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Sunday, February 25, 2018

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This Midtown Manhattan Hotel in Madison Avenue, a legendary New York City luxury hotel with 55 stories, features 909 rooms and suites and 23 ballrooms.

Overseas Acquisitions

1 June 2015 - 10:45am

A Lotte Hotel will exist on the main street of Manhattan in New York City. The Lotte Group announced on May 31 that it had signed a contract to purchase the New York Palace Hotel in Manhattan for US$805 million (900 billion won). 

Hotel Lotte Co., Ltd. will establish a new company that will acquire and manage the hotel by the end of Aug.

Accordingly, Hotel Lotte is to become the nation’s first brand hotel to operate on the main street of Manhattan in New York City. Located at the center of Manhattan in Midtown at the corner of Madison Avenue, the New York Place is a luxury...

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29 July 2013 - 4:29pm

The QE tapering has been a buzzword for markets around the world since late May.

As debates heat up, the Korean stock market pulled back below the 1,800 level last month. But stocks are now extending a sustained rebound as related fears recede.

Was the Fed QE tapering something that markets have not expected?


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Financial Markets

19 July 2013 - 5:42pm

The yield on three-year Korean government bonds, which fell to 2.44% in early May, has risen to back above 3%. The yield on 10-year US Treasuries surged from 1.62% in early May to 2.54% in June. 

Is this upswing of interest rates positive for the economy and financial markets?

The answer is “It depends.” Actually, it depends on key drivers behind the rise in interest rates.


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