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  • Regulations
    Tech 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)

  • Construction
    Shinsegae 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)

  • Automobiles
    Mercedes-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)

  • IPOs
    Why 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)

  • Artificial intelligence
    Kakao’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)

  • Central bank
    South 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)

  • Korean chipmakers
    Gaonchips 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)

  • Aerospace & Defense
    IMM 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)

  • Travel & Leisure
    MyRealTrip 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)

  • ESG bonds
    Woori 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)

  • Markets
    S.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)

  • Pension funds
    Korean 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)

  • Automobiles
    Hyundai, 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)

  • Batteries
    Hyundai 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)

  • Shipping & Shipbuilding
    Korean 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)