S. Korea’s Hyundai Motor exports first hydrogen trucks to Switzerland South Korea’s top carmaker Hyundai Motor Co. has shipped 10 hydrogen-powered trucks to Switzerland, its first overseas market in the category it has pioneered.Hyundai Motor which established the world..

AJ Group consortium to take over Daelim Motorcycle for shift to future mobility South Korea’s AJ Group has accelerated its transition to future mobility services from car rental operator and is set to take over the country’s top motorbike maker Daelim Motorcycle Co. together with..

Hyundai Motor to discuss alliance with SK, achieving power front with 3 battery majors South Korea’s automaking conglomerate Hyundai Motor has gained a meaningful lead in power ammunition in future mobility as its head meets with his counterpart from SK Group this week to achieve partne..

Posco Chemical breaks ground for EV battery anode material factory in Korea Posco Chemical Co., the refractory and secondary battery materials arm of South Korea’s steel giant Posco, will invest 217.7 billion won ($181.4 million) to build an artificial graphite anode material..

NHN PixelCube, NHN Starfish merged under NHN’s mobile game biz NHN PixelCube, an online game publishing subsidiary of South Korea’s leading game and online service provider NHN Corp., is merged with its sister company NHN Starfish under the parent company’s reorg..

Doosan Heavy I&C wins $58mn power equipment order in UAE South Korea’s Doosan Heavy Industries & Construction Co has bagged $70 billion ($58 million) order to supply power-generating equipment in the United Arab Emirates. The deal is to provide a 270-megaw..

Five contenders shortlisted for Korea’s top waste water treatment firm EMC Holdings Five companies, including major private equity firms (PEF) at home and abroad and infrastructure funds, have been shortlisted to compete for EMC Holdings Co., South Korea’s leading waste water treatme..

Jeju Air`s takeover deal of Eastar Jet on the verge of collapse Jeju Air Co. has threatened to walk away from its planned takeover of Eastar Jet Co. unless the latter settles its entire debt by July 15, issuing a final ultimatum to the cash-strapped budget carrier..

Hyundai Mobis to invest $20 mn in two U.S. venture capital funds South Korea’s top auto parts maker Hyundai Mobis Co. will invest a combined $20 million in two U.S. venture capital funds as part of efforts to stay competitive in the race for future mobility technol..

Hyundai Glovis wins exclusive deal to deliver Volkswagen Group cars Hyundai Glovis Co., a supply chain management and logistics unit of South Korea’s Hyundai Motor Group, has clinched a long-term, exclusive delivery deal that could reach up to 518.2 billion won ($431...

Korea’s auto sales dip 19.2% in June, 21.5% in H1 on virus-led export plunge Auto sales of five Korea-based car manufacturers plunged 19.2 percent on-year in June and 21.5 percent in the first six months, boding poor second-quarter results amid still sluggish demand from overs..

Samsung Electronics to add 1,000 to tech talent pool for AI, chip design this year Samsung Electronics Co. is ramping up its talent pool of scientists and engineers this year as part of efforts to build up competency in artificial intelligence (AI) and other next-generation technolo..

Samsung Display to mass produce 65-inch QD panel in 2021 at new factory Samsung Display Co., the display panel making affiliate of Samsung Electronics Co., is accelerating its conversion of liquid crystal display (LCD) manufacturing facilities into quantum-dot (QD) displa..

S. Korea’s first online bank K-Bank seeks to regain ground South Korea’s first online-only bank K-Bank is actively seeking to regain ground against the country No. 1 online-only bank Kakao Bank with a wide range of new products after about a year-long suspens..

Lotte Shopping introduces ‘smart office’ for workplace flexibility South Korea’s retail giant Lotte Shopping Co. will allow employees to work at an office nearest their residence to enhance workplace flexibility and efficiency under Lotte Group’s ‘Smart Work’ system...

Samsung Electronics to skip IFA 2020 due to pandemic Samsung Electronics Co. will not participate in this year’s IFA, Europe`s largest consumer electronics show, amid lingering concerns about the continued spread of COVID-19. The company said on Tuesday..

Hanwha Defense eyes total $1.8 bn orders this year Hanwha Defense, a defense solutions unit under South Korean conglomerate Hanwha Group, is extending a winning streak in orders for its weapons systems, raising expectations that it would bag a total o..

