Source.ag
Scope
Date
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Tech, Media & Telecom
LG ends XR partnership with Meta; Amazon emerges as new partner
South Korean tech giant LG Electronics Inc. has ended its extended reality (XR) partnership with Meta Platforms Inc. three months after they agreed ...
2 HOURS AGO
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Business & Politics
Biden exempts graphite from EV mineral sourcing rule in win for Korea
WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...
May 05, 2024 (Gmt+09:00)
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Corporate bonds
Brokerage firms' bonds draw investors amid rate cut hopes
South Korean brokerage firms are ramping up sales of long-term bonds to refinance their loans by repaying short-term debts in hopes of a rate cut by...
Apr 16, 2024 (Gmt+09:00)
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Artificial intelligence
Kakao joins open-source community AI Alliance
Kakao Corp. announced on Friday that it joined the global open-source community The AI Alliance to support AI research and development.Established i...
Apr 12, 2024 (Gmt+09:00)
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ECM/DCM
LG Electronics seeks to sell global bonds, 1st time in 12 yrs
LG Electronics Inc. is seeking to issue dollar-denominated bonds, its first global bond sale in 12 years, according to people with knowledge of the ...
Apr 08, 2024 (Gmt+09:00)
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Airlines
Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit
South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...
Apr 05, 2024 (Gmt+09:00)
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Bio & Pharma
KKR, Hanmi heirs likely to join hands for controlling stake
The two sons of Hanmi Pharmaceutical Group’s founding family, who were approved as board members of the holding firm Hanmi Science Co. at its ...
Apr 02, 2024 (Gmt+09:00)
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Travel & Leisure
Kangwon Land aims to revive casino business with $1.9 billion in spending
Kangwon Land Inc., the operator of South Korea’s only casino open to locals, has long been struggling with declining visitors.Located in a rem...
Mar 29, 2024 (Gmt+09:00)
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Artificial intelligence
Wrtn opens free AI search service
South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...
Mar 26, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs Korea co-head Chung to move to Hyundai Capital
Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea...
Mar 11, 2024 (Gmt+09:00)
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Airlines
Race for Asiana's cargo unit heats up among local bidders
The proposed merger of South Korea’s two largest carriers, Korean Air Lines Co. and Asiana Airlines Inc., is intensifying competition among lo...
Feb 28, 2024 (Gmt+09:00)
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Batteries
LG Energy expedites LFP battery supply chain expansion
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...
Feb 22, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea unveils next-gen howitzer plans for defense exports
South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...
Jan 26, 2024 (Gmt+09:00)
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Artificial intelligence
Kakao’s multimodal LLM Honeybee: Korea’s answer to Gemini, GPT-4
Kakao Corp., South Korea’s top mobile platform operator, said on Friday it has developed a multimodal large language model (MLLM) with the lat...
Jan 19, 2024 (Gmt+09:00)
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Steel
POSCO chair, board under investigation ahead of new CEO selection
Police in Seoul have launched a probe into South Korea’s POSCO Holdings Inc. Chairman and Chief Executive Choi Jeong-woo and the company's boa...
Jan 12, 2024 (Gmt+09:00)
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Earnings
Samsung’s narrowed Q4 chip losses fuel bullish 2024 outlook
Samsung Electronics Co., the world’s largest maker of memory chips, smartphones and TVs, said on Tuesday its chip business losses significantl...
Jan 09, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung eyes $8.8 billion 2024 chip profit: sources
Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...
Jan 02, 2024 (Gmt+09:00)
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Private equity
China's CICC enters S.Korea with its private equity fund
BEIJING – CICC Capital, a unit of China International Capital Corp. (CICC), has entered the South Korean market with the launch of a private e...
Dec 13, 2023 (Gmt+09:00)
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Private equity
Hillhouse to up investment in S.Korea with new hires
Hillhouse Investment Management Ltd., one of the largest private equity firms in Asia, is set to create an investment team dedicated to the South Ko...
Nov 02, 2023 (Gmt+09:00)
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Korean chipmakers
DRAM contract prices rebound after 27 months on rising demand
DRAM contract prices rebounded for the first time in more than two years last month amid the recovery in the consumer electronics market.The price g...
Nov 01, 2023 (Gmt+09:00)
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Investment banking
Korea Investment, Carlyle Group sign strategic partnership
Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...
Oct 27, 2023 (Gmt+09:00)
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IPOs
Tesla supplier L&F's precursor unit begins IPO process
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., has embarked on a process to list its subsidiary in the local...
Oct 18, 2023 (Gmt+09:00)
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Real estate
Mirae Asset puts HI Investment headquarters on the market
South Korea’s Mirae Asset Global Investments Co. is seeking to sell off HI Investment & Securities Co. headquarters, the value of which is...
Oct 12, 2023 (Gmt+09:00)
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Real estate
Mirae Asset Securities puts its Yeouido building on the market
Mirae Asset Securities Co. is seeking to sell off its Seoul-based office building, the value of which is estimated at around 300 billion won ($223.7...
Oct 11, 2023 (Gmt+09:00)
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Entertainment
CJ ENM launches AI sound source service
South Korean entertainment giant CJ ENM Co. introduced "Viodio: CJ ENM Air," an AI sound source service that makes it easy to utilize AI-generated m...
Oct 10, 2023 (Gmt+09:00)
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Bio & Pharma
Proxy adviser ISS backs drug giant Celltrion's merger plan
South Korean drug giant Celltrion Group has received a positive recommendation from Institutional Shareholder Services (ISS), a global leading proxy...
Oct 06, 2023 (Gmt+09:00)
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Electronics
Samsung to launch cloud gaming service for Galaxy users
Samsung Electronics Co., the world’s top smartphone maker, is set to unveil a cloud gaming service for mobile devices as it seeks new profit s...
Oct 02, 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)
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Tech, Media & Telecom
Korean B2B cloud computing firm BusinessOn up for sale
BusinessOn Communication Co., a leading cloud computing firm listed on the junior bourse Kosdaq, is open to a sale of its controlling stake for arou...
Sep 19, 2023 (Gmt+09:00)
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Retail
Synthetic diamonds with ESG value lure Korean shoppers
Lab-grown diamonds, cultured in laboratories wth advanced technologies, are garnering attention from South Korean consumers as they are produced mor...
Sep 11, 2023 (Gmt+09:00)