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RetailE-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE...
Mar 22, 2024 (Gmt+09:00)
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Food & BeverageNongshim to build instant noodle plant in Korea for exports
Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, o...
Mar 22, 2024 (Gmt+09:00)
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Banking & FinanceKorean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan los...
Mar 22, 2024 (Gmt+09:00)
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EnergySK Ecoplant, Vietnam’s BCGE tie up for 700 MW wind, solar projects
SK Ecoplant Co., a South Korean construction engineering and waste management company, said on Friday it has agreed with BCG Ene...
Mar 22, 2024 (Gmt+09:00)
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Corporate governanceNPS to vote in favor of KT&G CEO candidate Bang
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is slated to vote in favor of ...
Mar 22, 2024 (Gmt+09:00)
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InsuranceKIDI to build insurance infrastructure in Vietnam
The Korea Insurance Development Institute (KIDI) announced on Friday that it signed a business agreement with the Vietnam Insura...
Mar 22, 2024 (Gmt+09:00)
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EnergyKOWEPO, France EDF to collaborate for UAE solar projects
Korea Western Power Co. (KOWEPO) announced on Friday that it has signed a United Arab Emirates (UAE) Khazna 1.5 GW Solar Project...
Mar 22, 2024 (Gmt+09:00)
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Korean chipmakersHanmi Semiconductor wins $16 mn HBM equipment order from SK Hynix
South Korean chip equipment company Hanmi Semiconductor Co. announced on Friday that it has secured a 21.5 billion won ($16.1 mi...
Mar 22, 2024 (Gmt+09:00)
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Tech, Media & TelecomLG Uplus Sporki to be featured in Toyota's car Infotainment
South Korea's LG Uplus Corp. announced on Friday that its sports community platform Sporki will be featured in Toyota Connect, t...
Mar 22, 2024 (Gmt+09:00)
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Debt financingMBK secures $1 bn refinancing on Homeplus from Meritz
MBK Partners, the North Asia-focused private equity firm, has refinanced all of its 1.3 trillion won ($1 billion) loans on Homep...
Mar 22, 2024 (Gmt+09:00)
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AutomobilesHyundai, Kia's European sales reach 79,000 units in February
Hyundai Motor Co. and Kia Corp. reported a 2.3% rise in European sales in February, selling a combined total of 79,130 vehicles,...
Mar 22, 2024 (Gmt+09:00)
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Beauty & CosmeticsCJ Olive Young beats Amorepacific to become K-beauty king
CJ Olive Young Corp., South Korea’s top beauty store chain, took the throne in the domestic cosmetics market last year, be...
Mar 22, 2024 (Gmt+09:00)
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Korean chipmakersSamsung to supply $752 million in Mach-1 AI chips to Naver, replace Nvidia
Samsung Electronics Co., the world’s top memory chipmaker, will supply its next-generation Mach-1 artificial intelligence ...
Mar 22, 2024 (Gmt+09:00)
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AirlinesS.Korea, Kazakhstan agree to expand air transport rights
South Korea and Kazakhstan have agreed to expand air transport rights during the South Korea and Kazakhstan aviation talks held ...
Mar 22, 2024 (Gmt+09:00)