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S. Korea-based UN Climate Fund Endorses 8 Initial Projects

S. Korea-based UN Climate Fund Endorses 8 Initial Projects

SEOUL, Nov. 8 (Korea Bizwire) — The South Korea-based United Nations climate fund has endorsed eight initial projects worth US$168 million to help developing countries deal with climate change, Seoul’s finance ministry said Sunday. In the 11th meeting of the board of directors in Livingston, Zambia, from Nov. 2-5, the Green Climate Fund (GCF) approved [...]

Housing Market for Foreign Residents Expands Rapidly as Population Grows

Housing Market for Foreign Residents Expands Rapidly as Population Grows

SEOUL, Sept. 10 (Korea Bizwire) – As the number of foreign residents continues to increase rapidly, the housing rental market targeting them is expanding and diversifying. According to real estate industry watchers, the preferred residential areas for foreigners are expanding from traditionally popular places like Hannam-dong, Itaewon and Yongsan to Mapo in Seoul, Songdo in Incheon and Pyeongtaek in Gyeonggi [...]

Incheon, Truly a ‘Golden Harbor’: 1 Trl Won to be Invested in Waterfront Development

Incheon, Truly a ‘Golden Harbor’: 1 Trl Won to be Invested in Waterfront Development

INCHEON, Sept. 9 (Korea Bizwire) – More than one trillion won is expected to be invested in the ‘Golden Harbor Development’ project at Incheon’s Songdo International Business District. The Incheon Port Authority announced that they will sign an MOU with BizPost Korea, an affiliate of the American corporation BizPost, related to investment in the Golden [...]

IHG Opened Holiday Inn Incheon Songdo in Korea

IHG Opened Holiday Inn Incheon Songdo in Korea

INCHEON, Sep. 11 (Korea Bizwire) – Intercontinental Hotels Group announced that it opened Holiday Inn Incheon Songdo on September 5 in the Songdo International Business District. The Holiday Inn in Songdo is the first hotel of the group built in metropolitan areas in Korea.  The hotel is nestled within Songdo Central Park with Canal Walk shopping malls, Songdo [...]

Securities Firm Opens Café-like Office to Get Closer to Customers of Songdo

Securities Firm Opens Café-like Office to Get Closer to Customers of Songdo

SEOUL, July 26 (Korea Bizwire) – A Korean stock brokerage firm opened a café-like branch office to help facilitate more casual visits of customers, highlighting cozy and friendly atmosphere — as opposed to the traditionally stereotyped image of boring and stodgy financial institutions. KDB Daewoo Securities inaugurated the Songdo Finance Center at the Songdo International Business [...]