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FintechKakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest inte...
May 25, 2021 (Gmt+09:00)
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Korean startupsCloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the grow...
May 25, 2021 (Gmt+09:00)
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Pre-IPOsTravel app Yanolja seeks $900 mn from SoftBank pre-IPO
South Korea’s largest travel platform Yanolja is in negotiations with SoftBank Vision Fund for an investment up to 1 trill...
May 25, 2021 (Gmt+09:00)
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ElectronicsLG Electronics enjoys OLED TV boom with record Q1 shipments
South Korea’s LG Electronics Inc. is enjoying the growing popularity of organic light-emitting diode (OLED) TVs, posting a...
May 25, 2021 (Gmt+09:00)
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Korean startupsAI-based startup Riiid raises $175 mn from SoftBank
Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean...
May 25, 2021 (Gmt+09:00)
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AirlinesHanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine pa...
May 25, 2021 (Gmt+09:00)
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Culture & TrendsReading the air
For the past 18 years I have worked in East Asia, four of them here in Korea and the last ten for the Swiss national trade and inv...
May 25, 2021 (Gmt+09:00)
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Carbon neutralityHyundai Motor chairman vows to go carbon neutral, stresses electrification
Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehic...
May 25, 2021 (Gmt+09:00)
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Capital raisingHanwha Systems to launch $1.1 bn rights issue in June
Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Grou...
May 25, 2021 (Gmt+09:00)
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K-popBTS smooths Butter at Billboard Music Awards; scoops up 4 awards
BTS is unstoppable. The K-pop boy band continues to set fresh records -- becoming the first Korean band to scoop up four awards ...
May 25, 2021 (Gmt+09:00)