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Real estateNPS-backed new prime office building in Seoul struggles with poor demand
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a ...
Jul 05, 2024 (Gmt+09:00)
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Corporate restructuringAffinity-backed SSG.COM offers 1st voluntary redundancies
Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to...
Jul 05, 2024 (Gmt+09:00)
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PetrochemicalsLotte to halve basic chemicals in portfolio for profitability
South Korea’s No. 2 petrochemicals manufacturer Lotte Chemical Corp. is set to more than halve its basic chemicals busines...
Jul 05, 2024 (Gmt+09:00)
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Asset managementYoung rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passive...
Jul 05, 2024 (Gmt+09:00)
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EarningsLG Elec logs record Q2 earnings on home appliances, car parts
South Korean tech giant LG Electronics Inc. is expected to log its record second-quarter revenue and operating profit thanks to ro...
Jul 05, 2024 (Gmt+09:00)
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EarningsSamsung’s Q2 profit soars on AI chips; second-half outlook rosy
South Korean tech giant Samsung Electronics Co. on Friday flagged a more than 15-fold increase in its second-quarter operating p...
Jul 05, 2024 (Gmt+09:00)
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Fiber & TextileSK Geo Centric produces sustainable synthetic fiber
South Korea’s SK Geo Centric Co. will collaborate with global companies in the petrochemical, textile, and apparel sectors...
Jul 05, 2024 (Gmt+09:00)
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Beauty & CosmeticsS.Korea's Vegan J. enters Amazon USA
South Korean eco-friendly cosmetic brand Vegan J. announced on Friday that it sells its products on Amazon, the largest e-commer...
Jul 05, 2024 (Gmt+09:00)
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MachineryS.Korea promotes export of $3.8 bn railcars to Morocco
The South Korean government is promoting exporting Korean-style railway cars (K-rail), including high-speed trains worth $3.8 bi...
Jul 05, 2024 (Gmt+09:00)
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Korean chipmakersHanmi Semiconductor eyes $1.5 billion sales in 2026
Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, has revised upwards its annual sales...
Jul 05, 2024 (Gmt+09:00)
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BatteriesSamsung SDI to ink $726 mn ESS deal with NextEra Energy
Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, is set to provide batteries for energy storage sys...
Jul 05, 2024 (Gmt+09:00)
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Banking & FinanceMeritz to return 50% of net profit to shareholders
Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan...
Jul 05, 2024 (Gmt+09:00)
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Pension fundsNPS overweight in beauty, food; chases APR, Samwha higher
The National Pension Service (NPS) has raised its bets on South Korean beauty and food companies in the second quarter of this y...
Jul 05, 2024 (Gmt+09:00)
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Korean chipmakersSamsung launches dedicated HBM, advanced chip packaging teams
Samsung Electronics Co., the world’s largest memory chipmaker, has officially launched a team dedicated to developing adva...
Jul 05, 2024 (Gmt+09:00)
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Korean startupsKakao supports startups with cloud services
Kakao Enterprise, an AI-based cloud solutions service subsidiary of South Korea's Kakao Corp., announced on Thursday that it s...
Jul 05, 2024 (Gmt+09:00)
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RetailLotte Mart renewed Hanoi Store as K-food special
South Korea's Lotte Mart said on Thursday it renewed its Hanoi Center store into a grocery specialty outlet, catering to the gro...
Jul 05, 2024 (Gmt+09:00)