The Business Times
business-time-50
SUBSCRIBERS

South Korean firms on shopping spree for overseas properties

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jun 9, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Seoul

SOUTH Korean firms, led by one of Asia's largest asset managers, are investing in hotels and office buildings abroad as low interest rates locally are driving them to seek better returns overseas.

Their targets are hotels and buildings with marquee names in popular tourist destinations such as Hawaii and San Francisco, where some South Korean firms are paying record prices.

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war 

Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

In taxing wealth, how far can Singapore push property owners?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More