Hyundai Motor Group companies adopt new internal communication tool Three flagship names under Korea’s second largest conglomerate Hyundai Motor Group have been testing out work-only internal messaging platform to separate work and personal messaging.Hyundai Motor, Ki..

Lotte Group likely to gear up overseas expansion, Hotel Lotte IPO Major management moves including delayed M&As and holding structure transition will likely gain traction at Korea’s fifth-largest conglomerate Lotte Group as leadership uncertainties were lifted by th..

Doosan Heavy receives international recognition for its digital solutions Doosan Heavy Industries & Construction Co. has made tangible outcomes in its accelerated digital transformation designed to help power plant operators and builders drive innovative solutions through t..

Meritz Securities buys 24 aircrafts for $686 mn from U.S. lessor ACG South Korea’s Meritz Securities Co. has made full payment of $685.9 million to U.S.-based aircraft leasing company Aviation Capital Group to add 24 airliners to its investment portfolio. The latest..

Samsung Elec to issue software patch to fix fingerprint sensor flaw Samsung Electronics Co. said it will soon release a software patch to fix a security flaw on the fingerprint sensor of its Galaxy S10 smartphone series, moving fast to tackle the technological glitch ..

Daewoong Pharm’s botulinum toxin launched in Canada South Korea’s Daewoong Pharm said on Wednesday its neurotoxin drug Nabota to treat forehead wrinkles has debuted in Canada under the brand name of Nuceiva, marking the first entry of Korea’s homegrown..

LG Uplus-CJ Hello merger hits snag as FTC postpones final approval South Korea’s antitrust watchdog deferred giving a final endorsement to LG Uplus’ takeover of the country’s largest cable TV operator CJ Hello after granting a conditional approval last month. The Fa..

GS Caltex to offer $84.3 mn in maiden green bonds this month GS Caltex Corp. South Korea’s leading oil refiner will offer 100 billion won ($84.3 million) in green bonds to finance environment transition of its manufacturing plant in Yeosu, southern Korea. The..

LG Elec to sponsor ESL Mobile Open with latest dual-screen phones South Korea’s LG Electronics Inc. will support mobile e-sports competition ESL Mobile Open Season3 organized by the world’s largest e-sports company Electronic Sports League to promote its dual-screen..

GS Group chairman advises against hyped fear in coping with challenges Huh Chang-soo, chairman of South Korea’s eighth-largest conglomerate GS Group, warned against excessive fear or blind optimism in combating multiple challenges that have cast dark clouds over Korean I..

Samsung Elec ranks 6th in Best Global Brands 2019, highest in Asia South Korea’s technology giant Samsung Electronics Co. was crowned as the world’s sixth most valuable brand this year with a brand value of $61.1 billion estimated by U.S. brand consultancy Interbrand..

Woori Bank to facilitate penalty-free fund cancellation and up consumer protection South Korea’s Woori Bank will make it easier for investors to pull out of complex funds and toughen marketing guidelines after many consumers – mostly in senior age – have been heavily bur..

Botox maker MedyTox stocks nosedive on recall order of Medytoxin Shares of MedyTox Inc., South Korea’s leading botulinum toxin producer, plunged nearly 10 percent on Thursday after its Botox product ‘Medytoxin’ for overseas shipments received a recall and disposal ..

Cognex of US buys Korean AI startup SUALAB reportedly for around $170 mn Cognex Corporation, a leading U.S. manufacturer of machine vision systems, has offered to buy Korean artificial intelligence startup SUALAB for an estimated 200 billion won ($168.6 million), marking t..

S. Korea’s Mediforum acquires local pharma firms C-TRI, i-World Pharm South Korean bio-pharma company Mediforum Co. has acquired two local pharmaceutical firms C-TRI and i-World, a move that is expected to help it expedite its initial public offering (IPO) process on th..

SK Telecom to expand 5G roaming coverage to 20 countries next year South Korea’s top wireless carrier SK Telecom will increase its 5G roaming coverage in the world by adding popular geographies and partner telcos that support 5G next year, the company’s roaming busin..

