membership warehouse club

Real estate Blackstone zooms in on hotels, warehouses in Korea

The global real estate market is poised for a recovery, led by industrial warehouses, residential facilities and data centers benefiting from declin...

Food & Beverage Paris Baguette partners with Tottenham Hotspur

South Korean bakery brand Paris Baguette, operated by SPC Group, said on Wednesday it partnered with Premier League football club Tottenham Hotspu...

Retail US warehouse giant Costco outperforms peers in S.Korea

Membership fees couldn't keep cost-conscious South Korean consumers from rushing to Costco stores to buy big-box items at lower prices, leading the ...

Airlines Air Incheon obtains IATA membership

South Korea's cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association (IATA) last...

Bio & Pharma Costco sells Celltrion's Yuflyma Low WAC in US

South Korea's Celltrion Inc. announced on Tuesday that its autoimmune disease treatment Yuflyma (Low WAC, active ingredient adalimumab) is now avail...

Real estate Korea's warehouses suffer oversupply, rising vacancies

Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...

Korean startups Korean AI startups yet to join global unicorn club

The number of artificial intelligence unicorns has been on the rise thanks to the AI boom, but none of these South Korean AI startups have yet to jo...

Corporate bonds Qcells’ residential solar financing unit raises $253 mn through ABS

Hanwha Q Cells Co., the solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, ...

E-commerce Coupang to raise membership fees, 1st hike in over 2 years

Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...

Shipping & Shipbuilding HD Hyundai Marine Solution aims for top spot in global ship repair market

When the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a ...

Retail Hyundai Dept. Store launches membership for foreigners

South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign cus...

Pension funds Korean military fund anchors $142 mn real estate fund

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...

Real estate Korean office, warehouse transactions plunge in Q1-Q3

The South Korean commercial real estate market saw its transaction value during the first three quarters of this year reach 10.9 trillion won ($8.4 ...

Real estate Warburg Pincus’ JV to invest in Korean prime warehouses

US private equity firm Warburg Pincus LLC said on Tuesday it will establish a joint venture in South Korea via its Asia real estate fund to invest i...

Automobiles LG Uplus, Toyota Motor Korea team up for EV chargning

South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...

Real estate AEW, Pebblestone buy Korean logistics center for $238 mn

Seoul-based Pebblestone Asset Management Co. and US real estate investor AEW Capital Management have completed the acquisition of a logistics ce...

Logistics Lotte Global Logistics, CoEvolution to develop automatic solutions

South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with ...

Tech, Media & Telecom Naver Smart Store's 100 mn won club reaches 45,000 members

Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...

Business & Politics Samsung Securities decides not to rejoin Korea’s top business lobby

Samsung Securities Co., in a surprise move, has decided not to rejoin South Korea’s top business lobby, the Federation of Korean Industries (F...

Business & Politics Korea’s Big Four conglomerates likely to regain FKI membership

South Korea’s four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as members of the count...

Pension funds S.Korea's NPS sells off Australian warehouse equity at $368 mn

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Monday it has sold off a 50% stake in an Austra...

Logistics Hanjin teams up with global fandom company bemyfriends

South Korea's Hanjin Transportation on Wednesday said it signed an agreement on business cooperation in the US with the Seoul-based global fandom co...

Regulations Go bolder with regulatory reform to foster unicorns in Korea: KERI

Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to...

Logistics CJ Logistics revamps itself into tech-based company

South Korea’s CJ Logistics on Monday said it has revamped its internal organization that it had maintained since its foundation in 1930. ...

Automobiles Kumho Tire signs official sponsorship deal with AC Milan

South Korea's Kumho Tire Co. has signed a sponsorship agreement as the official tire partner with the prestigious Italian football club AC Milan.Kum...

Automobiles Hyundai Motor’s IONIQ 6 shows off 3rd-longest driving range in US  

The IONIQ 6, the first fully electric sedan by Hyundai Motor Co., has been named one of the top three distance champions in the US based on tests by...

Retail Korean golf club, apparel markets face decline in post-pandemic era

South Korea’s golf equipment and apparel markets enjoyed a boom during COVID-19. But they are facing a downturn this year amid the growing pop...

Logistics CJ OliveNetworks to build pharmaceutical distribution center

South Korean digital service company CJ OliveNetworks is accelerating its logistics center operations by teaming up with Pusan National University Y...

Retail Korea's E-Mart shares tumble despite push for profitability

South Korea’s largest hypermarket chain E-Mart Inc., a unit of a local retail giant Shinsegae Group, suffered a drop in its share prices to a ...

Banking & Finance Mirae Asset Securities joins Singapore Exchange's trading membership

South Korea's Mirae Asset Securities has made history as the first Korean financial investment firm to join the Singapore Exchange's (SGX) trading...