gallery in Jakarta, Indonesia, was crowded with well-heeled art patrons eager to meet a revered artist from ...

Business & Politics Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam

South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alask...

Business & Politics Seoul, Washington agree on July tariff deal framework in '2+2' trade talks

WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marki...

Business & Politics Trump Jr. to visit Seoul next week to meet Korean business leaders

Donald Trump Jr., the eldest son of the US President Donald Trump, is set to visit Seoul next week and meet with Korean business leaders grappling w...

Economy Trump’s tariffs are hitting exports, early Korean data show

The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul p...

Real estate Ritz-Carlton to return to Seoul, tapped by IGIS Asset for landmark project

IGIS Asset Management Co., South Korea’s leading real estate investment firm, has named The Ritz-Carlton the preferred hotel brand for its amb...

Leadership & Management Ex-US Congressman Drew Ferguson to head Hyundai's Washington office

Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster...

Aerospace & Defense South Korean defense industry thriving on strong overseas demand

The South Korean defense industry's current heyday is expected to continue for a while as global demand for Korean-made weapons and combat systems h...

Real estate Mirae, Koramco, Hana shortlisted for Korea Post’s core real estate fund

Mirae Asset Global Investments Co., Koramco REITs Management and Trust Co. and Hana Alternative Asset Management Co. were shortlisted for the mandat...

Real estate 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...

Real estate 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...

Sovereign wealth funds Korea’s WGBI inclusion moved to next April; Seoul works on policy steps

South Korea’s much-anticipated inclusion of its bonds in the FTSE World Government Bond Index (WGBI) has been postponed to April 2026 from Nov...

Real estate 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...

Business & Politics S.Korean court to rule on impeached President Yoon’s fate April 4

South Korea’s Constitutional Court on Friday will give its ruling on President Yoon Suk Yeol, who was impeached in December for declaring mart...

Mergers & Acquisitions Hahn & Co. acquires SK Specialty for $1.8 billion

Hahn & Co., South Korea’s largest private equity firm, has finalized the acquisition of SK Specialty Co., the world’s leading produc...

Pension funds CPPIB invests in Seoul office building for rental housing conversion

The Canada Pension Plan Investment Board (CPPIB) and South Korean property developer MGRV have jointly acquired the headquarters of a domestic women...

Real estate 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...

Steel POSCO to sell entire stake in Nippon Steel, ending equity ties

POSCO Holdings Inc. has decided to sell its entire stake in Nippon Steel Corp., according to industry sources on Wednesday, marking the end of their...

Real estate 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...

Mergers & Acquisitions Winia cancels acquisition deal with Seoul Private Equity

Winia Co., a South Korean home appliance manufacturer under court-led restructuring, has terminated its conditional acquisition agreement with Seoul...

Foreign exchange Seoul to lift curbs on banks' investment in kimchi bonds

South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy ...

Real estate Korea’s IGIS Asset puts top Seoul tourist area hotel on market

IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for f...

Real estate Kumho Petrochemical's Seoul headquarters put on market

IGIS Asset Management Co., has put Kumho Petrochemical Group’s headquarters building, Signature Tower in central Seoul, up for sale – a ...

Private equity MBK-owned Homeplus files for corporate revamp with Seoul court

South Korea’s leading hypermarket operator Homeplus Co., wholly owned by North Asia-focused private equity firm MBK Partners, on Tuesday filed...