SOUTH KOREA > UK based IHG has announced that it will open a new 300 room Holiday Inn Express hotel in Seoul, South Korea in 2018

Holiday inn logo One of the world’s leading hotel companies, InterContinental Hotels Group (IHG) recently announced that it will open a new 300 room Holiday Inn Express hotel in Seoul, South Korea in 2018. The new Holiday Inn Express Seoul Hongdae will feature a retail mall, extensive dining options and an office tower. The new project is in partnership with the hotel’s major More …

SOUTH KOREA > UK based Unilever has agreed to acquire Carver Korea for €2.27 billion ($2.67 billion) from Bain Capital Private Equity and Goldman Sachs

unilever logo Unilever has agreed for a €2.27 billion ($2.67 billion) acquisition of Carver Korea from Bain Capital Private Equity and Goldman Sachs. Carver Korea, originally an aesthetics company that supplies professional products to beauty salons, has had exponential growth in the last five years and high success rate through the sale of its brand, AHC. Carver’s recent sales revenue was €321m More …

Singapore > New York based WeWork Acquires Spacemob as part of $500 million east Asian expansion investment

weworklogo Due to the growing demand for shared office space in Asia, WeWork is going to invest $500 million to provide workspace for users as varied as freelancers, entrepreneurs and corporations. Concentrating in Singapore, South Korea and Southeast Asia, WeWork is set to buy Singaporean peer Spacemob for an undisclosed amount, retaining the Spacemob’s management team. Turochas “T” Fuad, founder of More …

SOUTH KOREA > Germany’s BMW Group Invests US$ 130 million on a new Distribution Center in Seoul, South Korea

BMW-logo BMW Group recently opened its new BMW Regional Distribution Center (RDC) in Anseong, Gyeonggi-do in southwestern Seoul. This new RDC is the largest one outside of its Munich, Germany. BMW group invested approximately US$112 million (KRW 130 billion) and is projected to create 600 new jobs. According to BMW’s press release, the 211,500 square meter (2.2 million square foot) site More …