The US and North Korea near diplomatic thaw Sep 4, 2007
Geneva: U.S. Assistant Secretary of State Christopher Hill walks out of the U.S. Mission for a media briefing after bilateral talks with North Korea on Sunday. Denis Balibouse/Reuters. (Christian Science Monitor -- World)
Panasonic Signs Official Worldwide Olympic Partnership Agreement Sep 4, 2007
SECAUCUS, N.J., Sept. 3 /PRNewswire/ -- Panasonic, the leading brand by which Matsushita Electric Industrial Co., Ltd. is known, announced today it has signed an agreement with the International Olympic Committee (IOC) to renew its Official Worldwide Olympic Partnership for another eight years through to the 2016 Olympic Games. The signing ceremony, held at The Banqueting House in London, was hosted by IOC President Jacques Rogge, and Fumio Ohtsubo, President of Matsushita Electric Industrial... (Yahoo! Wire -- Entertainment News)
Korean shows to air Stateside Aug 31, 2007
HarperCollins CEO a publishing industry rock star Writers, cast, crew able to refine episodes You need to upgrade your Flash Player Newsletters Festival Listings Real Estate Advertisement. media & entertainment industry jobs online. (Variety)
FuelCell Energy Alliance Partner POSCO Signs Fuel Cell Market Development Pact With KEPCO Aug 23, 2007
Source: FuelCell Energy, Inc.. Aug. 23, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc. (NasdaqGM: - ), a leading manufacturer of secure ultra-clean power plants using a variety of fuels for commercial, industrial and utility customers, today announced that its strategic alliance partner POSCO (NYSE: - ) has formed a partnership with the world's fifth-largest electric utility, Korean Electric Power Company (KEPCO), to develop and jointly market power plants incorporating fuel cell stack modules... (Primezone Releases)
* Seoul raises interest rate to six-year high Aug 10, 2007
"Consumer price inflation remains stable despite the rise in international oil prices," it said, adding that rising real estate prices appeared under control. Separately, Standard s Ratings Services yesterday cautioned about the sustainability of the country's economic growth. (Taipei Times, Taiwan -- Business)
KT Launches Mega TV Utilizing NDS Content Protection Aug 6, 2007
Source: NDS Group plc. -- NDS selected as content protection provider for KT's Mega TV service. (Yahoo! Wire -- Entertainment News)
Company Profile for ESTsoft Corp. Aug 4, 2007
Source: ESTsoft Corp.. --(BUSINESS WIRE)--Founded in 1992, ESTsoft is a leading software development company in the Republic of Korea. (Yahoo! Wire -- Entertainment News)
* S Korea announces incentives to create Asian financial hub Jul 19, 2007
The government also plans to diversify investments by the state-run Korea Investment Corp into private equity funds, hedge funds, real estate and other areas, and to boost its assets to US$200 billion by 2015. Early this month parliament passed the Capital Market Consolidation Act, hailed as Korea's "Big Bang," which lifts barriers between different financial sectors in Asia's third largest economy. (Taipei Times, Taiwan -- World)
UBS cuts earnings forecasts for S.Korean chip makers Jun 19, 2007
Free Report from Donald Trump about Real Estate Investing. www. (Yahoo News -- Technology)
JPMorgan wins South Korea asset manager license May 11, 2007
"That will speed up the influx of more and more discretionary income, now tied up in real estate or bank accounts, into financial services products.". The Bank of Korea estimates half of South Korea's 1,500 trillion won ($1,619 billion) in individual financial assets have been put in bank deposits at the end of 2006, about three times the amount consumers put into investment products, including bonds and equities. (ABC News -- Wire)
Digital distribution network for Megabox Apr 30, 2007
You need to upgrade your Flash Player Newsletters Market Listings Real Estate Advertisement. media & entertainment industry jobs online. (Variety)
LIVE, LIVE, LIVE! Apr 17, 2007
- Travel - New York Post Online Edition. Tuesday, April 17, 2007 Last Update: 10:00 AM EDT. (New York Post -- Entertainment)
Prime taps Kim as CEO Apr 10, 2007
Advertisement Newsletters Market Listings Real Estate Advertisement. media & entertainment industry jobs online. (Variety)
In South Korea, tying the knot has plenty of strings attached Mar 22, 2007
Nowadays, changes like the rising status of women, the country's growing wealth and, not least, skyrocketing real estate prices have complicated matters. Today in Asia - Pacific. (International Herald Tribune)
Disney's THE LION KING Celebrates First Rehearsal in South Africa Mar 22, 2007
Source: Disney Theatrical Productions. JOHANNESBURG, South Africa, March 21 /PRNewswire/ -- Monday marked the first rehearsal for the 10th anniversary production of Disney's THE LION KING. In attendance were the production's Tony Award winning director Julie Taymor, producer Thomas Schumacher, co-composer Lebo M, and veteran theatre producer Pieter Toerien. (Yahoo! Wire -- Entertainment News)
Property trading falls as market turns bearish Feb 26, 2007
Including unreported transactions, the ministry estimated the number of real estate deals in January at 40,000, far below a record high of 81,000 in October ... The recent depressed apartment trading is cooling the real estate sector ... They also argue that the Uri Party's efforts to cool real estate prices are aimed at winning votes for the December presidential election. (Korea Herald, Korea)
'Legislation key to property market stability' Feb 15, 2007
Prompt legislation is crucial to stabilizing the real estate market, a senior economic policymaker said yesterday. "The real estate market has been showing clear signs of stabilization since the government's plan (to require private builders to disclose construction costs) was announced on Jan. 11," Vice Finance Minister Kim Seok-dong said in a weekly briefing ... Kim stressed that the real estate market could start wobbling again if the legislation is held up. (Korea Herald, Korea)
