3D cube-shaped warehouse
Scope
Date
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Pension funds
Yellow Umbrella sets sights on warehouses, secondaries
The Yellow Umbrella Mutual Aid Fund, a $14 billion savings arm of South Korean small business owners, is planning to further reduce the proportion o...
Aug 13, 2021 (Gmt+09:00)
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Earnings
Coupang’s revenue grows by more than 50% for 15 consecutive quarters
The US-listed e-commerce giant Coupang Inc. has posted its highest-ever quarterly revenue. The company reported on Aug. 12 that its second-quarter r...
Aug 12, 2021 (Gmt+09:00)
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Real estate
Korean funds weigh overseas real estate exits in H2
Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...
Jul 14, 2021 (Gmt+09:00)
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Artificial intelligence
Goldman mulls redemption option for Coupang loan, but still undecided
Goldman Sachs has begun researching its right to call in the 300 billion won ($265 million) loan it provided against Coupang Corp.'s two distributio...
Jun 29, 2021 (Gmt+09:00)
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Artificial intelligence
Coupang fire may cut ROI of warehouse assets
Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...
Jun 22, 2021 (Gmt+09:00)
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Artificial intelligence
Mastern, Kiwoom close $200 mn France logistics deal
South Korea's Mastern Investment Management Co. and Kiwoom Securities Co. have completed the acquisition of six last-mile distribution centers in Fr...
Jun 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hanon sale takes shape; Valeo, Mahle, LG among potential bidders
The much-touted sale of South Korea’s Hanon Systems Corp. is taking solid shape with names of potential bidders floating around in the market ...
Jun 10, 2021 (Gmt+09:00)
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Economy
Chips, autos set S.Korea’s May export growth at fastest pace in 32 years
South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...
Jun 02, 2021 (Gmt+09:00)
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Logistics
Goldman-backed Korea Superfreeze to build $2.2 bn facilities
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...
Apr 26, 2021 (Gmt+09:00)
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Last-mile logistics
Two Korean firms look to buy six France warehouses
South Korea's Mastern Investment Management Co. and Kiwoom Securities Co. are in the due diligence process to acquire six last-mile logistics center...
Apr 20, 2021 (Gmt+09:00)
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IPOs
Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO
A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...
Feb 15, 2021 (Gmt+09:00)
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Alternative investments
IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio
South Korea’s IGIS Asset Management Co. and Hana Financial Investment Co. have jointly acquired three pre-completed logistics centers in the U...
Dec 21, 2020 (Gmt+09:00)
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Alternative investments
Korean investors buy Dutch logistics center using drones and smartphones
South Korea’s Kiwoom Securities Co. has acquired a new logistics center in the Netherlands for 180 billion won ($165 million) this year, relyi...
Dec 13, 2020 (Gmt+09:00)
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Economy
BOK raises growth view as it holds rate, warns against V-shaped recovery
The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...
Nov 26, 2020 (Gmt+09:00)
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Korean startups
Korean startup to rival Dolby in unconquered 3D audio market
Gaudio Lab Inc., backed by SoftBank Ventures, is throwing down the gauntlet to Dolby Laboratories for the three-dimensional (3D) audio market, for whi...
Nov 12, 2020 (Gmt+09:00)
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Blackstone leans toward warehouse, life science properties
The Blackstone Group, which four years ago held the world’s largest hotel portfolio, has shed most of its hotel investments over the past few ye...
Oct 14, 2020 (Gmt+09:00)
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LG Electronics
LG launches world's first rotatable T-shaped smartphone
LG Electronics Inc. unveiled its new smartphone LG Wing on Sept. 14 in an online event, the first product rolled out under the company’s Explore...
Sep 14, 2020 (Gmt+09:00)
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REIT
Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO
A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...
Jul 27, 2020 (Gmt+09:00)
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M&A
NH Investment, Nuveen jointly buy Amazon warehouse in Japan
NH Investment & Securities Co. Ltd. has taken a 50.1% stake in an Amazon distribution center in Japan for around 150 billion won ($130 million) in...
Jan 10, 2020 (Gmt+09:00)
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Korean 3D scanning venture draws bids from KKR, Carlyle, Affinity
Medit Corp., a South Korean 3D scanner maker, has drawn preliminary bids from nine private equity firms, including KKR & Co., the Carlyle Group, A...
Sep 10, 2019 (Gmt+09:00)
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Samsung Sec buys Amazon warehouse in Germany for $215 mn: report
Samsung Securities Co. Ltd. has recently closed the acquisition of Amazon’s new logistics center in Germany for 260 billion won ($215 million), in an ...
Sep 04, 2019 (Gmt+09:00)
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Korean institutions to invest $53 mn to buy Tesco-leased UK warehouse
A consortium of South Korea’s Construction Workers Mutual Aid Association (CWMAA) and MG Non-Life Insurance Co. Ltd. will invest 60 billion won ($53...
Oct 20, 2017 (Gmt+09:00)
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Mirae Asset buys $48 mn mezzanine debt backed by FedEx-leased warehouses
Mirae Asset Global Investments Co. Ltd. invested 54 billion won ($48 million) last week in mezzanine debt secured on two warehouses leased to FedEx Co...
Sep 22, 2017 (Gmt+09:00)
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Korean funds to invest $295 mn in Asian warehouse developer e-Shang: report
South Korean institutional investors will buy about 350 billion won ($295 million) worth of senior loans secured by distribution centers of Warburg Pi...
Nov 21, 2016 (Gmt+09:00)
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KIC, Teachers’ Pension to invest in US warehouse fund, first since joint work agreement
Korea Investment Corporation (KIC) and the Teachers’ Pension will invest in a U.S. warehouse portfolio fund for an undisclosed sum, in their first joi...
Nov 09, 2016 (Gmt+09:00)
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