AmorePacific expects the zone to create about 4,900 jobs and more than 2-trillion-won economic ripple effects for the regional economy.
The cosmetic giant held a signing ceremony for the Yongin Beauty Industrial Complex Investment agreement on March 14, attended by its chairman Suh Kyung-bae, Nam Kyung-pil, Governor of Gyeonggi Province, and Jung Chan-min, Mayor of Yongin City.
With a floor space of 524,000 square meters, the beauty industrial zone will accommodate a variety of cosmetics research centers and production facilities. In addition to the investment of 163 billion won, which will be used mainly to secure the site, AmorePacific will make additional investments of hundreds of billions of won to set up research and production capacities.
South Korea’s top financial regulator will cut reserve requirements by half for insurance firms’ cross-border infrastructure assets from as early as June, paving the way for domestic insurers to boost overseas alternative investments. The Financial Supervisory Service (FSS) is working&hellip
The Government Employees Pension Service (GEPS) has awarded overseas private debt fund mandates for opportunistic strategies to Apollo Global Management and Cerberus Capital Management to invest up to $160 million, according to the South Korean pension fund on March 24.&hellip
HI Investment & Securities Co. Ltd., an affiliate of South Korean shipbuilder Hyundai Heavy Industries Co. Ltd., has established an offshore aircraft leasing company to buy two used Boeing 777-300ER aircraft from a Chinese leasing firm for $209 million, jointly&hellip