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EarningsLG Electronics Q3 profit halves on GM recalls, sales at record-high
LG Electronics Inc. said on Tuesday it expects its third-quarter operating profit to plunge as heavy costs for General Motors Co...
Oct 12, 2021 (Gmt+09:00)
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Foreign exchangeWon hits 15-month low as global inflation woes spur equity outflow
The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growin...
Oct 12, 2021 (Gmt+09:00)
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Future mobilityHyundai-led autonomous industry association to launch in October
South Korea’s leading mobility company Hyundai Mobis Co. will be heading the country’s new industry association of a...
Oct 12, 2021 (Gmt+09:00)
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AirlinesKumho Asiana assures 30-year profits to Gate Gourmet in catering deal
Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed...
Oct 12, 2021 (Gmt+09:00)
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Korean chipmakersSamsung makes industry’s smallest 14 nm DDR5 chip with EUV technology
Samsung Electronics Co., the world’s largest memory chipmaker, said on Tuesday it has begun mass production of the industr...
Oct 12, 2021 (Gmt+09:00)
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Moderna co-founderGiving away patents not in line with capitalist society
WASHINGTON D.C. -- US-based biotechnology company Moderna Inc. wasn’t a household name until the beginning of last year, w...
Oct 12, 2021 (Gmt+09:00)
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Mergers & AcquisitionsKKR named as preferred buyer of SK E&S' $2 bn new shares
KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won (...
Oct 12, 2021 (Gmt+09:00)
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Corporate governanceSK Group to reform governance structure with stronger board of directors
SK Group will undergo a major governance reform with significant empowerment of the board of directors in making key management ...
Oct 12, 2021 (Gmt+09:00)
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Real estate debtM&G picks logistics, residential property for 2022
London-based M&G Investments expects the logistics and residential real estate markets in most parts of Europe to continue t...
Oct 12, 2021 (Gmt+09:00)
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EconomyKorea private debt growth at record high of $98 bn in Q2
South Korea’s private sector debt jumped near $100 billion in the April-June period, a record high of quarterly growth, am...
Oct 12, 2021 (Gmt+09:00)
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Pension fundsKorea Post's savings arm earns 8.45% return in H1
Korea Post's savings arm earned an 8.45% return on investments in the first half of this year, broadly in line with the average ...
Oct 12, 2021 (Gmt+09:00)