XBB.1.5 variant
Scope
Date
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Batteries
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Apr 04, 2024 (Gmt+09:00)
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Fiber & Textile
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Apr 03, 2024 (Gmt+09:00)
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Korean startups
Breezm lands in US with plan to open 100 stores in 5 years
Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...
Apr 02, 2024 (Gmt+09:00)
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Insurance
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Apr 01, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo to build plant for producing trucks in Saudi Arabia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia.Tata Daewoo signed a ...
Apr 01, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test
Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...
Apr 01, 2024 (Gmt+09:00)
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Electronics
Samsung returns to top, to up ante against troubled Apple
Samsung Electronics Co. snatched the crown from its archrival Apple Inc. as the top global smartphone seller last month thanks to brisk sales of its...
Mar 31, 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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AgTech
Avalve to export $1.5 mn smart farm solution to Vietnam
South Korea's smart farm startup Avalve announced on Friday that it signed a total of $1.5 million in memorandums of understanding (MOUs) with Vietn...
Mar 29, 2024 (Gmt+09:00)
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Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
Mar 28, 2024 (Gmt+09:00)
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Corporate strategy
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
Mar 27, 2024 (Gmt+09:00)
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Korean games
Netmarble Arthdal Chronicles pre-registration surpasses 1 mn
South Korean game developer Netmarble Corp. said on Tuesday that the pre-registration of its upcoming massively multiplayer online role-playing ga...
Mar 26, 2024 (Gmt+09:00)
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Upcoming IPOs
Korea’s IPO market heats up with HD Hyundai Marine, K Bank
South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 mi...
Mar 25, 2024 (Gmt+09:00)
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Construction
Ssangyong E&C wins deals for two Dubai luxury residences
Ssangyong Engineering & Construction Co. announced on Monday that it secured two luxury residence construction projects in Dubai, United Arab Em...
Mar 25, 2024 (Gmt+09:00)
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Korean startups
SM Entertainment founder invests $5.2 million in Mindlogic
K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...
Mar 25, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to nearly double ultra-fast EV chargers by 2024
Hyundai Motor Group is set to increase its ultra-fast electric vehicle chargers across South Korea from current 286 to 500 by next year, the auto gi...
Mar 24, 2024 (Gmt+09:00)
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Energy
KOWEPO, France EDF to collaborate for UAE solar projects
Korea Western Power Co. (KOWEPO) announced on Friday that it has signed a United Arab Emirates (UAE) Khazna 1.5 GW Solar Project Bid Joint Developme...
Mar 22, 2024 (Gmt+09:00)
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Debt financing
MBK secures $1 bn refinancing on Homeplus from Meritz
MBK Partners, the North Asia-focused private equity firm, has refinanced all of its 1.3 trillion won ($1 billion) loans on Homeplus with a new one f...
Mar 22, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to supply $752 million in Mach-1 AI chips to Naver, replace Nvidia
Samsung Electronics Co., the world’s top memory chipmaker, will supply its next-generation Mach-1 artificial intelligence chips to Naver Corp....
Mar 22, 2024 (Gmt+09:00)
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Airlines
S.Korea, Kazakhstan agree to expand air transport rights
South Korea and Kazakhstan have agreed to expand air transport rights during the South Korea and Kazakhstan aviation talks held in Almaty, Kazakhsta...
Mar 22, 2024 (Gmt+09:00)
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Korean food
Korea’s ramen exports on course to reach $1 bn in 2024
South Korea’s instant ramen noodle exports soared to a record monthly high in February, data showed, on course to hit the $1 billion mark in 2...
Mar 21, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to unveil Mach-1 AI chip to upend SK Hynix’s HBM leadership
Samsung Electronics Co., the world’s top memory chipmaker, is developing a next-generation artificial intelligence chip, Mach-1, with which th...
Mar 20, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung rallies on expectations of Nvidia’s HBM order
SAN JOSE, Calif. – Samsung Electronics Co.'s stock zoomed on Wednesday after the world’s most famous AI chip provider Nvidia Corp. hinte...
Mar 20, 2024 (Gmt+09:00)
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Economy
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
Mar 18, 2024 (Gmt+09:00)
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Banking & Finance
BNK Capital raises $41.5 mn in foreign currency
South Korea’s BNK Capital announced on Monday that it raised $41.5 million in foreign currency funds from overseas state-owned banks.This is...
Mar 18, 2024 (Gmt+09:00)
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Regulations
Samsung faces dubious suit every 5 days from US patent trolls
South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the ...
Mar 18, 2024 (Gmt+09:00)
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Retail
Hyundai Dept. Store virtual idol pop-ups attract 100,000
South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted ove...
Mar 18, 2024 (Gmt+09:00)
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Batteries
SK On in talks with Nissan to supply batteries in US
South Korean rechargeable battery maker SK On Co. is in talks with Nissan Motor Co. to jointly produce battery cells for the Japanese carmaker in th...
Mar 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia to recall 170,000 EVs
Around 170,000 units of electric vehicles (EVs) from Hyundai Motor Co. and Kia Corp. are voluntarily recalled, the largest recall in the domestic EV...
Mar 14, 2024 (Gmt+09:00)
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Corporate governance
KT&G’s No. 1 shareholder IBK vetoes naming Bang as CEO
South Korea’s KT&G Corp., the world’s leading tobacco maker, is facing challenges in its chief executive appointment as the firm&rsq...
Mar 13, 2024 (Gmt+09:00)