South Korea

REITs

Mapletree Logistics Trust eyes $41.4 mil acquisition of logistics property in South Korea

SINGAPORE (Jan 22): Mapletree Logistics Trust (MLT) is acquiring DC Deokpyung, a logistics property in South Korea, for 35.8 billion Korean won ($41.4 million), the manager announced on Wednesday.

Startups • Entrepreneurs • Digital economy

Delivery hero nears agreement to buy Woowa in US$4 bil deal

(Dec 13): Delivery Hero SE has agreed to buy control of Woowa Brothers Corp in a deal that values the operator of South Korea’s biggest food-delivery app at US$4 billion ($5.4 billion).

Global Markets

Briefs

SINGAPORE (Oct 28): “Closing the gaps requires both jobseekers and employers to be more open and flexible.”Singapore’s Manpower Minister Josephine Teo, on t

Food

Kim Jong Un may be hiding a hog apocalypse from the world

(Oct 13): By official accounts, the pig contagion wreaking havoc across Eastern Asia has virtually skipped over North Korea, with a single outbreak reported there in May.

SE Asian economies

Goldman cuts growth forecasts for Asia’s four 'tiger' economies

(Aug 16): Goldman Sachs Group Inc slashed growth forecasts for the “Asian Tigers” as their exposure to the world economy -- once one of their greatest strengths -- is now backfiring as global growt

Currencies

Emerging Asia’s US$5 trillion reserves put to test in currency war

(Aug 7): It used to be that a buildup in foreign reserves was seen as a bulwark against currency shocks and swift turns in investor sentiment.

Joint ventures and 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 S

Investing strategy

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

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

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 b

Be informed of the stories that matter