HLB, Elevar agree to triangular merger deal to speed up rivoceranib development South Korea’s HLB is gaining speed in its plan to commercially develop a targeted anticancer therapy called rivoceranib through a triangular merger involving its U.S. affiliate and the drug’s original..

Korean network security firm WINS grow 8.5% on increasing 5G capex Korea’s value chain behind 5G network is rapidly growing amid faster-than-expected migration to the next-gen wireless technology in the world’s most connected society.The country’s science ministry ha..

2020 Genesis G70 sedan launches in Korea Genesis, Hyundai Motor’s design-focused luxury brand, has released the 2020 year model of G70 compact sedan with upgraded features. For 2020, the South Korean automaker revamped the model by improvi..

Korean battery majors maintain growth despite sluggish global market South Korea’s electric vehicle battery makers are enjoying strong growth despite sluggish global market due to slowing demand in the United States and China, data showed Wednesday. According to data ..

LIG Nex1 showcases new exoskeleton robot for ground soldiers LIG Nex1 has demonstrated a new powered exoskeleton robot to empower ground soldiers accomplish their mission, showing its rapid extension from precision guided weaponry to personalized combat equipme..

LG Innotek reveals Qualcomm chip-powered 5G communication module for cars LG Innotek Co., the electronic materials and component making unit of South Korean conglomerate LG Group, has developed a fifth-generation communication module that can be applied to vehicles, using Q..

Korean scientists develop replaceable tech on electrode material relied on Japan A group of South Korean researchers has developed a process that would replace electrode materials, a key substance in panel manufacturing that has been heavily relied on Japan for supply. A research..

Korean biopharmas turn active in convenient drug regimens for chronic diseases More and more South Korean biopharmaceutical companies come forward with improved drug delivery to enhance patient convenience in drug treatment that requires long-term administration, such as diabete..

Korean researchers develop `electronic nose` to "smell” lung tumor Korean scientists have developed a cost-effective `electronic nose` that can help diagnose lung cancer through simple breath smell. The Electronics and Telecommunications Research Institute (ETRI), ..

Huons, LIPAC Oncology sign to co-develop bladder cancer drug South Korea’s Huons Co. said on Wednesday it has signed an exclusive licensing agreement with U.S. pharmaceutical company LIPAC Oncology LLC to develop, manufacture and commercialize the latter’s TSD-..

Samsung chases Sony with smallest-yet 0.7μm-pixel mobile image sensor Samsung Electronics under the goal of dominating system chip market by 2030 released a milestone image sensor with the smallest-yet pixel size currently available in the market, enabling handset maker..

Hyundai Mobis develops redundancy brake for full autonomous driving Hyundai Mobis Co., the auto parts unit under South Korea’s Hyundai Motor Group, Thursday said it has developed a redundancy or back-up braking system which works in case of brake failure to compensate..

Hyundai Motor to deploy self-developed center side airbag in new cars Hyundai Motor Group said on Wednesday new passenger vehicle releases will be equipped with self-developed center side airbag to separate the space between driver and passenger and prevent head injurie..

S. Korean research team develops novel kit for early diagnosis of Alzheimer’s A group of researchers in South Korea has developed a novel kit designed to identify Alzheimer’s disease simply from a drop of blood sample, the government said on Monday. According to the Ministry o..

Samsung unveils its first 5G-integrated mobile processor Exynos 980 Samsung Electronics Co. Wednesday announced its mass production of 5G-intergrated mobile processor Exynos 980 powering 5G modem and intelligent processing performance in a single chip. The Exynos 980..

S. Korea to revise bill to enable gene therapy research using gene editing South Korea is seeking to ease legislative restrictions to allow research on breakthrough gene therapies using gene editing and other advanced gene correction tools. The Ministry of Health and Welfare..

Korean-made botox Nabota used in 23,000 cases in U.S. in first 45 days Daewoong Pharm said on Wednesday its botulinum toxin Nabota has been used on more than 20,000 cases across the U.S. in less than 45 days after it hit the American market. According to the South Kore..

Hyundai Mobis to apply self-driving car sensors to commercial vehicles Hyundai Mobis, South Korea’s largest auto parts maker under Hyundai Motor Group, said on Tuesday it will start to mass produce its advanced anti-collision sensors for trucks and other commercial vehic..

Daewoong Pharm’s investigational IPF drug granted orphan status in US South Korea’s Daewoong Pharmaceutical said it received U.S. Food and Drug Administration (FDA) orphan drug designation (ODD) for DWN12088, an investigational drug to treat patients with idiopathic pul..

SK Hynix’s new super-speed DRAM can process 124 full HD movies in a second SK Hynix, the world’s second-largest memory chip provider, has developed a chip with the industry’s highest data transfer rates, which can be an optimal memory solution for high-end graphic processing..

Samsung breaks 100 megapixel barrier in mobile photography for first time Samsung Electronics on Monday announced the launch of 108 million pixel ISOCELL Bright HMX, the industry’s first mobile image sensor that breaks the 100 megapixel barrier. With the latest addition, ..

Samsung BioLogics’ cell culture technique to cut production life by 30% South Korea’s Samsung BioLogics said on Monday its new plant in Songdo has successfully adopted advanced cell growth technology called N-1 perfusion, cutting production time by up to 30 percent.The ce..

Samsung starts mass production of high-performance SSD, high-density DRAM Samsung Electronics on Friday announced its commercial production of the PM1733 PCIe Gen4 Solid State Drive (SSD) and high density RDIMM1 and LRDIMM2 dynamic random access memory (DRAM) for the AMD’s ..

Korean Air completes first flight of unmanned helicopter Korean Air said Thursday it has successfully demonstrated the first flight of its 500MD unmanned helicopter, proving excellent performance and safety with plans to export the new versatile aircraft in..

Ssangyong Motor Q3 losses deepen to crisis-hit levels of 2008 Ssangyong Motor Co., a South Korea-based automaker owned by India’s Mahindra & Mahindra Ltd. which has been in the red for nearly three years, saw losses deepen in the third quarter to perform its wor..

Kakao on path to become largest shareholder of digital-only Kakao Bank Kakao Corp., South Korea’s largest mobile messaging service provider, is set to replace Korea Investment Holdings Co. as the largest shareholder of internet-only bank Kakao Bank, making the first exce..

Hyundai Card to appoint IPO underwriters next month Hyundai Card Co., South Korea’s leading card issuer, will name a lead manager for its initial public offering next month to be ready to go public when market conditions are right, sources said Thursda..

Deloitte Anjin chosen by the Korean authority to audit Samsung Electronics Deloitte Anjin LLC, one of the industry’s top four in South Korea, has been appointed as an outside auditor for the nation’s largest company Samsung Electronics Co. by the Financial Supervisory Servic..

Lime Asset suspends investor redemption on $1.13 bn worth funds amid liquidity woes South Korea’s leading hedge fund Lime Asset Management Co. officially announced restriction to redemption to its fund worth 1.34 trillion won ($1.13 billion) to prevent any principal loss for its inve..

Korea’s top financial groups recapitalized by over $3 bn, likely rev up M&A South Korea’s financial holding entities have bulked up by nearly 4 trillion won ($3.4 billion) this year to strengthen their capital base and build ammunitions for M&As to achieve economies of scale...

Korean gov’t to lift ban on securities firms providing loans to overseas units Big Korean securities companies will be permitted to extend loans to their overseas operations to better finance their global outreach under a government’s proposed act. Hong Nam-ki, Korea’s finance ..

Korean stocks, won gain on U.S.-China mini trade deal South Korean stocks gained more than 1 percent on Monday as investors raised hopes for eased tensions on the trade front after the partial trade deal between the United States and China. The benchmar..

Viva Republica set to buy payment gateway business from LG Uplus Viva Republica, operator of South Korea’s popular peer-to-peer money transfer app Toss, was picked as the preferred bidder for LG Uplus Corp.’s payment gateway service unit, according to industry sour..

Netmarble named candidate to take over for Woongjin Coway Netmarble Corp., South Korea’s leading online game publisher, is set to take over Woongjin Coway, the country’s top home appliance rental service company, through purchase of the controlling stake of ..

Prosecution seeks arrest warrant for CEO of Leed, largely owned by Lime Asset South Korean prosecutors filed for arrest warrants for former and incumbent executives of Kosdaq-listed display equipment maker Leed Corp., a company where Lime Asset Management Co. under an investiga..

