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1 month ago | 
kedglobal.com | Lan Heo |Seo-woo Jang |Si-eun Park
A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, although he still faces a Constitutional Court trial over his failed attempt to impose martial law last December. The Seoul Central District Court said in a statement that it accepted Yoon’s petition in February to cancel his custody.
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2 months ago | 
kedglobal.com | Lan Heo |Seo-woo Jang
South Korea’s major law firms saw rapid growth in revenue last year as the economic slowdown sparked business overhauls at top conglomerates, with some leading companies grappling with management disputes. While Kim & Chang solidified its No. 1 spot in the domestic legal service market, second-ranked Lee & Ko made significant strides with high-profile M&A deals.
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Oct 22, 2024 | 
kedglobal.com | Gyeong-Jin Min |Lan Heo |Ji-hye Min |Seo-woo Jang
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the Northeast Asian country’s heavy inheritance and gift taxes. The cases of South Korean emigrants with assets of 100 billion won ($72.4 million) from Asia’s fourth-largest economy to the city-state were estimated to hit a record high last year, indicating Seoul’s high inheritance and gift taxes may have accelerated the exodus of the local rich, lawyers said.
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Sep 27, 2024 | 
kedglobal.com | Seo-woo Jang
Elliott Investment Management Corp. has lost a lawsuit against Samsung C&T Corp. to seek a 26.7 billion won ($20.2 million) in compensation with connection with the latter's merger with Cheil Industries Corp. in 2015. The Seoul Central District Court on Friday rejected Elliott’s claim that Samsung C&T owed it 26.7 billion won, the difference between the prices Samsung had paid to the US activist fund and to other shareholders opposing the two Samsung arms' combination to buy back their shares.
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Sep 4, 2023 | 
newsdirectory3.com | Seo-woo Jang
G20 Summit Faces Uncertainty as Chinese President Xi Jinping Declines AttendanceAs news spreads that Chinese President Xi Jinping will not be attending the upcoming G20 summit in New Delhi, concerns are emerging about the future of the renowned gathering.
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Apr 24, 2023 | 
kedglobal.com | Jeong-Soo Hwang |Seo-woo Jang
South Korean President Yoon Suk Yeol on Monday kicked off a six-day state visit to the US with tough tasks for pending issues: finding diplomatic solutions for Korean chipmakers caught in the escalating faceoff between Washington and Beijing. Making his diplomatic efforts more complicated, the Financial Times on Monday reported that the White House has asked Seoul to urge its chipmakers not to fill any market gap in China if Beijing bans Micron Technology Inc. from selling chips.
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Mar 31, 2023 | 
kedglobal.com | Seo-woo Jang
Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (petroleum and chemical product carriers) carriers with an African shipper. The deal is worth 240.1 billion won ($184 million), the company said on Friday. The ships will be built at Hyundai Mipo Dockyard's Ulsan location and delivered to the shipowner from the second half of 2025.
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Mar 31, 2023 | 
kedglobal.com | Seo-woo Jang
South Korea's Doosan Mobility Innovation (DMI), a hydrogen fuel cell-making subsidiary of Doosan Corp., on Thursday announced a partnership with the Massachusetts Institute of Technology Electric Vehicle Team (MIT EVT) to jointly develop a hydrogen fuel cell-powered motorcycle. The two-wheeled vehicle, designed and developed by MIT EVT, will incorporate DMI's hydrogen fuel cell power pack module, DM15.
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Mar 31, 2023 | 
kedglobal.com | Seo-woo Jang
LIG Nex1 Co. and Republic of (South) Korea Air Force Academy have agreed on close cooperation in joint research on defense technology and personnel exchanges for operating advanced weapons systems of the future. The aerospace and defense company on Friday said it signed a memorandum of understanding with the academy on presenting the direction of development of the Air Force's weapons system through joint research and creation of the operating concept of advanced weapons systems of the future.
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Mar 30, 2023 | 
kedglobal.com | Seo-woo Jang
SK Innovation Co. is set to consider providing stocks of its electric vehicle battery subsidiary to its shareholders when SK On Co., the world’s fifth-largest cell manufacturer, is listed, sending the share price of the leading South Korean refiner to a seven-month high. SK Innovation said on Thursday it will consider a tender offer to buy back its own stocks from shareholders and make payments with SK On’s stocks instead of cash to boost shareholder value.
