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Seoul Guarantee Insurance sharply cuts IPO valuation
(Courtesy of Getty Images) Seoul Guarantee Insurance Co. (SGI) has slashed its target valuation by about 40% in a renewed…
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Hanwha Ocean swings to profit, seeks 6 US Navy MRO projects
Hanwha Ocean is a Korean warship builder Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung…
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South Korean oil refiners to jointly build SAF plant
SK Energy’s SAF production line was completed in 2024 (Courtesy of SK Energy) South Korea’s four major oil refining companies…
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Kia hits record 2024 sales; profit margins highest among global automakers
The Kia EV9 on display at Incheon International Airport South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever…
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LG Electronics secures control of Bear Robotics
Bear Robotics’ delivery robots Servi Plus LG Electronics Inc. has secured control of Bear Robotics Inc., a service robot developer,…
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SK On bags $1.8 billion EV battery deal with Nissan
Loss-making SK On Co., the world’s fifth-largest battery maker, has hit the jackpot with a $1.8 billion deal to supply…
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HS Hyosung Advanced Materials seeks to sell tire steel cord business
Tire steel cord made by HS Hyosung Advanced Materials South Korea’s HS Hyosung Advanced Materials Corp. is seeking to sell…
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Hyundai Motor logs record sales for two straight years on SUVs, hybrids
Hyundai’s Genesis GV80 Coupe South Korea’s top automaker Hyundai Motor Co. on Thursday posted its largest-ever sales for a second…
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KT to sell financial security unit for $59 mn for restructuring
(Downloaded from Initech’s website) South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for…
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HD KSOE wins $2.6 bn order for 12 container ships
South Korea’s largest shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Thursday it got 3.716 trillion…
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Naver Webtoon’s Stagtown to be cinematized by Hollywood
South Korea’s Naver Webtoon said on Thursday its horror series Stagtown, popular in the US, will be made into a…
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S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast
Empty shops on the street in Seoul, waiting for new tenants (Courtesy New1 Korea) South Korea’s economy expanded 2.0% last…
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SK Hynix logs record-high profit in Q4; beat Samsung’s earnings
SK Hynix unveiled its 16-layer HBM3E sample for the first time at CES 2025 (Courtesy of Yonhap) SK Hynix Inc.,…
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Samsung Electronics’ new Galaxy S25 smartphone: ‘Perfect AI assistant’
TM Roh, head of Samsung Electronics’ Mobile Experience Business Division, unveils the Galaxy S25 series at Galaxy Unpacked 2025 in…
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Korean bonds heavily oversubscribed in January boom
(Courtesy of Getty Images) South Korea’s debt market got off to a strong start this year, with several blue-chip companies…
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Korea’s Cactus PE to buy stake in Kodaq-listed EV parts firm
(Courtesy of Getty Images) South Korea’s Cactus Privat Equity is set to acquire a stake in YM Tech Co., a…
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Samsung Biologics posts record 2024 sales, operating profit as it goes global
Researchers at Samsung Biologics’ third plant in Songdo, Incheon South Korea’s Samsung Biologics Co., the world’s largest contract drugmaker, on…
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Hanwha Q Cells sells two solar power plant projects in US
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea’s Hanwha Solutions Corp., said on Wednesday that it…
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Amorepacific’s Aestura to enter US market with Sephora
South Korean beauty and cosmetics giant Amorepacific Corp. said on Wednesday that its derma cosmetic brand Aestura will enter the…
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SK Hynix sharply narrows gap with Samsung’s market cap
SK Hynix is the second largest stock on Kospi in terms of market capitalization SK Hynix Inc. has significantly raised…
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Sono Hospitality heralds proxy fight to control T’way Air
A ski resort operated by Sono Hospitality Group in South Korea (Courtesy of Sono Hospitality) Sono Hospitality Group, South Korea’s…
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Samsung, LG consider moving electronics plants to US from Mexico
US President Donald Trump speaks after being sworn in as president of the United States at the US Capitol building…
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South Korea to tighten delisting rules to remove ailing firms
(Courtesy of Getty Images) South Korea will sharply raise the threshold for listed companies to remain traded on the domestic…
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Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers
High-strength hot stamping steel sheets for car body developed by Hyundai Steel Hyundai Steel Co., South Korea’s second-largest steelmaker, sold…
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Koh Young gets OK from FDA for brain surgery robot
Geniant Cranial, Koh Young’s neurosurgical robot (Courtesy of Koh Young) Koh Young Technology Inc., a South Korean developer of 3D…
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Allsale, the lead K-beauty ambassador in US
Screenshot captured from the Allsale Linkedin post Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in…
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Blackstone zooms in on hotels, warehouses in Korea
Kathleen McCarthy, the global co-head of Blackstone Real Estate, speaks to The Korea Economic Daily in a recent interview The…
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Coupang, Naver in neck and neck race to lead S.Korea’s e-commerce market
Coupang Inc. and Naver Corp., the top two players in the South Korean e-commerce market, are expected to further tighten…
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Samsung Heavy wins $264 mn order for LNGC
South Korea’s shipbuilder Samsung Heavy Industries said on Monday it won 379.6 billion won ($264 million) for one unit of…
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Hanwha Aerospace nears $276 million K9 howitzer deal with Vietnam
Hanwha Aerospace unveils the latest model of its K9 self-propelled howitzer, the K9A2, on Sept. 12, 2023 South Korea’s Hanwha…
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MBK’s ByungJu Kim, UBS’ Kyungin Lee: Most influential in capital market
Michael ByungJu Kim (left), co-founder, partner and chairman of MBK Partners and Kyungin David Lee, UBS Group vice chair for…
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IMM PE exits Woori Financial with double-digit return
Woori Financial Group headquarters in Seoul IMM Private Equity has divested its remaining 1.38% stake in Woori Financial Group for…
