March 28, 2024

Hanmi-OCI merger plan scrapped after shareholders vote

The integration plan between major South Korean pharmaceutical firm Hanmi Pharmaceutical Group and chemical company OCI Group was halted Thursday following the opposition’s victory in a voting battle.

At a shareholders’ meeting of Hanmi Science Co., …

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Seoul shares down slightly in late-morning trade

South Korean stocks traded slightly lower later Thursday morning led by losses from large-cap shares, such as techs and battery makers.

The benchmark Korea Composite Stock Price Index (KOSPI) had decreased 5.55 points, or 0.2 percent, to 2,749.56 as …

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Chinese part of Mt. Paekdu named UNESCO global geopark

The Chinese part of Mount Paekdu has been listed as one of UNESCO’s new global geoparks in the name of “Mount Changbaishan,” the U.N. cultural agency’s website showed Thursday.

UNESCO’s Executive Board has endorsed the addition of 18 sites to the UNE…

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Gov’t vows zero tolerance for election crimes

In time for the launch of the April 10 general elections’ official campaigning, the government issued a statement on Thursday vowing to punish all illegal acts related to the elections under the zero tolerance principle.

The government will intensive…

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