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[ THE INVESTOR] A consortium of US private equity group Kolberg Kravis Roberts and Korean asset management firm IGIS has pulled out from a bid for purchasing Centropolis office buildings in central Seoul after the talks fell through, according to industry sources on May 4. Instead, M&G Real Esta...
[THE INVESTOR] Mirae Asset Financial Group is seeking to purchase an office building in London from private equity firm Blackstone, according to media reports on May 3. The nine-story 20-year-old Old Bailey is priced at around 500 billion won (US$464.50 million) to 550 billion won. Mirae Asset re...
[THE INVESTOR] Korean securities firm Mirae Asset Daewoo on April 27 said it is investing US$300 million won to acquire Hong Kong’s 73-story skyscraper The Center, owned by billionaire Li Ka-shing. The total price tag of the city’s fifth-tallest building is around US$5.15 billion, a record pric...
[THE INVESTOR] Savills Korea, local unit of the UK-based real estate firm, on April 10 said it has been selected to manage the sale of Nine Tree Hotel, located in the heart of the shopping district of Myeong-dong, central Seoul. While it declined to disclose details, including the estimated price...
[ THE INVESTOR ] NH Investment and Securities is seeking to purchase the Paris headquarters building of L’Oreal, Maeil Business News reported on March 9. The price is expected to be about 900 billion won (US$779 million), which will be the Korean securities firm’s largest-ever purchase. The...
[KH Explains] Lotte goes all-out to secure cash amid lackluster earnings
Kakao completes its first own data center
120,000 more public homes to be supplied by this year
Milk prices to go up in Oct.
SKT, OpenAI hold AI competition for social good
Rebellions' AI chip to undergo IBM quality testing
SK Earthon starts first independent oil production in South China Sea
KB chief hopes successor transforms group into 'Samsung of finance'