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Mergers & AcquisitionsWhy SM emerged as hot battlefield between HYBE, Kakao
SM Entertainment Co., a South Korean music label widely credited as the pioneer of K-pop, has emerged as a new battlefield betwe...
Feb 10, 2023 (Gmt+09:00)
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Bio & PharmaKorean court rules Daewoong poached Medytox’s botox strain
A South Korean court on Friday ruled in favor of Medytox Inc. in a civil lawsuit against its crosstown rival Daewoong Pharmaceut...
Feb 10, 2023 (Gmt+09:00)
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Shareholder activismKorea’s Hyundai Dept. Store drops holding company plan
South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mal...
Feb 10, 2023 (Gmt+09:00)
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Cloud computingHancom goes global with SDK, SaaS products
South Korea’s homegrown office suite developer Hancom Inc. will seek to boost its brand awareness in the global B2B softwa...
Feb 10, 2023 (Gmt+09:00)
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Bio & PharmaGC Biopharma's Ochang facility gets WHO PQ certification
GC Biopharma Co.'s production facility in Ochang (North Chungcheong Province) secured a pre-qualification (PQ) certification fro...
Feb 10, 2023 (Gmt+09:00)
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Artificial intelligenceKakao to unveil Korean language-specific, vertical AI
Kakao Corp., South Korea’s No. 1 mobile messenger platform, will launch Korean language-specific, vertically-integrated AI...
Feb 10, 2023 (Gmt+09:00)
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Shareholder activismActivist fund KCGI to sell Osstem stake to UCK, MBK Partners
Korea Corporate Governance Improvement Fund (KCGI), one of the country’s most aggressive shareholder activists, plans to s...
Feb 10, 2023 (Gmt+09:00)
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Electric vehiclesSurvey reveals consumer preference for hybrid cars over pure EVs
Although global automakers are ramping up efforts to increase sales of pure electric vehicles (EVs), hybrid models remain the pr...
Feb 10, 2023 (Gmt+09:00)
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Korean stock marketKakao Pay joins MSCI Korea Index
Kakao Pay Corp., the mobile payment arm of South Korean tech firm Kakao Corp., has been added to the Morgan Stanley Capital Inte...
Feb 10, 2023 (Gmt+09:00)
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AutomobilesHankook Tire to supply exclusive tires for Formula E in India
Hankook Tire & Technology said on Friday that it will serve as the exclusive supplier and official partner of Formula E's 20...
Feb 10, 2023 (Gmt+09:00)
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Foreign exchangeS.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $1...
Feb 10, 2023 (Gmt+09:00)
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Electric vehiclesLS Cable to inject $53.3 million to set up EV parts JV with HAI
LS Cable & System Ltd. will spend 67.5 billion won ($53.3 million) to set up a joint venture with Austria’s Hammerer A...
Feb 10, 2023 (Gmt+09:00)
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AutomobilesHyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first amon...
Feb 10, 2023 (Gmt+09:00)
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EarningsS.Korea game sector remains in dark after poor earnings
South Korea’s game publishers reported dismal quarterly earnings, deepening concerns over their outlook this year amid dou...
Feb 10, 2023 (Gmt+09:00)
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Chemical IndustryAekyung Chemical to expand surfactant plant in Vietnam
Aekyung Chemical plans to expand its surfactant plant in Vietnam, with the aim of targeting global markets in Southeast Asia, th...
Feb 10, 2023 (Gmt+09:00)
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Asset managementSamsung Asset Management's bond-type ETF assets exceed $7.9 billion
Investment in South Korea is pouring into bond-type exchange-traded funds (ETFs) under the anticipation that interest rate hikes...
Feb 10, 2023 (Gmt+09:00)
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ESGSamsung Electro-Mechanics achieves highest ranking in CDP evaluation
Samsung Electro-Mechanics has achieved its highest ranking in the Carbon Disclosure Project (CDP) evaluation of climate change r...
Feb 10, 2023 (Gmt+09:00)
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EarningsKorean listed firms’ Q4 results miss forecast by big margin
Weak demand from a global economic slump took a big toll on South Korean companies in the fourth quarter of last year, making ma...
Feb 10, 2023 (Gmt+09:00)
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AutomobilesElectric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time du...
Feb 10, 2023 (Gmt+09:00)
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Banking & FinanceS.Korea's banks see deposits plummet $35.5 billion in Jan
Banks in South Korea last month saw deposits plummet over 45 trillion won ($35.5 billion) from the previous month due to a decli...
Feb 10, 2023 (Gmt+09:00)
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Future mobilityLG Electronics, Qualcomm forge ahead in autonomous driving
LG Electronics Inc. has joined forces with Qualcomm Technology to enhance collaboration in the fields of autonomous driving and ...
Feb 10, 2023 (Gmt+09:00)
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K-popBTS label HYBE seeks takeover of K-pop pioneer SM Entertainment
HYBE Co., the music label behind K-pop sensation BTS, is poised to acquire a controlling stake in its South Korean rival SM Ente...
Feb 10, 2023 (Gmt+09:00)
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Bio & PharmaDaewoong Pharma wins permission from Singapore for Nabota
South Korea's drug development company Daewoong Pharmaceutical said on Thursday that it received on Jan. 20 product approval for...
Feb 10, 2023 (Gmt+09:00)
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Chemical IndustryKCC launches Korea’s first organic water-based fire-resistant paint
South Korea's chemical and auto parts manufacturer KCC Corp. said on Thursday that it has launched the Firemask AQ Series, the f...
Feb 10, 2023 (Gmt+09:00)