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PartnershipsLG Display, Disney partner to offer new viewing experiences
South Korea’s LG Display Co. and US-based StudioLAB have entered a three-year partnership that will combine the local display maker's innovative OLED technology with Disney’s content. Both companies expect their partnership to evolve into
31 MINUTES AGO
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AI semiconductorsAI chip market to tip over $100 bn in M&A deals
The global semiconductor industry has been swamped with a series of massive deals this year, likely to tip over $100 billion in deal volume as companies ramp up their artificial intelligence (AI) related semiconductor operations.Global chipmakers inc
2 HOURS AGO
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Bio earningsSamsung Biologics Q1-Q3 profit beats entire 2019 gains
Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO) in terms of capacity, posted an operating profit of 200.2 billion won ($177 million) in the first nine months of the year, exceeding the profit for all of 2019
16 HOURS AGO
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EarningsLG Chem’s Q3 profit soars to all-time high
South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September period thanks to robust sales in petrochemical products and batteries.The company said in a regulatory f
18 HOURS AGO
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Leveraged buyoutKorean M&A industry may reconsider LBOs
Oct 20, 2020 (Gmt+09:00)
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Memory chipsSK Hynix to buy Intel’s NAND business in $9 bn deal
Oct 20, 2020 (Gmt+09:00)
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M&AsCoffee Bean Korea seeks 100% stake sell-off
Oct 19, 2020 (Gmt+09:00)
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Waste managementKKR buys stake in Korean sewage disposal firm
Oct 19, 2020 (Gmt+09:00)
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Biotech stocks
Once high-flying bio stock hit by financial scandal
Helixmith Co., once No.2 stock on the junior Kosdaq market, has lost 40% in the past week following its disclosure of $233 million investment in high-risk assets over the past few years. Its financial investment included an undisclosed amount injected into a domestic private equity fund that has suspended redemptions amid a high-profile financial s
18 HOURS AGO
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Forex market
Korean won hits 19-month high against USD
The South Korean won is riding high against the dollar amid expectations of a new US stimulus package, as presidential candidate Joe Biden’s likely victory in the upcoming US election is expected to provide a tailwind, pushing the currency’s value further higher.On Seoul’s foreign-exchange market on Oct. 21, the dollar/won rate wa
21 HOURS AGO
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Unemployment rate
COVID-19 pandemic slams Korea’s job market
Hit hard by the fallout of the coronavirus pandemic, South Korea lost about 392,000 jobs in September, with the number of employed slipping for the seventh consecutive month.The country's jobless rate rose by 0.5 percentage point to 3.6% in September from a year earlier, Statistics Korea said on Oct. 16. The number of employed fell to 27.01 million
Oct 16, 2020 (Gmt+09:00)
