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Indonesia Seeks $8.4 Billion Investment for New Capital Project, Including Samsung C&T

Indonesia Seeks $8.4 Billion Investment for New Capital Project, Including Samsung C&T

Photo=OIKN Indonesia is seeking to attract approximately $8.4 billion USD in investments for the development of its new capital city, Nusantara, with Samsung C&T among the key participants in a large-scale residential construction project. Basuki Hadimuljono, an official at the Nusantara Capital City Authority (OIKN), stated on June 8 (local time) that the project is being carried out under a

Jun 9 2025
09:00 AM PDT
Mirae Asset Secures $136M Refinancing for Hawaii’s Fairmont Orchid Luxury Resort

Mirae Asset Secures $136M Refinancing for Hawaii’s Fairmont Orchid Luxury Resort

(Photo=Fairmont Orchid) Mirae Asset Global Investments, a major South Korean asset management firm, has successfully completed a $136 million refinancing deal for the Fairmont Orchid, a premier five-star resort located on Hawaii’s Big Island. According to industry sources on June 4, the refinancing was arranged by New York Life Real Estate Investors (NYLREI), which facilitated the debt placement. Mirae Asset,

Jun 9 2025
06:00 AM PDT
Korean Stocks Rally Following President Lee Jae-myung’s Inauguration

Korean Stocks Rally Following President Lee Jae-myung’s Inauguration

(Photo=MotionElements) Just two days into President Lee Jae-myung’s administration, South Korea’s benchmark KOSPI index has surged over 100points, breaking past the 2,800 mark. Improved market liquidity, evident in the highest trading volume seen in 24 months, has helped fuel the rally in the country’s equity markets. This sharp rebound comes after six months of political uncertainty, which began late last

Jun 8 2025
09:53 PM PDT
Hyundai and Kia Exit Ola Electric with $81 Million Share Sale

Hyundai and Kia Exit Ola Electric with $81 Million Share Sale

(Photo=Ola Electric) South Korea’s Hyundai Motor Company and its affiliate Kia Corporation, both leading global automakers, have sold off their entire stakes in India’s electric two-wheeler firm Ola Electric Mobility. The move appears to mark a strategic retreat amid continued operational uncertainty and the absence of clear collaboration models. According to filings with the National Stock Exchange of India on

Jun 8 2025
06:00 AM PDT
Airbnb CEO Visits Korea: “Korea Is One of Airbnb’s Key Growth Markets”

Airbnb CEO Visits Korea: “Korea Is One of Airbnb’s Key Growth Markets”

Photo= Airbnb Brian Chesky, co-founder and CEO of Airbnb, visited Seoul on June 4 and emphasized the importance of the Korean market. Speaking at a press conference held in Hannam-dong, Seoul, Chesky said, “Seoul is the most popular travel destination in Asia on Airbnb,” adding, “Korea is a fast-growing region and a strategically important market for us.” According to Airbnb,

Jun 7 2025
06:00 AM PDT