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As South Korean institutional investors grapple with a wave of distressed overseas real estate assets, the need for specialized workout capabilities has become increasingly important, according to Tailwind Real Estate Partners. Before the Covid-19 pandemic, local institutional investors aggressively expanded their overseas real estate exposure, snapping up high-profile properties in the US, such as trophy office assets in Manhattan. The sharp rise in interest rates and structural changes in the
The Bank of Korea raised its benchmark interest rate for the first time in more than three years on Thursday, as stronger-than-expected economic growth provided the central bank with greater room to tackle mounting inflationary pressures. The BOK's monetary policy board voted unanimously to raise the benchmark rate by 0.25 percentage points to 2.75 percent, ending a yearlong pause in its policy cycle. The move marked the BOK's first rate hike since January 2023, when it raised borrowing costs to
The Bank of Korea on Thursday raised its benchmark interest rate for the first time since May 2025, ending a pause in monetary policy that had persisted for more than a year, as mounting inflationary pressures and the prolonged weakness of the won strengthened the case for further monetary tightening. The Monetary Policy Board agreed to raise the benchmark interest rate by 0.25 percentage point, bringing the base rate to 2.75 percent. The decision came as surging global oil prices triggered by t
South Korea on Tuesday raised its 2026 economic growth forecast from 2 percent to 3 percent and unveiled plans to turn the current semiconductor boom into a lasting increase in the country's growth potential. The government expects nominal gross domestic product to expand 12.3 percent this year — the fastest pace in three decades. Exports are projected to surge 40 percent, while the current account surplus is forecast to more than double to a record $290 billion, driven by soaring semiconductor
A wave of single-stock leveraged exchange-traded funds tied to SK hynix's newly listed US shares is set to hit the market this week, underscoring growing investor demand for products linked to the South Korean chipmaker. US ETF issuers are lining up to launch products tied to the chipmaker, following the strong Nasdaq debut of SK hynix's American depositary receipts, which jumped 13.08 percent from their offering price to close at $168.49 on Friday. The flurry of ETF launches underscores growing
Global X Japan, Mirae Asset Global Investments' Japanese exchange-traded fund unit, has surpassed 1 trillion yen ($6.17 billion) in assets under management, marking a major milestone as it rapidly expands its presence in Japan's ETF market. Mirae Asset said Monday that Global X Japan's AUM reached 1.14 trillion yen at the end of June. The company first crossed the 1 trillion-yen threshold in May and has continued to attract strong inflows. Established in 2019, Global X Japan was Japan's first ET
The American Chamber of Commerce in Korea has launched K-Doorknock, a new initiative to help Korean companies expand their business and investment footprint in the US. The program debuts as part of AmCham's annual Washington Doorknock mission, which will take place in Washington from Sunday through Wednesday. Washington Doorknock is AmCham's flagship annual advocacy program, bringing together business leaders, US policymakers and thought leaders to discuss key issues in the US-Korea economic rel
Chairman Chey Tae-won will not swing a hammer or pull a rope in New York on Friday morning. He is expected to press a touchscreen. At 9:30 a.m. Eastern time, or 10:30 p.m. in Seoul, the gesture will mark the Nasdaq debut of SK hynix’s American depositary receipts, giving US investors a direct dollar-traded route into the South Korean memory chipmaker. SK hynix announced it has set the ADR price at $149 per share, with 177.9 million shares on offer. The offering is expected to generate about $26.
Hana Financial Group said Thursday it had held a customer appreciation event at its headquarters in Myeong-dong, central Seoul, to mark the first anniversary of Hana The Next My Home Pension, its private reverse mortgage product. The event celebrated the product's first year in the market and thanked customers who have enrolled in the program, which was designated an innovative financial service by the Financial Services Commission. Launched in May 2025, the product combines Hana Bank's collater
Major global investment banks have raised their average forecast for South Korea's economic growth this year to 3 percent, the Korea Center for International Finance said Monday, citing a semiconductor-led export boom. The average 2026 real gross domestic product growth forecast among eight major global investment banks rose to 3 percent at the end of June from 2.8 percent a month earlier, marking the first time the consensus has reached the 3-percent level. The outlook has steadily improved fro
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