The RSQUARE–Acretree–Shinyoung Asset consortium announced on the 11th that IGIS KORIF Private Real Estate Investment Trust No. 10 has completed the sale of G Valley Biz Plaza, a landmark mixed-use property in southwestern Seoul, to IGIS Asset Management. G Valley Biz Plaza appointed the RSQUARE–Acretree–Shinyoung Asset consortium as its sales advisor in August last year and proceeded with a bidding process in October. Subsequently, IGIS Asset Management acquired the property through a share-deal structure, with the Government Investment Corporation of Singapore (GIC) participating as an equity
According to a report released by RSQUARE Analytics (RA) on the 26th, the number of co-living housing units in Seoul reached 7,371 as of Q1 2025, increasing 4.7 times over the past nine years. Rental demand has also risen by an annual average of 22% between 2022 and 2024. Notably, lease contracts surged by 29% in 2024 compared to the previous year. With this growth trend, major domestic and international companies are actively entering the market. Domestic firms such as 'MGRV', 'DDPS' (an affiliate of SK D&D), 'SLP' (a Shinyoung affiliate), and 'KT Estate' are expanding their businesses, w
[News Space=Reporter seungwon lee] Volvo Cars Korea (CEO Lee Yoon-mo) saw its operating profit increase last year, but its sales and net profit decreased. This is because the deterioration in the non-operating sector's performance caused a decrease in net profit for the period. In addition, it is facing complex risks such as a high debt ratio approaching 800%, deterioration of non-operating profit and loss, strengthening of global supply chain and ESG regulations, and two legal disputes. Cash generation is even weakening to the extent that operating cash flow is negative (-KRW 1.1 billion). Vo
[News Space=Reporter seungwon lee] Daewon Pharmaceutical (CEO Baek Seung-yeol) has been hit with a 'profitability warning light' as its operating profit and net profit both declined despite sales growth last year. According to the Financial Supervisory Service's electronic disclosure system on the 20th, Daewon Pharmaceutical's consolidated sales in 2024 increased by 13.5% from 526.9 billion won the previous year to 598.1 billion won. However, operating profit, a qualitative indicator, decreased by 12.4% from 32.2 billion won the previous year to 28.2 billion won, and net profit also decreased
[News Space=Reporter seungwon lee] Daewon Pharmaceutical has been emphasizing ethical management through the introduction of the Fair Trade Voluntary Compliance Program (CP) and the Anti-Corruption Management System (ISO37001), but it is just empty talk, and its effectiveness is even being questioned due to repeated quality issues and legal risks. In recent years, Daewon Pharmaceutical has been criticized by the industry and society due to repeated administrative actions by the Ministry of Food and Drug Safety (quality defects, violations of the Narcotics Control Act, etc.), high-intensity tax
[News Space=Reporter seungwon lee] CURECA™, a global molecular diagnostics total solutions company, recently released a video at the European Society for Clinical Microbiology and Infection Disease (ESCMID Global 2025, hereinafter referred to as ESCMID), and is receiving rave reviews. Seegene announced on the 23rd that “visitors to the Seegene booth at ESCMID, recently held in Vienna, Austria, unanimously praised CURECA™.” After watching the recently released CURECA™ video, ESCMID participants expressed their anticipation for its future launch, along with favorable reviews of the innovative co
[News Space=Reporter seungwon lee] SK Telecom, the number one mobile communications company in Korea, reported the damage to the relevant authorities after being hacked. The leak of data related to the Subscriber Identity Module (USIM) has been detected, but the exact cause and scale have not yet been revealed. According to SK Telecom on the 22nd, their internal system was hacked on the afternoon of the 19th, and it is believed that some subscriber SIM card-related information was leaked through malware that infiltrated the system. SK Telecom immediately deleted the malware and isolated the su
[News Space=Reporter seungwon lee] Rep. Kang Min-guk (People Power Party, Jinju City B) urged the Fair Trade Commission, Financial Supervisory Service, and other relevant authorities to actively investigate the suspicion that Hanwha Aerospace is effectively forcing its employees to buy paid-in capital increase stocks. On March 20, Hanwha Aerospace decided on a large-scale paid-in capital increase worth 3.6 trillion won, but immediately after the announcement of the paid-in capital increase, it faced criticism that it was a fraudulent paid-in capital increase for the succession of the owner's f
[News Space=Reporter seungwon lee] Rinnai Korea (CEO Cho Sang-hoon, Yoshikazu Tanaka) saw a slight increase in sales last year, but its operating profit soared by a whopping 153% and net profit by 84%. However, despite the good performance, the net assets of its affiliate, Rinnai Plus, are in minus (-1.56 billion won), resulting in complete capital impairment. As the possibility of recovering accounts receivable from Rinnai Plus is low, a provision for bad debts has been set up. According to the audit report disclosed in the Financial Supervisory Service's electronic disclosure system on the 7
[News Space=Reporter seungwon lee] WeWork Korea Limited (CEO Claudio Andres Hidalgo Saz) succeeded in turning a profit last year from a net loss the previous year, but the red light on its financial soundness has become even stronger. The audit agency warned of “material uncertainties related to going concern” due to liquidity risk and capital erosion caused by a surge in short-term borrowings. Even the auditors use this as a euphemism for "serious doubts about the company's ability to continue operating normally." In other words, it is a sign that the company is at risk of closing down or goi
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UPDATE: 2025년 05월 01일 09시 00분
