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Construction
GS E&C faces heavy loss in Q2 due to apartment reconstruction plan
GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...
Jul 26, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis agree to build 2nd US battery plant
South Korea’s Samsung SDI Co. and the Netherlands-based automaker Stellantis N.V. have signed a memorandum of understanding (MOU) to build the...
Jul 24, 2023 (Gmt+09:00)
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Bio & Pharma
NKMax to supply health functional food to Chinese company
South Korean natural killer cell drug maker NKMax Co. announced in a regulatory filing on Friday that it has signed a supply contract with China's S...
Jul 21, 2023 (Gmt+09:00)
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Airlines
Korean Air resumes flights from Busan to Japan after three-year suspension
Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...
Jul 19, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy in $3.1 bn methanol-powered ship deal with Evergreen
Samsung Heavy Industries Co., a leading South Korean shipbuilder, has won a 3.96 trillion won ($3.13 billion) deal to build 16 methanol-powered cont...
Jul 17, 2023 (Gmt+09:00)
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Chemical Industry
KCC boosts output of semiconductor-sealing material
South Korean chemical and auto parts maker KCC Corp. is expanding its production lines for the semiconductor-sealing material epoxy molding compound...
Jul 13, 2023 (Gmt+09:00)
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Petrochemicals
S.Korea’s petrochemical players boost plastic container recycling
South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...
Jul 12, 2023 (Gmt+09:00)
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Tech, Media & Telecom
NHN Cloud to boost mobile games operations in Japan
South Korea's NHN Cloud on Friday said that at this year's Game Tools & Middleware Forum (GTMF) in Japan, it gave a presentation on security bre...
Jul 07, 2023 (Gmt+09:00)
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Fashion
S.Korea’s best-selling premium fashion brand Time to go global
Handsome Corp., a fashion house of South Korea’s major retailer Hyundai Department Store Group, will launch The Time, an upmarket collection...
Jul 05, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience, Thai’s GPO to jointly boost vaccine infrastructure
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, announced on Wednesday that it has signed a memorandum of understanding (MO...
Jul 05, 2023 (Gmt+09:00)
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Steel
POSCO to spend $92 bn by 2030 to boost eco-friendly business
POSCO is a symbol of South Korea’s economic modernization. Five decades ago, it emerged from the nation's agriculture-based economy as one of ...
Jul 03, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea's military aircraft exports to NATO get major boost
South Korea has concluded a deal with the North Atlantic Treaty Organization (NATO) on mutual recognition of certification of military aircraft airw...
Jun 23, 2023 (Gmt+09:00)
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Korean chipmakers
Intel’s foundry revamp sets off alarm bells for Samsung, TSMC
Intel Corp.’s announcement to restructure its manufacturing business to become a leading foundry player is setting the stage for a bigger show...
Jun 22, 2023 (Gmt+09:00)
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Energy
Korea's Doosan Enerbility sells Bobcat stake in $214 mn block deal
South Korea’s major power plant builder Doosan Enerbility Co. has sold a minority stake in Doosan Bobcat Inc., its construction equipment unit...
Jun 21, 2023 (Gmt+09:00)
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Corporate strategy
Samsung Electronics holds biannual global strategy meeting
Samsung Electronics Co. on Tuesday launched its three-day global strategy meeting, a biannual event held in June and December where major executives...
Jun 21, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix wins Europe certification for automotive chips
SK Hynix Inc., the world's second-largest memory chipmaker, said on Tuesday it has earned international certification for its automotive memory chip...
Jun 20, 2023 (Gmt+09:00)
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Bio & Pharma
Syntekabio expands to US with local CRO
South Korean artificial intelligence (AI) drugmaker Syntekabio Inc. has partnered up with a US clinical research organization (CRO) to enter the wor...
Jun 20, 2023 (Gmt+09:00)
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Entertainment
K-content makers to list on Nasdaq via $610 mn SPAC deal
Seven South Korean content makers are set to list on the Nasdaq through a $610 million merger deal with a special purpose acquisition company (SPAC)...
Jun 16, 2023 (Gmt+09:00)
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Bio & Pharma
SK Biopharm’s Cenobamate gets nod in Canada, to boost US sales
South Korea’s SK Biopharmaceuticals Co. has obtained the sales approval for its antiepileptic treatment Cenobamate in Canada, paving the way f...
Jun 15, 2023 (Gmt+09:00)
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Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...
Jun 13, 2023 (Gmt+09:00)
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Corporate strategy
LG Group to launch global strategy center in July
LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.Industry sources on Sunda...
Jun 12, 2023 (Gmt+09:00)
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Insurance
KB Financial, Sompo Japan team up for boosting nursing care services
South Korea's KB Financial Group and Japan's Sompo Holdings announced on Friday a memorandum of understanding (MOU) to collaborate on nursing care s...
Jun 09, 2023 (Gmt+09:00)
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Food & Beverage
S.Korean gov’t to showcase domestic fresh eggs in Hong Kong
South Korean Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT) announced on Friday that it ...
Jun 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis exceeds $770 bn in R&D investment in 2023
South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...
Jun 09, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix steps up chip stacking war with 238-layer 4D NAND
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has begun mass production of the industry’s hi...
Jun 08, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea's Jeju Dream Tower Casino exceeds $7.6 mn in net monthly sales
Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., broke the 10 billion won ($7.6 m...
Jun 08, 2023 (Gmt+09:00)
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Energy
Challenges, opportunities for Asia’s energy transition: GIG
Global investors injected more than $1 trillion into energy transition for the first time last year. South Korea poured in some $19 billion, becomin...
Jun 07, 2023 (Gmt+09:00)
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Artificial intelligence
KT, Naver chosen as suppliers of S.Korea’s hyperscale AI project
South Korean Ministry of Science and ICT and the National Information Society Agency (NIA) have enlisted four tech enterprises — KT Corp., Nav...
Jun 05, 2023 (Gmt+09:00)
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Automobiles
Korean carmakers' May sales grow for 9th straight month
South Korean carmakers marked sales growth for nine consecutive months as of end-May with the easing of the global semiconductor shortage and rising...
Jun 02, 2023 (Gmt+09:00)
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Artificial intelligence
South Korea’s Hyundai Elevator applies AI to boost customer convenience
"Miri is a leading example of digital transformation in the elevator sector that raises a notch service speed and customer convenience. Let’s ...
Jun 02, 2023 (Gmt+09:00)
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