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Mergers & AcquisitionsSD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn
SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring ...
Jul 07, 2022 (Gmt+09:00)
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Pension fundsKorean retirement funds, mutual aids struggle with profitability
Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with glob...
Jul 07, 2022 (Gmt+09:00)
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EarningsLG Elec. profit down on costs; automotive biz back in the black
LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commod...
Jul 07, 2022 (Gmt+09:00)
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Tech, Media & TelecomSouth Korea’s merch-producing platforms target influencers
Digital content creators in South Korea – YouTube partners, Tiktok creators and webtoon writers – are no longer rely...
Jul 07, 2022 (Gmt+09:00)
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Electric vehiclesPOSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Ele...
Jul 07, 2022 (Gmt+09:00)
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Shipping & ShipbuildingHyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder ...
Jul 07, 2022 (Gmt+09:00)
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Corporate bondsKorean companies' net issuance of bonds in H1 hits six-year low
South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Kore...
Jul 07, 2022 (Gmt+09:00)
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AutomobilesHyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where ...
Jul 07, 2022 (Gmt+09:00)
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Foreign exchangeKorean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial cris...
Jul 07, 2022 (Gmt+09:00)
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Hydrogen economyKorea hydrogen council launches $382 mn fund
The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydro...
Jul 07, 2022 (Gmt+09:00)
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Korean chipmakersSamsung Elec's Q2 earnings signal end of upward run
Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months be...
Jul 07, 2022 (Gmt+09:00)