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RegulationsTech spies face tougher Korean penalties; 18 years in jail for overseas leaks
South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an oversea...
Jan 19, 2024 (Gmt+09:00)
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ConstructionShinsegae E&C issues $150 mn bond to calm liquidity concerns
South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) said on Friday it has raised 200 billion wo...
Jan 19, 2024 (Gmt+09:00)
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AutomobilesMercedes-Benz unveils New E-Class in S.Korea
Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Kore...
Jan 19, 2024 (Gmt+09:00)
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IPOsWhy spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to ...
Jan 19, 2024 (Gmt+09:00)
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Artificial intelligenceKakao’s multimodal LLM Honeybee: Korea’s answer to Gemini, GPT-4
Kakao Corp., South Korea’s top mobile platform operator, said on Friday it has developed a multimodal large language model...
Jan 19, 2024 (Gmt+09:00)
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Central bankSouth Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authori...
Jan 19, 2024 (Gmt+09:00)
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Korean chipmakersGaonchips opens corporation in Silicon Valley
South Korea’s Gaonchips Co. announced on Friday that it opened its new overseas corporation Gaonchips America Inc. in Si...
Jan 19, 2024 (Gmt+09:00)
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Aerospace & DefenseIMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier...
Jan 19, 2024 (Gmt+09:00)
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Travel & LeisureMyRealTrip attracts $57 mn investment
South Korea's travel app MyRealTrip announced on Friday that it has attracted 75.6 billion won ($56.55 million) investment from ...
Jan 19, 2024 (Gmt+09:00)
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ESG bondsWoori Bank issues $700 mn in ESG bonds
South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (...
Jan 19, 2024 (Gmt+09:00)
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MarketsS.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to...
Jan 19, 2024 (Gmt+09:00)
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Pension fundsKorean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become a...
Jan 19, 2024 (Gmt+09:00)
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AutomobilesHyundai, Kia dominate US Best Cars for the Money
Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for...
Jan 19, 2024 (Gmt+09:00)
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BatteriesHyundai Motor signs 4-year lithium deal with Ganfeng Lithium
Hyundai Motor Group will acquire lithium hydroxide, a key raw material for electric vehicle batteries, from the world’s No...
Jan 19, 2024 (Gmt+09:00)
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Shipping & ShipbuildingKorean shipbuilders tighten grip on ammonia carrier market
South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-fr...
Jan 19, 2024 (Gmt+09:00)