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Samsung, SK hynix executives seek waiver from CHIPS Act in U.S. Executives at Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip suppliers, visited the U.S. recently to request for a waiver from its chip rules on China, according to sou..

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Super-rich Koreans eye on growth stocks for investment in 2023 Six out of 10 super rich South Koreans with net assets topping 10 billion won ($8 million) have expanded or plan to expand investments in stocks this year instead of moving to deposits and other safe ..

Kakao Pay reports first profit in 2022, consolidated operating loss at?$36mn Kakao Pay Corp., a mobile wallet subsidiary of South Korea’s platform giant Kakao Corp., managed to swing to profit for the first time on an individual basis in 2022 on the back of rising number of us..

Cheil Worldwide sets up new entity in Morocco for business expansion in emerging South Korea’s top ad house Cheil Worldwide Inc. has set up a new entity in Morocco to expand business in emerging markets in the Maghreb region.The corporation based in Casablanca, Morocco, is Cheil W..

Korea to overhaul trucking sector to end corruptions, ensure drivers’ income Cargo delivery companies that only earn income from “license leasing” will be removed from the industry and the minimum freight rate requirement will also be abolished.The government outlined these ca..

LX Group expands in size, subsidiary performance mixed amid sluggish environment The units under LX Group that separated from LG Group almost two years ago have grown in size but they lost momentum for growth in earnings last year due to the slowing economy.The combined revenue of..

SKC’s profit drops 45% last year on low demand for petrochemicals SKC Co., a chemical unit of South Korea’s No. 2 conglomerate SK Group, reported a 45.1 percent decline in profit last year due to a plunge in demand for petrochemical products.Operating profit in 2022..

OCI to spin off to create holding company in May OCI Co., a South Korean chemical and renewable energy company, is expected to separate some of its operations to create a holding company in May, with vice chairman Lee Woo-hyun stepping into a role a..

Markets

利앷텒�쒗솴 �뺣낫
KOSPI	2,451.71	0.55%
KOSDAQ	772.79	1.51%
Dollar/Won	1,261.00	1.53%

Updated : 07 Feb 6:05pm

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Biz

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Bio&Tech

· Researchers discover new quantum material through ‘spin cloud’ condensation
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Market

· Kakao Pay reports first profit in 2022, consolidated operating loss at?$36mn
· SKC’s profit drops 45% last year on low demand for petrochemicals

Economy

· OCI to spin off to create holding company in May
· Air freight rates halved over the year as Covid premium fades

Seoul

· Korean companies worry about social integration of new recruits in Covid-19 era
· Four out of 10 universities in South Korea may push up tuition fees next year

Asia

· Indonesia trimming palm oil stocks with discounts, India sales
· Jeju Air to open direct Manado-South Korea flight in tourism bid