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Apartment Fever Grips S. Korea

Apartment Fever Grips S. Korea

SEOUL, Oct. 5 (Korea Bizwire) — A 41 year-old office worker earned a windfall of 80 million won (US$71,000) over a canceled apartment transaction, a case that underscores the recent rapid surge in home prices in Seoul. The salaried worker of a major South Korean conglomerate made a down payment of 10 percent of the [...]

Court Rules “Robot Taekwon V” is Independent Property

Court Rules “Robot Taekwon V” is Independent Property

SEOUL, Aug. 1 (Korea Bizwire) — A South Korean court has found that the Korean cartoon character “Robot Taekwon V” is a separate property, with independent copyright that is distinguished from “Mazinger Z,” its Japanese counterpart. In a case filed against an importer of toy goods by the “Robot Taekwon V” company, the court ordered [...]

Madison Realty Capital Provides $167.5 Million of Financing to Restructure Madison Square Park Tower, Luxury Condo Project at 45 East 22nd Street

Madison Realty Capital Provides $167.5 Million of Financing to Restructure Madison Square Park Tower, Luxury Condo Project at 45 East 22nd Street

NEW YORK, Jun. 11, 2018 (Korea Bizwire) — Madison Realty Capital (MRC) closed a $167.5 million first mortgage loan collateralized by Madison Square Park Tower, a luxury condominium development located at 45 East 22nd Street in the Madison Square Park neighborhood of Manhattan.  In a complex multi-party transaction MRC rapidly delivered financing to Ian Bruce Eichner [...]