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Korean startupsSaudi Arabia emerges as land of opportunity to Korean startups
South Korean startups rush to the Kingdom of Saudi Arabia, where the government is keen to nurture startups with innovative and ...
Mar 23, 2023 (Gmt+09:00)
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Korean startupsAI tech firm Interminds to attract up to $12 mn in Series C
South Korean startup Interminds Co., an AI developer of unmanned convenience store operations, aims to attract 10 billion won to...
Mar 23, 2023 (Gmt+09:00)
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BatteriesSK On, EcoPro, China’s GEM to jointly build precursor factory
South Korea’s electric vehicle (EV) battery major SK On Co. will build a precursor plant at home with a Korean partner, Ec...
Mar 23, 2023 (Gmt+09:00)
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Mergers & AcquisitionsHanwha gets nod on DSME deal from most countries, but not Korea
South Korea’s leading defense maker Hanwha Group has obtained approval for its acquisition of Daewoo Shipbuilding & Ma...
Mar 23, 2023 (Gmt+09:00)
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Business & PoliticsKT faces protracted leadership vacuum amid political meddling
Yoon Kyoung-lim, the sole nominee to be KT Corp.’s next chief executive, has offered to resign, sending the selection co...
Mar 23, 2023 (Gmt+09:00)
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Banking & FinanceBrokerage firms in S.Korea log sharp falls in 2022 earnings
Brokerage firms in South Korea, led by Mirae Asset Securities Co., suffered a 50% plunge in net profit in 2022, as dwindling tra...
Mar 23, 2023 (Gmt+09:00)
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Korean startupsS.Korean fashion platform Ably attracts $39 mn before Series C round
South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via ventur...
Mar 23, 2023 (Gmt+09:00)
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Food & BeverageLotte Confectionery to rebrand as Lotte Well Food
South Korea's Lotte Confectionery Co. will change its name to Lotte Well Food, effective April 1, according to an announcement m...
Mar 23, 2023 (Gmt+09:00)
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Korean chipmakersDB HiTek mulls $780 mn capex in foundry after fabless demerger
South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to ...
Mar 23, 2023 (Gmt+09:00)
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Chemical IndustryAekyung Chemical's coating resin wins certification from USDA
South Korean consumer goods company Aekyung Chemical Co. announced on Thursday that its plant-based oil coating resin has receiv...
Mar 23, 2023 (Gmt+09:00)
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ESGHMM receives Gold rating in EcoVadis ESG evaluation
HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environment...
Mar 23, 2023 (Gmt+09:00)
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ElectronicsLS Cable wins $86 mn contract to supply submarine cables to Taiwan
LS Cable & System Ltd. announced on Thursday that it has won a contract worth about 110 billion won ($86 million) to supply ...
Mar 23, 2023 (Gmt+09:00)
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BatteriesHyundai Motor, Kia develop ultra-high-temp hydrogen fuel cells with US firm
Hyundai Motor Co. and Kia Corp. has joined forces with Advent Technologies, an American maker of membrane electrode assemblies (...
Mar 23, 2023 (Gmt+09:00)
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Korean foodGoobne Chicken signs franchise contract with Texas-based company
Goobne Chicken, an oven-baked chicken brand operated by GN Food Corporation of South Korea, announced on Thursday that it had si...
Mar 23, 2023 (Gmt+09:00)
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Korean foodParis Baguette expands to Canada with first store in Toronto
SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada...
Mar 23, 2023 (Gmt+09:00)
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Mergers & AcquisitionsDongwon backs out of Boryung Biopharma buyout deal
Dongwon Industries Co., South Korea’s No. 1 canned tuna producer, has backed out of a deal estimated between $400 million ...
Mar 23, 2023 (Gmt+09:00)
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Tech, Media & TelecomSK Telecom establishes 5G open RAN indoor demonstration network
South Korean telecom giant SK Telecom Co. has established a 5G open RAN indoor demonstration network at its Bundang headquarters...
Mar 23, 2023 (Gmt+09:00)
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RoboticsS.Korean robot startup aims to ramp up supply by 9 times
A South Korean autonomous-driving robot startup Neubility aims to increase supply by almost nine times this year as demand for s...
Mar 23, 2023 (Gmt+09:00)
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EconomySouth Korea’s births fall to record low in January
South Korea’s births fell to a fresh low in January, while the number of deaths reached its record high, statistics data s...
Mar 23, 2023 (Gmt+09:00)
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Future mobilitySK Innovation invests an extra $50 million in US clean energy firm Amogy
South Korea’s SK Innovation Co. has newly invested $50 million in Amogy Inc., a US ammonia-based power system developer, t...
Mar 23, 2023 (Gmt+09:00)
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FintechSamsung Pay adds Visa to overseas payment service
South Korea's mobile payment and digital wallet service Samsung Pay will allow its Visa-affiliated credit cards issued in the co...
Mar 23, 2023 (Gmt+09:00)
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BatteriesDoosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell
South Korean fuel cell manufacturer Doosan Fuel Cell, and Kolon Global Corp., a South Korean company that specializes in the pro...
Mar 23, 2023 (Gmt+09:00)
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Electric vehiclesEV fast-charging company Crocus succeeds in $5 mn Series B funding
Crocus Inc., a South Korean startup focused on energy infrastructure and leveraging artificial intelligence (AI), announced on W...
Mar 23, 2023 (Gmt+09:00)
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Bio & PharmaPharmaResearch pays employees $7,706 bonus for having 3rd child
With South Korea setting new lows in birth rate every year, PharmaResearch on Wednesday said it will adopt an unprecedented syst...
Mar 23, 2023 (Gmt+09:00)
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AutomobilesHankook Tire supplies tires to BMW Driving Center for 9 consecutive years
Hankook Tire & Technology, a tire manufacturer based in South Korea, announced on Wednesday its exclusive partnership with B...
Mar 23, 2023 (Gmt+09:00)
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AutomobilesSsangyong Motor changes name to KG Mobility
South Korea’s Ssangyong Motor Co., whose new owner is KG Group, has renamed itself KG Mobility, its first name change in 3...
Mar 23, 2023 (Gmt+09:00)