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Electric vehiclesHyundai to recall some 82,000 EVs over fire risk; cost seen at $900 mn
Hyundai Motor Co. said on Wednesday that it will recall 81,701 units of its electric vehicles sold worldwide over fire risk, in ...
Feb 24, 2021 (Gmt+09:00)
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Pension fundsNPS posts near 10% returns for second straight year
The National Pension Service (NPS) has reported a provisional return rate of 9.7 percent in 2020, marking the second time for th...
Feb 24, 2021 (Gmt+09:00)
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Tech, Media & TelecomLG Electronics enters TV content platform market with its webOS software
South Korea’s LG Electronics Inc. is entering the TV content platform market by offering its web-based software to TV make...
Feb 24, 2021 (Gmt+09:00)
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Mergers & AcquisitionsShinsegae buys baseball club in quest for retail-sports synergy
The vice-chairman of South Korea’s retail giant Shinsegae Group, Chung Yong-jin, has a reputation of being an early adopte...
Feb 24, 2021 (Gmt+09:00)
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Corporate bondsKorean firms rush to tap bond market ahead of rate hikes
New corporate bond issuance in South Korea is on course to hit 9.2 trillion won ($8.3 billion) in February of this year, the hig...
Feb 24, 2021 (Gmt+09:00)
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K-popFresh attempts to produce K-pop boy bands abroad raise eyebrows
Last month, South Korea-based Big Hit Entertainment Co. announced plans to team up with Universal Music Group to debut a K-pop b...
Feb 24, 2021 (Gmt+09:00)
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Future mobilityHyundai Motor hires US aerospace expert as UAM business CTO
Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as pa...
Feb 24, 2021 (Gmt+09:00)
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CryptocurrenciesBOK chief sees no intrinsic value in cryptocurrencies
Bank of Korea (BOK) Governor Lee Ju-yeol said the recent surge in cryptocurrency prices appears abnormal because they have no in...
Feb 24, 2021 (Gmt+09:00)
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Block dealSK Holdings raises $1 bn from block sale of SK Biopharm shares
South Korea's SK Holdings Co. has offloaded an 11% stake in SK Biopharmaceuticals Co. in a block trade for 1.1 trillion won ($1 ...
Feb 24, 2021 (Gmt+09:00)