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Search resuls for: "CNBC's Chery Kang"


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watch nowThe IPO market has lost relevance in the real economy, but there are "absolutely enormous" opportunities in the health-care sector, according to the executive chairman of global private markets firm Partners Group. Private markets are switching places with public markets as the stewards of the real economy. "Private markets are switching places with public markets as the stewards of the real economy," said Partners Group. Partners' Group recorded $142 billion worth of assets under management as of the first half of 2023. Asked whether Partners Group will someday open up the window for retail investors to tap into the private equity market, Meister said it's already happening, marking a "democratization" of the private market industry.
Persons: Steffen Meister, CNBC's Chery Kang, Meister, it's Organizations: Partners, Milken Asia Summit, Bain & Company, Private, CNBC, McKinsey Locations: Singapore
A dearth of Chinese travelers is nothing to "worry about," said Banyan Tree Holdings founder Ho Kwon Ping. "Most of us in the hospitality industry, a year or so ago, predicted that Chinese tourism would only start to rebound around maybe this year or even next year." For Banyan Tree Holdings — which operates more than 60 hotels in 17 countries — Ho said "Chinese tourism [is] coming back quite strongly." What's missing are the "mass group tours, which provide the numbers, but they don't come to our hotels anyway," he said. "So you have a lot more free individual travelers … and they're the ones who can pay the higher airfares and so on."
Persons: Ho Kwon Ping, CNBC's Chery Kang, — Ho Organizations: Tree Holdings, Milken, Holdings Locations: China
Steve Forbes says the Fed's not going to cut rates soon
  + stars: | 2023-09-12 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Steve Forbes doesn't expect the Federal Reserve to raise rates in upcoming meetings, but the Forbes Media chairman doesn't see cuts in the near term either. "I think the Federal Reserve is not going to increase interest rates in the next few months. I think they're going to pause," Forbes said, citing the slew of contradictory U.S. economic data. The Federal Open Market Committee's next meeting is scheduled for Sept. 19 to 20. There's a 92% chance the central bank will leave rates unchanged after its September meeting, according to the CME's FedWatch tool.
Persons: Steve Forbes doesn't, doesn't, Forbes, CNBC's Chery Kang, There's Organizations: Federal Reserve, Forbes Media, Forbes Global, Fed Locations: Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's environment minister discusses the country's nuclear energy plansCNBC's Chery Kang speaks to South Korea's Environment Minister Han Wha-jin about why the government reversed policies on nuclear energy.
Persons: Chery Kang, Han Organizations: Korea's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal cooperation is key to achieving carbon neutrality: South Korea ministerCNBC's Chery Kang speaks to South Korea's Environment Minister Han Wha-jin about her lifelong interest in the environment, and what the country needs to do to address sustainability issues.
Persons: CNBC's Chery Kang, Han Organizations: Global, Korea's Locations: Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsian Development Bank’s new financing plan aims to unlock up to $15 billion for climate actionCNBC's Chery Kang goes to Incheon, South Korea, for the 2023 annual meeting of the Asian Development Bank, where a new financing plan, titled "IF-CAP" was announced. It aims to unlock up to $15 billion for new ADB climate projects.
Persons: Chery Kang Organizations: Asian Development Bank, CAP Locations: Incheon, South Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPartnerships with China remain crucial, says ADB governors from Switzerland and GermanyAt the ADB Annual Meeting 2023, CNBC's Chery Kang caught up with ADB governors from Switzerland and Germany on their geopolitical strategy regarding China. Sri Mulyani Indrawati, Indonesia's finance minister, also spoke about the ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting that happened on the sidelines of the ADB event.
Persons: CNBC's Chery Kang, Mulyani Organizations: ADB, ASEAN, Ministers, Central Bank Governors Locations: China, Switzerland, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorth Korea's failed satellite launch sent Seoul into 'panic mode'After the launch, an alert message was sent out to Seoul residents in error, causing panic and an increase in internet search traffic on Naver, CNBC's Chery Kang reports.
