resort

Private equity Bain Capital acquires control of Mohegan's Korean resort

Private equity firm Bain Capital has acquired control of Mohegan Inspire Entertainment Resort on Yeongjong Island, the largest integrated resort in ...

Travel & Leisure Lotte Hotels & Resorts to upcycle used PET bottles

South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...

Robotics Hoban partners with Kakao, Bear Robotics for robot-based services

Hoban Construction Ltd. announced on Friday that it has signed a business agreement (MOU) with Kakao Mobility and Bear Robotics to standardize the o...

Future mobility Kakao Mobility introduces robot delivery at Resom Resort

South Korea's Kakao Mobility announced on Wednesday that it partnered with Hoban Hotels & Resorts to operate the robot delivery service Bring at...

Construction Korea’s top landscaping firm Dawon to expand in SE Asia

South Korea’s Dawon Corporation aims to expand its business in Southeast Asia as it beat out major domestic builders such as Samsung C&T C...

Travel & Leisure Korea’s top resort operator Sono buys T'way stake for $76 mn

South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billio...

Travel & Leisure Lotte Hotels & Resorts opens L7 Hotel in Chicago

South Korea’s Lotte Hotels & Resorts announced on Friday that it held the opening event for L7 Chicago by Lotte in Chicago, the US, E...

Real estate Japan golf courses, Korean investors’ new target assets

South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...

Travel & Leisure Hotel Lotte resumes global push with management deals

Hotel Lotte Co., South Korea’s leading hospitality, leisure and travel retail giant, has resumed its global expansion push after its hotel and...

Real estate Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn

Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...

Future mobility Hyundai, Red Sea Global agree on EV, AAM projects in Saudi luxury resorts

South Korea’s top automaker Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Globa...

Corporate bonds Hanwha Hotels & Resorts credit rating upgrades to A-

South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...

Airlines Jin Air offers up to 15% discount on Japan routes

South Korea's low-cost carrier Jin Air announced on Friday that it will offer various benefits to passengers on its Japan routes until Mar. 24.Jin A...

Travel & Leisure Mohegan fuels casino, resort market rivalry in Korea

Mohegan Inspire Entertainment Resort on Yeongjong Island, near South Korea’s gateway Incheon International Airport, is attracting throngs of v...

Construction Shinsegae E&C to sell leisure unit to reduce debt

South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) announced on Wednesday that it will sell its leisure unit Jos...

Travel & Leisure Korea’s luxury resort market blossoms despite slow economy

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Travel & Leisure Mohegan gains Korea’s 1st foreign casino license in 19 years

Mohegan Gaming & Entertainment (MGE) will open a foreigners-only casino at its resort complex in Incheon, South Korea in the first quarter after...

Construction Shinsegae E&C issues $150 mn bond to calm liquidity concerns

South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) said on Friday it has raised 200 billion won ($150 million) thr...

Economy S.Korea to allow hiring of foreign workers in hotels, resorts

The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

Food & Beverage Lotte Hotels & Resorts ups ante in kimchi business

South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...

Real estate Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...

Travel & Leisure Paradise City, Ctrip to jointly launch S.Korean travel packages

Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...

Korean food Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...

Food & Beverage Michael Jordan's Steakhouse to open in S.Korea

Mohegan Inspire entertainment resort, which plans to be built near Incheon International Airport, will feature a restaurant and bar named after "His...

Travel & Leisure Jeju Shinhwa World to spend $760 mn to restore vigor

South Korea’s largest resort complex Jeju Shinhwa World, located in the country’s top tourist destination, is preparing to restore its v...

Electronics Samsung, LG fuel rivalry in global hospitality TV market

Samsung Electronics Co. and LG Electronics Inc., two leading players in the global hospitality TV market, are extending their rivalry in the premium...

Travel & Leisure Hopeful signs for full comeback of Korean resort operator Paradise

Paradise Co., a major South Korean resort and casino operator, is taking big steps towards a full comeback this year from the pandemic shock, with a...

Travel & Leisure Hanwha Hotels & Resorts to work with Vietnam's Lodgis to expand overseas network

South Korea's Hanwha Hotels & Resorts Co., Ltd. said on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Lodgis H...

Entertainment Hanwha Hotels&Resorts signs MOU with Mohegan Inspire

Hanwha Hotels & Resorts Co. announced on Tuesday that it signed with Mohegan Inspire Entertainment Resort a memorandum of understanding (MOU) fo...

Earnings Korea's Walkerhill Hotels and Resorts posts 1st surplus in 11 quarters

South Korea's Walkerhill Hotels and Resorts, run by SK Networks, has returned to the black after two years and nine months thanks to growth in the n...