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BatteriesPOSCO aims for top spot in EV battery materials market
Electric car batteries are often dubbed as "another semiconductor" in South Korea, a reference to the importance of semiconduc...
Dec 03, 2020 (Gmt+09:00)
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EconomyKorea set to overtake Japan as No. 5 exporter by 2026
South Korea is set to overtake Japan and become the world’s No. 5 export powerhouse by 2026 on grounds that the country ...
Dec 03, 2020 (Gmt+09:00)
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AutomobilesTax cuts, pandemic lift imported car sales in Korea
Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at st...
Dec 03, 2020 (Gmt+09:00)
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EconomyKRW strengthens to 2.5-year high as Korean stocks rally
The South Korean won has strengthened to its highest level in two and a half years amid local stocks’ three-day bull run t...
Dec 03, 2020 (Gmt+09:00)
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Mergers & AcquisitionsKakao Page to merge with Kakao M ahead of 2021 IPO
South Korea's largest mobile app operator Kakao Corp. is working to merge its content platform affiliates, a strategic move that...
Dec 03, 2020 (Gmt+09:00)
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Private equityMBK buys $228 mn stake in China’s No. 1 car rental firm
MBK Partners has now become the second-largest shareholder in both of China’s two biggest rental car companies after purch...
Dec 03, 2020 (Gmt+09:00)
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IPOsSK Bioscience begins listing process; enterprise value near $3 bn
South Korea’s SK Bioscience Co., set to enter clinical trials for its COVID-19 vaccine candidates, is expected to list on ...
Dec 03, 2020 (Gmt+09:00)
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Fiber & TextileHyosung to expand spandex capacity on home clothing demand
Hyosung TNC Corp, the world’s largest spandex manufacturer, will spend $36 million to nearly double its production capac...
Dec 03, 2020 (Gmt+09:00)