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Mergers & AcquisitionsKorea's KDB to sell off its life insurer for fifth time
South Korea’s state-run Korea Development Bank (KDB) is poised to accelerate the selling off of its affiliate KDB Life Ins...
Nov 22, 2022 (Gmt+09:00)
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EconomyFinance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the count...
Nov 22, 2022 (Gmt+09:00)
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Korean chipmakersSamsung to make 3 nm chips for Nvidia, Qualcomm, IBM, Baidu
Samsung Electronics Co., the world’s largest memory chipmaker, will make semiconductors with the industry’s most adv...
Nov 22, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale
State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its sta...
Nov 22, 2022 (Gmt+09:00)
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EnergySK, Doosan to launch hybrid EV fuel cell charging stations
South Korea’s SK Energy Co., refiner giant SK Innovation Co.’s petroleum production subsidiary, said on Tuesday it w...
Nov 22, 2022 (Gmt+09:00)
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EconomyOne out of six married women in South Korea opts out of workforce: NSO
One out of six married women in South Korea has opted out of the workforce, to take on most of the childrearing burden in the fa...
Nov 22, 2022 (Gmt+09:00)
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PetrochemicalsKumho Petrochemical to recycle plastic waste with French partner
Kumho Petrochemical on Tuesday said it has concluded a memorandum of understanding (MOU) with French engineering service provi...
Nov 22, 2022 (Gmt+09:00)
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ESGSouth Korea aims to build world’s 6th inland base in the Antarctic
The South Korean government announced on Monday that it will build the world’s sixth inland base in the Antarctic by 2030....
Nov 22, 2022 (Gmt+09:00)
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ElectronicsSamsung, LG make over two-thirds of premium TVs sold worldwide
More than three in five premium TVs sold worldwide are made by either Samsung Electronics Co. or LG Electronics Inc. – a d...
Nov 22, 2022 (Gmt+09:00)
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AutomobilesGM Korea to shut one production line to focus on small cars
General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing...
Nov 22, 2022 (Gmt+09:00)
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Korean foodCJ CheilJedang serves up K-food for Qatar World Cup fans
South Korean food giant CJ CheilJedang Corp. said on Tuesday it is operating a Korean food section within the Qatar World Cup&rs...
Nov 22, 2022 (Gmt+09:00)
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Korean startupsMedical data platform operator JNPMEDI raises $10 mn in Series A funding
Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A rou...
Nov 22, 2022 (Gmt+09:00)
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BatteriesLG Chem to build $3.2 billion US cathode plant in Tennessee
LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it is building a $3.2 billion cathode plant in Tennes...
Nov 22, 2022 (Gmt+09:00)
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Leadership & ManagementLotte to replace construction unit CEO due to liquidity crisis
Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease i...
Nov 22, 2022 (Gmt+09:00)
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AutomobilesMotional expects profit structure improved by 2025
Motional, the US-based self-driving joint venture of South Korea's Hyundai Motor Group, said it expects Motional's profit struct...
Nov 22, 2022 (Gmt+09:00)
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AutomobilesLG Display develops invisible speaker for automobiles
South Korea's LG Display on Monday said it has developed an in-vehicle sound solution that uses screen vibrations to produce sou...
Nov 22, 2022 (Gmt+09:00)