property crisis
Scope
Date
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Executive reshuffles
Samsung Electronics replaces chip head amid HBM crisis
Samsung Electronics Co., the world’s top memory chipmaker, on Tuesday replaced its semiconductor business chief as the South Korean company st...
8 HOURS AGO
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Asset management
Young rich Koreans set sights on M&As, commercial property deals
Young rich Koreans have emerged as big players in South Korea’s asset management market, expanding into M&As and commercial real estate, a...
May 19, 2024 (Gmt+09:00)
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Banking & Finance
Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle
South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...
May 14, 2024 (Gmt+09:00)
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Retail
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...
Apr 26, 2024 (Gmt+09:00)
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Entertainment
Korean theme parks recover to near pre-pandemic levels
Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...
Apr 22, 2024 (Gmt+09:00)
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Corporate strategy
Samsung shifts to emergency mode with 6-day work week for executives
Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...
Apr 18, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Apr 15, 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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Earnings
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Mar 25, 2024 (Gmt+09:00)
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The Deep Dive
Korea faces apple crisis amid climate, demographic change
Apples, normally among the most common and available fruit, are poised to be a rarity in South Korea, where people are suffering a so-called “...
Mar 14, 2024 (Gmt+09:00)
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Real estate
Korean real estate firms put up for sale amid lasting market downturn
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...
Mar 12, 2024 (Gmt+09:00)
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Real estate
Global property market plunge hits Korean financial firms
South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...
Feb 19, 2024 (Gmt+09:00)
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Travel & Leisure
Korea’s luxury resort market blossoms despite slow economy
South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...
Feb 02, 2024 (Gmt+09:00)
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Steel
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
Jan 17, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s HMM among shippers benefiting from growing Red Sea crisis
The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...
Jan 05, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung files for debt workout; offers to sell stake in KKR JV
South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...
Dec 28, 2023 (Gmt+09:00)
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Supply chain
China’s urea halts raise specter of another logistics crisis in Korea
China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...
Dec 04, 2023 (Gmt+09:00)
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Real estate
Shinhan REITs to buy HSBC's Seoul headquarters at $135 mn
Shinhan REITs Management Co., a real estate investment arm of South Korea’s Shinhan Financial Group, is poised to acquire a 65.8% stake in the...
Sep 05, 2023 (Gmt+09:00)
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Travel & Leisure
Duty-free shops in Jeju welcome return of Chinese cruise tourism
For the first time since Beijing lifted restrictions on group tourism to South Korea, Chinese cruise tourists have flocked to Jeju Island's duty-fre...
Sep 01, 2023 (Gmt+09:00)
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Economy
South Korean exporters jittery as China's slowdown raises red flag
South Korea’s exporting companies are increasingly feeling the heat as its top export market China is sounding alarm bells over the world&rsqu...
Aug 30, 2023 (Gmt+09:00)
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Central bank
BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...
Aug 24, 2023 (Gmt+09:00)
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Korean stock market
Korean exodus from China funds amid deepening property crisis
South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...
Aug 23, 2023 (Gmt+09:00)
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Economy
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...
Aug 21, 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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Real estate
Korea’s KFCC likely to see loss from London-based office investment
South Korea’s Vestas Investment Management Co. is slated to sell off a London-based office tower as the property value has plunged due to rate...
Jul 26, 2023 (Gmt+09:00)
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Energy
KEPCO strives to drive out birds meant to bring good luck
Magpies, which East Asians believe bring good luck and fortune, are posing a headache for Korea Electric Power Corp. (KEPCO), by gnawing at power ...
Jul 25, 2023 (Gmt+09:00)
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Artificial intelligence
LG AI Research launches patent screening AI
South Korea's think tank LG AI Research has teamed up with the Korean Intellectual Property Office (KIPO) to develop the world's first patent screen...
Jul 14, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon starts fortunetelling, personality test services
South Korea's Naver Webtoon has launched a service combining its content with the Myers-Briggs Type Indicator (MBTI), a US test of personality type,...
Jul 13, 2023 (Gmt+09:00)
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Entertainment
K-drama hitmaker Studio Dragon in crisis as content head resigns
Studio Dragon Corp., a South Korean production company of Netflix hits such as "The Glory" and "Crash Landing on You," said on Monday its co-Chief E...
Jun 26, 2023 (Gmt+09:00)
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Business & Politics
S.Korea expands cooperation with Vietnam in intellectual property rights
The Korean Intellectual Property Office (KIPO) on Thursday said it signed a memorandum of understanding with the Intellectual Property Office of Vie...
Jun 23, 2023 (Gmt+09:00)