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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.
February 18, 2019
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).
November 15, 2018
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
September 10, 2018
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
May 16, 2018
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).
May 09, 2018
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.
April 30, 2018
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.
April 27, 2018
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.
March 26, 2018
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.
November 21, 2017
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.
September 13, 2017