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.
Mirae Asset Global Investments Co. Ltd. invested 54 billion won ($48 million) last week in mezzanine debt secured on two warehouses leased to FedEx Corporation on behalf of South Korean institutional investors, in its second investment in the logistics facilities&hellip
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city in a deal worth around 50 billion won ($44 million), with a view to reselling&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip