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BatteriesLG Energy to raise capex by 50% in bet on strong EV growth
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to ramp up capital expenditure b...
Jan 27, 2023 (Gmt+09:00)
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Korean chipmakersSamsung considers chip output cut as first-quarter loss looms large
Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the...
Jan 27, 2023 (Gmt+09:00)
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AgTechRice consumption in S.Korea hits record low in 2022
Last year, per-person annual rice consumption in South Korea fell by half from 30 years ago, marking a record low.According to t...
Jan 27, 2023 (Gmt+09:00)
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Korean startupsA-Team Ventures succeeds in attracting $4.1 mn investment from LX
A-Team Ventures, which runs an online manufacturing platform "Capa," said on Friday that it has raised a Series B funding of 5 b...
Jan 27, 2023 (Gmt+09:00)
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ConstructionLS Electric builds rail signal system in Taiwan for $39.8 million
South Korea's LS Electric Co. on Friday said the Railway Bureau of the Taiwanese Ministry of Transportation and Communications n...
Jan 27, 2023 (Gmt+09:00)
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ElectronicsSamsung seeks to sell more smartphones in Southeast Asia
Southeast Asia is an attractive smartphone market for both heavyweights and mass-market players given the relatively large numbe...
Jan 27, 2023 (Gmt+09:00)
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Business & PoliticsAekyung Chemical develops first fertilizer coating resin with vegetable oil
Aekyung Chemical on Friday said it has developed South Korea's first eco-friendly fertilizer coating resin using vegetable oil.A...
Jan 27, 2023 (Gmt+09:00)
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Bio & PharmaNibec gets approval for its bone graft biomaterials in Colombia, Mexico
South Korea's bioactive peptide technology company Nibec Co. said on Friday that it has obtained product approval for the sale o...
Jan 27, 2023 (Gmt+09:00)
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MachineryDoosan Bobcat opens parts distribution center in Atlanta, Georgia
South Korea's Doosan Bobcat said on Friday that it has opened an additional construction equipment parts distribution center (PD...
Jan 27, 2023 (Gmt+09:00)
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Banking & FinanceWoori Bank's Vietnam subsidiary reports record-high performance
Woori Bank Vietnam, South Korean lender Woori Bank's local subsidiary in Vietnam, had heydays last year, tiding over the afterma...
Jan 27, 2023 (Gmt+09:00)
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Korean InvestorsKorea Exchange acquires market operator license in Singapore
Korea Exchange (KRX) on Thursday said it has received a "Recognized Market Operator" (RMO) license from the Monetary Authority o...
Jan 27, 2023 (Gmt+09:00)
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Shareholder activismKT&G refuses activist funds' call for ginseng biz spinoff
KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list...
Jan 27, 2023 (Gmt+09:00)
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Bio & PharmaS.Korea, Japan compete in gastroesophageal reflux drug market
South Korea is battling Japan again, this time on the global market to treat gastroesophageal reflux disease (GERD). South Korea...
Jan 27, 2023 (Gmt+09:00)
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Venture capitalKorean proptech startup Sweet Spot attracts $7.7 mn Series B funding
South Korea's retail property technology startup Sweet Spot attracted a Series B investment of 9.5 billion won ($7.7 million) fr...
Jan 27, 2023 (Gmt+09:00)
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ECM/DCMSouth Korea fines US brokerage $9.6 million for high-frequency trading
South Korea has fined Citadel Securities over 10 billion won ($8.1 million) for disrupting market order through high-frequency t...
Jan 27, 2023 (Gmt+09:00)
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Artificial intelligenceS.Korea's Bespin Global launches all-in-one AIoT
South Korea's cloud solution provider Bespin Global said on Thursday that it would launch "IoTOps," a software as a service (Saa...
Jan 27, 2023 (Gmt+09:00)
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RetailLotte's virtual human Lucy makes successful debut on live commerce
Lotte Home Shopping said on Thursday that its virtual model Lucy will appear in monthly live commerce broadcasts on its official...
Jan 27, 2023 (Gmt+09:00)
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Bio & PharmaBridge Biotherapeutics, Pinotbio develop lung cancer treatment
South Korea's biotech companies Bridge Biotherapeutics Inc. and Pinotbio on Thursday said they will jointly develop new antibody...
Jan 27, 2023 (Gmt+09:00)