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South Korea Foreign Investments Southern California

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BUSINESS
November 26, 1991 | JUBE SHIVER Jr., TIMES STAFF WRITER
In the second sale of a Southland hotel to Korean investors in less than a week, Seoul-based Koreana Hotel Co. has purchased the Hyatt Wilshire Hotel for about $25 million in cash, according to sources close to the deal. The purchase of the 396-room hotel from Hyatt Corp. came after Korean-born investor Charles Lee paid $18.1 million at an auction last Thursday for the 150-room Doubletree Resort in Cathedral City near Palm Springs.
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BUSINESS
November 26, 1991 | JUBE SHIVER Jr., TIMES STAFF WRITER
In the second sale of a Southland hotel to Korean investors in less than a week, Seoul-based Koreana Hotel Co. has purchased the Hyatt Wilshire Hotel for about $25 million in cash, according to sources close to the deal. The purchase of the 396-room hotel from Hyatt Corp. came after Korean-born investor Charles Lee paid $18.1 million at an auction last Thursday for the 150-room Doubletree Resort in Cathedral City near Palm Springs.
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BUSINESS
December 4, 1990 | MICHAEL PARRISH
At first glance, his move makes no sense. Even if his press agents do bill him as the Lee A. Iacocca of South Korea. San-Sik Wee, an Inchon-based furniture manufacturer, is about to build an assembly plant in Southern California, just as other furniture builders are standing in line to get out.
BUSINESS
December 4, 1990 | MICHAEL PARRISH
At first glance, his move makes no sense. Even if his press agents do bill him as the Lee A. Iacocca of South Korea. San-Sik Wee, an Inchon-based furniture manufacturer, is about to build an assembly plant in Southern California, just as other furniture builders are standing in line to get out.
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