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Mergers & AcquisitionsKorea's Kakao Pay to buy 51% of US financial firm Siebert
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursda...
Apr 27, 2023 (Gmt+09:00)
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EarningsLG Elec’s home appliance unit hits record-high profit in Q1
The home appliance division of LG Electronics Inc. posted its largest ever quarterly profit in the January-March period, exceedi...
Apr 27, 2023 (Gmt+09:00)
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Carbon neutralityKorea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026
ULSAN – SK Gas Ltd. South Korea’s leading liquefied petroleum gas (LPG) supplier, is set to spend $1.5 billion on li...
Apr 27, 2023 (Gmt+09:00)
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Korean startupsS.Korea to support exports of 100 SMEs in metaverse, XR industry
South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized e...
Apr 27, 2023 (Gmt+09:00)
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Business & PoliticsS.Korea, US to jointly invest $60 mn for student exchange programs
South Korea and the United States have agreed to jointly invest $60 million in the exchange of young professionals in the field ...
Apr 27, 2023 (Gmt+09:00)
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Business & PoliticsS.Korea to abolish customs declaration forms from May
Starting from May 1, South Korea's travelers who have no items to declare to customs upon entry will not have to fill out a cust...
Apr 27, 2023 (Gmt+09:00)
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Korean startupsS.Korean walking app Cashwalk debuts in Spain, Italy
Nudge Healthcare, a South Korean startup that operates the health management app Cashwalk, has added Italy and Spain to the list...
Apr 27, 2023 (Gmt+09:00)
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Business & PoliticsElon Musk reaffirms Korea among top candidates for Asia Gigafactory
WASHINGTON, D.C. – Tesla Inc. Chief Executive Elon Musk said on Wednesday that South Korea is still among its top candidat...
Apr 27, 2023 (Gmt+09:00)
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ElectronicsSamsung unveils 89-inch Micro LED display in China
Samsung Electronics Co. will launch its 89-inch Micro LED display in China for the first time at the "Appliance & Electronic...
Apr 27, 2023 (Gmt+09:00)
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Waste managementKolmar Korea develops eco-friendly paper stick for cosmetic
Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, has unveiled a new paper stick container made from min...
Apr 27, 2023 (Gmt+09:00)
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Artificial intelligenceSK Telecom, Golfzon develop AI golf platform
An artificial intelligence platform in South Korea has produced a golfing coach that analyzes and diagnoses problems in swing po...
Apr 27, 2023 (Gmt+09:00)
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EarningsPOSCO Int’l Q1 operating profit up 30% with merged energy affiliate
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc...
Apr 27, 2023 (Gmt+09:00)
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Tech, Media & TelecomKT Submarine to install part of undersea cable for Google, Meta
South Korea’s undersea cable company KT Submarine Co. said on Thursday that it has signed a 9.2 billion won ($6.85 million...
Apr 27, 2023 (Gmt+09:00)
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Mergers & AcquisitionsKorea clears way for Hanwha's $1.45 bn takeover of DSME
South Korea’s Fair Trade Commission (FTC) on Thursday gave its nod for Hanwha Group’s 2-trillion-won ($1.45 billion)...
Apr 27, 2023 (Gmt+09:00)
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EconomyChinese weak domestic demand causes S.Korean trade deficit: report
The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China base...
Apr 27, 2023 (Gmt+09:00)
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Food & BeverageDongwon Group drops bid to take over McDonald’s Korea
Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Kore...
Apr 27, 2023 (Gmt+09:00)
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AirlinesKorean Air, Asiana to increase award seats ahead of merger
Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditio...
Apr 27, 2023 (Gmt+09:00)
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ElectronicsS.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance
South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display ...
Apr 27, 2023 (Gmt+09:00)
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EntertainmentHYBE bets big on AI; to unveil generative AI project in May: Chairman Bang
HYBE Co. is set to wow the world again but this time with the much-hyped generative artificial intelligence technology as it pla...
Apr 27, 2023 (Gmt+09:00)
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EarningsSamsung bets on H2 recovery with heavy spending after record chip losses
Samsung Electronics Co. on Thursday reported its worst quarterly loss for its semiconductor business, but echoed the widely held...
Apr 27, 2023 (Gmt+09:00)
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RetailS.Korea’s Musinsa, Disney to collaborate character products
South Korea’s online fashion platform Musinsa has partnered with the Walt Disney Company Korea, a Korean unit of the ...
Apr 27, 2023 (Gmt+09:00)
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Korean startupsS.Korea, UL Solutions sign agreement for supporting domestic startups
The South Korean Ministry of SMEs and Startups announced on Thursday that it has signed a business agreement with global certifi...
Apr 27, 2023 (Gmt+09:00)
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EconomyS.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their...
Apr 27, 2023 (Gmt+09:00)