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EconomyKorea’s current account swings to deficit, four-month figures worsen
South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-lar...
Jun 09, 2023 (Gmt+09:00)
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InfrastructureWoori, ABL Life commit to Rubicon’s infrastructure debt fund
South Korea’s Woori Global Asset Management Co. and ABL Life Insurance Co. have committed a sizeable amount of capital to ...
Jun 09, 2023 (Gmt+09:00)
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Artificial intelligenceOpenAI’s Sam Altman seeks help from Korean startups, chipmakers
Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with Sou...
Jun 09, 2023 (Gmt+09:00)
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InsuranceKB Financial, Sompo Japan team up for boosting nursing care services
South Korea's KB Financial Group and Japan's Sompo Holdings announced on Friday a memorandum of understanding (MOU) to collabora...
Jun 09, 2023 (Gmt+09:00)
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RetailKorean golf club, apparel markets face decline in post-pandemic era
South Korea’s golf equipment and apparel markets enjoyed a boom during COVID-19. But they are facing a downturn this year ...
Jun 09, 2023 (Gmt+09:00)
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Business & PoliticsCrutches can't slow SK Chair Chey’s zeal for 2030 Expo in Busan
The largest business chambers of South Korea and Japan have agreed to cooperate on Korea’s bid to host World Expo 2030 in ...
Jun 09, 2023 (Gmt+09:00)
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Korean stock marketS.Korea not ready for developed market status: MSCI
MSCI Inc. regards the South Korean stock market as not ready for its developed market status despite a series of reforms, dampen...
Jun 09, 2023 (Gmt+09:00)
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Food & BeverageS.Korean gov’t to showcase domestic fresh eggs in Hong Kong
South Korean Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT) announce...
Jun 09, 2023 (Gmt+09:00)
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LogisticsHanjin to participate in operation of logistics center in Thailand
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Friday that it will open a 9,000-square-mete...
Jun 09, 2023 (Gmt+09:00)
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Future mobilityLG Uplus to use UAM to slash EMS transportation time
South Korea's internet service provider LG Uplus Corp. on Thursday said it signed an agreement with the municipal government of ...
Jun 09, 2023 (Gmt+09:00)
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BatteriesLG Energy to expand EV battery care with 7 imported car dealers
South Korea's LG Energy Solution Ltd. has teamed up with seven imported car dealers in the country to expand the company's ele...
Jun 09, 2023 (Gmt+09:00)
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ESG bondsHyundai Card issues $193 mn Korean green bonds
South Korea's Hyundai Card announced on Friday that it has issued a green bond worth 250 billion won ($193 million), becoming th...
Jun 09, 2023 (Gmt+09:00)
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Mergers & AcquisitionsBlackRock buys $860 mn stake in S.Korean gas supplier
Global asset manager BlackRock has bought a 30% stake in South Korea’s industrial gas supplier AirFirst Co. for 1.11 trill...
Jun 09, 2023 (Gmt+09:00)
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AutomobilesHyundai Mobis exceeds $770 bn in R&D investment in 2023
South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion ...
Jun 09, 2023 (Gmt+09:00)
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Foreign exchangeS.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on...
Jun 09, 2023 (Gmt+09:00)
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Future mobilityHyundai Motor showcases future mobility in new Spider-Man film
Hyundai Motor Co. announced that it will showcase future mobility in collaboration with Sony Pictures Entertainment on the anima...
Jun 09, 2023 (Gmt+09:00)
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ElectronicsSamsung unveils 2023 model TV, home appliances in China
Samsung Electronics Co. announced that it held the 2023 China Tech Seminar in Beijing, China, on Friday, unveiling the new TV an...
Jun 09, 2023 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE gauges carbon emitted over LNG ship's lifespan
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate shipbuilding holding company of HD Hyundai Co., is ...
Jun 09, 2023 (Gmt+09:00)
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Business & PoliticsUS emerges key to Korea’s nuclear power plants exports to Saudi Arabia
Saudi Arabia, which is seeking to build two 1.4 gigawatts (GW) nuclear power plants, is demanding that the US allow uranium enri...
Jun 09, 2023 (Gmt+09:00)