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Mergers & AcquisitionsSamsung lukewarm on Arm IPO, questioning valuation
Samsung Electronics Co. is not keen to invest in SoftBank’s British chip design unit Arm, the valuation of which seems too...
Aug 09, 2023 (Gmt+09:00)
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Mergers & AcquisitionsSamsung materials suppliers Soulbrain, DNF to merge in $87 mn deal
Soulbrain Holdings Co., a South Korean high-tech materials supplier to Samsung Electronics Co., is in final talks to buy a contr...
Aug 09, 2023 (Gmt+09:00)
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Electric vehiclesHyundai Mobis wins EV component supply deal from VW
South Korea’s Hyundai Mobis Co. has bagged a deal purportedly worth billions of dollars to supply a key electric vehicle c...
Aug 09, 2023 (Gmt+09:00)
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Tech, Media & TelecomNaver to launch short-form service on portal’s front page
South Korea’s top online portal Naver Corp. said on Wednesday it is strengthening its short-form content service on surgin...
Aug 09, 2023 (Gmt+09:00)
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Mergers & AcquisitionsToss’ TADA sale back to square one; its mobility push faces setback
Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its sec...
Aug 09, 2023 (Gmt+09:00)
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Shareholder valueSK Square to buy back $152 mn of its stocks by March 2024
South Korean investment firm SK Square Co. will buy back 200 billion won ($151.9 million) worth of corporate shares by March of ...
Aug 09, 2023 (Gmt+09:00)
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Business & PoliticsKorea’s Big Four conglomerates likely to regain FKI membership
South Korea’s four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as ...
Aug 09, 2023 (Gmt+09:00)
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SteelPOSCO changes brand slogan for first time in 23 years
POSCO Holdings Inc., the holding firm of South Korea’s largest steelmaker, on Wednesday announced a new brand slogan, &ldq...
Aug 09, 2023 (Gmt+09:00)
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LogisticsHyundai Glovis to secure additional 12 car transport vessels by 2025
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to secure an additional 12 vehicle tran...
Aug 09, 2023 (Gmt+09:00)
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EarningsCoupang’s Q2 profit soars to a record, driven by e-commerce
Coupang Inc., South Korea’s leading delivery service provider, on Wednesday posted an all-time high quarterly profit and r...
Aug 09, 2023 (Gmt+09:00)
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EarningsLotte Chemical posts fifth straight quarterly operating loss in Q2
South Korea’s Lotte Chemical Corp. has posted an operating loss for a fifth straight quarter due to sluggish petroch...
Aug 09, 2023 (Gmt+09:00)
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Bio & PharmaSK Bioscience buys 6.5 million Novavax shares for $83.4 million
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, said on Wednesday it has signed a deal to buy 6.5 milli...
Aug 09, 2023 (Gmt+09:00)
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Korean chipmakersSK Hynix unveils another NAND to win chip stacking war
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., showcased its progress in the ch...
Aug 09, 2023 (Gmt+09:00)
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Bio & PharmaSK Pharmteco secures 12 global pharma clients, sets up US R&D center
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has sec...
Aug 09, 2023 (Gmt+09:00)
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FashionKorean lifestyle brand Andar takes on Xexymix in athleisure market
South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to ...
Aug 09, 2023 (Gmt+09:00)