Bloomberg WeWork Cos., the world’s largest provider of shared work spaces, will invest $500 million in Southeast Asia and South Korea, as the New York-based company steps up its expansion plans in global markets. As part of the effort, WeWork will acquire Spacemob, a Singapore-based co-working startup founded in early 2016 by entrepreneur Turochas “T” Fuad and backed by Vertex …

Bloomberg Prosecutors demanded a 12-year jail term for Lee Jae-yong, accusing the billionaire vice chairman of Samsung Electronics Co. of bribing a presidential confidante to increase his control over the world’s biggest maker of smartphones and memory chips. Lee has been in detention since February and is the highest-profile business figure drawn into a scandal that led to the ouster …

Bloomberg Living in the world’s most-expensive property market means having to set aside more than half your income as mortgage payments. Hong Kong’s mortgage-payment-to-income ratio rose to 54.2 percent in June, the highest since 1998, figures from Centaline Property Agency show. The low affordability is a result of the steep rise in home prices, which have kept soaring despite efforts …