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Activist fund KCGI to buy Hanyang Securities for $180 mn
KCGI CEO Kang Sung-boo (File photo by Eun-Koo Kang) South Korean private equity firm KCGI Co. is likely to acquire…
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EcoPro BM may cut battery materials capacity on EV slowdown
EcoPro BM headquarters in South Korea (File photo) South Korea’s leading battery materials maker EcoPro BM CO. is considering reducing…
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S.Korea fines AliExpress $1.4 mn for alleged privacy breach
AliExpress ad in South Korea South Korea’s privacy authority punished AliExpress including a fine of $1.4 million for allegedly not…
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High power bills drive Korean manufacturers out of country
Samsung Electronics semiconductor complex in Taylor, Texas under construction (File photo by EPA/Yonhap) South Korean manufacturers moved abroad as electricity…
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A North Korean Diplomat Managed a Rare Defection: A Flight Out of Cuba
Ri said he had become disillusioned by North Korea’s political system. PHOTO: AHN YOUNG-JOON/ASSOCIATED PRESS SEOUL—A North Korean diplomat posted in Cuba…
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Kyobo Life nurtures 136 startups over 7 years
7th Impact-Up Demo Day South Korea’s Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups)…
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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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HBM chip war intensifies as SK Hynix on hunt for Samsung talent
SK Hynix’s advanced chipset South Korean chipmaker SK Hynix Inc., just like its global peers, has largely designed and produced…
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SK Hynix develops SSD for AI PCs to mass-produce this year
(Courtesy of SK Hynix) South Korea’s SK Hynix Inc. introduced a solid-state drive (SSD) for on-device artificial intelligence PCs for…
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Lotte Energy Materials sets sights beyond copper foil: CEO Kim
Lotte Energy Materials CEO Kim Yeon-seop at InterBattery Europe 2024 in Munich, Germany MUNICH – Lotte Energy Materials Corp. is…
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Uniqconn raises $7 mn in Series A round
South Korea’s system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A…
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Hyundai, Hanwha in uphill battle vs Japan for A$11 billion frigate deal
A 1,500-ton landing ship (from the top), a 3,400-ton frigate and a 2,200-ton deepwater guard ship built by HD Hyundai…
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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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Korea’s short-selling ban impedes MSCI index upgrade
Trading room at Kookmin Bank branch in Yeouido, the finacial district in Seoul on June 7 (Courtesy of Yonhap) South…
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Wework closes major office in Seoul for restructuring
WeWork Euljiro (File photo, courtesy of WeWork Korea) Coworking space operator WeWork Inc. is slated to shut down a major…
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LG Uplus analyzes ad performance with GenAI
South Korea’s LG Uplus Corp. announced on Monday that it has introduced generative AI technology to its integrated advertising platform…
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Korean catering firm Ourhome CEO to leave amid sibling feud
Ourhome headquarters in Seoul (File photo by Byoung-Eon Kim) South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice…
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LY vows to keep Line Plus as Naver-SoftBank breakup drags on
Line Plus headquarters in Pangyo, South Korea (Courtesy of Yonhap) Japan’s LY Corp., the operator of the country’s top mobile…
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LG ends XR partnership with Meta; Amazon emerges as new partner
A headset using LG Display’s OLED on silicon (OLEDoS) technology South Korean tech giant LG Electronics Inc. has ended its…
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Hyundai’s first full-size electric Genesis GV90 to roll out in late 2025
The rear of the Genesis Neolun Concept unveiled in March The Genesis, Hyundai Motor Co.’s standalone premium brand, will launch its…
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Naver to submit remedies to Japan without A Holdings stake sale
Naver headquarters in South Korea (Courtesy of Yonhap) LY Corp., the operator of Japan’s popular messenger app Line, is expected…
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Korean government vows stern response to Tokyo’s Naver handling
Sung Tae-yoon, director of national policy at South Korea’s presidential office, holds a press briefing on Seoul’s response to the…
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Japan’s pressure mounts on Naver as LY CEO demands ties cut
The logos of the mobile messenger app Line and Yahoo! Japan are seen in this November 2019 file photo (Courtesy…
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South Korea to accept Indonesia’s KF-21 project cost cut proposal
The KF-21 Boramae, South Korea’s first domestically developed fighter jet South Korea plans to accept Indonesia’s request to cut its…
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Biden exempts graphite from EV mineral sourcing rule; win for Korea
Korean Industry Minister Ahn Duk-geun (left) shakes hands with US Commerce Secretary Gina Raimondo in Washington, D.C. on April 12,…
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Japan’s request to shed Naver’s Line control ‘unprecedented’: CEO
Mobile messenger app Line (right) is indirectly owned by Korea’s Naver and Japan’s SoftBank (Courtesy of Nikkei) TOKYO – South…
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Korean battery maker SK On expects business turnaround in H2
SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects…
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KT&G faces $2 bn damages suit over heated tobacco invention
The lil AIBLE, KT&G’s heat-not-burn cigarette device (File photo, courtesy of Yonhap) KT&G Corp., the world’s fifth-largest tobacco maker, is…
