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

(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,

(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

(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

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,