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RetailCJ Olive Young faces discipline for abuse of power with suppliers
CJ Olive Young Co., South Korea’s top beauty store chain, will face punishment by the country’s antitrust regulator ...
Feb 08, 2023 (Gmt+09:00)
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Food & BeverageSnack maker Orion to pursue M&As, expand Vietnam facility
South Korea’s confectionery and snack maker Orion Corp. reported its largest-ever earnings last year, driven by strong sal...
Feb 08, 2023 (Gmt+09:00)
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InsuranceKyobo Life Insurance speeds up creation of holding company
South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer...
Feb 08, 2023 (Gmt+09:00)
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Corporate bondsSK Hynix set for largest-ever corporate bond issue at bargain prices
SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in Sou...
Feb 08, 2023 (Gmt+09:00)
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EconomyKorea returns to current account surplus in Dec but faces export slump
South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in ...
Feb 08, 2023 (Gmt+09:00)
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Artificial intelligenceSK Telecom to launch multimodal AI to match ChatGPT
South Korea’s SK Telecom Co. will adopt natural language generation and processing capabilities for its nascent artificial...
Feb 08, 2023 (Gmt+09:00)
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ElectronicsLG makes big B2B push to regain momentum, boost profits: CEO
South Korea’s home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global busine...
Feb 08, 2023 (Gmt+09:00)
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Business & PoliticsS.Korean firms offer aid to earthquake-stricken Turkey
South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Gr...
Feb 08, 2023 (Gmt+09:00)
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BatteriesKorea EV battery makers lose market share against Chinese rivals
South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully bene...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaPrestige Bio's Herceptin biosimilar proves equivalence in clinical trials
Prestige Biopharma, a South Korean biopharmaceutical developer, said on Tuesday that the final analysis of phase 3 clinical tria...
Feb 08, 2023 (Gmt+09:00)
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Carbon neutralitySK E&S, Ce-tek demonstrate carbon dioxide absorbent
Ce-tek, a research company in carbon capture technology supported by South Korea's SK E&S, has conducted a demonstration exp...
Feb 08, 2023 (Gmt+09:00)
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AutomobilesHyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US
Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tues...
Feb 08, 2023 (Gmt+09:00)
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Business & PoliticsFKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-orie...
Feb 08, 2023 (Gmt+09:00)
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Tech, Media & TelecomAfreecaTV, VTVCab agree on live streaming platform service in Vietnam
South Korea's video streaming platform AfreecaTV Co. said Wednesday that it has agreed with VTVCab, a member of Vietnam's ...
Feb 08, 2023 (Gmt+09:00)
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Banking & FinanceHyundai Card to provide Apple Pay in South Korea
Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The A...
Feb 08, 2023 (Gmt+09:00)
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Hydrogen economyLotte Chemical, RWE, Mitsubishi form alliance for clean ammonia
South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaMedytox to sell off 2.2 mn shares of Daewoong's American partner Evolus
Medytox Inc. said in a regulatory filing on Wednesday that it is selling off approximately 2.19 million shares of Evolus, Daewoo...
Feb 08, 2023 (Gmt+09:00)
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EarningsFintech firm Kakao Pay logs first yearly net profit in 2022
Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the f...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaHumasis participates Dubai MEDLAB Middle East 2023
South Korean medical devices maker, Humasis Co., is participating in the MEDLAB Middle East 2023 event taking place at the Dubai...
Feb 08, 2023 (Gmt+09:00)
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RegulationsKorea seeks legal system for independent equity research firms
South Korea is set to establish a legal system for independent equity research providers this year to protect individual investo...
Feb 08, 2023 (Gmt+09:00)
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War in UkraineUkraine War Drives Rapid Growth in South Korea’s Arms Exports
SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seo...
Feb 08, 2023 (Gmt+09:00)
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EnergyMirae Asset Securities signs long-term REC purchase contract
Mirae Asset Securities signed a long-term purchase agreement for solar renewable energy certificates (RECs) with Sunset Energy o...
Feb 08, 2023 (Gmt+09:00)
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Aerospace & DefenseLow-cost carriers in S.Korea returning to profitability
South Korea's low-cost carriers (LCC) Jeju Air Co. and Jin Air in the fourth quarter last year each earned operating profit for ...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaCoreline Soft to supply AI diagnosis solution to France
Coreline Soft, a South Korean company specializing in developing medical artificial intelligence (AI) devices, said on Tuesday t...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaS.Korean biotech firm Genesystem to bring molecular testing to India
Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into...
Feb 08, 2023 (Gmt+09:00)
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Bio & PharmaRed ginseng prevents flu, pneumonia: research
Studies have shown that South Korea's hongsam (red ginseng) is effective in preventing respiratory diseases such as the flu and ...
Feb 08, 2023 (Gmt+09:00)