South Korea

Deals, joint ventures & alliances

Jumbo Seafood expands to South Korea with 50:50 JV; first restaurant to open by 3Q19

SINGAPORE (Feb 18): Jumbo Group is bringing its Jumbo Seafood line of seafood restaurants to South Korea via a 50:50 joint venture (JV) between its indirect wholly-owned subsidiary, Jumbo F&B Services, with TCI Inc.

Investing strategies

Vital to monitor EM developments to uncover future opportunities: Schroders

SINGAPORE (Nov 15): The dynamism and structural growth story of emerging market (EM) equities may play a crucial role in helping investors meet their goals, according to a recent report by Schroder Investment Management (Singapore).

Property

Centurion Corp to expand into North Asia with $16.6 mil acquisition of South Korea property

SINGAPORE (Sept 10): Dormitory operator Centurion Corporation announced Monday it is acquiring the Benikea Hotel KP in the Dongdaemun district of Seoul, South Korea for 13.5 billion Korean won ($16.6 million), marking the group’s maiden entry into North

Kim summit in Singapore in doubt as North Korea suspends talks with South after 'provocation'

(May 16): North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and US President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation

Property

GIC in joint venture to acquire South Korean office property for $518 mil

SINGAPORE (May 9): Singapore’s state-owned investment firm GIC has entered into a joint venture partnership to acquire the Grade A office building in Seoul’s central business district for 418 billion won ($518 million).

Broker's Calls

DBS 'generally positive' on Ascendas Hospitality Trust's South Korea hotel acquisition

SINGAPORE (Apr 30): DBS Group Research remains positive on Ascendas Hospitality Trust (A-HTRUST), following the REIT’s maiden entry into South Korea.

Kim Jong Un makes history with short walk over Korean border

TOKYO/SEOUL (Apr 27): Kim Jong Un on Friday became the first North Korean leader to enter South Korea since the peninsula was divided almost seven decades ago as talks begin over dismantling his nuclear weapons program.

Global Markets

US & South Korea reach agreement on trade, steel tariffs

SEOUL/WASHINGTON (Mar 26): The US and South Korea reached an agreement on revising the allies’s six-year-old bilateral trade deal and President Donald Trump’s plan to impose tariffs on imported steel, Treasury Secretary Steven Mnuchin said.

Property

Ascendas-Singbridge acquires Gangnam office building through new private REIT

SINGAPORE (Nov 21): Ascendas-Singbridge Group, the urban development & business space solutions provider, says subsidiary Ascendas Asset Management launched its fifth office fund in South Korea on Sept 28.

Investing strategies

What to look for in equity markets as the business cycle ages

SINGAPORE (Sept 13): With the emergence of renewed geopolitical tensions, the upward incline of equity markets have come to a halt in August, even after a strong earnings season for 2Q.
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