On October 13, Mirae Asset Global Investments announced that it has been victorious in a lawsuit against Brookfield Asset Management regarding the return of the deposit related to the sale of the International Financial Center (IFC) in Yeouido, Seoul. The Singapore International Arbitration Centre (SIAC) has determined that Brookfield violated its contractual obligations and ordered the full return of the performance deposit of KRW 200 billion, along with compensation for delayed interest and all arbitration-related costs. The dispute began in 2021 when Brookfield selected Mirae Asset Global Investments as the preferred bidder for the sale of IFC. Mirae Asset made a takeover proposal for a total of KRW […]