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  LG Display plans $1 billion additional investment in OLED plant in Viet Nam SEOUL, November 18 (AJP) - LG Display received approval from Viet Nam's Haiphong city authorities on Thursday to invest an additional 1.39 trillion won ($1 billion) over the next five years in its OLED module factory, bringing the company's total investment in Viet Nam to 7.88 trillion won ($5.65 billion). The investment aims to stabilize OLED production operations at the company's Haiphong facility, which was completed in 2017, and strengthen its OLED business competi November 18, 2024
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  LG Energy Solution to supply batteries to Silicon Valley-based robot company SEOUL, November 18 (AJP) - South Korea's LG Energy Solution will supply cylindrical batteries to Bear Robotics, a Silicon Valley-based AI-powered service robot company. LG Energy Solution announced on Monday that it has signed a memorandum of understanding (MOU) with Bear Robotics regarding a battery cell supply agreement and technological collaboration. Starting in 2025, LG Energy Solution will be the sole supplier of cylindrical "2170" lithium-ion batteries, com November 18, 2024
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  South Korea's business chamber sends delegation to COP29 climate talks SEOUL, November 18 (AJP) - South Korea's business lobby Korea Chamber of Commerce and Industry (KCCI) announced on Monday it has dispatched a delegation to the United Nations climate conference COP29 in Baku, Azerbaijan. The delegation includes representatives from major South Korean conglomerates SK Group, LG Group, and HD Korea Shipbuilding & Offshore Engineering Co., who will participate in discussions through Nov. 23 at the conference attended by about 40,000 participa November 18, 2024
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  OPINION: Brazilian presidency of G20 is likely to end with limited results SEOUL, November 18 (AJP) - The G20 Leaders' Summit takes place on Nov. 18 and 19, in Rio de Janeiro, with the presence of leaders of the member countries, plus the African Union and the European Union. The Russian president, Vladimir Putin, will not attend. Putin faces arrest if he travels abroad on a warrant accusing him of war crimes in Ukraine, issued by the International Criminal Court, and will be represented by Foreign Minister Sergey Lavrov. In a simple metaphor, Brazil&# November 18, 2024
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  South Korea, Peru to expand cooperation in defense, critical minerals SEOUL, November 17 (AJP) -- South Korea and Peru agreed Saturday to jointly develop naval vessels and expand cooperation in critical minerals. South Korean President Yoon Suk Yeol and Peruvian President Dina Boluarte signed a joint declaration during their summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum in Lima. "Defense and defense industry cooperation has become a milestone in developing the comprehensive strategic partnership between our two November 17, 2024
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  Yoon, Ishiba express 'strong concern' over North Korean troops in Russia SEOUL, November 17 (AJP) -- South Korean President Yoon Suk Yeol and Japanese Prime Minister Shigeru Ishiba expressed "strong concern" Saturday over North Korea’s troop deployment to Russia to aid its war against Ukraine, Seoul officials said. The two leaders held their second bilateral meeting in Lima on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. "The leaders expressed strong concerns over military cooperation between North Korea a November 17, 2024
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  South Korea, Viet Nam leaders vow to strengthen economic cooperation SEOUL, November 17 (AJP) -- South Korean President Yoon Suk Yeol and Viet Nam's new President Luong Cuong agreed Saturday to strengthen cooperation between the two countries in investment, supply chains and defense, Seoul officials said. The two leaders held their first meeting in Lima on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. "As each other's third-largest trading partners, I expect our nations to continue strengthening cooperation to November 17, 2024
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  Yoon urges China's 'constructive' role over N. Korea's provocations SEOUL, November 16 (AJP) -- South Korean President Yoon Suk Yeol held a summit with Chinese President Xi Jinping on Friday and urged China to play a "constructive role" in addressing North Korea's growing provocations and military cooperation with Russia, Seoul officials said. In response, Xi expressed China's hopes for regional stability and peaceful resolution of Korean Peninsula issues. During the talks on the sidelines of the Asia-Pacific Economic C November 16, 2024
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  South Korea, US, Japan leaders agree to establish trilateral secretariat SEOUL, November 16 (AJP) -- The leaders of South Korea, the United States and Japan agreed Friday to establish a secretariat for trilateral cooperation during their summit in Peru. President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Shigeru Ishiba also condemned North Korea for sending troops to Russia to aid its war against Ukraine and reaffirmed their commitment to the denuclearization of the Korean Peninsula. "Today, we announce the establishment November 16, 2024
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  Samsung to buy back shares worth 10 trillion won to boost shareholder value SEOUL, November 15 (AJP) - Samsung Electronics announced Friday it will buy back shares worth 10 trillion won (US$7.16 billion) to enhance shareholder value following a recent decline in its stock price. The repurchase will be carried out in installments over a one-year period, the Korean company said in a regulatory filing after a board meeting. The surprise announcement came a day after Samsung's shares fell below 50,000 won for the first time in four and a half years, am November 15, 2024