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Corporate strategyPlant, machinery maker Doosan seeks future from chips, robots
BARCELONA -- South Korea’s plant and machinery powerhouse Doosan Group is seeking its future growth engines from the semic...
Mar 02, 2023 (Gmt+09:00)
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AutomobilesHyundai autoworker: Dream job for many South Koreans
In South Korea, blue-collar work has for decades been shunned by job seekers because of the hard manual labor as well as the wid...
Mar 02, 2023 (Gmt+09:00)
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BatteriesSamsung SDI wins $95 mn EU aid for Hungary battery plant
Samsung SDI Co. has secured €89.6 million ($95 million) in subsidies from the European Union for its first electric vehicle...
Mar 02, 2023 (Gmt+09:00)
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EnergySK Materials makes equity investment in ION for CO2 capture partnership
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION...
Mar 02, 2023 (Gmt+09:00)
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Pension fundsS.Korea's NPS likely to log 8.2% loss for 2022, record-low return
South Korea’s National Pension Service (NPS) is expected to post a negative return of 8.2% for 2022, according to its prel...
Mar 02, 2023 (Gmt+09:00)
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ESGSKC earns ISO 37001 certification for anti-corruption management
SKC, the chemical materials unit of South Korea's second-largest conglomerate, announced on Thursday that it has received the IS...
Mar 02, 2023 (Gmt+09:00)
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Banking & FinanceS.Korea's K Bank posts highest net profit in 2022
K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadr...
Mar 02, 2023 (Gmt+09:00)
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ESGS.Korea’s HMM tops carbon efficiency ranking on key shipping route
South Korea’s largest container line HMM Co. said on Thursday it had the lowest carbon emission intensity on East Asia&nda...
Mar 02, 2023 (Gmt+09:00)
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AutomobilesHyundai, Kia close in on Toyota with record US sales
Hyundai Motor Co. and Kia Corp., under South Korea’s Hyundai Motor Group, posted their largest-ever sales for February in ...
Mar 02, 2023 (Gmt+09:00)
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Bio & PharmaSamsung Biologics bags $183 million CMO order from Pfizer
Samsung Biologics Co., the world’s No. 1 contract drug maker in terms of production capacity, has won a $182.7 million con...
Mar 02, 2023 (Gmt+09:00)
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Beauty & CosmeticsS.Korea's Aekyung opens Luna brand store on Chinese TikTok
Aekyung Industrial, a South Korean consumer products company, announced on Thursday the opening of a stand-alone brand shop for ...
Mar 02, 2023 (Gmt+09:00)
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Korean startupsCarmerce raises $2.3 mn in Series A led by Hankook Tire
South Korea's used car e-commerce platform Carmerce has raised 3 billion won ($2.3 million) in a Series A funding round led by...
Mar 02, 2023 (Gmt+09:00)
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Korean chipmakersUS CHIPS Act threatens Samsung, SK Hynix’s memory supremacy
WASHINGTON D.C. – The Biden administration’s “Chips for America” program aims to keep China’s grow...
Mar 02, 2023 (Gmt+09:00)
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AutomobilesKia unveils electric SUV EV9 teaser images
Kia Corp., a South Korean carmaker, unveiled teaser images of its latest electric SUV, "The Kia EV9," on Thursday. This electric...
Mar 02, 2023 (Gmt+09:00)
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Waste managementSK Ecoplant launches 4th plant in US
South Korea's environment-focused energy company SK Ecoplant Co. on Thursday said it added a base for recycling electrical and e...
Mar 02, 2023 (Gmt+09:00)
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EconomyS.Korea’s exports drop for 5th straight month in Feb on plunging chip sales
South Korea’s exports shrank 7.5% year over year in February on a plunge in shipments of its mainstay export item semicond...
Mar 02, 2023 (Gmt+09:00)
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Food & BeverageS.Korea's KGC to spur ginseng sales in China with state-run CR Group
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng ...
Mar 02, 2023 (Gmt+09:00)
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Private equityIMM PE to buy extra Hanssem shares in tender offer
IMM Private Equity will buy additional shares in South Korea’s Hanssem Co. for 100 billion won ($77 million) in a tender o...
Mar 02, 2023 (Gmt+09:00)
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Electric vehiclesS.Korean EV charger maker lands $770 mn export deal in North America
South Korea's Moderntec, an electric vehicle (EV) charging solutions company, on Wednesday said it signed a three-year export co...
Mar 02, 2023 (Gmt+09:00)
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AirlinesEastarJet to resume flights after three years of suspension
South Korean budget carrier EastarJet will resume flights on the domestic Gimpo-Jeju route on Mar. 26 after a three-year hiatus ...
Mar 02, 2023 (Gmt+09:00)
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Bio & PharmaGC Biopharma introduces candidates for treating blood coagulation disease
South Korea's GC Biopharma Corp. announced on Tuesday that it had entered into an agreement to transfer assets with Catalyst Bio...
Mar 02, 2023 (Gmt+09:00)
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Bio & PharmaCJ CheilJedang invests in Australian bio startup
South Korea's food and bio company CJ CheilJedang Corp. on Wednesday said it will invest in the Australian bio startup Provectus...
Mar 02, 2023 (Gmt+09:00)
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Bio & PharmaDaewoong’s Nabota expands into Germany, Austria
South Korean drugmaker Daewoong Pharmaceutical Co. said on Tuesday it had launched its botulinum toxin product Nabota in Germany a...
Mar 02, 2023 (Gmt+09:00)
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Shipping & ShipbuildingKSOE wins order for 4 petrochem product carriers
Korea Shipbuilding & Offshore Engineering (KSOE), HD Hyundai Co.'s intermediate shipbuilding subsidiary, announced on Tuesda...
Mar 02, 2023 (Gmt+09:00)
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CompaniesHanwha Techwin changes name to Hanwha Vision
South Korea’s Hanwha Techwin on Wednesday changed its name to Hanwha Vision and unveiled its new corporate image. On ...
Mar 02, 2023 (Gmt+09:00)