Seoul to boost housing supply, new city projects Feb 5, 2007
The official trading price of real estate will be announced every quarter, instead of semiannually, which will help home buyers and policymakers keep better track of the market. Ministry officials are considering making it a monthly announcement. (Korea Herald, Korea)
Local banks to tighten housing loan screening Jan 31, 2007
A hard landing in real estate prices may lead to households defaulting, which could then threaten the financial soundness of lenders. Korea's household debt as a share of gross domestic product rose to 67 percent in the third quarter of 2006, from about 64 percent a year earlier, according to Lehman Brothers Holdings Inc.. (Korea Herald, Korea)
Rental homes to cover 20 percent by 2017 Jan 31, 2007
It will also launch a real estate fund to finance the construction of these rental homes for those who cannot afford to buy one. "It is now time to shift the focus of property policy to enhancing public housing welfare," Finance Minister Kwon O-kyu said yesterday. (Korea Herald, Korea)
Qatar Forum opens in Seoul Jan 30, 2007
The seminar will provide information on Qatar's technologies; research and development facilities; and education, tourism, real estate and financial industries. The oil- and gas-rich state has been increasingly popular among investors because it is one of the world's fastest-growing economies. (Korea Herald, Korea)
[10 YEARS AFTER CRISIS]Major firms emerge stronger from crisis Jan 29, 2007
" Construction businesses At the time of the nation's financial crisis, the high interest rate and the sharp drop in real estate prices dealt a fatal blow to the local construction businesses whose debt ratio remained high. Even the affiliates of conglomerates were thrust into a serious liquidity crisis. Many of them eventually succeeded in restoring normal operations through the painstaking restructuring process and are looking for new owners. Several former affiliates of conglomerates are... (Korea Herald, Korea)
Future South Korean economy growth in doubt Jan 25, 2007
Real estate prices nonetheless soared 5. 62 percent last year, the fastest growth rate since 2002, according to government figures released Thursday. (International Herald Tribune -- Business)
2007 sees neither bull nor bear, yet Jan 25, 2007
However the local central government's tightening approach to the currency and real estate market will weigh heavily on the stock market performance, he said. Stringent real estate policies have cooled the local construction sector, and the near-future housing price drop will make interest rate burdens heavier for local households laden with mortgage loans. (Korea Herald, Korea)
Housing market shows signs of cooling Jan 19, 2007
"This week, the prices of Gangnam apartments posted a 0.1 percent decline. It is the first time since last August that prices dropped," said Kim Eun-gyeong of Speedbank, an online real estate information provider ... "Those in need of a new home are opting for jeonse contracts, instead of purchases, as they anticipate home prices will take a slide following tough government measures," said Kim Kyu-jung, a market analyst at Real Estate 114. (Korea Herald, Korea)
GNP race heats up Jan 17, 2007
There are allegations that Lee has accumulated property through real estate speculation. But his aide said he didn't sell his three houses for 30 years since he received them from Hyundai Group while serving as head of multiple affiliates of the conglomerate. (Korea Herald, Korea)
Seoul relies on capital outflow to cool won Jan 15, 2007
Private investors will be allowed to spend up to $3 million in offshore real estate investment, up from $1 million under the current rule ... They can also sell funds invested in real estate and commodities here from next month. (Korea Herald, Korea)
Government rebuffs claims that cost disclosure will wither supply Jan 12, 2007
"As more end users will be able to afford homes, prices of existing homes will stabilize," said Koh Jong-wan who represents a local real estate consultancy RE Members. Skepticism persists, however, that discouraged builders could abandon new housing projects, leading to a decline in the supply of housing, which could result in soaring prices. (Korea Herald, Korea)
Conservative lawmaker struggles to reshape the liberal ruling party Jan 11, 2007
They have often been at odds over an array of economic and diplomatic issues, notably North Korea and real estate. Kang, a former financial bureaucrat, is the leader of the party's center-right faction. (Korea Herald, Korea)
Builders forced to disclose costs Jan 11, 2007
Such concerns were partly revealed by the minister, saying "We know many experts worry that the excessive restrictions could raise anxieties in the real estate market by shrinking supply.". "We are trying to fend off negative effects on the construction investment by minimizing impact on the industry. The government measures will be a boon to the economy.". (Korea Herald, Korea)
Slow start to sale season Jan 9, 2007
"Most experts point to a slowdown in economic growth for the first half, mostly because of a squeeze in consumer sentiment driven by the government measures to curb real estate speculation," said Lee Sang-koo, an analyst at Hyundai Securities. "Against such backdrop, the fall in sales may portend an overall slower year.". (Korea Herald, Korea)
Tensions rise over property policy Jan 7, 2007
Some observers point out the Uri Party's fully-fledged efforts to cool real estate prices are aimed at winning votes in the upcoming presidential election December. Housing prices have soared in Seoul and its suburbs over the past three years due to an unbridled demand from baby-boomers and short supply. (Korea Herald, Korea)
'Property bubble not widespread' Jan 5, 2007
"In Japan, this caused a real estate market debacle on a massive scale," Park added. "High net worth clients are now avoiding real estate purchases because they fear the price has hit its peak," a private banker at Kookmin Bank said. (Korea Herald, Korea)
