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EconomySouth Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering
South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,...
Jul 12, 2024 (Gmt+09:00)
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Investment bankingSamsung Securities’ IB head to quit amid talent outflow
Lee Jae-hyun, who has led one of Samsung Securities Co.'s investment banking divisions for two years, has recently expressed his...
Jul 12, 2024 (Gmt+09:00)
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SportsTwentysomething women become mainstream Korean baseball fans
South Korea is a fast-aging country, where one in every five people is 65 years old or older. But it is a different story for th...
Jul 12, 2024 (Gmt+09:00)
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ElectronicsSamsung Chairman Lee visits India for Ambani wedding
Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited India for the wedding of Anant Ambani — the youngest son o...
Jul 12, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHanwha Ocean to cut CO2 emissions from ships with smart lighting
Hanwha Ocean Co., South Korea's third-largest shipbuilder, said on Friday it has won an approval in-principle (AIP) certificate ...
Jul 12, 2024 (Gmt+09:00)
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AutomobilesKumho Tire to supply tires for Alpine Class
South Korea's Kumho Tire Co. announced on Friday that it will exclusively supply high-performance tires for the Renault high-per...
Jul 12, 2024 (Gmt+09:00)
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BatteriesSamsung SDI, Sungkyunkwan Univ. to develop battery engineer
Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, will establish a Department of Battery Engineering...
Jul 12, 2024 (Gmt+09:00)
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Electric vehiclesGenesis GV60 Magma to enter production in 2025; hybrid model eyed
When Hyundai Motor Co. unveiled the Genesis GV60 Magma Concept at Genesis House New York this March, the premium brand’s c...
Jul 12, 2024 (Gmt+09:00)
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InsuranceKyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI
South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kon...
Jul 12, 2024 (Gmt+09:00)
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Chemical IndustryHyosung to sell its specialty gas unit for $943 mn to Korean PEs
South Korea’s Hyosung Group is poised to sell a 100% stake in its specialty and industrial gas unit to a consortium led by...
Jul 12, 2024 (Gmt+09:00)
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Banking & FinanceHana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors...
Jul 12, 2024 (Gmt+09:00)
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EnergyHanwha Q Cells gets solar power plant order in Colorado
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Thursday that it has secure...
Jul 12, 2024 (Gmt+09:00)
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Tech, Media & TelecomMillie Seojae introduces AI book reader
Millie Seojae, the e-book platform subsidiary of South Korea's KT Corp., announced on Thursday that it introduced an AI text-to-...
Jul 12, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHD Hyundai qualifies to compete for US Navy MRO
South Korea's HD Hyundai Heavy Industries Co. announced on Thursday that it signed a Ship Maintenance Relations Agreement (MSRA)...
Jul 12, 2024 (Gmt+09:00)
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Bio & PharmaSamsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Bi...
Jul 12, 2024 (Gmt+09:00)
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Korean startupsRoutinery readies for new chapter with 2.0
Born in South Korea but blowing up abroad, the Routinery app is designed to make small changes in users' daily routines to make ...
Jul 12, 2024 (Gmt+09:00)