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 National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip
Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants from CIT Bank, in a rare secondary debt investment for domestic investors. The unidentified Korean institutions, including insurance&hellip