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Korean chipmakersSamsung may cut spending as foundry players brace for downturn
Samsung Electronics Co., the world’s largest memory chipmaker, may slash its investment for contract chipmaking known as f...
Jan 13, 2023 (Gmt+09:00)
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BatteriesLG Energy, Honda to build $4.4 billion battery plant in Ohio
LG Energy Solution Ltd. and Honda Motor Co. have launched their first US joint venture to build an electric vehicle battery plan...
Jan 13, 2023 (Gmt+09:00)
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EntertainmentAespa's first VR concert unveiles at the US music festival
AmazeVR, a virtual reality (VR) concert production and distribution platform company, said on Friday that "Aespa VR Concert at K...
Jan 13, 2023 (Gmt+09:00)
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IPOsKorean grocery delivery platform Oasis set for February IPO
South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the c...
Jan 13, 2023 (Gmt+09:00)
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Electric vehiclesSK Energy teams up with state-run power supplier for EV charging station
SK Energy, a major South Korean oil refiner, teamed up with Korea Hydro & Nuclear Power Co. (KHNP) to install electric vehic...
Jan 13, 2023 (Gmt+09:00)
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Food & BeverageK-chicken chain Kyochon signs MOU with Taiwanese food conglomerate
Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a ma...
Jan 13, 2023 (Gmt+09:00)
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Bio & PharmaSK Inc. eyes significant growth in bio business from 2024
SAN FRANCISCO – SK Inc., the investment and holding company of South Korea’s SK Group, expects significant gro...
Jan 13, 2023 (Gmt+09:00)
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Travel & LeisureBusan Port's cruise ship visits to resume after 3 years of hiatus
Cruise ship visits to Busan Port, which was suspended after COVID-19, will resume after three years.The Busan Port Authority sai...
Jan 13, 2023 (Gmt+09:00)
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Korean startupsCapital-impaired SMEs are allowed to participate in government-led R&Ds
Capital-impaired companies can now receive government R&D support as long as they prove their research capabilities.The Mini...
Jan 13, 2023 (Gmt+09:00)
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Bio & PharmaS.Biomedics gets approval for Parkinson's disease clinical trials
South Korea's biomedicine firm S.Biomedics said on Friday that it has won approval from the Ministry of Food and Drug Safety for...
Jan 13, 2023 (Gmt+09:00)
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EconomyBank of Korea gives bearish outlook after rate hike
South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in it...
Jan 13, 2023 (Gmt+09:00)
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FintechWeMade signs partnership deal with global fintech Hashkey
South Korea's game publisher WeMade Co. said on Friday that it had signed a strategic alliance with Hashkey Group, a Hong Kong-b...
Jan 13, 2023 (Gmt+09:00)
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Banking & FinanceKookmin Card acquires Cambodian leasing firm at $5.2 mn
KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquir...
Jan 13, 2023 (Gmt+09:00)
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Banking & FinanceWoori Bank Launches 3D-based metaverse pilot service
Woori Bank launched a 3D-based metaverse pilot service, the bank said on Friday.The bank will provide two services, one for inte...
Jan 13, 2023 (Gmt+09:00)
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Foreign exchangeS.Korea to extend trading hours of local forex market
South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the tr...
Jan 13, 2023 (Gmt+09:00)
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Aerospace & DefenseHanwha Systems opens UAE branch as core base for Mideast exports
South Korea's Hanwha Systems Co. on Thursday opened a branch office in Abu Dubai, the United Arab Emirates in the wake of the co...
Jan 13, 2023 (Gmt+09:00)
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Electric vehiclesHyundai IONIQ 6 honored as safest family car in Europe
Hyundai Motor Co.'s first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Fri...
Jan 13, 2023 (Gmt+09:00)
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Tech, Media & TelecomSamsung SDS calls attacks on cloud biggest threat to cyber security
Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this i...
Jan 13, 2023 (Gmt+09:00)
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BatteriesS.Korea’s battery material exports double to $10 bn
South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, hel...
Jan 13, 2023 (Gmt+09:00)
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Aerospace & DefenseKAI aims to become world's No. 7 aerospace company by 2050
Korea Aerospace Industries Ltd. (KAI) seeks to become the world's No. 7 aerospace company by 2050, aiming to rival the likes of ...
Jan 13, 2023 (Gmt+09:00)