Second Country Cross Worlds
Scope
Date
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Business & Politics
South Korea attracts more African countries to food project
South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...
Oct 20, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong Pharma's GER drug gets product OK from Mexico
South Korea’s Daewoong Pharmaceutical on Wednesday said its gastroesophageal reflux (GER) disease drug Fexuclue (active ingredient fexuprazan ...
Oct 19, 2023 (Gmt+09:00)
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Steel
POSCO Group chief: steel desperately needs corporate solidarity
South Korea’s POSCO Group on Tuesday said its Chairman Choi Jeong-woo presided over the regular meeting of the World Steel Association on Su...
Oct 18, 2023 (Gmt+09:00)
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Corporate strategy
Lotte leads corporate push to raise Korea’s dismal birthrate
South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials....
Oct 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE builds world’s first mid-size ammonia-fueled vessel
South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE), an affiliate of HD Hyundai Group, is building the world's first mid-siz...
Oct 16, 2023 (Gmt+09:00)
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Food & Beverage
KFC Korea to start franchise business for faster growth
Fast food chain KFC said on Friday it will begin franchise store operations in South Korea next year, when the company will mark 40 years of busines...
Oct 13, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem, GS Caltex form eco-friendly materials alliance
LG Chem Ltd. and GS Caltex Corp. are accelerating their efforts in the eco-friendly bio-material business involving 3-hydroxypropionic acid (3HP). 3...
Oct 13, 2023 (Gmt+09:00)
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Automobiles
Kia holds first Global Distributors Convention in 5 years
South Korea's Kia Corp. held a global distributors convention for the first time in five years, sharing medium to long-term business strategies, inc...
Oct 13, 2023 (Gmt+09:00)
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Travel & Leisure
Israel-Hamas war takes toll on S.Korean pilgrims
The war in Israel and Gaza, which has paralyzed some parts of the Middle East, is also set to put a complete stop to South Koreans’ tours of t...
Oct 13, 2023 (Gmt+09:00)
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Cloud computing
Amazon bets big on Korea digital transition with new spending
Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...
Oct 11, 2023 (Gmt+09:00)
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Samsung Group
Samsung beats Apple, Google to earn title as world’s best employer
Samsung Electronics Co. has retained the world’s best employer title this year for the fourth consecutive year, according to US business magaz...
Oct 11, 2023 (Gmt+09:00)
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Earnings
LG Energy Q3 profit at record high on gains from US battery tax credit
LG Energy Solution Ltd., one of the world’s leading battery makers, said on Wednesday its operating profit soared to a record high in the th...
Oct 11, 2023 (Gmt+09:00)
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Robotics
Hyundai Wia showcases autonomous parking robot
South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...
Oct 11, 2023 (Gmt+09:00)
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Corporate strategy
Hanwha Group chair calls for startup-like entrepreneurial spirit
South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...
Oct 10, 2023 (Gmt+09:00)
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Batteries
SK On named to Fortune’s Change the World list
South Korea’s electric vehicle (EV) battery maker SK On is among innovative companies that have changed the world according to Fortune, a le...
Oct 04, 2023 (Gmt+09:00)
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Electronics
Samsung launches ultra-speed portable SSD T9
Samsung Electronics Co. on Wednesday launched its new T-series offering, the portable solid state drive (SSD) T9. The T9 showcases impressive s...
Oct 04, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Pharm gets GMP certification from Japan
Celltrion Pharm Inc. announced on Wednesday that its pre-filled syringe (PFS) production facility in Cheongju, North Chungcheong Province has obtain...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus invests $7.4 mn in S.Korean edu-tech startup
South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...
Sep 27, 2023 (Gmt+09:00)
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Foreign exchange
Fed-triggered taper tantrum takes toll on Korean financial markets
The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...
Sep 26, 2023 (Gmt+09:00)
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Artificial intelligence
SK Tel launches world’s 1st Korean large language model
SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...
Sep 26, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung set to keep supremacy in low power DRAM with game changer
South Korea’s No. 1 memory chip maker Samsung Electronics Co., also the world’s top player, is set to further break away from the pack w...
Sep 26, 2023 (Gmt+09:00)
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Commodities
POSCO, Bartlett to set up grain procurement joint venture
South Korea’s POSCO International Corp. plans to invest in Bartlett and Company’s soybean processing company within the year and set up ...
Sep 26, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion gets sales approval for Yuflyma in Japan
South Korea's biopharmaceutical company Celltrion Inc. announced on Tuesday that it has secured approval from the Japanese Ministry of Health, Labou...
Sep 26, 2023 (Gmt+09:00)
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Regulations
S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers
South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...
Sep 25, 2023 (Gmt+09:00)
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Chemical Industry
SKC plans world’s largest biodegradable plastic plant in Vietnam
South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...
Sep 25, 2023 (Gmt+09:00)
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Energy
Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain
Taihan Cable & Solution Co., a South Korean major cable manufacturer, has won its first-ever order in Bahrain, worth about $60 million, to build...
Sep 22, 2023 (Gmt+09:00)
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Construction
SK Ecoplant to supply AI-based incinerator tech to Malaysia
South Korea's energy, construction and engineering corporation SK Ecoplant on Friday said it signed a contract with Cenviro, Malaysia's largest publ...
Sep 22, 2023 (Gmt+09:00)
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Bio & Pharma
JW Pharma to conduct Phase 3 trials in Thailand for gout treatment
South Korea's JW Pharmaceutical Corp. on Thursday said it received approval from Thailand's Food and Drug Administration to conduct Phase 3 clinical...
Sep 22, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy develops laser high-speed welding robot for LNG vessels
South Korea's Samsung Heavy Industries said on Thursday that it has developed the maritime sector's first laser high-speed welding robot, aimed at s...
Sep 21, 2023 (Gmt+09:00)
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Leadership & Management
KEPCO's new CEO heralds electricity rate hikes, drastic reforms
South Korea’s near-monopoly power company Korea Electric Power Corp. (KEPCO) is expected to raise electricity rates and lessen its outsized re...
Sep 20, 2023 (Gmt+09:00)