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EarningsLotte Chemical projects recovery in Q2 after 4th consecutive loss in Q1
Lotte Chemical Corp. suffered its fourth consecutive operating loss in the first quarter due to a prolonged petrochemical slowdo...
May 11, 2023 (Gmt+09:00)
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Pension fundsNPS' alternative assets underperform benchmark amid high inflation
National Pension Service (NPS) in South Korea, the world’s third-largest pension fund, saw its returns on alternative inve...
May 11, 2023 (Gmt+09:00)
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RetailS.Korea’s Dongdaemun fashion district shows revival post-COVID-19
Doosan Tower, the most visible shopping mall in the Dongdaemun fashion market, is finally making a comeback. The number of forei...
May 11, 2023 (Gmt+09:00)
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EconomyS.Korean growth outlook dims on increased trade deficit
South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May,...
May 11, 2023 (Gmt+09:00)
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Cloud computingKorean KT Cloud to raise $452 mn from IMM via rights offering
KT Cloud Corp., a subsidiary of South Korea’s telecom giant KT Corp., is set to raise 600 billion won ($452 million) from ...
May 11, 2023 (Gmt+09:00)
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Tech, Media & TelecomS.Korea to invest $2.6 bn in quantum technology by 2035
South Korea will spend 3.5 trillion won ($2.6 billion) on quantum science and technology development by 2035 in partnership with...
May 11, 2023 (Gmt+09:00)
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CompaniesS.Korea advised to slash corporate inheritance tax to 30%
South Korean entrepreneurs are imposed heavy inheritance taxes of up to 60% to hand down wealth to their children, the highest l...
May 11, 2023 (Gmt+09:00)
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ElectronicsSamsung’s new Bespoke line: It's time of reckoning for device chief
Han Jong-hee, Samsung Electronics Co.'s vice chairman, has been in charge of the South Korean tech giant’s digital experie...
May 11, 2023 (Gmt+09:00)
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Chemical IndustrySK Chemicals to show eco-friendly cosmetic containers in China
South Korea's SK Chemicals Co. will participate in the China Beauty Expo 2023, hold in Shanghai, China, from May 12 for three ...
May 11, 2023 (Gmt+09:00)
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Supply chainSamsung SDS, Emro, US-based o9 Solutions to collaborate on SaaS
South Korea's Samsung SDS Co. announced on Thursday that it has entered into strategic partnerships with o9 Solutions, a leading...
May 11, 2023 (Gmt+09:00)
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Korean foodKGC promotes S.Korean top red ginseng brand CheongKwanJang in China
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp. , announced on Thursday its participation i...
May 11, 2023 (Gmt+09:00)
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LogisticsCJ Logistics to establish global distribution center in Saudi Arabia
South Korea's CJ Logistics unveiled plans on Thursday to construct a Global Distribution Center (GDC) in Saudi Arabia, a burgeon...
May 11, 2023 (Gmt+09:00)
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The KED ViewAlign Partners' shareholder activism? Think twice
The three-month saga over the control of the K-pop pioneer SM Entertainment Co. early this year was a painful lesson about activ...
May 11, 2023 (Gmt+09:00)
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ElectronicsSamsung Electronics to open flagship store in Seoul's Gangnam district
Samsung Electronics Co. in late June will open its new flagship store Samsung Gangnam near Gangnam Station, a posh area of Seoul...
May 11, 2023 (Gmt+09:00)
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MarketsS.Korea's brokerages lower stock target prices for Shinsegae Int'l
South Korea's securities companies on Thursday lowered their target stock prices for retailer Shinsegae International given its ...
May 11, 2023 (Gmt+09:00)
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COVID-19Korea to lift most COVID-19 rules with lower crisis level
South Korean President Yoon Suk Yeol on Thursday declared an end to most COVID-19 restrictions including mandatory quarantine fo...
May 11, 2023 (Gmt+09:00)
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EconomyS.Korea in March posts first current account surplus in 3 months
South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account tha...
May 11, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korea to apply private advanced tech to military weapons in 5 years
South Korea has approved a fast-track system that slashes complex administrative procedures for application of private technolog...
May 11, 2023 (Gmt+09:00)
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Beauty & CosmeticsCJ Olive Young targets Japanese sun care products market
Round A'round, South Korea's top beauty chain CJ Olive Young's own cosmetic brand, announced on Thursday that its popular sun ca...
May 11, 2023 (Gmt+09:00)
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CryptocurrenciesTerra co-founder Do Kwon’s $177 million assets in Korea under seizure
Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in S...
May 11, 2023 (Gmt+09:00)