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EconomyKorea needs population growth for sustainability: World Bank chief
World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competit...
Jan 25, 2024 (Gmt+09:00)
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Business & PoliticsKorean mining company to file around $747 mn claim against Panama
A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747....
Jan 25, 2024 (Gmt+09:00)
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EnergyDoosan Enerbility wins $210 mn S.Korean power plant deal
South Korea’s major power plant builder Doosan Enerbility Co. has bagged a 280 billion won ($209.6 million) contract to su...
Jan 25, 2024 (Gmt+09:00)
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EnergyOCI to strengthen solar energy biz in Malaysia
OCI Holdings Co. announced on Thursday that it hosted a charity event in Sarawak, Malaysia, aiming to strengthen local ties in t...
Jan 25, 2024 (Gmt+09:00)
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Artificial intelligenceSamsung flexes AI chip muscles ahead of Altman visit
Samsung Electronics Co. will go all out to win the AI chip race with its most advanced AI memory chip products, its semiconducto...
Jan 25, 2024 (Gmt+09:00)
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Tech, Media & TelecomKT to build submarine cable in Asia
South Korea’s KT Corp. announced on Thursday that it plans to build a new submarine cable to cater to the burgeoning deman...
Jan 25, 2024 (Gmt+09:00)
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Alternative investmentsPeak views: What lies ahead in 2024?
With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their r...
Jan 25, 2024 (Gmt+09:00)
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EarningsHyundai Motor, Kia: S.Korea’s highest earners, Tesla’s biggest rival in US
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, became the country’s highest earners in 2023,...
Jan 25, 2024 (Gmt+09:00)
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AutomobilesDaedong Gear to supply $137mn EV parts to Hyundai
Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 bi...
Jan 25, 2024 (Gmt+09:00)
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AutomobilesHyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants
Hyundai Motor Group and SK Enmove Co. on Thursday signed a memorandum of understanding to collaborate in developing refrigerants...
Jan 25, 2024 (Gmt+09:00)
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FashionCJ OnStyle launches genderless fashion brand M12
South Korea's CJ OnStyle announced on Thursday that it will launch a genderless fashion brand M12. M12 means genderless lifewear...
Jan 25, 2024 (Gmt+09:00)
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Food & BeverageLotte gets exclusive right of Bacha Coffee in S.Korea
South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights...
Jan 25, 2024 (Gmt+09:00)
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EarningsSK Hynix swings to profit; sees 60% surge in HBM demand
SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chip...
Jan 25, 2024 (Gmt+09:00)
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EarningsKia posts record 2023 sales, profit with bold 2024 business targets
Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by stro...
Jan 25, 2024 (Gmt+09:00)
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BatteriesLG Energy to invest in Li-metal battery developer Sion Power
Global lithium-ion battery major LG Energy Solution Ltd. will invest in Sion Power Corp., a US startup holding core patents in l...
Jan 25, 2024 (Gmt+09:00)
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RetailLotte World Tower sees record-high visitors in 2023
Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tow...
Jan 25, 2024 (Gmt+09:00)