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MarketsS.Korean treasury yields top base rate on hawkish BOK
South Korea’s three-year treasury bond yield topped the base rate for the first time in two months, after the Bank of Kore...
May 26, 2023 (Gmt+09:00)
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ElectronicsLG Electronics blocks access to generative AI in company
LG Electronics Inc. has decided to block access to generative AI services through its intranet. Industry sources said on ...
May 26, 2023 (Gmt+09:00)
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Real estateMirae Asset’s US real estate fund faces heavy losses
A private fund for US real estate managed by South Korea’s Mirae Asset Global Investments Co. has seen huge losses amid th...
May 26, 2023 (Gmt+09:00)
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Venture capitalLotte to open Silicon Valley corporate venture capital unit
Lotte Group, a South Korean retail-to-chemical conglomerate, is set to launch a corporate venture capital (CVC) business in Sili...
May 26, 2023 (Gmt+09:00)
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EarningsS.Korean karaoke machine leader TJ Media enjoys post-pandemic boom
South Koreans’ love for singing is no secret, and with the lifting of social-distancing rules in the post-pandemic era the...
May 26, 2023 (Gmt+09:00)
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SportsHyundai renews FIFA sponsorship; Boston Dynamics, Supernal join
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, said on Friday they have extended their FIFA p...
May 26, 2023 (Gmt+09:00)
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EnergyLS Cable wins $142 mn contract to supply submarine cables to Taiwan
South Korea's LS Cable & System has secured a 189.2 billion won ($142 million) contract with Orsted, Denmark-based world&rsq...
May 26, 2023 (Gmt+09:00)
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EnergyMoody’s cuts credit view on KEPCO to lowest investment grade
Moody’s on Friday cut its view on KEPCO’s credit to the lowest investment grade, a move that could lead the rating a...
May 26, 2023 (Gmt+09:00)
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Artificial intelligenceS.Korea's Shift Up scouts former OpenAI engineer
South Korea's game develop and design studio Shift Up has hired AI developer Kim Tae-hoon, who hails from Silicon Valley, to enh...
May 26, 2023 (Gmt+09:00)
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BatteriesHyundai revs up US advance with $4.3 billion battery JV with LG
Hyundai Motor Co. has taken another step closer to receiving US tax credits for its electric cars sold in the country by signing...
May 26, 2023 (Gmt+09:00)
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Food & BeverageCJ CheilJedang releases Buddhist temple-style vegan dumplings
South Korean food giant CJ CheilJedang Corp. has rolled out Buddhist temple-style dumplings without meat and the five vegetables...
May 26, 2023 (Gmt+09:00)
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Private equityMBK co-founder meets with Korean CIOs to finance 6th buyout fund
Asia’s private equity giant MBK Partners Ltd. is set to accelerate fundraising for its new fund, which is expected to beco...
May 26, 2023 (Gmt+09:00)
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EconomyS.Korea’s heated debate on domestic helpers from Southeast Asia
South Korea is embroiled in a heated debate on a program to recruit domestic helpers from Southeast Asia at lower rates than tho...
May 26, 2023 (Gmt+09:00)
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Bio & PharmaMedtronic to buy S.Korean insulin patch maker for $738 mn
Medtronic Plc., a Dublin, Ireland-based medical device maker, is set to acquire EOFlow Co., a South Korean wearable insulin patc...
May 26, 2023 (Gmt+09:00)
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AutomobilesRenault Korea creates mobility exhibition hall in metaverse
Renault Korea announced on Friday that it plans to establish and run an automobile-related experiential space called Renault Kor...
May 26, 2023 (Gmt+09:00)
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ElectronicsSamsung Electronics opens online pet care store
Samsung Electronics Co. has entered the expanding pet care market with the launch of its Pet Care Store on its official website,...
May 26, 2023 (Gmt+09:00)
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AirlinesS.Korea gov’t urges caution on using Vietjet Air, AirAsia
South Korean consumers have witnessed a substantial rise in complaints related to Vietjet Air and AirAsia, popular low-cost ca...
May 26, 2023 (Gmt+09:00)
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Bio & PharmaHanAll, Daewoong to develop Parkinson's treatment with US partner
South Korea's HanAll Biopharma Co. and Daewoong Pharmaceutical on Thursday said they concluded a contract with NurrOn Pharmace...
May 26, 2023 (Gmt+09:00)
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Tech, Media & TelecomNaver Cloud builds S.Korea’s first 5G network at construction site
Naver Cloud for the first time in South Korea has launched a specialized 5G mobile communications network at an apartment constr...
May 26, 2023 (Gmt+09:00)
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ConstructionS.Korea's construction companies turn sector into high-tech battleground
South Korea's construction companies are aggressively employing state-of-the-art technologies such as artificial intelligence (A...
May 26, 2023 (Gmt+09:00)