economic activities
Scope
Date
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Tech, Media & Telecom
Naver aims to attract 1 bn users via active M&As by 2027
Naver Corp. vows to attract 1 billion users around the world and generate 15 trillion won ($12.2 billion) in five years. Only FAANG companies...
Apr 13, 2022 (Gmt+09:00)
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Corporate restructuring
Dongwon Industries becomes new holding firm of seafood conglomerate
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...
Apr 08, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research opens first overseas base in Michigan
South Korean LG Corp.'s artificial intelligence research institute set up its first overseas base in Michigan to expand its global AI research ...
Mar 23, 2022 (Gmt+09:00)
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Corporate strategy
Samsung looks to metaverse, robots for future growth
South Korea's Samsung Electronics Co. is eyeing the metaverse and robotics as keys to the global tech giant’s future. At the same time, it is ...
Mar 16, 2022 (Gmt+09:00)
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Pension funds
GEPS posts 19.4% return from alternative investment in 2021
Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...
Mar 16, 2022 (Gmt+09:00)
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Business & Politics
President-elect pledges to build S.Korea as 'pivotal' global power
President-elect Yoon Suk-yeol pledges to build South Korea into what he dubs a global 'pivotal' power that contributes to freedom, peace, and prospe...
Mar 10, 2022 (Gmt+09:00)
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Batteries
POSCO Chem, GM to build $400 mn battery material plant in Canada
South Korea’s POSCO Chemical Co. and US top automaker General Motors Co. decided to build a battery material plant in Canada.POSCO Chemical an...
Mar 08, 2022 (Gmt+09:00)
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Economy
Korea GNI per capita at record on strong economic growth
South Korea’s gross national income (GNI) per capita hit a record high last year on strong economic growth, as well as the firm won currency a...
Mar 03, 2022 (Gmt+09:00)
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War in Ukraine
Korea swings to trade surplus in Feb; Russia risks loom
South Korea logged a trade surplus in February on strong exports after deficits in the previous two months, the recovery remained fragile, given Rus...
Mar 02, 2022 (Gmt+09:00)
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ETFs
The Korea Economic Daily's index set for ETF market debut
Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...
Feb 04, 2022 (Gmt+09:00)
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Economy
S. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...
Jan 25, 2022 (Gmt+09:00)
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Economy
S. Korean economy grows 4% in 2021
. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...
Jan 25, 2022 (Gmt+09:00)
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Entertainment
Squid Game’s mega-hit spurs Netflix to release record K-content
Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...
Jan 19, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy to showcase autonomous ship at CES 2022
Hyundai Heavy Industries Group, the world’s largest shipbuilder, is set to showcase its latest and next-generation mobility technology related...
Dec 21, 2021 (Gmt+09:00)
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ESG
3D tech firm Koh Young wins highest ESG rating two years running
Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...
Dec 21, 2021 (Gmt+09:00)
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Business & Politics
KAIST to establish New York campus by 2025
Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...
Dec 13, 2021 (Gmt+09:00)
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Economy
Korea 2021 GNI per capita to top $35,000 to record high
South Korea’s gross national income (GNI) per capita is expected to surpass $35,000 to a record high this year on strong economic growth, surg...
Dec 06, 2021 (Gmt+09:00)
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Venture capital
Mirae Asset joins $260 mn funding for food delivery startup Jokr
Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...
Dec 03, 2021 (Gmt+09:00)
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Entertainment
BTS may have to serve in South Korean army
It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...
Nov 26, 2021 (Gmt+09:00)
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Supply chain
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Nov 14, 2021 (Gmt+09:00)
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Energy
POSCO International, Petronas sign PSC for Malaysian gas development
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...
Nov 02, 2021 (Gmt+09:00)
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Steel
SeAH set for record earnings on steel supercycle, offshore wind projects
SeAH Group, a South Korean mid-size special steel conglomerate, is set to post record earnings this year on the back of the global steel supercycle ...
Oct 31, 2021 (Gmt+09:00)
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Economy
Slower Korean economic growth puts 4% target at risk
South Korea’s economy expanded slower than expected in the third quarter on sluggish private consumption and capital expenditures offset healt...
Oct 26, 2021 (Gmt+09:00)
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Entertainment
Netflix brings $4.7 bn economic impact to Korean industries: Deloitte
Netflix Inc. has contributed to a socio-economic impact worth 5.6 trillion won ($4.7 billion) across various South Korean industries through the joi...
Sep 29, 2021 (Gmt+09:00)
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Korean chipmakers
Batteries, chips strengthen US-Korea economic ties
Battery and chip industries are reinforcing economic cooperation between the United States and South Korea, expanding their ties focused on security...
Sep 27, 2021 (Gmt+09:00)
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Food & Beverage
Dongwon aims to rise from canned tuna maker to F&B giant
For many South Koreans, particularly among the older generation, Dongwon is the name of the company that makes canned tunas, for which the food make...
Sep 16, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea fines Google $180 mn for operating system market abuse
South Korea's Fair Trade Commission (FTC) on Tuesday imposed a fine of 207.4 billion won ($180 million) on Google, alongside a correction order, aft...
Sep 14, 2021 (Gmt+09:00)
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S.Korea's potential growth rate drops to record low
The COVID-19 pandemic has dampened South Korea's growth potential between this year and the next by 0.2 percentage points to its historic low of 2.0...
Sep 14, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Antitrust body takes aim at Kakao's taxi-hailing app, Coupang
South Korea's antitrust body has launched an investigation into Kakao Mobility Corp. on allegations of discrimination against taxi drivers not subsc...
Sep 12, 2021 (Gmt+09:00)
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Energy
SK E&S acquires US energy firm KCE, to invest $600 mn for expansion
SK E&S Co., the natural gas business unit of SK Group, has acquired Key Capture Energy LLC (KCE), a US operator of energy storage projects, as t...
Sep 09, 2021 (Gmt+09:00)
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