Strategic Hotels
Scope
Date
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Banking & Finance
KakaoBank to acquire 10% stake in Super Bank Indonesia
South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...
Oct 10, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, Hotel Shilla to collaborate for AI and cloud
South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...
Sep 12, 2023 (Gmt+09:00)
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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...
Sep 08, 2023 (Gmt+09:00)
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Travel & Leisure
Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high
Grand Hyatt Jeju within Jeju Dream Tower Integrated Resort posted its highest-ever revenue of 14.3 billion won ($10.8 million) in August, Lotte Tour...
Sep 05, 2023 (Gmt+09:00)
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Blockchain
Hana Bank to enter digital asset custody sector with BitGo
South Korea's Hana Bank on Tuesday said it signed a strategic business agreement with BitGo, a Palo Alto, California-based global digital asset cust...
Sep 05, 2023 (Gmt+09:00)
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Real estate
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Aug 29, 2023 (Gmt+09:00)
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Pension funds
NPS likely to give full rights on asset managment to experts
The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, is poised to give investment experts full rights ...
Aug 25, 2023 (Gmt+09:00)
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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,...
Aug 10, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank teams up with BuildBlock on US real estate services
South Korea's Woori Bank and US real estate platform operator BuildBlock have entered into a strategic memorandum of understanding to bolster overse...
Aug 07, 2023 (Gmt+09:00)
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Korean chipmakers
Advanced memory is strategic asset for Korea’s chip supremacy: Hwang
South Korea, home to the world’s two largest memory chipmakers – Samsung Electronics Co. and SK Hynix Inc. – has been the dominant...
Aug 03, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn
South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...
Jul 31, 2023 (Gmt+09:00)
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Travel & Leisure
Art luxury hotel reopened at Paradise City in Incheon
The casino complex Paradise City in Incheon on Saturday will reopen Hotel Art Paradiso at its integrated resort on Yeongjong Island. Closed in July ...
Jul 14, 2023 (Gmt+09:00)
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Real estate
Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...
Jul 06, 2023 (Gmt+09:00)
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Food & Beverage
McDonald’s to increase locations by 25% in S.Korea by 2030
McDonald’s Corp., the world’s top fast-food restaurant operator, is set to increase the number of its locatons in South Korea by 25% to ...
Jul 05, 2023 (Gmt+09:00)
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Artificial intelligence
Lunit participates in Saudi's SEHA Virtual Hospital project
South Korean medical AI company Lunit announced on Wednesday that it will participate in the "SEHA Virtual Hospital" project, a key initiative of Sa...
Jul 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Hancom, POSCO DX pursue robotic process automation solutions
South Korea’s office suite software maker Hancom and engineering and information and communications technology service provider POSCO DX will ...
Jun 28, 2023 (Gmt+09:00)
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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...
Jun 25, 2023 (Gmt+09:00)
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Private equity
Busan Equity Partners launches core minerals business in Philippines
Busan Equity Partners (BEP), a South Korean private equity firm, is partnering with Philippine mineral development company PGMPI to develop overseas...
Jun 20, 2023 (Gmt+09:00)
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Construction
Samsung C&T wins order $585 mn construction project in Taiwan
The construction division of South Korea's Samsung C&T Corp. on Monday said it landed an order for the Fubon Aozihdi Development Project from Ta...
Jun 20, 2023 (Gmt+09:00)
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Electronics
Samsung launches collaborative product with illustrator Max Dalton
Samsung Electronics Co. announced on Monday that it has unveiled a special edition of Bespoke Jet Bot AI, collaborative with illustrator Max Dalton,...
Jun 19, 2023 (Gmt+09:00)
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K-pop
BTS’ suits for 2021 Grammys to be exhibited in Seoul
A set of seven suits worn by K-pop sensation BTS at the 2021 Grammys is to be exhibited in Seoul this month to celebrate the 10-year anniversary of ...
Jun 12, 2023 (Gmt+09:00)
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Capital raising
HYBE in talks to raise $380 million to reach beyond K-pop: Bloomberg
HYBE Co., the South Korean entertainment powerhouse behind BTS, is said to be seeking to finance about 500 billion won ($380 million) to bring more ...
Jun 02, 2023 (Gmt+09:00)
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Korean chipmakers
Hanmi Semiconductor sets up local corporation in Vietnam
South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...
May 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to prop up quantum tech with academia, private sector
South Korea, trailing in the global race for quantum technology, will open a new quantum technology-dedicated graduate school with a consortium led ...
May 10, 2023 (Gmt+09:00)
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Infrastructure
Hyundai Rotem, Hana Bank to promote private railway project
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, announced on Monday that it has signed an infrastructure fund inve...
May 08, 2023 (Gmt+09:00)
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Real estate
Multifamily emerges as Korean LPs’ top real estate pick for 2023
Multifamily housing has emerged as the most popular real estate segment for South Korean institutional investors, with senior secured loans picked as ...
May 03, 2023 (Gmt+09:00)
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Retail
Hotel Shilla to challenge Lotte’s duty-free shop dominance in Korea
South Korean leading luxury hotel and retail operator Hotel Shilla is challenging its crosstown rival Lotte, the dominant player in the country&rsqu...
Apr 28, 2023 (Gmt+09:00)
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Korean food
Korea’s shaved ice dessert bingsu price up 30% on-year on inflation
Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...
Apr 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show
Hyundai Motor Co. and Kia Corp., both struggling in China, are aiming for a turnaround there by introducing over 30 new vehicles including those tai...
Apr 17, 2023 (Gmt+09:00)
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Electronics
Samsung installs massive MicroLED screen at luxury hotel in UAE
Samsung Electronics Co. on Wednesday said it has supplied a large number of smart signage and TV screens to Atlantis the Royal, a luxury hotel and r...
Apr 12, 2023 (Gmt+09:00)