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LG Electronics signs deal with Qualcomm on 5G for cars

LG Electronics is collaborating with Qualcomm Technologies for the development of 5G automotive platforms, its senior executive has said, as the Korean tech company tries to expand its presence in the automotive business for future growth.

2021-01-27

Samsung Electronics expected to announce big dividends on Jan. 28

Samsung Electronics is expected to unveil another batch of shareholder-friendly measures, including big dividend payments, later this month, industry sources said Wednesday, in a move to smooth out the group leadership succession.

2021-01-13

Gov't to provide ￦30 trillion in trade financing for green, digital exports

Korea said Wednesday it plans to provide some 30 trillion won ($27.4 billion) in trade financing to promote exports in the green and digital sectors, in line with the government's industrial blueprint.

2021-01-13

Mercedes model first to be replaced under lemon law

Korea's transport ministry said Wednesday that a Mercedes-Benz S Series model became the first model in which the manufacturer will offer an exchange for malfunctions under a local “lemon law.”

2021-01-13

Samsung Display and union sign collective agreement

The management and union of Samsung Display said Sunday that they will sign a collective agreement this week, a first for a company in the Samsung Group, which declared it would scrap its "no labor union" policy last year.

2021-01-10

Economic recovery slows as services still suffer

Korea's economic recovery momentum is slowing as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday.

2021-01-10

Government to increase tax incentives on R&D

Korea will expand tax incentives for companies to increase investments and permit more firms seeking innovative technologies to receive tax credits on research and development (R&D) costs, the Finance Ministry said Wednesday.

2021-01-06

SK Innovation to issue green bond to fund EV battery plant expansion

SK Innovation, a Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won ($1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday.

2021-01-06

Retail sales up 6.3 percent in November as Sale Festa actually works

Retail sales in Korea moved up 6.3 percent in November from a year earlier on the back of the nationwide consumption-boosting events aimed at overcoming the economic jitters from the Covid-19 pandemic, data showed Wednesday.

2020-12-23

Predictions for stock market keep getting rosier

Korean brokerage houses predicted the local stock market would keep rising in 2021, citing signs of a global economic recovery and growing investor appetite for higher returns, data showed Sunday.

2020-12-20

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