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Dunamu, operator of South Korea’s largest cryptocurrency exchange Upbit, said Friday it had partnered with global payments provider Visa to develop financial and payment services using stablecoins and AI. The companies unveiled a road map for the partnership on Thursday at Visa’s Global Market Support Center in San Francisco. Dunamu’s digital asset technology will be combined with Visa’s global payments network to explore stablecoin-based payment and remittance services in major markets. The two
KB Financial Group's next chairman will be chosen from three candidates, including the incumbent Chairman Yang Jong-hee, the banking group announced Thursday. Following a meeting of its chairman candidate recommendation committee, the group announced that the field of candidates has been narrowed down to three people, including Yang, Lee Jae-keun, chief business officer of global, wealth management and corporate finance, and former Woori Bank CEO Kwon Kwang-seok. The decision was made after cond
Samsung Biologics is planning to raise over 3 trillion won ($2.2 billion) through a share offering to fund its acquisition of a peptide manufacturer and a new production campus, as competition among global drugmakers intensifies. In a regulatory filing Friday, Samsung Biologics said its board approved the offering, issuing 2.27 million new shares at 1,322,000 won apiece, a 15 percent discount that will expand its share count by 4.9 percent. Of the proceeds, 2.71 trillion won will fund the acquis
South Korea's National Pension Service posted a 27.22 percent investment return in the first half of the year, driven by a sharp rally in domestic stocks, the pension fund said Friday. The return was well above the 18.82 percent return the NPS recorded for all of 2025, which in turn had marked its highest annual return since the fund was established in 1988. The fund's assets stood at 1,866 trillion won ($1.35 trillion) as of end-June, up from 1,458 trillion won at the end of last year. Domestic
SK hynix has formally recognized a newly formed union representing production and office workers, while making clear that the group has no bargaining rights in the chipmaker’s ongoing wage negotiations. The company confirmed the legal status of the Hynix Integrated Labor Union in a letter sent Wednesday, according to industry sources Friday. The union, established earlier this month, has about 3,470 members, or roughly 10 percent of SK hynix’s workforce. The recognition comes after members of an
AbTis, a South Korean biotechnology company developing antibody-drug conjugate technologies, said the US Patent Trial and Appeal Board has upheld its US patent covering the company’s exclusive AbClick platform. The review was initiated by Anjinmoto, which asserted that the patent failed to meet US requirements for written description, enablement and definiteness under Section 112 of the US Patent Act. They also claimed challenges based on anticipation under Section 102 and obviousness under Sect
Doosan Group said Thursday it would provide $5 million in emergency aid to Nepal’s Rasuwa district, where devastating flash floods struck a hydropower construction site and left six employees of its affiliate Doosan Enerbility missing. The contribution will be used to support search and rescue operations and other recovery efforts. “We hope the assistance will help enable a swift response and recovery from the large-scale disaster that occurred so suddenly,” a Doosan official said. On Wednesday,
Recent research suggests red ginseng could help reduce fatigue, as prolonged heat and tropical nights leave more people struggling with poor sleep and low energy. A 2025 study published in the Journal of Ginseng Research followed 46 adults aged 40-60 who regularly experienced fatigue. Participants were randomly assigned to receive either red ginseng extract or a placebo for three weeks. By the end of the trial, the red ginseng group recorded significantly lower scores on a visual analog scale us
Shinsegae Group's e-commerce unit SSG.com is dividing into two companies, splitting fashion, beauty and lifestyle into a separate platform while holding onto its grocery-focused marketplace. The company said Thursday that its board approved spinning off its lifestyle business into a new company, tentatively named Shinsegae Mall, which will operate as a premium e-commerce platform for fashion, beauty and lifestyle goods. The existing entity keeps the SSG.com name as a marketplace built around gro
South Korean companies Doosan Enerbility and Korea South-East Power Co. dispatched emergency response teams to Nepal on Thursday after nine Korean workers went missing when devastating flash floods hit the Himalayan country. Of the nine workers missing since Wednesday’s floods, six are employees of Doosan Enerbility and three are from state-run KOEN. All nine had been working on the Upper Trishuli-1 hydropower project in Nepal’s Rasuwa district. Doosan Enerbility sent a team of eight officials,
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