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Corporate restructuringS.Korea to restructure ailing petrochemical industry
South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rival...
Nov 21, 2024 (Gmt+09:00)
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Leadership & ManagementLG Group carries out modest management reshuffle
Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modes...
Nov 21, 2024 (Gmt+09:00)
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Electric vehiclesHyundai premieres IONIQ 9 to be made in US, Korea
LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker&rsq...
Nov 21, 2024 (Gmt+09:00)
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Shareholder valueSK Square to buy back $72 mn shares amid Palliser's value-up push
SK Square Co., the investment arm of South Korea’s No. 2 conglomerate SK Group, announced shareholder-friendly measures on...
Nov 21, 2024 (Gmt+09:00)
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ElectronicsSamsung Electronics, LG Uplus to jointly develop ixi-O AI smartphone
South Korean tech giant Samsung Electronics Co. has joined forces with mobile carrier LG Uplus Corp. to unveil an AI smartphone ...
Nov 21, 2024 (Gmt+09:00)
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Shipping & ShipbuildingSamsung Heavy sails autonomous demonstration vessel
The South Korean Ministry of Trade, Industry and Energy announced on Thursday the launch ceremony for Samsung Heavy Industries' ...
Nov 21, 2024 (Gmt+09:00)
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Bio & PharmaHanmi Pharma to move up launch of anti-obesity drug
South Korea’s Hanmi Pharmaceutical Co. announced on Thursday the launch of its anti-obesity drug candidate efpeglenatide h...
Nov 21, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion to acquire additional $72 mn in treasury shares
South Korea's Celltrion Inc. announced on Thursday that it decided to repurchase additional treasury shares worth 100 billion wo...
Nov 21, 2024 (Gmt+09:00)
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Mergers & AcquisitionsHyosung Chemical scraps specialty gas unit sale to IMM, STIC
Hyosung Chemical Corp. has failed to reach an agreement with a consortium of IMM Private Equity and STIC Investments Inc. to sel...
Nov 21, 2024 (Gmt+09:00)
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Korean chipmakersSK Hynix starts mass production of 321-High NAND
SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Thursday the mass production of its 321-layer 1...
Nov 21, 2024 (Gmt+09:00)
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Korean startupsBering Lab eyes 7-fold jump in revenue in 5 years
Bering Lab Inc., a South Korea-based artificial intelligence technology-powered translation startup with specialties in legal, f...
Nov 21, 2024 (Gmt+09:00)
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Korean foodCJ CheilJedang to invest $584 mn to build food factories in Europe, US
CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturi...
Nov 21, 2024 (Gmt+09:00)
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EnergyKEPCO wins Saudi Arabia's two gas power plant projects
Korea Electric Power Corp. (KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operat...
Nov 21, 2024 (Gmt+09:00)
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K-popFormer ADOR CEO Min unfollows NewJeans' SNS
Min Hee-jin, the former CEO of ADOR, HYBE Co. 's label behind the K-pop girl group NewJeans, announced her resignation as the la...
Nov 21, 2024 (Gmt+09:00)
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BatteriesLG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil
South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery...
Nov 21, 2024 (Gmt+09:00)