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Kookmin to tighten loan limits to cool housing market
Apartment buildings and multiplex houses in Seoul Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending…
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NPS to veto SK Innovation’s merger with LNG affiliate
SK Innovation headquarters in Seoul (File photo by Dae-chul Lim) South Korea’s National Pension Service (NPS), manager of the world’s…
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STIC to buy Korean flooring firm Nox from TPG for $336 mn
Floor with LVT (Courtesy of Nox) Seoul-based private equity firm STIC Investments agreed to acquire global leading luxury vinyl tiles…
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BGF Retail’s CU looks beyond Kazakhstan deep into Central Asia
CU’s first Kazakhstan convenience store outlet in Almaty Kazakhstan, a Central Asian country 27 times the size of South Korea,…
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SK seeks sale of specialty gas unit for around $3 bn
Researcher at SK Specialty’s laboratory (File photo, courtesy of SK) SK Group, the second-largest conglomerate in South Korea, is considering…
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Hyundai, Kia to apply BMS to all EVs to prevent fire
Hyundai and Kia’s BMS (Courtesy of Hyundai Motor Group) Hyundai Motor Group, the world’s third-largest automaker, plans to install its…
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Coupang, CJ Cheiljedang end feud and resume Rocket Delivery
Coupang Inc., South Korea’s largest e-commerce platform, on Wednesday resumed the same- or next-day delivery service dubbed Rocket Delivery for…
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Coupang, CJ Cheiljedang end feud to resume Rocket Delivery
Coupang Inc., South Korea’s largest e-commerce platform, on Wednesday resumed the same or next-day delivery service, dubbed Rocket Delivery, for…
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TCL narrows gap with Samsung with premium mini LED TVs
TCL’s mini LED TVs on display at CES 2024 in Las Vegas China’s TCL Technology, the world’s No. 2 TV…
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Korea opens probe into Woori’s loans for ex-chair’s relatives
Woori Financial Group’s former Chairman Sohn Tae-Seung (Courtesy of Woori) South Korea’s financial watchdog said on Sunday it has found…
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Jeju Air seeks M&A, igniting a race for top place in Korean LCC market
Jeju Air’s B737-800 aircraft Jeju Air Co., a leading South Korean low-cost carrier (LCC), will likely seek acquisition and merger…
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SoftBank-backed Tridge in trouble amid Korean startup doom
(Captured from Tridge website) Tridge Co., South Korea’s first agricultural product and food trading platform operator invested by SoftBank Group…
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Samsung SDI’s Q2 profit drops on sluggish European EV sales
Samsung SDI headquarters in Yongin, Gyeonggi Province, South Korea (Courtesy of Samsung) Samsung SDI Co., the world’s sixth-largest electric vehicle…
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Korea extends rescue funds as Qoo10 CEO apologizes for payment delays
Headquarters of WeMakePrice and TMON in Seoul (Courtesy of Yonhap) South Korea on Monday came up with a plan to…
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S.Korea relinquishes control to China in smaller OLED market
Samsung Display booth at SID Display Week 2024 (Courtesy of Samsung Display) LG Display Co. and Samsung Display Co. lost…
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Doosan Robotics, Bobcat ordered to clarify merger deal
Doosan’s chicken-frying robot performs its task at a high school (Courtesy of Doosan Robotics) South Korean regulators have ordered Doosan…
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China, LG H&H’s pain in the neck amid global K-beauty boom
Chinese internet influencers at LG H&H’s launch event for new product of The Whoo in Shanghai in August 2023 (File…
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Naver begins Saudi digital twin project for smart cities
Naver’s virtual simulations of cities based on digital twin platforms South Korean internet giant Naver Corp. and the Saudi Arabian…
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Doosan Robotics, Bobcat merger prompts call for law revision
Doosan Group headquarters in Bundang, Gyeonggi Province Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat…
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South Korea’s 2025 minimum wages rise 1.7%; SMEs seen suffering
The Minimum Wage Commission meets on July 11, 2024 (Courtesy of Yonhap) South Korea has set next year’s hourly minimum…
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Korea challenges PCA ruling in favor of Mason Capital over Samsung case
South Korean Justice Minister Park Sung-jae says the ministry is challenging the PCA’s ruling in favor of Mason Capital over…
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Don’t dwell on Korea discount; light up visibility on global stage
HyperCLOVA X introduction at Team Naver Conference Dan 23 on Aug. 24, 2023 (Courtesy of News1 Korea) To the world,…
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The Japanese Occupation of Korea: A Struggle for Independence and the Korean War
in History
Introduction to the Japanese Occupation The Japanese occupation of Korea, spanning from 1910 to 1945, was a critical period that…
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Thousands of Samsung Workers Walk Out for Three-Day Strike
Union members have been urged to down tools for three days until Wednesday, ratcheting up pressure on management in now-stalled…
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Samsung SDI to ink $726 mn ESS deal with NextEra Energy
The Samsung Battery Box 1.5, Samsung SDI’s ESS battery to be supplied to NextEra Energy (File photo, courtesy of Samsung…
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PhyxUp closes in on pre-seed round with US advance
PhyxUp dashboard (Courtesy of PhyxUp) PhyxUp Health Inc., an early stage South Korean digital healthcare startup, will soon close a…
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S.Korea’s Hanwha, Doosan to develop fighter jet engines
Engine for the South Korean supersonic fighter jet KF-21 manufactured by Hanwha Aerospace under license deal with GE Aerospace (File…
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Eugene PE, KDB PE to acquire Boryung Biopharma for $231 million
A consortium of Eugene Private Equity and Korea Development Bank Private Equity will acquire 80% of South Korean vaccine maker…
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Affinity to buy Korea’s No. 2 car leasing firm for $591 mn
A SK Rent-a-Car branch for leasing used cars (Courtesy of SK) Affinity Equity Partners will buy a 100% stake in…
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Korea to offer $10.75 bn refund guarantees for shipbuilders
A shipyard in Geoje, South Korea South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund…
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Korea may mandate pension plans for all workplaces from 2025
Yeouido financial district in Seoul South Korea is seeking to introduce corporate pension plans to all workplaces in stages starting…
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Hyundai, Kia to require tougher ESG compliance from subcontractors
South Korea’s top automaker Hyundai Motor Group plans to require stricter environmental, social and governance rule compliance from its partners…
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Affinity fails in Lock&Lock tender offer; eyes equity swap
Lock&Lock’s food storage containers (Courtesy of Lock&Lock) Hong Kong-based Affinity Equity Partners is planning for an equity swap between its…
