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Shareholder activismKorean activist fund mired in controversy over SM stock deals
A South Korean private equity firm leading shareholder activism against SM Entertainment Co. is mired in controversy as it has s...
May 02, 2023 (Gmt+09:00)
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Artificial intelligenceSpooked by data leak, Samsung bans use of ChatGPT, other AI tools
Alarmed by a recent accidental data leak, Samsung Electronics Co. has banned one of its biggest business divisions from using Ch...
May 02, 2023 (Gmt+09:00)
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EarningsHYBE logs record-high Q1 profit despite BTS break
South Korea’s HYBE Co. behind global sensation BTS on Tuesday reported a 41.5% surge in first-quarter profit, driven by BT...
May 02, 2023 (Gmt+09:00)
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RoboticsKT launches two new AI serving robots
South Korea's KT Corp., said on Tuesday that it has unveiled two new AI service robots with upgraded features for enhanced dri...
May 02, 2023 (Gmt+09:00)
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EnergyLS Cable completes undersea HVDC cable plant
South Korea’s major cable manufacturer LS Cable & System Ltd. has completed the construction of Asia's largest high-...
May 02, 2023 (Gmt+09:00)
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Korean foodCJ CheilJedang launches Cuisine.K project
South Korea's largest food company CJ CheilJedang Corp., announced on Tuesday the launch of "Cuisine.K," a project aimed at disc...
May 02, 2023 (Gmt+09:00)
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Banking & FinanceMeritz emerges fast to take on South Korea’s big financial companies
Back in the early 2000s, Meritz was an obscure, lesser-known insurance-related company in South Korea’s financial arena.Pa...
May 02, 2023 (Gmt+09:00)
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Korean gamesSimple, retro: Korean game sector’s new target for growth
Once-popular games for feature phones in the 2000s are seeing a revival in South Korea on the growing demand for simple and easy...
May 02, 2023 (Gmt+09:00)
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EnergySK E&S to supply renewable electricity to BASF
South Korea’s SK E&S Co. will supply electricity generated from renewable energy to global chemical company BASF. SK ...
May 02, 2023 (Gmt+09:00)
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Shipping & ShipbuildingSamsung Heavy Industries develops next-generation FLNG
South Korean shipbuilder Samsung Heavy Industries has developed a new model for its floating liquefied natural gas (FLNG) produc...
May 02, 2023 (Gmt+09:00)
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BatteriesPOSCO to spend $900 mn to expand lithium, cathode output in Korea
South Korea’s steel giant POSCO Group is expected to spend 1.2 trillion won ($900 million) in total to add cathode manufac...
May 02, 2023 (Gmt+09:00)
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Aerospace & DefenseLIG Nex1 unveils AESA radar for FA-50 light fighter
A South Korean aerospace manufacturer and defense company has unveiled a prototype of an active electronically scanned array (AE...
May 02, 2023 (Gmt+09:00)
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Corporate bondsKorean retail investors net buy bonds at record $3.2 bn in April
South Korean individual investors flocked to the bond market with net purchases of 4.25 trillion won ($3.2 billion) in April, th...
May 02, 2023 (Gmt+09:00)
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AutomobilesRenault Korea Motors shuts down Busan plant for 10 days
Renault Korea this month will stop operating its Busan plant for about 10 days in a desperate bid to reduce inventory, which has...
May 02, 2023 (Gmt+09:00)
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RetailChinese shoppers slash online purchases of Korean goods
Chinese shoppers have slashed online purchases of South Korean goods since the outbreak of the COVID-19 pandemic, tightening the...
May 02, 2023 (Gmt+09:00)
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Korean startupsAsleep forms partnership with National Sleep Foundation of US
South Korea's sleep technology startup Asleep, which was part of an economic delegation accompanying President Yoon Suk Yeol's r...
May 02, 2023 (Gmt+09:00)
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AutomobilesKia to take pre-orders for electric SUV EV9
Kia Corp. announced on Wednesday that it will begin taking pre-orders for the "Kia EV9." The EV9 is Kia's second dedicated elect...
May 02, 2023 (Gmt+09:00)
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BatteriesSKIET to supply battery separators to major client in China
South Korea’s battery separator maker SK IE Technology Co. (SKIET) will supply separators to a major electric vehicle (EV)...
May 02, 2023 (Gmt+09:00)