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.
KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion won ($82 million) fund to acquire an Airbus A330-300 model for lease to Singapore Airlines. The South Korean brokerage&hellip
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip