South Korea

Samsung's Bioepis considers Nasdaq IPO, seeks funds for product development

SEOUL - South Korea's Samsung Bioepis Co Ltd, a developer of generic versions of biotech drugs, said it was considering a Nasdaq IPO - a move that comes as it seeks about $1.3 billion for product development and as the Samsung Group [SAGR.UL] makes a bigger push into biopharmaceuticals.

UPDATE 3-Samsung's Bioepis considers Nasdaq IPO, seeks funds for product development 9:30am BST

* Samsung Bioepis seen having $7 bln market cap -media (Adds revenue target, product pipeline in paragraphs 10-11)

CORRECTED-UPDATE 2-Samsung's Bioepis considers Nasdaq IPO, seeks funds for product development 7:46am BST

SEOUL, June 29 - South Korea's Samsung Bioepis Co Ltd, a developer of generic versions of biotech drugs, said it was considering a Nasdaq IPO - a move that comes as it seeks about $1.3 billion for product development and as the Samsung Group makes a bigger push into biopharmaceuticals.

Asiana faces new class action suit from passengers in 2013 plane crash - lawyer 3:24am BST

SEOUL - South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million (19 million pounds) in damages, a lawyer for the passengers said.

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South Korean Choi wins in Arkansas with late charge 3:15am BST

- South Korea's Choi Na-yeon used her trusty 8 iron to great effect over the closing holes of the Arkansas Championship on Sunday, finishing eagle-birdie-par to claim her second win on the LPGA Tour this season.

Golf-South Korean Choi wins in Arkansas with late charge 3:10am BST

June 28 - South Korea's Choi Na-yeon used her trusty 8 iron to great effect over the closing holes of the Arkansas Championship on Sunday, finishing eagle-birdie-par to claim her second win on the LPGA Tour this season.

Jeonbuk draw leaves coach sick as a parrot 3:06am BST

SEOUL - South Korean champions Jeonbuk Motors missed the chance to put more daylight between themselves and the chasing pack after they had to fight back from two goals down to draw 2-2 with visiting Jeonnam Dragons on Sunday.

Asiana faces new class action suit from passengers in 2013 plane crash -lawyer 3:05am BST

SEOUL, June 29 - South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the passengers said.

Soccer-Jeonbuk draw leaves coach sick as a parrot 2:41am BST

SEOUL, June 29 - South Korean champions Jeonbuk Motors missed the chance to put more daylight between themselves and the chasing pack after they had to fight back from two goals down to draw 2-2 with visiting Jeonnam Dragons on Sunday.

South Korea targets tax exemptions to spur overseas investment 1:00am BST

SEOUL, June 29 - South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus, the finance ministry said on Monday.

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Defiant Greeks rally behind rejection of creditor terms

ATHENS - Thousands of Greeks rallied on Monday behind a 'No' vote in a referendum called for July 5 on the terms of an aid deal offered by Greece's international creditors, a result that risks pushing Athens out of Europe's currency union.