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2 weeks ago | 
kedglobal.com | Sookyung Seo
Spot, a quadruped robot developed by Boston Dynamics Inc., will aid defense and safety agencies in Australia, New Zealand and Indonesia to ensure public safety, expanding its presence across the globe and sectors.
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2 weeks ago | 
kedglobal.com | Sookyung Seo
POSCO Group, South Korea’s steelmaking giant, will further bolster its competitiveness in the global steel market and energy value chains through tighter partnerships with international peers, its chairman said during his three-day visit to Australia.
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3 weeks ago | 
kedglobal.com | Sookyung Seo |In-Soo Nam
South Korea’s Constitutional Court permanently removed President Yoon Suk Yeol from office on Friday, making him the country’s second president in Korean history to leave office through impeachment. Eight justices of the Constitutional Court unanimously voted to unseat Yoon for violating "the constitutional order” in his declaration of martial law on Dec. 3, Acting Chief Justice Moon Hyung-bae said in a ruling nationally televised live.
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3 weeks ago | 
kedglobal.com | Sookyung Seo |In-Soo Nam
South Korea’s Constitutional Court permanently removed President Yoon Suk Yeol from office on Friday, making him the country’s second president in Korean history to leave office through impeachment. Eight justices of the Constitutional Court unanimously decided to unseat Mr. Yoon for violating "the constitutional order” in his declaration of martial law on Dec. 3, Acting Chief Justice Moon Hyung-bae said in a ruling nationally televised live.
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3 weeks ago | 
kedglobal.com | Sookyung Seo
It is time to shift focus toward non-US markets after years of stellar performance of US assets driven by the robust world’s No. 1 economy, said Principal Asset Management’s chief executive, adding that digital real estate remains attractive amid the ongoing artificial intelligence boom. “All the attention has been on the US economy and how the US economy was continuing to do.
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3 weeks ago | 
kedglobal.com | Sookyung Seo
DB GlobalChip Co., the chip design subsidiary of South Korea’s chip foundry company DB HiTek Co., has begun mass-producing of organic light-emitting diode (OLED) display driver ICs (DDIs) for smartphones, expanding its presence in the OLED DDI market, the company announced on Wednesday.
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3 weeks ago | 
kedglobal.com | Sookyung Seo
Hahn & Co., South Korea’s largest private equity firm, has finalized the acquisition of SK Specialty Co., the world’s leading producer of specialty gases used in semiconductor and advanced display manufacturing, in a deal valued at 2.6 trillion won ($1.77 billion), the company announced on Monday. Following the deal, the Seoul-based buyout firm controls an 85% stake in SK Specialty, while SK Group holds the remaining 15% stake, according to a company news release.
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1 month ago | 
kedglobal.com | Sookyung Seo
Samsung Group companies will jointly invest $10 million in C2N Diagnostics LLC, a U.S.-based company specializing in blood-based Alzheimer’s disease diagnostics, in their broader push into next-generation healthcare technologies.
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1 month ago | 
kedglobal.com | Sookyung Seo
South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation and sustainable materials as independent firms, the company announced on Tuesday. According to Hyudai Motor, Solarstic, ROAI, HVS and FlexOn will leave its startup incubation ZER01NE Company Builder program to stand alone.
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1 month ago | 
kedglobal.com | Sookyung Seo
The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tech stock rally and projected high market volatility this year amid lingering geopolitical and global economic uncertainties. South Korea’s sole sovereign wealth fund announced Friday that assets under management hit its historic high of $206.5 billion as of December 31, 2024, with an annual investment return of 8.49%.