Korea’s gaming giant Netmarble joins three-way race for Woongjin Coway South Korea’s leading game developer Netmarble Corp. posed as an unexpected candidate to buy out top rental company Woongjin Coway Co., whose value could reach 2 trillion won ($1.7 billion) in a three..

NH Investment issues industry’s first corporate ESG report in S. Korea NH Investment & Securities Co. released an environmental, social and governance (ESG) report on 15 companies representing each industry on Friday, becoming the first brokerage house in South Korea to ..

Korean financial authorities probe Lime Asset following suspension of fund redemption Lime Asset Management Co. came under investigation by the Korean financial authority after it failed to make payment obligations of 620 billion won ($519.8 million) to its fund investors due to shorta..

Kospi becomes thinner than Kosdaq amid lack of inducement to big Korean stocks Trade remains thin at Seoul’s main bourse, with the secondary Kosdaq market outperforming Kospi on trade turnover amid little signs of upsides to the Korea Inc. and economy. According to the Korea Ex..

Korea’s Hyundai Card readying IPO to enable financial investors to cash out South Korea’s leading card issuer Hyundai Card Co. is readying to go public on the country’s main Kospi bourse to give its financial investors the opportunity to cash out on their investments two year..

Lotte REIT to go public on Kospi in October South Korea’s Lotte REIT, a real estate investment trust under the country`s fifth largest conglomerate Lotte Group, will go public this month to become the country’s biggest REIT listed in the market..

Samsung Elec Q3 preliminary profit at $6.4 bn, up 17% on qtr Samsung Electronics Co. Tuesday projected improved performance in July-September period after losing nearly 60 percent so far in the year against record-high numbers of 2018, on signs of recovery in t..

LG Electronics Q3 OP up near 20% on quarter, sales so far this year best ever South Korea’s LG Electronics Co. projected near 20 percent on-quarter jump in its operating income for July-September period as it continued to strengthen dominance in premium white goods and TV marke..

Gold fund outlook rosy despite correction in gold fund returns in Korea Gold rush has somewhat slowed in Korea amid depressed asset markets with funds investing in gold delivering negative returns, but industry expects the safe asset would likely stay popular among Korean..

Korea’s Sep auto sales up for first time in 8 mos, but exports, output down Domestic sales by Korean car producers increased in September, snapping an eight-month losing streak while Japanese brands sold less than half in Korea against a year-ago period amid unrelenting anti-..

Korea’s export, import prices soften in Sept on strong won South Korea’s export and import prices weakened in September as a stronger Korean won offset the sharp rise in global oil prices, boding ill for the country’s exports that have stayed sluggish through..

Korea’s Sept employment rate best in 23 yrs, but factory jobs keep shrinking South Korea’s employment rate in September showed its best in 23 years, but jobs kept shrinking for the prime working age of 30s and 40s and the manufacturing sector, raising questions in the strength..

BOK pushes policy rate to historic low, reserved about venturing lower The South Korean central bank placed interest rates back at the country’s record low of two years ago, but stayed reserved about venturing into untested levels near zero territory. The Bank of Kore..

Korea’s savings banks subject to 100% loan-deposit ratio rule from 2021 South Korea’s savings bank will become subject to a stricter rule to refrain from lending beyond its assets by facing the same maximum loan-to-deposit ratio of 100 percent as commercial banks from 202..

S. Korean lenders to tighten loan requirements in Q4 amid sluggish economy South Korean lenders are forecast to tighten loan requirements for households and companies in the fourth quarter this year amid the economic downturn that has slowed income growth while increasing cr..

Korean rate to revisit record low of 1.25% via a cut this week: economist poll Korea’s policy rate is expected to revisit the historic low of 1.25 percent as experts generally see a cut at Wednesday’s rate meeting, survey showed. In a poll by Maeil Business Newspaper, eight ou..

Quantitative easing an option to fight back deep recession, deflation: BOK South Korea would consider a quantitative easing or asset purchase program, should the economy fall into serious recession or head towards deflation, hinted members of the Bank of Korea’s (BOK) moneta..

