
Sajo Seafood Buys Hines Cold Chain Shed in Greater Seoul for $65M
The Korean tuna processor agreed to acquire the 487,258-square-foot Hwaseong warehouse from Hines and Pebblestone Asset Management to expand its metropolitan distribution network.
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NYSE: CPNG · Last close
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The Korean tuna processor agreed to acquire the 487,258-square-foot Hwaseong warehouse from Hines and Pebblestone Asset Management to expand its metropolitan distribution network.

South Korea’s chief trade negotiator, Yeo Han-koo, has been dismissed from his position. This development comes as Seoul faces increasing tariff demands from the United States, alongside ongoing trade disputes and investment commitments.

Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…

E-commerce heavyweight, Coupang, experienced a marked downturn in the second quarter, with a considerable net loss despite an uptick in sales. This negative financial impact was primarily due to substantial penalties linked to a massive data breach in South…

A significant fire broke out at Coupang’s No. 32 logistics center located in Incheon, west of Seoul, prompting an evacuation of surrounding businesses and factories due to structural collapse concerns. The fire, which originated on the building’s sixth floor…

South Korea has handed down a massive fine of 625 billion won (US$409.30 million) to e-commerce behemoth, Coupang. This follows an extensive breach of customer information and illicit collection of personal data, marking the country’s most substantial data…
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