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Korea’s top cinema chains seek merger to counter box office slump
South Korea’s two leading multiplex operators Lotte Culture Works Co. and Contentree JoongAng Corp. have tentatively agreed to merge in a bid to counter a prolonged slowdown in domestic box offices, ...
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S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($143 million) in total to offshore middle-market buyout ...
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LG Electronics breaks ground on $600 mn home appliance plant in India
South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 ...
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KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia
KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying ...
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Samsung steps up AR race with advanced microdisplay for smart glasses
Smartglasses (Courtesy of OpenPR) Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itself at the forefront ...
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CJ CheilJedang to open $72 million dumpling plant in Japan
South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 million) investment in a new frozen dumpling plant in Japan, ...
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Coupang’s Q1 revenue up; quarterly dip signals rising competition
Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in first-quarter revenue. The growth was led by its ...