Most Popular
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Dongduk Women’s University halts coeducation talks
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Defense ministry denies special treatment for BTS’ V amid phone use allegations
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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OpenAI in talks with Samsung to power AI features, report says
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Two jailed for forcing disabled teens into prostitution
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South Korean military plans to launch new division for future warfare
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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Kia EV9 GT marks world debut at LA Motor Show
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Teen smoking, drinking decline, while mental health, dietary habits worsen
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US slaps antidumping tariff on S. Korean steel products
[THE INVESTOR] US is to levy antidumping tariffs on South Korean corrosion-resistant steel products, the Korea International Trade Association said on July 22. According to KITA, the United States International Trade Commission ruled that South Korean corrosion-resistant steel was damaging to the US steel industry, and decided to levy the antidumping tariffs. The ITC ruled that Hyundai Steel’s products will be subjected to 47.8 percent, and that produced by Dongkuk Steel Mill to 8.75 percent ant
July 22, 2016
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POSCO to complete feasibility study on Iran project by Sept.
[THE INVESTOR] Steelmaker POSCO said on July 1 that a feasibility study for building a steel mill in Iran will be completed by end-September. The steelmaker said that it will then decide whether to go ahead with the project or not. POSCO also said that although a memorandum of understanding has been signed with Iran’s PKP in May, there has been no other major development since. By Choi He-suk (cheesuk@heraldcorp.com)
July 21, 2016
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POSCO’s Saudi automobile project could face overhaul
[THE INVESTOR] POSCO’s project with Saudi Arabia for developing cars for mass consumption could be overhauled, an executive with the South Korean steelmaker said on July 21. “Many of Saudi Arabia’s high level officials in charge of the project have been changed, so many areas are being reviewed,” POSCO’s Lim Seung-kyu said at an investor relations event. He said that the company is conducting a study to determine the project’s viability three to four years, and more down the line. “We expect a d
July 21, 2016
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Hanwha Defense aims for W2.3tr turnover by 2025
[THE INVESTOR] Hanwha Defense Systems aims to increase its turnover more than four times to 2.3 trillion won (US$2.01 billion) in 10 years, the company announced on July 20. At a ceremony held in Changwon, South Gyeongsang Province, the firm stated a new vision of becoming a global defense industry leader that provides dependable total defense solution. Hanwha Defense states a new visionThis is the first initiative made public since the former Doosan Defense Systems & Technology was taken over b
July 21, 2016
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Creditors may give Hanjin Shipping more time to restructure
[THE INVESTOR] Creditors, led by the state-run Korea Development Bank, plans on giving some breathing room to Hanjin Shipping to stay afloat, by extending the due date of its corporate rehabilitation program. KDB and other banks will convene a meeting sometime this week to extend the initial Aug. 4 deadline by a month for Hanjin Shipping, according to sources. The move will help the ailing shipper to gain more time to improve its financial status to avoid court receivership. Earlier in May, the
July 21, 2016
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Mexico to slap massive anti-dumping tariff on Dongbu Metal
[THE INVESTOR] Dongbu Metal’s high carbon ferromanganese could be subjected to a 35.65 percent anti-dumping tariff in Mexico.According to the Korea International Trade Association and the Ministry of Trade, Industry and Energy, Mexico’s trade commission preliminarily passed the anti-dumping measure on Dongbu Metal’s high carbon ferromanganese. Dongbu Metal has been exporting high carbon ferromanganese to Mexico since July 2014. The South Korean company is reported to have supplied 7,700 metric t
July 20, 2016
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Hyundai Elevator launches in Turkey, gearing up for Europe
[THE INVESTOR] Hyundai Elevator has signed a joint venture agreement with Turkey’s STFA Group in Istanbul on July 19 local time to launch its local operations, it announced on July 20. The Korean company has taken over 51 percent stake in the Turkish group’s subsidiary HMF Asansor and will launch Hyundai Elevator Turkey, aiming to develop the country as “the second home market” and make inroads into Europe as well. Hyundai Elevator headqarter in Ichon“It will top the country’s market share and
July 20, 2016
