South Korea

Covid-19

Korean 5G craze dampened by coronavirus

(April 3): South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns.

REITs

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

Based on the purchase price, the acquisition is expected to generate stabilised NPI yield of 6.4%. It is also expected to be accretive at the distribution level.

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 the widening mismatch between job seekers and openings available

Food & Beverage

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. But wayward feral pigs have stoked concern that Kim Jong Un’s reclusive state is h

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 growth slows amid trade tensions.

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.

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
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