cargo unit sale
Scope
Date
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Mergers & Acquisitions
Korean landfill companies put on market after Affirma deal
South Korea’s landfill companies are increasingly being put up for sale, drawing interest from private equity firms and environmental companie...
May 17, 2024 (Gmt+09:00)
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Korean stock market
Samyang tops Korean ramen makers by market cap, beating Nongshim
South Korean food maker Samyang Foods Co., globally renowned for its Hot Chicken Flavor Ramen, saw its stock hit a record high on Friday after it de...
May 17, 2024 (Gmt+09:00)
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Economy
Strong exports power S.Korea’s manufacturing job growth
South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...
May 17, 2024 (Gmt+09:00)
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Business & Politics
Naver to submit remedies to Japan without A Holdings stake sale
LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakeho...
May 15, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha wins fighter jet radar antenna deal from Leonardo
South Korean aerospace and defense contractor Hanwha Systems Co. is set to supply antennas for active electronically scanned array (AESA) radars to ...
May 14, 2024 (Gmt+09:00)
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Earnings
CJ CheilJedang profit beats forecasts on overseas business
South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cut...
May 14, 2024 (Gmt+09:00)
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Business & Politics
Korean government vows stern response to Tokyo’s pressure on Naver
The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...
May 13, 2024 (Gmt+09:00)
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Automobiles
LG Innotek's Nexlide celebrates its 10th anniversary
South Korea's LG Innotek announced on Monday that it will accelerate its global expansion into the automotive lighting market to commemorate the 10t...
May 13, 2024 (Gmt+09:00)
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Real estate
Korea's Taeyoung to sell local hotel to speed up debt workout
South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...
May 12, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Beauty store chain CJ Olive Young to launch Japan unit
CJ Olive Young Corp., South Korea’s largest beauty store chain, will set up a subsidiary in Japan in the first half of this year to mark its f...
May 10, 2024 (Gmt+09:00)
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Electronics
Samsung hits highest US smartphone market share in 4 years
Samsung Electronics Co. has achieved its highest market share in the US smartphone market in four years, thanks to its first AI phone the Galaxy S24...
May 10, 2024 (Gmt+09:00)
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Entertainment
Netmarble sells stake in BTS label HYBE stake for $161 mn
South Korean game developer Netmarble Corp. is selling a stake in HYBE Co., the label behind global K-pop sensation BTS, for 219.9 billion won ($161...
May 10, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm
SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...
May 09, 2024 (Gmt+09:00)
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Fashion
Native Korean fast-fashion brands poised to snatch market
South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...
May 08, 2024 (Gmt+09:00)
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Earnings
Korea Investment sees record quarterly net profit
Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...
May 08, 2024 (Gmt+09:00)
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Corporate strategy
Woongjin reborn as IT solution company beyond education firm
Woongjin Co., better known as the home-study workbook brand Woongjin ThinkBig in South Korea, has been transforming into an information technology s...
May 07, 2024 (Gmt+09:00)
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K-pop
Blackpink label YG to sell drama production unit
K-pop sensation Blackpink’s label YG Entertainment Inc. is slated to sell 60% of its drama production subsidiary Studioplex later this year, t...
May 07, 2024 (Gmt+09:00)
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Markets
Korea to fine Credit Suisse, Nomura $40 mn on short sales
South Korea’s top financial regulator has recently notified Credit Suisse and Nomura Securities of a decision to fine them a combined 54.0 bil...
May 07, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix, Samsung set to benefit from explosive HBM sales growth
Sales of high-bandwidth memory (HBM), the red-hot DRAM product essential to artificial intelligence devices, will significantly grow in the coming y...
May 07, 2024 (Gmt+09:00)
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Korean chipmakers
Jusung Engineering to spin off major units
South Korea's Jusung Engineering Co. plans to spin off its semiconductor, solar, and display equipment businesses and transform into a holding com...
May 03, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s Lotte Card injects $68 mn into Vietnamese unit
Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...
May 02, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia US car sales dip in April; EVs outperform
Hyundai Motor Co. and Kia Corp., under Hyundai Motor Group, suffered a drop in US car sales last month for a second month in a row, while rising sal...
May 02, 2024 (Gmt+09:00)
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Banking & Finance
Korean brokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...
May 02, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility to export nuclear plant equipment to Romania
South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it won a contract with Canadian nuclear reactor manufacturer Candu ...
May 02, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung E&C kickstarts debt workout with loan sale to IGIS
Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...
May 01, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung shifts gears to focus on HBM, server memory chips
South Korean tech giant Samsung Electronics Co. said on Tuesday it will adjust its memory chip product mix to increase the output of advanced memory...
Apr 30, 2024 (Gmt+09:00)
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Artificial intelligence
Vuno, Canon to target AI diagnostic market in Japan
South Korea's medical device startup Vuno announced on Monday that its Japanese partner M3AI signed a memorandum of understanding (MOU) with Canon M...
Apr 30, 2024 (Gmt+09:00)
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Bio & Pharma
Korean botox sales gain momentum in US, China
South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pr...
Apr 29, 2024 (Gmt+09:00)
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Energy
Malaysia, OCI’s base set to beat Chinese polysilicon rivals
SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...
Apr 29, 2024 (Gmt+09:00)
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Earnings
Kia logs record profit, revenue in Q1 on weak won
Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...
Apr 26, 2024 (Gmt+09:00)