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Corporate investmentS.Korean Hanwha to spend $1 bn on US acquisitions, business
South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to invest $1 billion in acquisitions of companies in th...
May 24, 2023 (Gmt+09:00)
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BatteriesSK On wins $909 mn from BlackRock, QIA, MBK consortium
SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) inve...
May 24, 2023 (Gmt+09:00)
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AirlinesJin Air seeks to spread wings to Indonesia, Singapore
Jin Air Co., a low-cost carrier (LCC) under Korean Air Co., is seeking to expand its air routes to Indonesia and Singapore this ...
May 24, 2023 (Gmt+09:00)
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Electric vehiclesHanon to build $40 mn heat pump systems plant in US state of Georgia
Hanon Systems Corp., a South Korean thermal management systems provider for automakers, is set to inject $40 million to establis...
May 24, 2023 (Gmt+09:00)
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Travel & LeisureS.Korean's interest in Japan travel surpasses pre-No Japan levels
A survey result indicates an increased interest in travel to Japan compared to pre-No Japan boycott levels, while interest in tr...
May 24, 2023 (Gmt+09:00)
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EconomyS.Korea’s direct investment abroad hits record high in Q1 2023
South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-hi...
May 24, 2023 (Gmt+09:00)
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Korean gamesS.Korea’s popular MMORPGs go abroad for profitability
South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMOR...
May 24, 2023 (Gmt+09:00)
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Business & PoliticsSouth Korea officially asks US to ease chip rules on China expansion
WASHINGTON, D.C. – South Korea has officially requested the US government to review details of the guardrail provisions in...
May 24, 2023 (Gmt+09:00)
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Aerospace & DefenseLIG Nex1 secures $75 mn contract for KSIS military ground segment
South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) con...
May 24, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korean space rocket Nuri launch postponed due to technical issues
The launch of South Korea's space rocket Nuri, scheduled for Wednesday afternoon, was postponed hours ahead of schedule."During ...
May 24, 2023 (Gmt+09:00)
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EnergyDoosan Group to show hydrogen turbine model in Busan
Doosan Group companies including Doosan Enerbility Co., Doosan Fuel Cell and Doosan Fuel Cell Power will participate in the upco...
May 24, 2023 (Gmt+09:00)
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AutomobilesHyundai, Kia team up with 11 universities for vehicle electrification
South Korean auto giant Hyundai Motor Co. and its sister company Kia Corp. are joining forces with leading South Korean universi...
May 24, 2023 (Gmt+09:00)
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Chemical IndustryOCI to jointly produce polysilicon for chips with Japanese company
OCI Co., a leading South Korean chemical and green energy company, will team up with chemical giant Tokuyama Corp. of Japan to o...
May 24, 2023 (Gmt+09:00)
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Bio & PharmaCelltrion gets FDA approval for Humira biosimilar CT-P17
South Korean biopharmaceutical company Celltrion Inc. announced on Wednesday that it has obtained product approval from the US F...
May 24, 2023 (Gmt+09:00)
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Artificial intelligenceNeurophet strives to be first mover in fight against Alzheimer’s
Neurophet Inc., a South Korean startup developing artificial intelligence-powered medical solutions for brain diseases, is striv...
May 24, 2023 (Gmt+09:00)
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Tech, Media & TelecomKT Cloud to adopt liquid immersion cooling system for data centers
South Korea’s KT Cloud on Tuesday said it signed a deal with Immersion 4, a Swiss provider of liquid cooling solutions, ...
May 24, 2023 (Gmt+09:00)
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Chemical IndustryS.Korea's top tech school uses salmon DNA to block art counterfeiting
The screen of the latest Samsung Electronics smartphone series Galaxy 23 released this year has a fingerprint recognition wind...
May 24, 2023 (Gmt+09:00)
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ElectronicsASM to invest $100 mn to expand R&D facilities in S.Korea
The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and prod...
May 24, 2023 (Gmt+09:00)
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Aerospace & DefenseHanwha aims to develop unmanned fighter jet engine within decade
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, aims to develop engines for unmanned aircraft with...
May 24, 2023 (Gmt+09:00)
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RetailLouis Vuitton creates jobs for Korean women returning from career breaks
Louis Vuitton will create jobs for South Korean women coming back from career breaks, a rare move for a global high-end brand in...
May 24, 2023 (Gmt+09:00)
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Advertising & MarketingInnocean joins top 10 brand marketing agencies in India
Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that its Indian corporation has joined top...
May 24, 2023 (Gmt+09:00)
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K-popFifty Fifty longest K-pop girl group to stay on Billboard Hot 100
Fifty Fifty has stayed on the US Billboard Hot 100 for nine consecutive weeks, setting a new record for the longest stay by a K-...
May 24, 2023 (Gmt+09:00)