S. Korea’s exports down 8.5% in Oct. 1-10 on slump in chip demand South Korea’s exports in the first 10 days in October fell 8.5 percent on year amid protracted slump in global chip demand, suggesting the losing streak to stretch into 11th month. According to data ..

Korean economy in 7-mo slump to suggest L-shape stagnation: KDI The South Korean economy has been mired in an economic slump for the seventh month, but has not worsened, state think tank Korea Development Institute (KDI) judged to indicate Asia’s fourth largest ec..

FDI commitments in Korea rise for the first time in five quarters in Q3 Foreign direct investment (FDI) to South Korea grew 4.8 percent from a year ago in the third quarter, the first addition in five quarters. According to the Ministry of Trade, Industry and Energy on T..

Korea jumps to 13th in 2019 WEF global competitiveness scale South Korea ranked 13th in this year’s global competitiveness scale, staying top in macroeconomic stability and ICT adoption categories, said the Ministry of Economy and Finance on Wednesday. Accord..

More aggressive fiscal, monetary actions may be necessary if deflation lasts: BOK South Korea’s central bank chief did not think the country’s economic growth would fall under 2 percent this year or negative interest rates to continue, but nevertheless agreed on the need for more “..

Korea’s fiscal deficit hit all-time high of near $20 bn as of August The deficit in South Korea’s consolidated fiscal balance hit to an all-time high of 22.3 trillion won ($18.67 billion) by August this year amid slow tax revenue from economic downturn despite supersiz..

Korea’s goods surplus thins to near 6-yr low, hurting Aug current account The black in South Korea’s current-account balance shriveled to a four-month low in August as a protracted slump in exports delivered the smallest goods surplus in five years and seven months, data sh..

S. Korea’s export drop biggest among top 10 exporters in Jan.-July: WTO South Korea’s exports declined at the fastest pace among the world’s top 10 exporting countries in the first seven months of this year amid escalating trade disputes between the United States and Chin..

Korea’s FSC mulls restricting banks in selling highly risky financial products The Korean government is mulling to restrict banks from selling high-risk products after many Koreans – mostly seniors – were burnt from placing money in exotic derivatives upon urging fro..

Personal bankruptcies of 20s in Korea surge as they lack income, credit record More Koreans in their 20s who mostly have low credit due to shorter financial record have opted to file for personal bankruptcy as the generation struggles to find jobs and make income to meet debt ob..

Korean govt to employ all policy actions to prop up econ: fin min The South Korean government will employ “all possible policy capabilities” to prop up corporate and consumer spending at home and drive exports to prevent a recession in the country that has been witn..

Korea’s business skepticism eases slightly in September South Korea’s business sentiment in September slightly improved from the previous month due to the Chuseok holiday and the launch of Samsung Electronics’ flagship smartphone Galaxy Note 10, although o..

Korea to redesign roads to become self-charging, self-cleaning and self-warming The Korean government envisions smart roads that can charge moving cars on expressways and eliminate dust and other pollutants to keep air around the roads at reasonable level. Under 10-year vision r..

Seoul, Washington sign ministerial MOU on infrastructure cooperation Seoul and Washington will partner to back infrastructure financing in developing economies in South American and ASEAN markets in latest show of unwavering ties between the traditional allies. The Ko..

Drones deployed in S. Korea’s campaign to fight African swine fever spread from NK Drones and high-tech forestry technicians have been deployed along the heavily armed borders between the two Koreas to back Seoul’s battle with the spread of African swine fever believed to have been ..

Korean authority to toughen watch to prevent misselling in financial sector South Korea’s Financial Services Commission (FSC) will toughen supervisory role in the aftermath of banks’ alleged misselling of derivative-linked funds that caused massive losses and Lime Asset Manag..

S. Korean gov`t to lax regulations to enable drone parcel, flying taxi services The South Korean government will ease regulations on drone-powered businesses to enable autonomous drone parcel and flying taxi services in the country, joining the global race to stay competitive in ..

Maximum $84,000 can be fined for short-selling rule violation in Korea: FSC Intentional violation of rules on short-selling in Korea could face fines of up to 100 million won ($84,253) under the revisions to the capital market act proposed by the financial authority. Under ..

