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Business & Politics
Korean mining company to file around $747 mn claim against Panama
A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747.1 million) against t...
Jan 25, 2024 (Gmt+09:00)
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Food & Beverage
Lotte gets exclusive right of Bacha Coffee in S.Korea
South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...
Jan 25, 2024 (Gmt+09:00)
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Earnings
Kia posts record 2023 sales, profit with bold 2024 business targets
Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...
Jan 25, 2024 (Gmt+09:00)
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Retail
Lotte World Tower sees record-high visitors in 2023
Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...
Jan 25, 2024 (Gmt+09:00)
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Food & Beverage
Tim Hortons to open two more stores in Seoul in January
Canadian coffee brand Tim Hortons is opening two more stores in Seoul this month.Tim Hortons announced on Wednesday that it will open its Sungnyemun...
Jan 24, 2024 (Gmt+09:00)
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Electronics
Samsung opens premium experience store in Mumbai
Samsung Electronics Co. announced on Tuesday that it opened a flagship premium experience store Samsung BKC in Mumbai, India. Samsung BKC, spread ac...
Jan 24, 2024 (Gmt+09:00)
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Food & Beverage
Lotte Wellfood enters Costco stores in Canada, Mexico
South Korea's Lotte Wellfood Co. announced on Tuesday that it is expanding exports to Mexico and Canada through Costco. It marks the first entry o...
Jan 23, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean secures first order of year for ammonia carriers
South Korea's Hanwha Ocean Co., the world's third-largest shipbuilder, announced on Monday that it has secured a contract for two very large ammonia...
Jan 23, 2024 (Gmt+09:00)
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Retail
Lotte Duty Free holds grand reopening ceremony at Changi Airport
Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...
Jan 21, 2024 (Gmt+09:00)
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ESG bonds
Woori Bank issues $700 mn in ESG bonds
South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (environmental, socia...
Jan 19, 2024 (Gmt+09:00)
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Entertainment
Innocean, HYBE launch Seventeen project in Bangkok
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has launched a K-pop boy g...
Jan 17, 2024 (Gmt+09:00)
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Banking & Finance
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...
Jan 16, 2024 (Gmt+09:00)
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Business & Politics
Former Hyundai Mobis CEO embarks on ISO president term
In a significant achievement for South Korea, Cho Sung-hwan, an advisor to Hyundai Mobis, has been elected as the first Korean president of the Inte...
Jan 15, 2024 (Gmt+09:00)
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Batteries
LG Elec opens its first overseas EV charger plant in Texas
South Korea’s LG Electronics Inc. has opened its first overseas EV charger factory in Fort Worth, Texas. The move comes as the global home app...
Jan 14, 2024 (Gmt+09:00)
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Korean food
Yonsei Cream Milk Bread to be launched in Taiwan
Yonsei Milk, a non-profit social contribution company of South Korea's Yonsei University, announced on Friday that it will export its mega-hit des...
Jan 12, 2024 (Gmt+09:00)
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Travel & Leisure
Seoul kicks off Korea Grand Sale 2024 to double foreign tourists
South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...
Jan 11, 2024 (Gmt+09:00)
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Construction
Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti
South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million deal to build a 12-meg...
Jan 09, 2024 (Gmt+09:00)
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Mergers & Acquisitions
H&Q, Aeneas PE put online retailer 11Street on the market
H&Q Korea Partners and Hong Kong-based Aeneas Private Equity have put South Korea’s e-commerce platform 11Street Co. up for sale to recoup...
Jan 08, 2024 (Gmt+09:00)
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Korean food
Fried chicken chain bhc enhances localized menus in SE Asia
South Korean fried chicken chain bhc Chicken on Monday announced the opening of its third outlet in Singapore.bhc operates 10 stores in Southeast As...
Jan 08, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE wins $230 mn order for two VLGCs
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Friday said it has secured its first order this year for two very la...
Jan 05, 2024 (Gmt+09:00)
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Food & Beverage
Kyochon opens third store in Taiwan
South Korea's fried chicken chain Kyochon F&B announced on Thursday that it opened its third Kyochon Chicken store in Taiwan at the end of last ...
Jan 04, 2024 (Gmt+09:00)
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Airlines
Virtual humans debut on Korean Air’s in-flight video
Korean Air Lines Co. released on Thursday a new in-flight safety video featuring a virtual human dressed as a flight attendant. This is the first ti...
Jan 04, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Display to premiere 480Hz gaming OLED at CES 2024
LG Display Co., the world’s leading organic light-emitting display (OLED) maker in South Korea, will showcase its premium OLED gaming panel se...
Jan 04, 2024 (Gmt+09:00)
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Pension funds
Korea’s NPS sees record assets, profit on double-digit return
South Korea’s National Pension Service (NPS) enjoyed record assets and profit in 2023 as the world’s third-largest pension fund reported...
Jan 02, 2024 (Gmt+09:00)
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K-pop
Psy’s ‘Gangnam Style’ surpasses 5 billion views on Youtube
The music video for singer Psy's global hit "Gangnam Style" has surpassed 5 billion views on YouTube.According to YouTube on Saturday, the music vid...
Dec 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis' auto parts sweep safety, technology awards
South Korean auto parts maker Hyundai Mobis Co. said Thursday that 10 of its new technologies received or or are finalists for awards from external ...
Dec 28, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Card Kazakhstan arm attracts $24 mn investment
Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a 31 billion won ($24 million) investment from local car de...
Dec 28, 2023 (Gmt+09:00)
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Real estate
ESR KendallSquare REIT leads Korean logistics sector
ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....
Dec 25, 2023 (Gmt+09:00)
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Electronics
LG's SC9S named 2nd best premium soundbar: Consumer Reports
South Korea’s LG Electronics Inc. is highly recognized for its TV sound systems in the US, the world’s largest home appliance market. Ea...
Dec 25, 2023 (Gmt+09:00)
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Retail
Korea’s E-Mart24 to debut in Cambodia, aims for 100 stores by 2028
E-Mart24 Inc., one of South Korea’s leading convenience store chains, will make a foray into Cambodia to gain ground in one of Southeast Asia&...
Dec 22, 2023 (Gmt+09:00)