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 Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip
The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men growth capital unit focusing on minority stake deals was believed to have lost one or two managers recently.&hellip