Korea seeks to ready a global army of robotics to respond to nuclear disaster Korean researchers took leadership to form an international network to deploy a global army of robotic resources in case of a nuclear power plant disaster like Fukushima in 2011. Korea Atomic Energy..

Korea’s 0.1% richest earn 64 times more than the median in Korea Top 0.1 percent earned 64 times more than median income in Korea in 2017, according to the national tax agency report to a lawmaker of ruling Democratic Party. The total amount of income including e..

Uncertainties lift for Lotte after top court upheld suspended sentence term for chair South Korea’s top court on Thursday upheld a lower court ruling on the suspended sentence for Lotte Group Chairman Shin Dong-bin in relation to the multiple bribery cases that ousted President Park Ge..

Almost 70% of Koreans in favor of mandatory use of real name in cyberspace Seven out of 10 South Koreans want a legal fix to ban anonymous writing and positing on the internet in the aftermath of the death of former girl group member and actress Sulli who became latest celeb..

S. Korea introduces new guidelines to guard against air pollution The South Korean government on Tuesday announced new guidelines to cope with worsening air pollution that has emerged as a major health risk in the country after concentration of fine dust particles h..

Korean consumer agency to mediate in dispute over LG laundry dryers South Korean consumer protection authority will embark on a review for arbitration over dispute over LG Electronics’ laundry dryers. The Consumer Dispute Settlement Commission under Korea Consumer Ag..

First lung disease case reported in Korea with suspected ties to e-cigs South Korea has reported its first suspicious case of lung illness linked to e-cigarettes, raising an alarm in the society where migration to vaping puffs has been fast.The Korea Centers for Disease C..

Korean banks set to test run open banking system on Oct. 30 South Korea is readying to test a singularized banking platform later this month, enabling consumers to run tasks in different banks on one mobile platform. Under the project led by the Financial Ser..

Korean govt to fully digitalize trade procedures by 2021 The South Korean government will back digitalization of exports platform through employment of big data and artificial intelligence to save exporters more than 90 percent in time and cost spent on adm..

Korea accelerates projects to put self-driving cars on the roads The South Korean government has teamed up with city administrations to put self-driving vehicles on the roads.The Ministry of Trade, Industry and Energy on Monday signed a memorandum of understanding ..

S. Korean president likely to give Japanese emperor`s enthronement event a miss South Korean President Moon Jae-in is expected be excuse himself from the ceremony of enthronement of Japan’s Emperor Naruhito on Oct. 22, sending possibly Prime Minister Lee Nak-yon as his substitute..

S. Korean gov’t to release supplement measure for 52-hr workweek rule The South Korean government is mulling various options to mitigate burden on small employers facing statutory 52-hour workweek rule from next year, deputy prime minister Hong Nam-ki said Friday. His ..

Maekyung Media Group inks sponsorship agreement with XTC Maekyung Media Group on Friday announced the signing of a sponsorship agreement with the Extreme Tech Challenge (XTC), a nonprofit devoted to promoting education and science through its global startup..

FSC Chairman hints at tightening PEF rules for investor protection Eun Sung-soo, chairman of the Financial Services Commission, has hinted at tightening control over private equity funds (PEF) to protect retail investors amid growing controversies over PEF investment..

Foreign investors turned net buyers of Malaysia`s debt securities Foreign investors turned net buyers of Malaysia`s debt securities in September with total foreign holdings expanded to RM189.1 billion. This is after FTSE Russell decided to keep the country in the..

Viet Nam, Cambodia issue joint statement Viet Nam and Cambodia have issued a joint statement on the occasion of the Viet Nam visit by Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen from October 4-5 at the invitation of h..

Myanmar, Thailand accelerate plans to link, electrify Dawei SEZ Myanmar and Thailand will speed up development of a Special Economic Zone (SEZ) and deep sea port at Dawei in Tanintharyi Region, officials said during the 9th Myanmar - Thailand Joint Coordinating Co..

BoT optimistic about Q3 growth on tourism, stimulus Thailand`s economic growth in the third quarter is likely to improve from the second quarter`s reading, mainly thanks to positive tourism growth and the government`s economic stimulus measures, says t..

