Author: Seoul Reporter

[ad_1] South Korea has determined to finance its $200 billion US funding bundle via foreign-exchange earnings and newly issued government-guaranteed bonds, in a transfer designed to assist strategic US initiatives whereas insulating the Korean financial system from monetary threat.In keeping with authorities and the ruling celebration sources on Thursday, the Ministry of Economic system and Finance and the Financial institution of Korea have agreed to lift as much as $20 billion a 12 months for the 20-year funding program by diverting curiosity and dividend earnings from the nation’s $422 billion in international reserves and issuing dollar-denominated bonds via a brand…

[ad_1] It was a kind of uncommon red-carpet moments when custom met trendy cool — and owned it.At Vogue World: Hollywood 2025, BTS’ V arrived not simply as a worldwide pop icon however as a mode story in movement. His look — a chic reimagining of Korea’s hanbok — turned the Los Angeles evening into one thing quietly unforgettable.Carrying a wide-brimmed fedora that echoed the basic gat and a flowing grey overcoat tailor-made with royal restraint, V carried the grace of custom with the convenience of a film star. Round his waist, a crimson norigae belt glimmered with jade and…

[ad_1] The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion received ($1.3 billion) price of Samsung Electronics Co. shares via a block deal on Thursday to cowl inheritance taxes and mortgage funds, based on funding banking sources.Hong Ra-hee, the spouse of the late chairman, and her daughters – Lee Boo-jin, president of Lodge Shilla Co., and Lee Search engine optimisation-hyun, president of Samsung C&T Corp. – offered a portion of their 17.7 million shares in Samsung Electronics after market shut on Thursday.The shares up on the market in a block deal had been valued at about…

[ad_1] It started with a toast of beer and fried rooster at a modest Seoul eatery, adopted by a flurry of compliments and present exchanges, and ended with a glitzy joint look on a Gangnam stage earlier than 1000’s of onlookers Thursday evening.What unfolded was much less a stiff company summit than a vigorous present of camaraderie amongst three of the world’s highly effective enterprise leaders – Nvidia Corp. CEO Jensen Huang, Samsung Electronics Co. Chairman Jay Y. Lee and Hyundai Motor Group Chairman Chung Euisun.Within the heat of that present of friendship, the trio signaled one thing greater taking…

[ad_1] 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. [ad_2]

[ad_1] 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…

[ad_1] 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. [ad_2]

[ad_1] 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…

[ad_1] 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…

[ad_1] 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. [ad_2]