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2 weeks ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Hanwha Aerospace announced a detailed investment plan centered around the United States on Tuesday after filing a revised capital increase plan worth 3.6 trillion won ($2.4 billion).
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2 weeks ago | 
koreajoongangdaily.joins.com | Lee Jae-Lim |Park Eun-Jee
Korea’s shipbuilding industry, recently thrust into the global spotlight amid repeated praise from U.S. President Donald Trump, has grown to match world-class standards over the past six decades — driven by strong government backing under former President Park Chung Hee and bold investments by major conglomerates.
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2 weeks ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Home > Business > Economy dictionary Audio report: written by reporters, read by AI The main Kospi index plunged below the 2,400 threshold on Monday, prompting the authorities to activate the sidecar mechanism and to place 100 trillion won ($73 billion) in stability funds at the ready. The won also sharply depreciated against the greenback to close at 1,467.8 won, up 33.7 won, marking the biggest one-day drop since March 19, 2020.
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3 weeks ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Foreign direct investment (FDI) pledges to Korea fell 9.2 percent in the first quarter from a year earlier amid economic uncertainties at home and abroad, the Ministry of Trade, Industry and Energy said Thursday. Korea received $6.41 billion worth of FDI commitments in the January-March period, compared with $7.05 billion logged a year earlier, according to the industry ministry.
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4 weeks ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Lotteria, a burger chain operated by Lotte Group's affiliate Lotte GRS, will raise the prices of its main products next week to pass higher costs onto customers, Lotte GRS said Friday. The franchise will raise the prices of 65 items, including 23 burgers, beverages and desserts, by an average of 3.3 percent from Thursday, the operating firm said in a press release.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee |Shin Ha-Nee |Kim Ju-yeon
Home > Business > Industry dictionary PARK EUN-JEE SHIN HA-NEE KIM JU-YEON 김병주 MBK 파트너스 회장 [중앙일보] Godfather or nemesis? Korea's richest man stands on a precipice 대부인가 천적인가?
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Home > Business > Industry dictionary Korea's Fair Trade Commission (FTC) has imposed a corrective order and a fine of 390 million won ($290,000) on Kakao Entertainment for misleading online advertising designed to boost the popularity of music it distributes. The decision marks the first time the antitrust regulator has sanctioned deceptive advertising in the pop music industry.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Home > National > Social Affairs dictionary Two wildfire fighters lost their lives and another two went missing on Saturday, as the Korean government declared a state of disaster in response to wildfires spreading across southeastern regions. The affected areas include Ulsan, Uiseong in North Gyeongsang, and several other cities throughout the Gyeongsang region.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee |Shin Ha-Nee |Kim Ju-yeon
Michael ByungJu Kim, better known as Kim Byung-ju in Korea and Michael Kim in the United States, currently has a higher net worth than all of Korea's richest people, according to the Forbes Real-Time Billionaires List, after charting a hugely successful yet controversial path in private equity.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Trading on Korea’s main Kospi bourse was halted for seven minutes on Tuesday, hampering investors’ buying and selling on the home trading system of major brokerages. The stoppage took place at 11:37 a.m., but resumed at 11:44 a.m. Other exchanges, including the secondary Kosdaq and alternative stock-focused Nextrade, operated normally. The Korea Exchange, the operator of the indexes, said that it is looking into the cause and will make an announcement soon.
