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SK Biopharmaceuticals set to make historic IPO |
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SK Biopharmaceuticals, a drug company researching and developing novel medicines for central nervous system disorders, is set to make a record-breaking initial public offering. On June 24, the second and final day of the company’s subscription-open for individual investors, the proof of means they had to give in order to reserve shares at their original price reached 19.5 trillion won ($16.2 billion) by noon. Speculation surmounted that SK Biopharmaceuticals’ IPO would be a histori |
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Seoul stocks end tad lower on weak export data |
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Seoul stocks down almost 1% on trade woes |
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Seoul stocks up ahead of Q2 earnings season, Fed decision |
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Seoul stocks down on weak Chinese data |
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Seoul stocks rebound on bargain hunting |
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Seoul stocks down for 2nd day ahead of Fed statement |
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Markets |
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Korea’s ant**rust watchdog approves LVMH-Tiffany merger |
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South Korea’s ant**rust watchdog has approved the merger between French multinational corporation LVMH and American jewelry company Tiffany & Co., saying there is no concern of compet**ion restrictions, officials said on June 24. On March 13, LVMH filed a business combination report with the nation’s Fair Trade Commission after signing a deal in November last year to acquire all of Tiffany’s shares. The merger has so far been approved by the authorities in the |
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Startups & Investors |
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Korea to allow conglomerates to own startup VCs |
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South Korea is reportedly working on relaxing financial regulations to allow conglomerates to own venture capital firms for boosting the startup ecosystem, according to news reports on June 22. The government is also preparing measures to prevent side effects that could stem from deep-pocketed businesses owning such investment firms. A working group that will be formed by different ministries and government agencies, including the Ministry of Economy and Finance, Fair Trade Commission and t |
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Markets |
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Tokyo’s bid to replace HK threatens Seoul’s dream of becoming financial hub |
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