senior living communities

Real estate S.Korea eases path for foreign REITs in senior housing push

South Korea, grappling with a fast-aging population, has relaxed development and ownership rules for senior housing, opening the sector to foreign h...

Real estate Invesco, SK D&D likely to buy co-living building in Seoul

A consortium between US asset management firm Invesco and the real estate investment arm of SK D&D Co. has been named the preferred buyer of Nou...

ASK 2025 POBA bullish on REITs, real estate debts and senior housing

South Korea’s Public Officials Benefit Association (POBA) is betting big on real estate investment trusts (REITs) and senior housing in the US...

Real estate Bid heats up for IGIS-owned co-living building in Seoul

An auction for a co-living building, owned by South Korea’s top real estate asset management firm IGIS Asset Management Co., in the hip Hongda...

Airlines South Korea's deadliest plane crash in decades claims 179 lives

A passenger plane carrying 181 people, including six crew members, crashed in southwestern South Korea early Sunday, killing 179 people, according t...

Business & Politics Korea’s Shinsegae chairman dines with Trump at Mar-a-Lago

Chung Yong-jin, the chairman of South Korea’s retail giant Shinsegae Group, held talks with US President-elect Donald Trump, becoming Korea's ...

Korean startups Asan Nanum to offer Silicon Valley residence to Korean startups

The Asan Nanum Foundation, a South Korean startup accelerator program operator, said on Thursday it will open a residency space for Korean venture f...

Asset management Hana Financial’s Hana The Next: New financial services tailored for seniors

As South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, are reaching retirement age, financial institutions are reac...

Robotics Samsung’s Ballie, LG's Q9 AI robots steal the show at IFA 2024

BERLIN – Ballie, the artificial intelligence-powered companion robot developed by Samsung Electronics Co., has come a long way since the South...

E-commerce CJ ENM’s CJ Onstyle bets big on live commerce

CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., will embark on mobile li...

Entertainment LG Uplus to produce live-action robot drama

South Korea's LG Uplus Corp. announced plans to partner with SAMG Entertainment and HighZium Studio Co. to create Korean-style robot content, aimi...

Banking & Finance Shinhan Financial builds disaster response system

South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...

Korean food CJ CheilJedang hosts K-food competition in China

South Korea's CJ CheilJedang Corp. announced on Thursday that it organized the CJ Challenge Live Competition at the 2024 K-Food China Qingdao Intern...

Energy QCells wins 2GW solar panel deal for US community solar farms

Hanwha Q Cell Co., better known as QCells in overseas markets, has signed a solar panel supply and partnership agreement for energy storage system (...

Entertainment HYBE accelerates transition into platform company

HYBE Co. is accelerating its push to transform into a platform company as it prepares to launch a new digital fan community platform. This platform ...

Electronics Samsung to offer AI features in Galaxy Z6 foldable series

Samsung Electronics Co. will power its Galaxy Z6 series due to be unveiled next month with mobile AI technology, including a live translation featur...

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...

Korean startups Startups bet on affluent Gen X in Korea’s senior living market

Elder-care startups are rushing to build high-end senior homes in South Korea targeting affluent Generation Xers set to retire in five years on expe...

Private debt Korea’s Kookmin Bank raises $600 mn in global senior debts

South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...

Automobiles Autech enters silver car market for seniors

South Korea's specialty vehicle company Autech Corporation announced on Tuesday that it plans to enter the silver car market for seniors. It al...

Artificial intelligence Kakao joins open-source community AI Alliance

Kakao Corp. announced on Friday that it joined the global open-source community The AI Alliance to support AI research and development.Established i...

E-commerce CJ Onstyle boosts live commerce unit

South Korea's CJ OnStyle announced on Wednesday that it broadened its mobile live commerce division by introducing programming, marketing, and new...

Bio & Pharma Reversing age possible in a decade: Harvard Prof. David Sinclair

Humans will be able to control biological age and reverse their age in 10 years with advancements in medical science and live up to around 120, abou...

Banking & Finance JPMorgan Chase’s growth driver: offline community branches

NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of...

Artificial intelligence Seoul City, Cyber Vally to support AI startups for overseas expansion

Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...

Korean startups Caring raises $30 million in Series B funding

Caring Co., a South Korean startup offering senior care services, succeeded in raising 40 billion won ($30 million) in a series B funding round, e...

Leadership & Management POSCO taps ex-President Chang In-hwa as its next group chairman

POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has nominated former President Chang In-hwa as its next group chair...

Corporate governance Kakao inspects SM Entertainment’s management   

Kakao Corp. has embarked on a special inspection of SM Entertainment Co.'s financial reporting for the first time since the South Korean internet gi...

ESG bonds Woori Bank issues $700 mn in ESG bonds

South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (environmental, socia...

Electronics Samsung Galaxy S24 heralds dawning of AI smartphone era

SAN JOSE, Calif. – Samsung Electronics Co. on Wednesday unveiled its latest flagship smartphone Galaxy S24 series, which it calls an “AI...