Level 5
Scope
Date
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Electric vehicles
Hyundai ties up with LG, SK for $5.3 bn US EV cell plants
Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...
Apr 21, 2023 (Gmt+09:00)
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Foreign exchange
Korean won near 5-month low despite weak dollar; outlook dark
The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundamen...
Apr 21, 2023 (Gmt+09:00)
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Korean startups
Sports tech startups poised to launch next Korean unicorn
UK Premier League Tottenham Hotspur star forward Son Heung-min and two-way US MLB icon Shohei Ohtani, a designated pitcher and hitter for the Los An...
Apr 20, 2023 (Gmt+09:00)
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Metaverse
Krafton, Naver Z to establish metaverse joint company
Krafton Inc., a leading game developer in South Korea, is establishing a joint company for a metaverse platform business with Naver Z Corp., a metav...
Apr 17, 2023 (Gmt+09:00)
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Korean stock market
POSTECH hits jackpot with stakes in POSCO companies on battery boom
Pohang University of Science and Technology (POSTECH), set up by South Korea’s steel giant POSCO Group in 1986 as a research university in the...
Apr 17, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea plans to make digital platform gov't based on large-scale AI
South Korean government is pursuing various measures to nurture talent as a way to secure national competitiveness in the AI industry as represented...
Apr 14, 2023 (Gmt+09:00)
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Corporate strategy
POSCO International to transform into green company by 2030
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., on Thursday unvei...
Apr 13, 2023 (Gmt+09:00)
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Economy
Korean economy unlikely to rebound in H2; BOK may keep rate
South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...
Apr 13, 2023 (Gmt+09:00)
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Electric vehicles
Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales
South Korea’s top automaker Hyundai Motor Co. is expected to enhance its presence in Indonesia, which has drastically reduced its value-added ...
Apr 13, 2023 (Gmt+09:00)
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Airlines
S.Korea's airlines boosting staff amid recovering demand for overseas travel
South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...
Apr 13, 2023 (Gmt+09:00)
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Travel & Leisure
Hopeful signs for full comeback of Korean resort operator Paradise
Paradise Co., a major South Korean resort and casino operator, is taking big steps towards a full comeback this year from the pandemic shock, with a...
Apr 12, 2023 (Gmt+09:00)
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The KED View
What’s the next K-sensation after rise of 60-year-old K-ramen?
It was not easy for latecomer Samyang Foods Co. to come up with a recipe for its own instant ramen noodle 60 years ago when Japanese rival Nissin ...
Apr 11, 2023 (Gmt+09:00)
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Business & Politics
KCCI, JCCI hold a working level meeting in six years
Business representatives from South Korea and Japan gathered for the first time in six years, with the Korea Chamber of Commerce and Industry (KCC...
Apr 11, 2023 (Gmt+09:00)
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Earnings
LG Electronics eyes solid Q2 results after Q1 earnings surprise
LG Electronics Inc. is expected to report solid earnings for the second quarter after its first-quarter operating profit beat market expectations an...
Apr 09, 2023 (Gmt+09:00)
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Private equity
Korean PE firm STIC taps Bain & Co senior partner for PE business
South Korean private equity firm STIC Investments Inc. is set to hire Lee Hyukjin, a senior partner of global management consulting firm Bain & ...
Apr 06, 2023 (Gmt+09:00)
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Korean stock market
Investors ready their return to Korean stock market but with bet on declines
Investors are readying their return to the stock market in South Korea, encouraged by the rosy outlook for secondary battery stocks, but more retail...
Apr 06, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, AMD extend partnership for next-generation graphic chips
Samsung Electronics Co. said on Thursday it is extending its strategic partnership with Advanced Micro Devices Inc. to jointly develop next-generati...
Apr 06, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix to raise $1.5 bn in exchangeable bonds
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Monday it would raise $1.5 billion through exchangeable bonds (EBs) in a p...
Apr 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins order $512 mn for two LNG carriers
South Korea's shipbuilder Samsung Heavy Industries announced on Monday that it had won a contract worth 674.5 billion won ($512.3 million) to build ...
Apr 03, 2023 (Gmt+09:00)
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Airlines
S.Korea seeks to restore volume of int'l flights to pre-COVID-19 levels
Resuming flights from Incheon International Airport to and from Prague, Czech Republic, and Zurich, Switzerland, to expand its air traffic, South Ko...
Apr 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korean firms' digital transformation more than a step behind Western: Report
A research report has shown that the level of digital transformation among South Korean companies is lagging behind that of European and American co...
Mar 31, 2023 (Gmt+09:00)
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Advertising & Marketing
S.Korea's Innocean wins awards in 5 categories at AD Awards of the Year
Innocean, a global provider of marketing and communication services under the Hyundai Motor Group, announced on Wednesday that it had achieved the m...
Mar 29, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao will launch Korean-specific vertical AI in year's first half
Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, by the first half of the year will launch an...
Mar 29, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 boasts 336-mile target range in digital world premiere
Kia Corp.’s second all-electric sport utility vehicle EV9 made its global premiere virtually on Tuesday, boasting a target driving range of 54...
Mar 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao's tender offer for SM Ent. twice oversubscribed
South Korea’s Kakao Corp. has secured 40% of SM Entertainment Co. as planned, wrapping up its 1.25-trillion-won ($960 million) takeover bid fo...
Mar 27, 2023 (Gmt+09:00)
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Batteries
LG Energy to build $5.6 billion battery complex in Arizona
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...
Mar 24, 2023 (Gmt+09:00)
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Electric vehicles
EV fast-charging company Crocus succeeds in $5 mn Series B funding
Crocus Inc., a South Korean startup focused on energy infrastructure and leveraging artificial intelligence (AI), announced on Wednesday that it rai...
Mar 23, 2023 (Gmt+09:00)
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ESG
Samsung Electronics gets highest-level certification from AWS
South Korea's electronics giant Samsung Electronics Co. has achieved the highest level of "Platinum" certification from the Alliance for Water Stewa...
Mar 22, 2023 (Gmt+09:00)
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Energy
Korea Western Power lands nation's first solar power order in Oman
Korea Western Power Co. (KOWEPO) has won its country's first project in solar power generation in Oman.The company on Tuesday announced its successf...
Mar 22, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung's foundry sales nearly match DRAM revenue
Contract chipmaking sales at Samsung Electronics Co. nearly matched its DRAM chip revenue in the final quarter of last year, narrowing their sales g...
Mar 20, 2023 (Gmt+09:00)