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Chief ExecutivesKim Young-shub, ex-LG CNS chief, to lead Korea’s telecom giant KT
Kim Young-shub, former chief executive of information technology service provider LG CNS Co., has been named to head South Korea...
Aug 30, 2023 (Gmt+09:00)
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EconomyS.Korea’s birth rate at record low despite rebound in marriages
South Korea’s total fertility rate hit its trough of 0.7 again in the second quarter, according to Statistics Korea on Wed...
Aug 30, 2023 (Gmt+09:00)
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Pension fundsNPS logs 9.1% return in H1 2023; recovered from loss in 2022
National Pension Service (NPS) of South Korea achieved a 9.1% return on investment during the first half of this year, with asse...
Aug 30, 2023 (Gmt+09:00)
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BatteriesHyundai to invest $398 mn in Korea Zinc for battery materials
Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead an...
Aug 30, 2023 (Gmt+09:00)
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Travel & LeisureForeign visitors to S.Korea in July surpass 1 mn post-COVID-19
The number of foreign tourists visiting South Korea has exceeded 1 million in a month for the first time since the outbreak of C...
Aug 30, 2023 (Gmt+09:00)
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Korean startupsS.Korea to invest in Korean-owned overseas startups
South Korea will expand startup nurturing programs into overseas venture companies launched by Koreans from next year as the cou...
Aug 30, 2023 (Gmt+09:00)
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Mergers & AcquisitionsFosun to cash out of K-beauty firm Nature&Nature for $38 mn
Fosun Group, a debt-laden Chinese conglomerate, is seeking to cash out of its entire stake in Nature&Nature Co. for up to 50...
Aug 30, 2023 (Gmt+09:00)
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Tech, Media & TelecomWebcash launches WeBill 365 in Cambodia
South Korea's Webcash Co. has launched its specialized billing solution "WeBill 365" in Cambodia."WeBill 365 maximizes convenien...
Aug 30, 2023 (Gmt+09:00)
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Korean startupsForbes selects nine S.Korean startups as Asia 100 to Watch
Nine South Korean startups have made it to the "Forbes Asia 100 to Watch 2023" list.According to Forbes on Tuesday, the followin...
Aug 30, 2023 (Gmt+09:00)
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EconomySouth Korean exporters jittery as China's slowdown raises red flag
South Korea’s exporting companies are increasingly feeling the heat as its top export market China is sounding alarm bells...
Aug 30, 2023 (Gmt+09:00)
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Aerospace & DefenseLIG Nex1 participates in drone road show in Riyadh
South Korean leading defense company LIG Nex1 Co. took part in a drone-focused workshop "2023 Korea-Saudi Arabia Drone Road Show...
Aug 30, 2023 (Gmt+09:00)
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Artificial intelligenceHyundai Engineering to develop conversational AI for construction
South Korea's Hyundai Engineering Co. is developing a conversational artificial intelligence (AI) program for use in the plant a...
Aug 30, 2023 (Gmt+09:00)
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Real estateWhy European real estate debt is compelling now: M&G
Real estate debt has gained recognition as a viable investment vehicle for several reasons. Firstly, investors may benefit from ...
Aug 30, 2023 (Gmt+09:00)
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AutomobilesNew, restyled models intensify SUV battle in S.Korea
Global automakers are racing to release new and restyled sport utility vehicles in South Korea, intensifying the battle to domin...
Aug 30, 2023 (Gmt+09:00)
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Shipping & ShipbuildingKorea's HMM bidders shortlisted to LX Group, Harim, Dongwon
Bidders for HMM Co., South Korea’s top shipping company, have been shortlisted to LX Group, Harim Co. and Dongwon Industri...
Aug 30, 2023 (Gmt+09:00)
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Electric vehiclesFrance’s new EV subsidy bill may violate Korea-EU FTA: KITA
The South Korean auto industry has called for an amendment in France’s new subsidy policy for electric vehicle purchases a...
Aug 30, 2023 (Gmt+09:00)
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Beauty & CosmeticsAmorepacific's Aestura to enter Japanese market
South Korean beauty and cosmetics giant Amorepacific Corp. announced on Wednesday that its derma cosmetic brand Aestura will ent...
Aug 30, 2023 (Gmt+09:00)
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Samsung GroupSamsung Electro-Mechanics suffers cut in Q3 earnings estimate
South Korea's Kiwoom Securities on Tuesday said it cut its third-quarter earnings forecast for Samsung Electro-Mechanics due t...
Aug 30, 2023 (Gmt+09:00)
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Artificial intelligenceSapeon completes $45 mn series A funding
Sapeon, a South Korean artificial intelligence (AI) semiconductor company, announced on Wednesday that it has concluded a Series...
Aug 30, 2023 (Gmt+09:00)
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ElectronicsSamsung releases SD card brand highly resistant to water, drops
Samsung Electronics Co. on Tuesday said its new Pro Ultimate line of secure data (SD) cards features enhanced speed and stabil...
Aug 30, 2023 (Gmt+09:00)
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ConstructionHyundai E&C ranks 11th on global construction market
South Korea’s Hyundai Engineering & Construction on Tuesday said it ranks 11th in the world in overseas sales in the...
Aug 30, 2023 (Gmt+09:00)