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Korean innovators at CES 2024Samsung, LG unveils cutting-edge TVs to firm dominance
LAS VEGAS, NV -- Samsung Electronics Co. and LG Electronics Inc., the world’s two largest TV makers by sales, have introdu...
Jan 08, 2024 (Gmt+09:00)
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Artificial intelligenceUpstage's AI beats global peers in benchmark math tests
South Korean artificial intelligence tech startup Upstage said on Monday that its math-specific large language model (LLM), join...
Jan 08, 2024 (Gmt+09:00)
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Culture & TrendsS.Korea needs 35,000 additional foreign workers: study
The South Korean government plans to issue non-professional employment (E-9) visas to 165,000 foreign workers this year. However...
Jan 08, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE wins $240 mn order for two ammonia carriers
HD Hyundai Heavy Industries has secured its second shipbuilding contract of the year. HD Korea Shipbuilding & Offshore Engi...
Jan 08, 2024 (Gmt+09:00)
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InfrastructureIGIS taps managing director Oh Taesuk as infrastructure head
IGIS Asset Management Co., a leading real estate firm in South Korea, said last week it has tapped Oh Taesuk, a real asset exper...
Jan 08, 2024 (Gmt+09:00)
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EarningsLG Electronics posts record 2023 sales, Q4 profit misses forecasts
LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, ...
Jan 08, 2024 (Gmt+09:00)
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Mergers & AcquisitionsH&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. u...
Jan 08, 2024 (Gmt+09:00)
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Construction & PlanningUS tops Korea’s overseas construction orders in 2023
South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly drive...
Jan 08, 2024 (Gmt+09:00)
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Electric vehiclesHyundai to invest an additional $744 mn in Indian hydrogen biz
Hyundai Motor Co., South Korea’s top automaker, is set to invest an additional $744 million in India for a hydrogen ecosys...
Jan 08, 2024 (Gmt+09:00)
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Research & DevelopmentKAIST, MIT jointly open Quantum Winter School
The Korea Advanced Institute of Science and Technology (KAIST) announced on Monday that it is partnering with the Massachusett...
Jan 08, 2024 (Gmt+09:00)
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Korean foodFried 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 st...
Jan 08, 2024 (Gmt+09:00)
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Shipping & ShipbuildingKorea’s Hanwha Ocean quits money-losing container shipbuilding business
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing containe...
Jan 08, 2024 (Gmt+09:00)
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Korean stock marketS.Korea launches official probe into HSCEI-tied ELS sale
South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential m...
Jan 08, 2024 (Gmt+09:00)
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Corporate strategyPOSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy...
Jan 08, 2024 (Gmt+09:00)
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AirlinesAsiana, Korea Univ. to jointly attract medical tourism
South Korea's Asiana Airlines Inc. announced on Monday that it has partnered with Korea University Anam Hospital to promote medi...
Jan 08, 2024 (Gmt+09:00)
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Artificial intelligenceLG Uplus invests $7.6 mn in 42Maru
South Korea’s LG Uplus Corp. announced on Sunday that it has invested 10 billion won ($7.6 million) in 42Maru, a domestic ...
Jan 08, 2024 (Gmt+09:00)