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Mergers & AcquisitionsKakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquir...
Dec 02, 2022 (Gmt+09:00)
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Bio & PharmaLabGenomics, NGeneBio join forces for US market
Korea's two diagnostics companies, NGeneBio Co. and LabGenomics Co., signed a memorandum of understanding (MOU) on Thursday to c...
Dec 02, 2022 (Gmt+09:00)
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Food & BeverageK-chicken chain BB.Q opens second restaurant in New York
BB.Q Chicken, the country’s leading franchise, said on Friday it opened its second restaurant in Manhattan on Dec.1. Thi...
Dec 02, 2022 (Gmt+09:00)
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Shipping & ShipbuildingKorean shipbuilder KSOE wins $308 million order for 2 ethane carriers
Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Ind...
Dec 02, 2022 (Gmt+09:00)
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Electric vehiclesHankook Tire ties up with Chaevi for EV charging service
Korea’s leading tire maker Hankook Tire & Technology Co. and Daeyoung Chaevi, one-stop electric vehicle (EV) charging ...
Dec 02, 2022 (Gmt+09:00)
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AutomobilesHyundai, Kia US sales up 32% in Nov; eco-friendly cars jump
South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip...
Dec 02, 2022 (Gmt+09:00)
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Aerospace & DefenseHanwha Aerospace to launch 4 more Nuri rockets under $220 mn project
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is planning on four additional launches of the cou...
Dec 02, 2022 (Gmt+09:00)
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Aerospace & DefenseHanwha Systems completes training center for Philippine Navy
Hanwha Systems Co. on Friday said it held a ceremony the day before to mark its completion of a combat system training center fo...
Dec 02, 2022 (Gmt+09:00)
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ElectronicsKorea Semiconductor Academy launched to nurture field workers
The Korea Semiconductor Academy was established Thursday with former SK Hynix CEO Seok-hee Lee at its helm.The launch ceremony w...
Dec 02, 2022 (Gmt+09:00)
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MachinerySamsung Galaxy S23 likely to adopt unbreakable smartphone screen glass
A smartphone cover glass that does not break even when dropped from a height of 1 meter onto a concrete floor has been newly dev...
Dec 02, 2022 (Gmt+09:00)
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ArtsKukje Gallery, now 40, to open first overseas branch in Paris
Kukje Gallery announced Thursday that it will open its first overseas branch in Paris, France. It has been 40 years since the ga...
Dec 02, 2022 (Gmt+09:00)
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RetailShilla Duty Free offers metaverse Gucci Beauty class
Shilla Duty Free, Korea's leading duty-free shop chain, is opening a metaverse beauty class in collaboration with Gucci Beauty.T...
Dec 02, 2022 (Gmt+09:00)
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Banking & FinanceBNK Capital launches operations at Kyrgyzstan subsidiary
Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched ...
Dec 02, 2022 (Gmt+09:00)
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FintechDelay in Apple Pay approval for South Korea sends VAN co. shares tumbling
The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of comp...
Dec 02, 2022 (Gmt+09:00)
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EconomyKorea inflation at 7-mth low; BOK may slow rate hike pace
South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices s...
Dec 02, 2022 (Gmt+09:00)
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Capital raisingIndustrial Bank of Korea provides Silicon Valley-style financing for startups
Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups strugg...
Dec 02, 2022 (Gmt+09:00)
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Venture capitalVC firms rake in profit of up to 6 times principal from Raemongraein
Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in p...
Dec 02, 2022 (Gmt+09:00)
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Bio & PharmaKorea approves Daewoong Pharmaceutical's diabetes drug
DAEWOONG PHARMACEUTICAL has received domestic approval for its diabetes drug Envlo with the active ingredient enavogliflozin, th...
Dec 02, 2022 (Gmt+09:00)