The Centrale

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 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 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...

Central bank S.Korea’s c.bank chief sees limited impact of political turmoil on economy

South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...

Central bank BOK makes 1st back-to-back rate cut since 2009 global crisis

South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...

Central bank BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Economy State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

Central bank BOK flags more rate cuts but in gradual, small steps

South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in...

Economy Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

Korean food Korean ramen makers set sights beyond US to Latin America

Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...

Batteries EcoPro, China’s GEM to build cathode complex in Indonesia

South Korea’s leading electric vehicle cell materials producer EcoPro Group joined hands with the world’s second-largest precursor manuf...

Economy S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Retail BGF Retail’s CU looks beyond Kazakhstan deep into Central Asia

Kazakhstan, a Central Asian country 27 times the area of South Korea, did not have any modernized convenience stores until early this year.The count...

Beauty & Cosmetics Amorepacific's Hera enters Thai market

South Korea's Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera opened its first store on August 8 at Central Chi...

Shipping & Shipbuilding HD Hyundai Marine wins $30 mn LNG-FSU conversion deal

South Korea's HD Hyundai Marine Solution Co. secured its first project to convert a floating storage unit for liquefied natural gas (LNG-FSU).HD Hyu...

Energy LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

South Korea's LS Eco Energy Ltd. said on Friday that its Vietnamese unit LS-VINA has completed a supply of around 2,000 kilometers of overhead power...

Automobiles Central Asia emerging as South Korea’s new used car export market

South Korea’s export volume of secondhand vehicles to Central Asia is increasing for an unexpected reason: Russia.According to the Korea Inter...

Central bank BOK chief signals rate cut; warns of rising housing prices

The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...

Airlines Air Premia, Alaska Airlines sign interline agreement

South Korea's Air Premia Inc. announced on Thursday that it partnered with Alaska Airlines, the fifth-largest US carrier, through an interline agr...

Real estate 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 ...

Banking & Finance KB Kookmin Bank, Cambodian Central Bank to build payment system

South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...

Central bank S.Korea-Malaysia central banks renew currency swap agreement

Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...

Retail BGF to vigorously expand convenience stores in Kazakhstan

BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to cran...

Aerospace & Defense KOTRA holds drone roadshow in Kazakhstan

Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that the Korea-Kazakhstan Drone Roadshow opened in Astana, the capital of Kazak...

Economy Korea’s rate cut hope wanes with inflation above 3% in March

South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...

Central bank South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

Automobiles S.Korean used cars flow into Russia via Central Asia

Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...

Construction Central, South America: Korean builders’ El Dorado

South Korean construction companies are penetrating deeper into Central and South America, where high demand for infrastructure facilities is now se...

Central bank South Korean central bank not to increase gold reserves

South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...

Central bank BOK hints at policy rate peak but in no hurry to cut rates

South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting...