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Private equityIMM, Lotte to inject another $76 mn in Hanssem at default risk
South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-li...
Dec 07, 2022 (Gmt+09:00)
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Corporate restructuringKyobo Life seeks to transition into financial holding company
South Korean life insurance behemoth Kyobo Life Insurance Co. is seeking to transition into a financial holding company to expan...
Dec 07, 2022 (Gmt+09:00)
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Food & BeverageKorea's CJ CheilJedang mulls rebrand with name change
South Korean food giant CJ CheilJedang Corp. is considering a new name for the company in a bid to represent its main businesses...
Dec 07, 2022 (Gmt+09:00)
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IPOsNaver affiliate Line Games seeks $756 million IPO in Korea
Line Games Corp., an affiliate of South Korea’s internet giant Naver Corp., plans to list its shares on the Korean stock m...
Dec 07, 2022 (Gmt+09:00)
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E-commerceShopee Korea widens logistics service range for Thailand
Shopee Korea, an e-commerce platform for Southeast Asian and Taiwanese customers, said on Wednesday that it would expand the Shope...
Dec 07, 2022 (Gmt+09:00)
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Bio & PharmaMDimune signs research agreement with Australian National University
MDimune, a South Korean biotech company, said on Wednesday that it had signed an agreement with the Clear Vision Research (CVR) ...
Dec 07, 2022 (Gmt+09:00)
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ESGSK Chemicals obtains highest ESG rating among listed companies
SK Chemicals obtained the highest grade in a recent ESG (environmental, social, and governance) rating evaluation of 1,033 liste...
Dec 07, 2022 (Gmt+09:00)
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Korean startupsKorean hospitality startup Jienem enters Vietnam with local partners
Guesthouse accommodation service provider Jienem is revving up to enter the Vietnamese market.The South Korean startup announced...
Dec 07, 2022 (Gmt+09:00)
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AutomobilesSK Car Rental acquires ISO 45001 for safety, health management system
SK Car Rental said on Wednesday that it has obtained the safety and health management system (ISO45001) certification from the B...
Dec 07, 2022 (Gmt+09:00)
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Mergers & AcquisitionsMacquarie bids for transportation card operator Loca Mobility
Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and...
Dec 07, 2022 (Gmt+09:00)
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Korean gamesDragonfly, CJ ENM sign MOU on content business
Dragonfly said on Wednesday that it has signed a memorandum of understanding (MOU) with CJ ENM Co. to cooperate in moving into...
Dec 07, 2022 (Gmt+09:00)
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Aerospace & DefenseHyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal
Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tank...
Dec 07, 2022 (Gmt+09:00)
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ElectronicsLG Electronics' OLED evo touted as Best TV of the Year
LG Electronics Inc.' OLED Evo has been touted as "The Best TV of the Year" by several global media outlets.According to company ...
Dec 07, 2022 (Gmt+09:00)
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AgTechS.Korea sends dairy cows, livestock genetic resources to Nepal
The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food a...
Dec 07, 2022 (Gmt+09:00)
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Future mobilityLG Innotek unveils plastic-glass lenses for self-driving car camera modules
LG Innotek, the electrical component unit of South Korea's LG Group, said on Wednesday that it has developed two types of high-p...
Dec 07, 2022 (Gmt+09:00)
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Cloud computingPrivate equity juggernauts bid for $758 million worth of KT Cloud shares
A number of private equity giants in South Korea and beyond are bidding for shares worth up to 1 trillion won ($758.2 million) i...
Dec 07, 2022 (Gmt+09:00)
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Chemical IndustryS.Korea develops carbon composite materials as its 2nd steel industry
The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon com...
Dec 07, 2022 (Gmt+09:00)
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CompaniesPan Ocean buys 5% of Hanjin KAL from Hoban Construction
Pan Ocean Co., the shipping affiliate of Harim Group, on Tuesday said it bought a 5% stake or 3.3 million shares in Hanjin KAL C...
Dec 07, 2022 (Gmt+09:00)
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Samsung GroupSamsung’s Lee visits UAE nuclear plant project on first trip as chairman
Samsung Group leader Jay Y. Lee is in Abu Dhabi to meet with businesspeople and politicians and tour the Barakah nuclear power p...
Dec 07, 2022 (Gmt+09:00)
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ESGHankook Tire ESG Report wins gold prize in LACP 2022 Spotlight Awards
The ESG Report of Hankook Tire & Technology won the gold prize in the 2022 Spotlight Awards hosted by the League of American...
Dec 07, 2022 (Gmt+09:00)
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Business & PoliticsLG plans additional $4 billion investment in Vietnam
South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional ...
Dec 07, 2022 (Gmt+09:00)
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AirlinesAir Busan offers 4 daily flights on Busan-Fukuoka route
Korea's low-cost carrier Air Busan Co. from Thursday will add a daily flight to its route linking the nation's biggest port ci...
Dec 07, 2022 (Gmt+09:00)
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Food & BeverageCosmax NBT develops hangover cure ingredient
Cosmax NBT, Inc., Korea's functional health food maker affiliated with the same-name original cosmetics design manufacturer, sai...
Dec 07, 2022 (Gmt+09:00)