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Electric vehiclesKia to break ground on new Korean EV plant in March
Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpos...
Jan 16, 2023 (Gmt+09:00)
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Leadership & ManagementSamsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs
Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food deli...
Jan 16, 2023 (Gmt+09:00)
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ConstructionKolon Global secures patent for Kankan Smart Space technology
South Korea's construction engineering company Kolon Global Corp. said on Monday that it has obtained a technology patent for th...
Jan 16, 2023 (Gmt+09:00)
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BatteriesHanwha, LG Energy team up for US battery production
South Korea’s Hanwha Group will invest in LG Energy Solution Ltd.'s battery production lines for energy storage systems (E...
Jan 16, 2023 (Gmt+09:00)
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AutomobilesSsangyong Motor takes part in Brussels Motor Show
Ssangyong Motor Co. said on Monday that it would participate in the 2023 European Motor Show Brussels and begin to move into the...
Jan 16, 2023 (Gmt+09:00)
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PetrochemicalsLotte Chem to sell Pakistan unit for $156 mn to finance other projects
Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the co...
Jan 16, 2023 (Gmt+09:00)
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North KoreaSouth Korea Revives Nuclear Debate as Tensions With the North Rise
SEOUL—Rising tensions on the Korean Peninsula and Pyongyang’s spree of weapons tests are fueling a debate in South K...
Jan 16, 2023 (Gmt+09:00)
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Bio & PharmaCelltrion applies for EMA approval of smaller dose formulation of Yuflyma
Celltrion Inc. announced on Monday it applied to the European Medicines Agency (EMA) for approval of a 20 mg/0.2 mL formulation ...
Jan 16, 2023 (Gmt+09:00)
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ECM/DCMS.Korean brokerage lowers stock forecast for S-Oil over poor prospects
South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133...
Jan 16, 2023 (Gmt+09:00)
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AirlinesAsiana Airlines completes transforming cargo carriers to passenger planes
South Korean airline Asiana Airlines Inc. has returned all seven aircraft converted into cargo carriers during the COVID-19 pand...
Jan 16, 2023 (Gmt+09:00)
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Bio & PharmaSK Chemicals launches uremia itching treatment tablet
SK Chemicals said on Monday that it has launched Remitch in orally disintegrating tablets, a treatment for intractable uremic pr...
Jan 16, 2023 (Gmt+09:00)
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Food & BeveragePulmuone builds data sharing cluster for factories
South Korea's major plant-based food company Pulmuone Co. Ltd. said on Monday that it has built a "digital cluster smart factory...
Jan 16, 2023 (Gmt+09:00)
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Korean chipmakersSamsung CEO says construction of Taylor foundry on track
A US road in Taylor, Taxas, where global chip giant Samsung Electronics Co. is building a $17 billion fabrication plant on a sca...
Jan 16, 2023 (Gmt+09:00)
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Shareholder activismK-pop label SM to increase number of outside directors
South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing...
Jan 16, 2023 (Gmt+09:00)
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Foreign exchangeKorea eyes removal of pre-reporting for forex transactions
South Korea as early as the second half of next year could lift regulations on money transfers abroad that exceed $50,000 per ye...
Jan 16, 2023 (Gmt+09:00)
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Business & PoliticsUAE’s sovereign funds to invest $30 billion in South Korea
ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclea...
Jan 16, 2023 (Gmt+09:00)
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AutomobilesKia's Carens selected as Car of Year in India
Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto ma...
Jan 16, 2023 (Gmt+09:00)
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ElectronicsLG Elec's Tennessee plant named Lighthouse Factory by WEF
LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Econ...
Jan 16, 2023 (Gmt+09:00)
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RegulationsFSS to inquire actual use of funds raised by issuing ESG bonds
From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will h...
Jan 16, 2023 (Gmt+09:00)
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Leadership & ManagementLG Chem CEO named to head industrial body of World Economic Forum
South Korea's LG Chem Ltd. on Sunday said its CEO and Vice Chairman Shin Hak-cheol on Thursday will be named chair of the Chemic...
Jan 16, 2023 (Gmt+09:00)
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Corporate strategyS.Korea's SKC Solmics changes name to SK Enpulse
South Korea's SKC Solmics, a wholly owned fine ceramics subsidiary of SKC, on Sunday said it changed its name to SK Enpulse.With...
Jan 16, 2023 (Gmt+09:00)