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Mergers & AcquisitionsCollapsed merger’s silver lining: More cash for Hyundai Heavy
The European Commission’s rejection of Hyundai Heavy Industries Co.'s proposed merger with crosstown rival Daewoo Shipbuil...
Jan 14, 2022 (Gmt+09:00)
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ETFsMirae Asset’s global ETFs top 100 trillion won mark
Mirae Asset Global Investments Co.’s global equity-traded funds (ETFs) topped the 100 trillion won mark, for the first tim...
Jan 14, 2022 (Gmt+09:00)
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Korean startupsSK Networks invests $20 mn in vegan leather producer
SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general t...
Jan 14, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKorean Air wary of Asiana deal after EU blocks HHI-DSME merger
Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the...
Jan 14, 2022 (Gmt+09:00)
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Banking & FinanceBOK restores interest rates to pre-pandemic level
South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb r...
Jan 14, 2022 (Gmt+09:00)
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Shipping & ShipbuildingCreditors to unveil new plans next week to sell DSME
Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner...
Jan 14, 2022 (Gmt+09:00)
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Memo from Howard MarksSelling Out
The Korea Economic Daily Global Edition exclusively carries the full text of the latest memos from Howard Marks, co-founder and co...
Jan 14, 2022 (Gmt+09:00)
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MetaverseDoubleU invests $1.5 million in Epic Games
South Korea’s DoubleU Games Co. announced Friday that its subsidiary DoubleDown Interactive LLC invested $1.5 million in...
Jan 14, 2022 (Gmt+09:00)
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Korean chipmakersSamsung Elec paves way for computer without CPU
Samsung Electronics Co., the world’s top memory chip maker, succeeded in developing in-memory computing technology that al...
Jan 14, 2022 (Gmt+09:00)
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Korean startupsBaby Shark becomes first YouTube video to surpass 10 bn views
Baby Shark became the first video to reach more than 10 billion views on YouTube on Jan 13. This milestone follows the same vide...
Jan 14, 2022 (Gmt+09:00)
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Mergers & AcquisitionsHyundai Heavy, DSME merger falls through on EU veto
The European Commission on Thursday vetoed the combination of the world’s two largest shipbuilders Hyundai Heavy Industrie...
Jan 14, 2022 (Gmt+09:00)