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Doosan Corp. (000150.SE) Friday said it has decided not to bid for Novaled AG, a month after a Samsung Group affiliate first expressed interest in the German display manufacturer.Doosan didn't give reasons for its decision, in a filing to the Korea Exchange.Novaled has several business ties with Samsung Group, and counts Samsung Electronics Co. Ltd. (005930.SE) as one of its biggest customers.Samsung Mobile Display in June agreed on a licensing and purchasing agreement with Novaled, and Samsung Venture Investment Corporation is among Novaled's primary investors, showed Novaled's website. Samsung Mobile Display was acquired later last year and is now part of Samsung Display Co.Samsung Group affiliate Cheil Industries Inc. (001300.SE) on April 2 said it was considering bidding for Novaled, and reiterated its interest a month later. Doosan first expressed interest in Novaled in late March.Novaled makes organic light-emitting diode displays. It specializes in OLED research and development,...
Hanwha Chemical Corp. (009830.SE), of South Korea's Hanwha Group, said it has sold a 1.9% stake in affiliate Hanwha Life Insurance Co. (088350.SE) for 115.9 billion ...
Deutsche Boerse AG (DB1.XE) has set up a senior-level task force to explore opportunities in Asia, the chief executive said Wednesday, complaining of regulatory obst...
LG Siltron Inc., a silicon wafer manufacturing unit of South Korean conglomerate LG Group, withdrew its initial public offering plan worth at least $275 million late...
0727 GMT [Dow Jones] The Kospi extends its losing streak to 4 sessions as foreign funds continue to sell, but bank stocks offer some support; the benchmark index clo...
Hana Financial Group (086790.SE), one of top four banking groups in Korea, said Monday it aims to increase its ownership in Korea Exchange Bank (004940.SE) to 100% f...
The Bank of Korea said Sunday it has lent CNY62 million to Korea Exchange Bank (004940.SE) in its first move to utilize the Korea-China currency swap line valued at ...
When South Korean automaker Hyundai Motor Co <005380.KS> announced last month it had overstated the fuel efficiency levels on around one million of its cars in the U...
KB Financial Group (105560.SE), one of the biggest banking groups in South Korea, and the sole bidder for ING Groep N.V.'s Korean life insurance operations, reported...
Hana Financial Group Inc. (086790.SE), one of the four biggest banking groups in South Korea, reported a smaller-than-expected 13.9% year-on-year rise in third-quart...
Shares in Cockatoo Coal Ltd. (COK.AU) soared by a third Wednesday, as the small Australian coal miner started its first investor roadshow in nearly six months with a...
Several Wall Street analysts turned increasingly bullish on Apple's stock on the heels of Friday's patent-infringement ruling against Samsung Electronics Co. Ltd. (0...
Samsung Card (029780.SE) will sell its 3.64% stake in unlisted affiliate and amusement-park operator Samsung Everland for KRW165.85 billion ($140.5 million) to Samsu...
The founder of Celltrion Inc. (068270.KQ) is set to raise $1.4 billion from selling his entire near-30% stake in the Korean drug firm and his interest in the company...
KT Corp. (030200.SE) said Monday that it will drop its initial bid to buy Vivendi SA's (VIVHY) controlling stake in Maroc Telecom (IAM.CL), in what would have been t...
Hyundai Rotem Co., the railway vehicle manufacturing unit of Hyundai Motor Co. (005380.SE), has submitted a preliminary application to the Korea Exchange for a plann...
Samsung C&T Corp. (000830.SE), the construction-to-trading unit of South Korea's Samsung Group, said Thursday it has won a 5.59 billion Australian dollar ($5.8 billi...
President Barack Obama and new Chinese President Xi Jinping spoke on the telephone Thursday about the future of bilateral ties between the two countries, White House...
BOCA RATON, FL. -- Executives from two of Asia's largest financial exchanges on Wednesday outlined plans to expand their presence in commodity derivatives, a segment...
Trading activity on futures and options exchanges around the world dropped by 15% last year as market turbulence calmed and interest rates remained suppressed, accor...