Vietnam GDP in first three quarters climbs to 9-year high Local gross domestic product (GDP) climbed nearly 7 per cent in the first three quarters of 2019, reaching its highest level for the last nine years. Director General of the General Statistics Of..

Evergrande partners with global leading automotive firms to bolster new energy vehicle dev. China`s conglomerate China Evergrande Group has joined hands with the world`s five leading automotive engineering and technology enterprises to further optimize its industrial chain layout in the new ..

Myanmar launches workplace guide to respecting local culture Foreign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potent..

Myanmar vows to take stricter action on illegal trade Myanmar will take strict action against illegal trade with the aim of substantially reducing the volume of fake or illegal products entering the market, said U Soe Win, Minister of Planning and Financ..

Thailand hosts 37th ASEAN Ministers on Energy Meeting Country Thailand`s Ministry of Energy has showcased its success in nominating Thai enterprises to win ASEAN Energy Awards 2019, with a total of 23 qualifying firms, setting a record for the highest number of ..

Cambodia Government unveils tourism masterplan to increase visitors The government is set to roll out the Four-Strategic Plan for Tourism Development aimed at reviving tourism in the Kingdom`s northern provinces, an inter-ministerial committee meeting has decided. ..

Malaysia eyes higher electricity output from renewable sources Plans for the development of solar and other renewables remain less well developed in Malaysia, Indonesia and the Philippines, accoridmng to The Economist Intelligence Unit. Indonesia and Malaysia ..

VN, Cuba seek to expand investment, trade ties Trade and investment ties between Viet Nam and Cuba are not commensurate with their potential and there is a lot of room for them to grow, a seminar on business co-operation opportunities between the ..

Viet Nam`s PMI falls to 51.4 in August The Vietnam Manufacturing Purchasing Managers` Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in busin..

Myanmar steps up on company director accountability Company directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Comp..

South Korea-Thai MoUs set for signing Thailand is scheduled to clinch six memorandums of understanding (MoUs) with South Korea on Monday on smart cities; Industry 4.0; education; water development; rail, transport and infrastructure devel..

CIMB Group targets up to 7.0 pct loan growth this year CIMB Group Holdings Bhd has targeted a six per cent to seven per cent loan growth this year. Group chief executive officer Tengku Datuk Seri Zafrul Aziz said for the first six months of the year, C..

Viet Nam, Malaysia agree to deepen strategic partnership Prime Minister Nguyen Xuan Phuc and his Malaysian counterpart Mahathir Mohamad agreed to further deepen the Viet Nam-Malaysia strategic partnership during their talks in Ha Noi on Tuesday. The talk..

Myanmar woos Thai investors in Bangkok Myanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of signific..

India, Philippine central banks to cut rate, Bank of Thailand waits Central banks in emerging Asia are poised to cut interest rates as they bolster their economies against a wave of global threats. India and the Philippines are expected to cut rates by 25 basis poi..

Cambodia Ministry: SMEs vital to economy, but 95% not registered Small and Medium Enterprises (SMEs) are key factors in the Kingdom`s industrial sector growth, but around 95 per cent of Cambodia`s SMEs have not been properly registered, the Ministry of Industry and..

Seoul sponsors K-wave fair in Dubai to expand Korean soft power in Middle East South Korean culture and business fair has kicked off in Dubai, the United Arab Emirates to help Korean small and medium-sized corporate inroads into the Middle Eastern market on the back of K-beauty ..

SuperM’s debut album scores No. 1 on Billboard 200 albums chart in first week New K-pop act SuperM has zoomed up to No. 1 on Billboard 200 albums chart. ‘SuperM: The 1st Mini Album,’ the first mini-album of SuperM, sold 168,000 equivalent album units in the first week since O..

SM Enter’s “Avengers” SuperM makes US TV debut through Ellen Show K-pop boy group SuperM consisting of some of the most popular faces of South Korea’s SM Entertainment made their American television debut through NBC popular talk show ‘The Ellen DeGeneres Show’ on W..

