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Tech, Media & TelecomSamsung spurs XR device business as new cash cow
Samsung Electronics Co. is accelerating extended reality (XR) device development amid intensifying competition with tech behemot...
Feb 14, 2024 (Gmt+09:00)
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ConstructionKorea gives the nod for foreign workers at plant construction sites
South Korea is expected to allow foreigners to work at plant construction sites nearly two decades after non-native Koreans were...
Feb 14, 2024 (Gmt+09:00)
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RetailHypermarket chain E-Mart posts first annual loss in 2023
South Korea’s top supermarket chain E-Mart Inc. announced on Thursday that it provisionally recorded a consolidated operat...
Feb 14, 2024 (Gmt+09:00)
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Tech, Media & TelecomS.Korean government seeks to lower streaming service rates
The South Korean government is seeking to lower the country’s video streaming service, or over-the-top (OTT) media service...
Feb 14, 2024 (Gmt+09:00)
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AirlinesT’way, Air Premia to take off with Korean Air-Asiana merger
The proposed 1.8 trillion-won ($1.3 billion) merger between Korean Air Lines Co. and Asiana Airlines Inc. will offer a tailwind ...
Feb 14, 2024 (Gmt+09:00)
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Leadership & ManagementKyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur
When Shin Chang-jae took the helm of Kyobo Life Insurance Co. in 2000 the South Korean insurance firm was reeling from the after...
Feb 14, 2024 (Gmt+09:00)
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EarningsKorea’s GS offers dim outlook after weak earnings; stocks down
GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a di...
Feb 14, 2024 (Gmt+09:00)
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EnergyWhat drives opportunity in solar power: NextEnergy Capital
NextEnergy Capital, a leading global fund manager specializing in ground-mounted solar energy, will boost its investments in ren...
Feb 14, 2024 (Gmt+09:00)
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Tech, Media & TelecomSamsung C&T develops new cooling system for data centers
Samsung C&T Corp. announced on Wednesday that it collaborated with the domestic cooling system tech company DataBean to deve...
Feb 14, 2024 (Gmt+09:00)
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AutomobilesBMW joins other foreign brands’ moves to use domestic car GPS in Korea
German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other impo...
Feb 14, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE teams up with Woodside, MOL on liquid hydrogen carrier
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is gearing up to develop and ...
Feb 14, 2024 (Gmt+09:00)
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AutomobilesHankook Tire to supply tires to Toyota truck Hino
Hankook Tire & Technology announced on Wednesday that it will supply new tires for the mid-sized truck Hino from the Japanes...
Feb 14, 2024 (Gmt+09:00)
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Tech, Media & TelecomShortt gets 400 mn views in one year in SE Asian market
Shortt, a South Korean short form content company, announced on Wednesday that it has got a total of 400 million views of its ca...
Feb 14, 2024 (Gmt+09:00)
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Aerospace & DefenseKAI to invest $76 mn in unmanned fighter jets
Korea Aerospace Industries Ltd. (KAI) has announced that it plans to invest 102.5 billion won ($76.64 million) in the developmen...
Feb 14, 2024 (Gmt+09:00)
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ElectronicsLG Innotek’s task ahead: Lessen reliance on Apple
LG Innotek Co. faces growing pressure to lessen its reliance on Apple Inc., which accounts for 70% of its sales. The iPhone make...
Feb 14, 2024 (Gmt+09:00)
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BatteriesLG Energy to buy more Australian lithium for US EV benefits
LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) battery maker, said on Wednesday it was set to bu...
Feb 14, 2024 (Gmt+09:00)
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Food & BeverageCJ CheilJedang overseas food sales surpasses domestic market
South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the four...
Feb 14, 2024 (Gmt+09:00)