Automakers

Hyundai to bolster in-car video services with CJ ENM

Drivers of Hyundai Motor Co. and Kia Corp. will likely enjoy the original TV shows and dramas in near real-time, created by South Korea's entertainment giant CJ ENM Co. and aired on its over-the-top streaming service TVing. Hyundai Motor Group, the parent group of the two larges

4 HOURS AGO

AgTech

Korea sets up smart farm in UAE, envisions more in Middle East

South Korea is building a smart farm in the Middle East desert with technology enabling the growth of various crops while minimizing water consumption. The government aims to increase exports of the smart farm to the region based on technology and price competitiveness. The Mini

22 HOURS AGO

Tech

Samsung Galaxy Z Flip3 picked as Korea’s top mobile technology

Samsung Electronics Co.'s latest flip phone, the Galaxy Z Flip3, has been chosen by South Korea’s science ministry as the country’s top mobile technology this year. The Ministry of Science and ICT said on Tuesday the foldable phone has been given the President&r

19 HOURS AGO

Leadership change

Samsung replaces CEOs, merges mobile and CE units

Samsung Electronics Co., in a surprise move, has merged its mobile and consumer electronics businesses into a single unit, and replaced chief executives at its three major units in the tech giant’s biggest leadership change in four years. The sweeping move comes as the world’s largest memory chip and smartphone maker faces growing competition against bigger foundry rival TSMC and tech giants such as Apple Inc., and amid legal uncerta

22 HOURS AGO

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Moody's sees low risk of burst in S.Korean property bubble S.Korea's Oct c/a surplus down 40% on oil price rises

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KOREAN INVESTORS

Real estate

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hartz Mountain Industries Inc. in the end-November, the asset manager told The Korea Economic Daily.The as

1 HOURS AGO

[Exclusive] Sovereign wealth funds

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Former KIC real estate head to become ADQ's CIO

Cha Hoon, the former head of real estate investment at Korea Investment Corp. (KIC) is moving to Abu Dhabi’s state holding firm Abu Dhabi Developmental Holding Company (ADQ) as chief investment officer, sources with knowledge of the matter told

Dec 07, 2021 (Gmt+09:00)

Pension funds

NPS, LaSalle jointly buy UBS Group London HQ for £1.3 bn

South Korea’s National Pension Service (NPS) and global real estate investment firm LaSalle Investment Management Inc. have agreed to acquire UBS Group AG’s London headquarters for £1.3 billion ($1.7 billion).The building is current

Dec 06, 2021 (Gmt+09:00)

[Exclusive] Private equity

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Partners Group attracts Korea Post and local insurers to PE funds

Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fund VII, which is targeting $4 billion, sources with knowledge of the matter told The Korea Economic Dai

Dec 06, 2021 (Gmt+09:00)

Pension funds

NPS picks Hillhouse Capital for private equity investment in Q3

South Korea’s National Pension Service selected Beijing-based private equity firm Hillhouse Capital Group in the third quarter for its overseas private equity and debt investment, the pension fund said.Founded in 2005, Hillhouse Capital manages

Dec 02, 2021 (Gmt+09:00)

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Economy

Wage hikes add inflationary pressure in Korea

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s fourth-largest economy.The average monthly total wages for regular workers with employment contracts of more than one year rose 5% to 3.75 million won ($3,172.9) in the third quarter from a year earlier

Dec 07, 2021 (Gmt+09:00)

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