Goldman Sachs Seoul chief
Scope
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Real estate
Korea's Taeyoung to sell local hotel to speed up debt workout
South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...
May 12, 2024 (Gmt+09:00)
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Energy
KEPCO teams up with Kyrgyzstan for new energy technology
Korea Electric Power Corp. (KEPCO), the state-run utility company, has joined hands with Kyrgyzstan for new energy businesses including high-voltage...
May 10, 2024 (Gmt+09:00)
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Retail
E-Land Retail to enter convenience store market
South Korea's E-Land Retail, the operator of Kim's Club, NC Department Store, and New Core Outlet operator, plans to enter the convenience store mar...
May 10, 2024 (Gmt+09:00)
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Aerospace & Defense
South Korea to accept Indonesia’s KF-21 project cost cut proposal
South Korea plans to accept Indonesia’s request to cut its share of payments for a joint fighter jet development project to one-third of the o...
May 08, 2024 (Gmt+09:00)
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The KED View
Shinsegae’s day of reckoning looms for online ambitions
Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...
May 08, 2024 (Gmt+09:00)
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Venture capital
UAE to invest up to $1 bn in S.Korean ventures
The United Arab Emirates is set to invest a maximum of $1 billion in South Korean startups via a joint venture, as a part of its mid- to long-term p...
May 07, 2024 (Gmt+09:00)
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Travel & Leisure
Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul
Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...
May 05, 2024 (Gmt+09:00)
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Business & Politics
Biden exempts graphite from EV mineral sourcing rule in win for Korea
WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...
May 05, 2024 (Gmt+09:00)
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Insurance
Korea's Lotte Insurance put on market for around $1.5 bn
Lotte Group’s non-life insurance affiliate Lotte Insurance Co., has been put up for sale at around 2 trillion won ($1.5 billion), according to...
Apr 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Microsoft CEO to meet with Samsung, SK Hynix, LG, SK Telecom chiefs
Microsoft Corp.’s top executives will meet with leaders of South Korea’s four top technology companies next month to discuss ways to str...
Apr 22, 2024 (Gmt+09:00)
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Banking & Finance
Foreign banks expand Korean operations amid China’s slowdown
Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grapp...
Apr 18, 2024 (Gmt+09:00)
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Real estate
Keppel REIT to sell Seoul-based prime office T Tower
Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate manag...
Apr 16, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to unveil crab-walking car in S.Korea
South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts supplier, announced on Thursday that it will participate in the 37th I...
Apr 12, 2024 (Gmt+09:00)
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Fashion
Korea’s Sae-A Trading buys US sportswear maker Tegra
South Korean textile maker and supplier Sae-A Trading Co. said on Tuesday it has signed a definitive agreement to acquire US sportswear maker Tegra ...
Apr 09, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs names Choi Seoul office chief
Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi lead...
Apr 08, 2024 (Gmt+09:00)
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Private debt
Golf equipment maker Taylormade to refinance $222 mn of debt
One of the South Korean owners of Taylormade Golf Co., a leading global golf equipment maker, is set to refinance its 300 billion won ($221.7 millio...
Apr 08, 2024 (Gmt+09:00)
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Artificial intelligence
Korean big tech firms join Korea’s AI strategy council
The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...
Apr 05, 2024 (Gmt+09:00)
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Fashion
Chanel to open after-sales service center in Seoul
French luxury label Chanel is planning to open a dedicated after-sales service center in South Korea, one of the world’s largest markets for h...
Apr 03, 2024 (Gmt+09:00)
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Executive reshuffles
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Apr 02, 2024 (Gmt+09:00)
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Pension funds
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
Apr 02, 2024 (Gmt+09:00)
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Real estate
Blackstone sells prime Seoul office building for $586 mn to Koramco
Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...
Apr 01, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung establishes HBM team to up AI chip production yields
Samsung Electronics Co., the world’s No. 1 memory chipmaker, recently set up a high bandwidth memory (HBM) team within the memory chip divisio...
Mar 29, 2024 (Gmt+09:00)
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Real estate
Shinhan to build landmark office tower for non-banking units
Shinhan Financial Group Co., South Korea's second-largest financial group, plans to build a new high-rise office tower in Seoul’s central busi...
Mar 25, 2024 (Gmt+09:00)
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Batteries
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...
Mar 21, 2024 (Gmt+09:00)
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Real estate
Samsung Fire headquarters up for sale at about $746 mn
The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...
Mar 20, 2024 (Gmt+09:00)
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Business & Politics
Dubai Chamber of Commerce to open Seoul office
The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...
Mar 19, 2024 (Gmt+09:00)
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Business & Politics
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...
Mar 19, 2024 (Gmt+09:00)
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Retail
Hyundai Dept. Store virtual idol pop-ups attract 100,000
South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted ove...
Mar 18, 2024 (Gmt+09:00)
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Electric vehicles
Kia’s volume model EV3 to spearhead its electrification push: CEO
Kia Corp., South Korea’s second-largest automaker, said on Friday its upcoming volume electric model EV3 will spearhead the company’s el...
Mar 15, 2024 (Gmt+09:00)
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Private equity
Tmax Group to draw more than $572 mn to buy back Tmaxsoft
South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...
Mar 12, 2024 (Gmt+09:00)