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EconomyS&P expects BOK to cut rate by 100 bps in 2024 for growth
South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary...
Jul 12, 2023 (Gmt+09:00)
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Shipping & ShipbuildingSecondhand LNG carrier prices hit record high; prospects rosy
Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmen...
Jul 12, 2023 (Gmt+09:00)
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BatteriesEcoPro’s Q2 earnings lag estimates; share plunges
South Korean battery materials maker EcoPro Co. has logged second-quarter earnings below consensus estimates. Its share price, w...
Jul 12, 2023 (Gmt+09:00)
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Food & BeverageStarbucks to offer super-size Trenta drinks in S.Korea
Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first ov...
Jul 12, 2023 (Gmt+09:00)
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Corporate strategyLG Electronics aims to transform into platform-based tech firm by 2030
When LG Electronics Inc. made a surprise move to ungracefully exit the mobile phone business, one of its mainstay businesses, tw...
Jul 12, 2023 (Gmt+09:00)
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Shipping & ShipbuildingHanwha Ocean succeeds in localizing key submarine acoustic equipment
South Korea's Hanwha Ocean Co. has successfully achieved the localization of key acoustic equipment for submarines. The company ...
Jul 12, 2023 (Gmt+09:00)
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RegulationsGo bolder with regulatory reform to foster unicorns in Korea: KERI
Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must t...
Jul 12, 2023 (Gmt+09:00)
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Bio & PharmaSK Biopharmaceuticals gets OK to sell epilepsy drug in Canada
South Korea's SK Biopharmaceuticals has received approval in Canada to sell its new epilepsy drug Cenobamate under the product n...
Jul 12, 2023 (Gmt+09:00)
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ConstructionSamsung C&T invests $7.5 mn in Canadian low-carbon concrete firm
South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in Carbo...
Jul 12, 2023 (Gmt+09:00)
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Korean startupsSK Telecom, Hana Financial Group jointly nurture AI startups
SK Telecom Co. and Hana Financial Group are strengthening their collaboration in the field of artificial intelligence (AI). They...
Jul 12, 2023 (Gmt+09:00)
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Korean stock marketSpeculative bets heat up on to-be-delisted preferred stocks
Preferred stocks of five South Korean companies, including Samsung Heavy Industries Co. and SK Networks Co., have been on a roll...
Jul 12, 2023 (Gmt+09:00)
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MachineryHD Hyundai Infracore uses AR to service Develon construction equipment
South Korea's construction equipment and engine maker HD Hyundai Infracore Co. on Wednesday said its new augmented reality (AR) ...
Jul 12, 2023 (Gmt+09:00)
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ElectronicsSamsung ties up with LG Display for 83-inch OLED TV in US
Samsung Electronics Co., the world’s top TV maker, has joined hands with its South Korean rival LG Display Co. for the lar...
Jul 12, 2023 (Gmt+09:00)
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Private equityNPS commits $163 mn to Macquarie's sixth Korean buyout fund
Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 mill...
Jul 12, 2023 (Gmt+09:00)
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ESGSamsung Electro-Mechanics joins global supply chain consortium RBA
Samsung Electro-Mechanics, South Korean electronic components maker, has joined the Responsible Business Alliance (RBA) and Driv...
Jul 12, 2023 (Gmt+09:00)
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HealthcareKT expands healthcare business in Vietnam
South Korea’s telecom service provider KT Corp. has recently organized a collaborative seminar on digital health alongside...
Jul 12, 2023 (Gmt+09:00)
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EconomyShrinking youth jobs cast shadow over S.Korea’s labor market
Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs ...
Jul 12, 2023 (Gmt+09:00)
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Future mobilitySM Entertainment founder invests in Chinese drone maker
Lee Soo-man, founder and former executive producer of South Korea's SM Entertainment Co., has reportedly made a huge investment ...
Jul 12, 2023 (Gmt+09:00)
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PetrochemicalsS.Korea’s petrochemical players boost plastic container recycling
South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation wit...
Jul 12, 2023 (Gmt+09:00)
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Hydrogen economyHanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursu...
Jul 12, 2023 (Gmt+09:00)