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Mergers & AcquisitionsBaring PEA breaks $1 bn PI Advanced Materials buyout deal
Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film...
Dec 08, 2022 (Gmt+09:00)
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Korean startupsArt tech platform Tessa attracts strategic investment from Kyobo Securities
The art tech platform Tessa said on Thursday that it has succeeded in attracting strategic investment from Kyobo Securities Co. ...
Dec 08, 2022 (Gmt+09:00)
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Bio & PharmaPCL’s diagnostic kit measures concentration of COVID-19 antibodies
PCL Inc., a South Korean in vitro diagnostics device maker, plans to bring two test kits – one that simultaneously detects COVID-1...
Dec 08, 2022 (Gmt+09:00)
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LogisticsDoosan Logistics clinches deal to build Daiso's new hub center
South Korean system integrator Doosan Logistics Solution (DLS) has won a deal to build a new distribution center at 75 billion...
Dec 08, 2022 (Gmt+09:00)
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RetailCafe24 signs agreement with CJ Logistics for fulfillment service
South Korea's e-commerce platform Cafe24 said Thursday that it has signed an agreement with CJ Logistics to provide fulfillment ...
Dec 08, 2022 (Gmt+09:00)
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Samsung GroupHotel Shilla CEO Lee ranks 85th on Forbes' 100 most powerful women
Samsung heiress and Hotel Shilla CEO Lee Boo-jin ranked 85th on The World’s 100 Most Powerful Women selected by Forbes. Lee, who l...
Dec 08, 2022 (Gmt+09:00)
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Food & BeverageS.Korea's fast-food chain Lotteria opens 3rd store in Mongolia
Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mong...
Dec 08, 2022 (Gmt+09:00)
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Korean chipmakersSK Hynix develops world's fastest server DRAM sample
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed working samples of DDR5 multiplexer ...
Dec 08, 2022 (Gmt+09:00)
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AutomobilesHyundai Motor sells hydrogen-powered truck Xcient in S.Korea
Hyundai Motor Co. on Thursday said it launched sales of its hydrogen-powered fuel cell truck Xcient Fuel Cell in South Korea.T...
Dec 08, 2022 (Gmt+09:00)
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Banking & FinanceKorea Shinhan Financial taps banking unit head as group CEO
Shinhan Financial Group appointed the head of its flagship banking unit as the group’s next chief executive officer as the...
Dec 08, 2022 (Gmt+09:00)
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EnergyIljin Electric moves into DC power transmission device market
Iljin Electric, an integrated heavy electric device unit of South Korea's Iljin Group, will participate in the domestic MVDC (me...
Dec 08, 2022 (Gmt+09:00)
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Aerospace & DefenseLIG Nex1, KAIST, HHI sign MOU for unmanned marine system partnership
South Korea's defense contractor LIG Nex1 Co. took part in the "2022 Yi Sun-sin Defense Industry Exhibition" held at the Jinhae ...
Dec 08, 2022 (Gmt+09:00)
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Business & PoliticsSouth Korea needs to attract more foreign professionals: FKI
In order to address the chronic shortage of industrial engineering manpower, a research report proposed that South Korea put more ...
Dec 08, 2022 (Gmt+09:00)
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Korean SMEsHome&Shopping partners with K-Market to explore opportunities in Vietnam
Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs),&n...
Dec 08, 2022 (Gmt+09:00)
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CryptocurrenciesKorea cryptocurrency WEMIX to be delisted on court ruling
WEMIX, a South Korean cryptocurrency issued by WeMade Co., will be delisted on Thursday after a court ruled in favor of four local...
Dec 08, 2022 (Gmt+09:00)
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ArtsLotte Department Store hosts Alfie Caine's first solo exhibition in Asia
Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is ...
Dec 08, 2022 (Gmt+09:00)
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FintechSouth Korea to boost fintech fund to 1 trillion won
South Korea's financial authorities have decided to increase the size of the Fintech Innovation Fund from 500 billion won($379 mil...
Dec 08, 2022 (Gmt+09:00)
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LogisticsCoupang to invest $4.7 billion in supply chains in Korea over 12 years
South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment c...
Dec 08, 2022 (Gmt+09:00)
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Tech, Media & TelecomKakao unveils measures to prevent recurrence of service disruptions
South Korea’s Kakao Corp. has unveiled a series of measures to prevent a recurrence of service disruptions after the mobil...
Dec 08, 2022 (Gmt+09:00)
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ElectronicsMicrodisplays poised to emerge in growing XR market
The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch ...
Dec 08, 2022 (Gmt+09:00)
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BatteriesJSCO Holdings signs MOA with Philippines' nickel mining company
JSCO Holdings said on Thursday that it has signed a comprehensive memorandum of agreement (MOA) with EVE Mining & Developmen...
Dec 08, 2022 (Gmt+09:00)