Seoul, Mar. 4 (Korea Bizwire) — The Investment Corporation of Dubai (ICD) is talking with the city of Incheon to join a 3.6 billion dollar business town project called ‘Future City’ in Incheon’s Gumdan district. Incheon Mayor Yoo Jeong-bok accepted a letter from Khalifa Al Daboos, Deputy CEO of the IDC, on March 3 in Dubai. Gumdan Future City will [...]
SEOUL, Feb. 16 (Korea Bizwire) – It is reported that average jeonse deposits for apartments in Seoul have reached as much as six years’ income for an urban laborer household, which means that the average household would have to save all of their income for six years in order to rent a Seoul apartment. Although the [...]
— Global revenue up 18% and Adjusted EPS up 28% for the year — Colliers International revenue up 24% and Adjusted EBITDA up 38% for 2014 *T Announces plan to separate into two independent public companies: Colliers International and FirstService Corporation *T Operating highlights: Three months ended Year ended [...]
Spin-Off Transaction Creates Two Strong Industry Leaders: Colliers International in Commercial Real Estate and New FirstService Corporation in Residential Property Management and Services TORONTO, Feb. 10 (Korea Bizwire) — FirstService Corporation (TSX:FSV) (Nasdaq:FSRV) (“FirstService”) today announced that its Board of Directors has approved, in principle, a plan to separate FirstService into two independent publicly-traded companies [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, proposed building a 115-story structure on the land it bought from Korea Electric Power Corp. (KEPCO) last year, Seoul city officials said Sunday. The building planned by the group would be 571 meters tall and have a floor area ratio of [...]
SEOUL, Jan. 19 (Korea Bizwire) – The South Korean government announced a plan to create a business friendly environment by revising laws limiting investment this year. According to the plan, two new integrated resorts with casinos, an additional 5,000 hotel rooms and four duty-free shops (three in Seoul and one in Jeju) will be constructed [...]