POBA Gangnam Tower

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...

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...

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...

Leadership & Management 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...

Real estate 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...

Real estate 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 – ...

Real estate 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...

Real estate 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...

Real estate 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...

Real estate 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...

Korean games 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...

Real estate 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...

Real estate 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...

Real estate 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...

Real estate 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...

Real estate Korea’s POBA to invest $109 mn in Koramco’s office REIT

South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...

Real estate 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 ...

Food & Beverage Shinsegae Dept. Store to sell luxury wines in Gangnam

South Korean retail giant Shinsegae Group is set to sell luxury wines with price tags up to tens of thousands of dollars in Seoul, as demand for pre...

Beauty & Cosmetics US cosmetics brand Bath & Body Works enters S.Korea

The US-based cosmetics brand Bath & Body Works, renowned for its diverse lineup of over 250 fragrances, enters the South Korean market. Shi...

Pension funds POBA favors data centers, senior housing in Europe: CIO

South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 bill...

Travel & Leisure 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...

Electronics LG Elec sees AI air conditioner sales 30% increase in Q1

LG Electronics Inc. announced on Friday that the sales of air conditioner models equipped with artificial intelligence (AI) features in the Whisen l...

Real estate Keppel REIT to sell Seoul-based prime office T Tower

Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate manag...

Retail Louis Vuitton opens its first 'Watches & Jewelry' store in S.Korea

Louis Vuitton announced on Friday that it opened its first Watches & Jewelry store in South Korea at the Shinsegae Department Store Gangnam loca...

Real estate Shinhan to build landmark office tower for non-banking units

Shinhan Financial Group Co., South Korea's second-largest financial group, plans to build a new high-rise office tower in Seoul’s central busi...

Real estate Samsung Fire headquarters up for sale at about $746 mn

The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...

Real estate Seoul landmark Donuimun D Tower put up for sale

South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 ...

Food & Beverage Lotte gets exclusive right of Bacha Coffee in S.Korea

South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...

Retail Lotte World Tower sees record-high visitors in 2023

Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...