The share prices of Korea's cosmetics and duty-free shops which plunged due to concerns over China's retaliation against Korea's THAAD deployment, rebounded sharply across the board.
The main driver behind this rebounding is the rumors that Korea's THAAD deployment may be delayed, which, in turn, would contribute to improving the relations between Korea and China.
On April 17, Hotel Shilla closed at 51,100 won, up 7.47 percent or 3,550 won from the previous trading day. Over the past nine months since the Korean government announced its THAAD deployment plan, the share price of Hotel Shilla declined by about 23 percent.
The stock price of Shinsegae also rose 2.78 percent on the day. The share prices of cosmetics firms also showed strong rebounding. The share prices of the nation's 30 listed cosmetics firms grew by 4.77 percent on average, including It's Skin (6.31%), AmorePacific (5.53%), Amore G (4.58%), and LG Household & Health Care (4.46%).
Singapore’s Ascendas-Singbridge Group closed the acquisition of a newly-built office building in Seoul for S$124.3 million ($92.3 million) this week, in what appears to be an opportunistic investment. Ascendas sees long-term potential in the 19,578-square-meter ICON Yeoksam tower, built in&hellip
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip