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Travel & LeisureKorea’s luxury resort market blossoms despite slow economy
South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky ho...
Feb 02, 2024 (Gmt+09:00)
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Corporate bondsKorean firms’ monthly net debt sales hit record high in January
South Korean investors armed with ample liquidity have rushed to buy corporate debts to enjoy high yields before rates head sout...
Feb 02, 2024 (Gmt+09:00)
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Beauty & CosmeticsKorean vegan makeup brand Dear Dahlia on the market
Dear Dahlia, a South Korean vegan makeup brand that operates around 300 stores across the globe, has been put on for sale for mo...
Feb 02, 2024 (Gmt+09:00)
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EarningsNaver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content busin...
Feb 02, 2024 (Gmt+09:00)
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EarningsS-Oil’s 2023 operating profit more than halves on weak refining margins
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year,...
Feb 02, 2024 (Gmt+09:00)
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EnergyPOSCO Int’l to invest $760 mn in energy business in 2024
POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 milli...
Feb 02, 2024 (Gmt+09:00)
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AutomobilesHyundai, Kia EV sales on a roll in US due to better style, pricing
Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a...
Feb 02, 2024 (Gmt+09:00)
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Aerospace & DefenseKAI sees record-high earings in 2023
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last yea...
Feb 02, 2024 (Gmt+09:00)
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Korean gamesNexon's DnF Mobile obtains Chinese game service license
South Korean online game developer Nexon Korea Corp.'s "Dungeon & Fighter Mobile" has obtained a banhao (game service licens...
Feb 02, 2024 (Gmt+09:00)
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RegulationsDelays in court rulings raise business risks for South Korean companies
Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was expected to hit the global market with great ...
Feb 02, 2024 (Gmt+09:00)
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ConstructionSamsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects
Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last y...
Feb 02, 2024 (Gmt+09:00)
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Cloud computingNaver Cloud launches real-time streaming feature
South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Friday that it has launched a "real-time streami...
Feb 02, 2024 (Gmt+09:00)
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EconomyKorea’s inflation at 6-month low in further relief to BOK
South Korea’s headline inflation dropped for a third straight month to a six-month low on declining oil prices, adding rel...
Feb 02, 2024 (Gmt+09:00)
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AirlinesS.Korea, Indonesia agree to free up flight routes
South Korea and Indonesia have agreed to allow unrestricted flight operations between their regional airports. This announcement...
Feb 02, 2024 (Gmt+09:00)
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RetailE-Mart24 to open 1st convenience store in Cambodia in June
E-Mart24 Inc., a leading South Korean convenience store chain, announced on Friday plans to enter the Cambodian market, aiming t...
Feb 02, 2024 (Gmt+09:00)
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Artificial intelligenceNaver expands Papago with Arabic translation, boosting global reach
South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-dr...
Feb 02, 2024 (Gmt+09:00)