K-pop icon BTS to sport Fila brand from next year K-pop superstar BTS has become the new face of sportwear brand Fila. Fila Korea announced Tuesday that the seven-member boyband will work together as its new global brand ambassador. Their collaborat..

SM Entertainment to create K-pop inspired contents with Marvel K-pop stars will be converted into heroes with the help of Hollywood names Marvel Entertainment and CAA, according to Lee Soo-man, the founding chairman and executive producer of South Korea’s leading..

BTS’s “Blood Sweat & Tears” music video gathers 500 mn views, the group’s 8th The music video for “Blood Sweat & Tears,” a 2016 song by South Korean boy group BTS, has surpassed 500 million views on YouTube on Wednesday, becoming the group’s eighth video to hit the threshold. ..

Naver Webtoon tops global online comic charts, sales to hit $502 mn this year Naver Webtoon, online comic publisher under Korea’s top internet platform Naver, eyes global revenue of 600 billion won ($502 million) this year as it sweeps comic rankings across the world. The co..

BTS producer Big Hit to go on a global search to debut a girl group in 2021 Big Hit Entertainment Co., South Korean agency behind K-pop superstar BTS, will go on a global search to put together a female version of the K-pop boy band BTS by 2021. Big Hit Entertainment said on..

MBN’s weekly drama “Graceful Family” gains huge popularity overseas “Graceful Family,” a new weekly drama series on Maeil Broadcasting Network (MBN), a general programming cable TV channel in South Korea, is gaining huge popularity overseas amid the booming K-drama in..

Korean film “Parasite” gets invitations from multiple film festivals in N. America Cannes-winning movie “Parasite” has received invitations from multiple film festivals held in North America ahead of the Korean film’s official debut in the region on Oct. 11, its distributor CJ Enter..

TWICE “Likey” MV draws 400 mn views on YouTube JYP label K-pop star girl group TWICE has set a new record with the video of its first album title “Likey” topping 400 million views on YouTube on Thursday. The music video for “Likey,” the main tra..

BTS creator Big Hit posts record-high H1 earnings, plans TV drama on BTS boys South Korea’s Big Hit Entertainment Co., an unlisted agency behind K-pop superstar BTS, will strengthen intellectual property (IP) business by enhancing artists’ brand value, the company founder and c..

KCON on global tour 2019 achieves 1 million accumulated viewers KCON, the world’s largest festival on Korean pop culture in its eighth year, has attracted an accumulated 1 million audience from all around the world this year, with the bulk coming from America, acc..

BTS gives last show at Lotte Family Concert before going into break K-pop superstar BTS ended its extraordinary two-year streak on global music charts and stages with an act on the finale of the three-day Lotte Duty Free Family Concert, an annual music festival reward..

Korean independence battle movie opens No.1 in box office amid anti-Japanese fervor A movie about the Korean independent militia’s biggest victory against Japanese forces during the Japanese rule topped the South Korean box office as its release came at a time when past issues hit a ..

Home movies set to be blockbusters hopes to revive Korean film winning streak “Exit” and “The Divine Fury” have opened the second-half Korean screen calendar in buoyant note to raise hopes for a bumper year for Korean movies. According to data compiled by the Korean Film Coun..

BlackPink’s “Kill This Love” MV tops 500 mn views for YouTube record K-pop star BlackPink has made another milestone achievement Thursday, with music video for “Kill This Love” topping 500 million views on YouTube in 111 days of release. Around 1:38 a.m. on Thursday,..

Actor Don Lee confirms to star Marvel Studios “The Eternals” Korea-born muscleman Don Lee, known as Ma Dong-seok in Korea, has been confirmed to star in Marvel Studios’ new ancient, super-powered humans film “The Eternals” set for November 2020. Lee will make..

BTS to hold solo concert in Saudi Arabia Women still must keep themselves hidden under full-length black robe when attempting outside in Saudi Arabia, but that cannot be a hinder to the chance to see K-pop superstar BTS perform for the first..

Actor Lee Min-ho, new face of Shinsegae Chosun Hotel South Korean actor Lee Min-ho is the new face of Shinsegae Chosun Hotel, hotel operating unit of the country’s retail conglomerate Shinsegae. The company announced Thursday it will launch marketing ..