Author: Seoul Reporter

The Nationwide Pension Service (NPS) will proceed to develop its actual property portfolio in North America, Europe and India, concentrating on residential, logistics and digital-related belongings, Jun Ahn, head of the true property division at NPS, mentioned on Thursday. Jennifer Nicholson-Breen edited this text.

Homeplus Co., a South Korean hypermarket operator below court-led rehabilitation, has drawn letters of intent (LOIs) from two bidders,  together with AI agency Harex InfoTech Inc., in response to funding banking sources on Friday.The retailer is wholly owned by non-public fairness agency MBK Companions, which put the corporate up on the market. After its stalking-horse course of faltered, it shifted the transaction to a public aggressive bidding format this month.The emergence of bidders defies market expectations that the open course of would fail to draw credible buyers. NH NongHyup Agribusiness Group Inc., lengthy seen as a robust candidate given Homeplus’…

Keen to not miss a uncommon window for outsized features, heavyweight world traders, from sovereign wealth funds to household places of work and college endowments, are speeding to mandate South Korean hedge fund managers, hoping to trip the rally that has made the Kospi the world’s best-performing inventory index this yr.

When Jensen Huang, founder and CEO of Nvidia Corp., stood earlier than greater than 500 followers gathered at COEX in Seoul on Oct. 30 to rejoice the twenty fifth anniversary of the GeForce GPU’s Korean launch, he opened his speech with an sudden confession.“In 1996, I acquired a letter from Korea for the primary time in my life,” Huang stated. “It was fantastically written – from somebody I didn’t know.”That letter, he revealed, was despatched by the late Lee Kun-hee, the legendary chairman of Samsung Electronics, whose phrases would profoundly form each Huang’s life and the way forward for the…

POSCO Holdings Inc., the mother or father of South Korea’s high steelmaker POSCO, has signed a strategic partnership with Cleveland-Cliffs Inc., the No. 2 US metal producer, as a part of efforts to increase its presence within the US to blunt the influence of revived Trump-era tariffs on imported metal.With the partnership, the Korean metal conglomerate is predicted to take a position greater than 1 trillion received, or over $700 million, to accumulate not less than a ten% stake within the US steelmaker by subsequent 12 months, based on individuals aware of the matter on Friday.The transfer mirrors Nippon Metal…

Actual property credit score continues to attraction to South Korea’s main asset homeowners whilst rates of interest decline, reflecting their cautious method to fairness publicity within the property sector. Jennifer Nicholson-Breen edited this text.

GYEONGJU – Nvidia Corp. has agreed to provide 260,000 items of its high-end graphics processing items (GPUs) to South Korea’s authorities and 4 of its largest conglomerates by 2030.The deal, valued at as much as 14 trillion received ($9.8 billion), will strengthen know-how ties between the US chip designer and certainly one of Asia’s most superior manufacturing economies.Underneath the settlement, introduced on Friday on the sidelines of the APEC Summit in Gyeongju, Nvidia will prioritize deliveries of its newest AI accelerators to Seoul’s Ministry of Science and ICT, Samsung Electronics Co., Hyundai Motor Co., SK Group and Naver Corp.The transfer…

After weeks of fierce competitors, Golden — the breakout hit from Netflix’s animated movie KPop Demon Hunters — has as soon as once more risen to the highest of the UK Official Singles Chart, knocking Taylor Swift’s The Destiny of Ophelia from the No. 1 spot.In line with the Official Charts launched Saturday, Golden — carried out by the in-film Okay-pop woman group Huntrix — climbed two spots to reclaim the summit, marking its ninth nonconsecutive week at No. 1.Swift’s The Destiny of Ophelia, which had dominated the chart for 3 straight weeks, slipped to No. 2.Different KPop Demon Hunters…

GYEONGJU, North Gyeongsang Province — Because the Asia-Pacific Financial Cooperation (APEC) conferences closed Saturday after hundreds of delegates visited Gyeongju, the main target is now turning as to if the town can set up itself as a recurring hub for international conferences. To host APEC occasions, Gyeongju invested closely in infrastructure. The Hwabaek Worldwide Conference Heart, the primary summit venue, obtained inside upgrades comparable to new carpets and elevators. Subsequent to it, the town constructed a brand new two-story Worldwide Media Heart spanning 6,000 sq. meters to accommodate the worldwide press. Some resorts within the metropolis added new presidential suites…

Even a fried rooster dinner turns into a mode occasion when tech titans are concerned. Samsung’s Lee Jae-yong, Nvidia’s Jensen Huang and Hyundai’s Chung Euisun appeared in effortlessly subtle appears that when once more sparked a public buzz over what they put on.Samsung Electronics Chairman Lee arrived in an ash-colored blouson jacket from Lansmere, the premium, top-tier line of Samsung C&T’s vogue model Galaxy. The faux-suede outerwear, priced at 890,000 gained ($630) and splendid for the crisp fall climate, mirrored Lee’s refined but approachable model.Usually dubbed Korea’s “sellout man,” a direct translation from a Korean time period reflecting that Lee…