Persons: CNBC's Chery Kang Locations: Seoul, Naver
Rhee Chang-yong, governor of the Bank of Korea, at an event during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 14, 2023. Bank of Korea Governor Rhee Chang-yong says it's too early to start talking about rate cuts. The South Korean central bank was one of the first to pause its tightening cycle, spurring market speculation that it could soon begin cutting rates. But Rhee told CNBC's Chery Kang at the Asian Development Bank's annual meeting Incheon that those expectations are "premature." "We paused our interest rate [hikes] in the last two meetings because we have increased our interest rate by 300 basis points in 1½ years, very fast in pace.
South Korea Finance Minister Choo Kyung-ho attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, on Indonesia resort island of Bali, on July 16, 2022. (Photo by MADE NAGI / POOL / AFP) (Photo by MADE NAGI/POOL/AFP via Getty Images)South Korea's finance minister says the nation sees is at a "turning point" in economic relations with Japan. Speaking to CNBC's Chery Kang at the Asian Development Bank's annual meeting in Incheon, South Korea's finance minister and deputy prime minister Choo Kyung-ho praised Tokyo's recent decision to restore South Korea to a list of preferred trade partners. Choo said the recent talks with Suzuki will lead to further economic cooperation between the two U.S. allies. "The recent bilateral summit has opened things up for improvement.
South Korea's fertility rate fell to a new low in 2022
  + stars: | 2023-03-06 | by ( Chery Kang | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's fertility rate fell to a new low in 2022High child care and education costs, a demanding work culture and changing attitudes to gender equality are contributing to South Korea's low fertility rate, CNBC's Chery Kang reports.
Soo-Man Lee on why he founded SM Entertainment
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoo-Man Lee on why he founded SM EntertainmentFounder Soo-Man Lee tells CNBC's Chery Kang about his vision for SM Entertainment.
'We need to make Saudi pop music': Soo-Man Lee
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We need to make Saudi pop music': Soo-Man LeeSoo-Man Lee, founder of SM Entertainment, talks to CNBC's Chery Kang about his partnership with Saudi Arabia to create Saudi pop music.
Soo-Man Lee on NCT plans, SuperM's comeback
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoo-Man Lee on NCT plans, SuperM's comebackSoo-Man Lee, founder of SM Entertainment, spoke to CNBC's Chery Kang on future company plans for new NCT groups, and SuperM's pending comeback.
The metaverse is the future of K-pop: Soo-Man Lee
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe metaverse is the future of K-pop: Soo-Man LeeSoo-Man Lee, founder of SM Entertainment, shares with CNBC's Chery Kang about why he believes the future of K-pop lies in the metaverse. He also talks about SM's first metaverse girl band, Aespa.
Gabriel Olsen | Getty Images Entertainment | Getty Images"But when foreign bands come to [South Korea to] perform, they completely took over the stage and fans went wild. Future of K-popAs for the future of K-pop, "I think the metaverse that everyone is talking about these days is the future," Lee says. SM Entertainment established a metaverse world called SM Culture Universe, and launched its first metaverse girl band, Aespa in 2020. SM Entertainment established a metaverse world called SM Culture Universe, and launched its first metaverse girl band, Aespa in 2020. Alexi Rosenfeld | Getty Images Entertainment | Getty Images"SM Entertainment is building 'Play-2-Create'… people can discover their creative side and create in the metaverse.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea in mourning after Halloween stampede kills more than 150 peopleThe South Korean government has declared a national mourning period until the end of Nov. 5 following a Halloween stampede in Seoul where more than 150 were crushed to death. CNBC's Chery Kang reports.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's Kakao and Naver shares fall after fire disrupts servicesShares of Kakao's franchises — Kakao Pay, Kakao Bank and Kakao Games — all fell by more than 7% in Asia's morning session. CNBC's Chery Kang reports.
South Korean and U.S. officials are working toward a "concrete proposal" to resolve their differences over electric vehicle subsidies, South Korea's trade minister told CNBC. "We've established a specific dialogue channel to address this particular issue, and we are glad that the U.S. government wholeheartedly engaged with us to rectify the problems," Ahn Duk-geun told CNBC's Chery Kang on Wednesday. He was referring to concerns over EV subsidies that would put South Korean automakers at a disadvantage, with some South Korean officials calling the move a "betrayal" of the bilateral trust between the two countries. The $430 billion climate and energy bill, or the Inflation Reduction Act (IRA), was signed into law by President Joe Biden in mid-August. Hyundai is the second-biggest EV sellers in the U.S. after Tesla.
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