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EarningsKorean refiners log $3.4 bn profit on non-refining business
South Korean refiners enjoyed a $3.4 billion profit in the first half thanks to strong performance of non-refining business, swi...
Aug 09, 2021 (Gmt+09:00)
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Korean startupsKia invests $9 mn in fintech startup Banksalad
South Korea's major automaker Kia Corp. is set to invest 10 billion won ($8.7 million) in Banksalad Co.'s Series D funding rou...
Aug 09, 2021 (Gmt+09:00)
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Tech, Media & TelecomSamsung's Lee to be released on parole on Aug. 13
Samsung Group leader Jay Y. Lee will be released on parole on Friday after having been imprisoned since January of this year on ...
Aug 09, 2021 (Gmt+09:00)
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EnergyHanwha Solutions acquires French renewable firm RES for $860 million
Hanwha Solutions Corp., the energy unit of chemicals-to-financial conglomerate Hanwha Group, is acquiring a 100% stake in RES Me...
Aug 09, 2021 (Gmt+09:00)
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EntertainmentK-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is ...
Aug 09, 2021 (Gmt+09:00)
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Pension fundsKorean pension funds log above-benchmark H1 returns
South Korea's major pension funds have posted robust investment returns above their benchmarks in the first half of this year, d...
Aug 09, 2021 (Gmt+09:00)
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FintechSK Group expands foothold in Southeast Asia fintech sector
South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian f...
Aug 09, 2021 (Gmt+09:00)
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Future mobilityLotte Rental invests over $20 mn in autonomous driving startup ahead of IPO
South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a ...
Aug 09, 2021 (Gmt+09:00)
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M&AsNaver to acquire 20% of Cafe24 to strengthen e-commerce presence
Naver Corp., South Korea’s top online portal, is set to acquire 20% of Cafe24, a Seoul-based global e-commerce solutions p...
Aug 09, 2021 (Gmt+09:00)
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Mergers & AcquisitionsKorean activist fund KCGI joins in consortium to buy Ssangyong
A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) a...
Aug 09, 2021 (Gmt+09:00)
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Private equityMBK sees new opportunities in China's regulatory risk
China's regulatory crackdown on Chinese technology and private education companies is driving up the level of volatility and cre...
Aug 09, 2021 (Gmt+09:00)
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Tech, Media & TelecomGoogle’s in-app billing system ignites power play among Korean regulators
South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy r...
Aug 09, 2021 (Gmt+09:00)