risk-based capital
Scope
Date
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Culture & Trends
'Extraordinary Attorney Woo' maker to create webtoon-based K-drama series
KT Skylife Co., a broadcasting unit within South Korean telecom behemoth KT Corp., is slated to boost its investment in intellectual property conten...
Jan 26, 2023 (Gmt+09:00)
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Bio & Pharma
Hancom Carelink invests in bio big data venture 3bigs
South Korea's Hancom Carelink, a digital health care company under Hancom Group, on Wednesday said it bought an unspecified stake in the bio big dat...
Jan 26, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free wins bid to operate Melborune Airport duty-free shop
Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...
Jan 25, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Kolmar Korea to establish new cosmetics production base in Sejong City
South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...
Jan 25, 2023 (Gmt+09:00)
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Korean stock market
S.Korean stock issuance volume declines 24% in 2022
The volume of stock issuance in South Korea declined sharply last year due to the softening stock market. Amid rising interest rates, the amount of ...
Jan 25, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Metaverse-based virtual offices: New breadwinner for LG CNS
LAS VEGAS – While buzzwords such as avatar and the metaverse are on everyone’s lips these days, waking up in the morning and going to a ...
Jan 20, 2023 (Gmt+09:00)
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Corporate investment
Danish wind turbine firm Vestas to invest $300 million in Korea
DAVOS, Switzerland – Danish wind turbine producer Vestas Wind Systems A/S has said it would invest $300 million in South Korea and positively ...
Jan 19, 2023 (Gmt+09:00)
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Shareholder activism
Activist fund nominates director candidates for KT&G
A Singapore-based activist fund has stepped up pressure on the world’s fifth-largest tobacco maker KT&G Corp. to reform governance and boo...
Jan 19, 2023 (Gmt+09:00)
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Banking & Finance
BC Card eyes Central Asian payment market entry this year
South Korea's financial services company BC Card said on Wednesday that it would seek to enter the Central Asian market this year on the back of its...
Jan 18, 2023 (Gmt+09:00)
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Cloud computing
Naver Cloud to partner with Singapore's StarHub
Naver Cloud, the cloud computing arm of Naver Corp., signed a strategic alliance deal with Singapore's telecommunications company StarHub to provide...
Jan 17, 2023 (Gmt+09:00)
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Corporate strategy
S.Korea's SKC Solmics changes name to SK Enpulse
South Korea's SKC Solmics, a wholly owned fine ceramics subsidiary of SKC, on Sunday said it changed its name to SK Enpulse.With 100% investment fro...
Jan 16, 2023 (Gmt+09:00)
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IPOs
Korean grocery delivery platform Oasis set for February IPO
South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...
Jan 13, 2023 (Gmt+09:00)
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Korean startups
Capital-impaired SMEs are allowed to participate in government-led R&Ds
Capital-impaired companies can now receive government R&D support as long as they prove their research capabilities.The Ministry of SMEs and Sta...
Jan 13, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank Launches 3D-based metaverse pilot service
Woori Bank launched a 3D-based metaverse pilot service, the bank said on Friday.The bank will provide two services, one for interaction with small b...
Jan 13, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems opens UAE branch as core base for Mideast exports
South Korea's Hanwha Systems Co. on Thursday opened a branch office in Abu Dubai, the United Arab Emirates in the wake of the company's business gro...
Jan 13, 2023 (Gmt+09:00)
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Korean startups
Major startup event Slush to hold spin-off meeting in Korea
Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...
Jan 12, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Nokia demonstrate Korea's first open RAN base station
SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...
Jan 11, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Chemical conducts product risk assessment first time in Korea
Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...
Jan 10, 2023 (Gmt+09:00)
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Korean startups
Smart transportation solution provider Alt-A enlists pre-Series A funding
Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...
Jan 10, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s 3 nm chip production yield rises sharply
Samsung Electronics Co. has sharply increased its production yield of the industry’s most advanced 3-nanometer chips for fabless clients, acco...
Jan 09, 2023 (Gmt+09:00)
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Food & Beverage
Lotteria launches renewed soybean-based meat burger
Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...
Jan 06, 2023 (Gmt+09:00)
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Cryptocurrencies
WeMade signs partnership with Chinese digital asset exchange
WeMade said on Wednesday that it would sign a non-fungible token (NFT) partnership with Zhongchuanyuezhong Cultural Development Co. which operates a...
Jan 05, 2023 (Gmt+09:00)
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Economy
S.Korean companies expect exports to decline in 1% range this year
South Korea's companies expect both sales and exports this year to decline in the 1% range from last year, predicting economic growth in the low 1% ...
Jan 04, 2023 (Gmt+09:00)
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Private equity
Korean banks must increase total shareholder returns: Align Partners
South Korean private equity firm Align Partners Capital Management Inc. is set to lead shareholder activism against the country’s top financia...
Jan 02, 2023 (Gmt+09:00)
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Blockchain
Digital wallet Klip sees its subscriber number surpass 2 million
Ground X, Kakao Corp.'s blockchain technology subsidiary, said on Monday that the number of cumulative subscribers to its digital asset wallet "Klip...
Jan 02, 2023 (Gmt+09:00)
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Venture capital
Disclosure obligations of venture capital accelerators to be strengthened
The Ministry of SMEs and Startups said on Monday that an amendment to the Venture Capital Investment Promotion Act, which will strengthen the disclo...
Jan 02, 2023 (Gmt+09:00)
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Real estate
Hilton Seoul to close business for redevelopment project
Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...
Dec 30, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Hanwha Techwin showcases smart parking solution
Hanwha Techwin, a South Korean company specializing in video surveillance solutions, said on Thursday that it held a showcase event at its 63 Conven...
Dec 29, 2022 (Gmt+09:00)
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Chemical Industry
Samyang develops polycarbonates made of 90% recycled plastic
Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates co...
Dec 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT launches cloud-based communication platform
South Korea's telecom giant KT Corp. on Tuesday said it launched a communication platform service (CPasS) that integrates and manages communication ...
Dec 28, 2022 (Gmt+09:00)