JC Partners named preferred bidder for KDB Life Insurance Korea Development Bank (KDB) will likely cash out KDB Life Insurance that the policy lender had bailed out 10 years ago as it has named a preferred bidder for its insurance unit. KDB announced Thurs..

Lotte Duty Free continues transformation as quality-driven firm amid pandemic Lotte Duty Free continues transformative workplace experiments as it embraces more flexibility and agility as a quality-driven organization in the post-COVID-19 world.The South Korean travel retailer ..

Doosan Heavy I&C picks preferred bidder for Club Mow CC Doosan Heavy Industries & Construction Co. has named a consortium of Hana Financial Group and CHI Construction as the preferred bidder for Club Mow Country Club (CC) put up for sale as part of efforts..

Celltrion Pharm starts shipment of HIV therapy pill CT-G7 Celltrion Pharm on Monday announced its first commercial rollout in human immunodeficiency virus (HIV) drug CT-G7 for the global market. CT-G7 developed by Celltrion is a three-in-one-tablet for HIV ..

S. Korea’s BDI acquires 51% stake in U.S. bio company BDI Co., South Korean manufacturer of power generation facilities, said on Monday that it will buy 51 percent stake in U.S. novel drug developer as it moves to engage in new bio industry widely consid..

SK Hynix begins mass production of HBM2E for high-performance AI applications South Korea’s SK Hynix Inc. has commenced the mass production of High Bandwidth Memory-2E (HBM2E) DRAM chips that boast of the industry’s fastest data transmission speed, raising the bar for the premi..

S. Korea’s first antibody test kit ACCEL ELISA COVID-19 wins FDA EUA ACCEL ELISA COVID-19, South Korea’s first antibody test kit developed by a local platform developer, has has moved a step closer to getting Emergency Use Authorization (EUA) from the U.S. Food and Dr..

Yuhan Corp signs $1.17 bn deal over investigational allergy med from Korean startup Yuhan Corp., South Korea’s top pharmaceutical company by sales, has signed a 1.41 trillion won ($1.17 billion) deal with GI Innovation Inc., a Korean biotech startup, for joint development and commerc..

Seoul National University, Google to cooperate on AI development via Coral South Korea’s Seoul National University (SNU) Graduate School of Data Science has partnered with Google on fostering artificial intelligence ecosystem through the global tech giant’s Coral AI platform..

Hanmi Pharm’s short-bowel syndrome drug wins FDA’s rare pediatric disease status A new biologic treatment for short-bowel syndrome developed by South Korea’s Hanmi Pharmaceutical Co. is granted with rare pediatric disease designation by the U.S. Food and Drug Administration (FDA) ..

Celltrion gets positive CHMP opinion for additional five indications for Remsima SC South Korea’s leading biopharmaceutical company Celltrion Inc. said on Monday that it has received a positive opinion from the Committee for Medicinal Products for Human use (CHMP) under the European ..

GC Lab Cell’s U.S. entity Artiva draws $78 mn investment Artiva Biotherapeutics Inc., a U.S. entity set up in 2019 by South Korea’s Green Cross Holdings and Green Cross Lab Cell (GC Lab Cell) for the development of natural killer cell-based therapies, has a..

Korean COVID-19 test kit makers get into bleeding competition overseas Hyped competition has led to oversupply and price undercutting in Korean COVID-19 test kits. According to the Ministry of Food and Drug Safety on Wednesday, as many as 105 COVID-19 kits from 66 manufa..

Two more bio entrants Celemics, Genolution due at Kosdaq in July, August Two more biotech names are set to join the Kosdaq market in July and August amid renewed appetite for bio stocks in Korea. Bio-material company developer Celemics said on Wednesday it will raise up ..

Alteogen hopes for 3-4 major deals after $3.87 bn license deal Korean biotech company Alteogen aims to achieve three to four more license deals this year in addition to massive nonexclusive deal of up to $3.87 billion signed on Wednesday with a global pharmaceuti..

Samsung Electronics turns eager in initiative to localize chip supply chain South Korea’s Samsung Electronics Co. has embarked on the initiative to groom self-supplying chip habitat in Korea to ensure chip leadership amid heavy chasing from China. Under the so-called “K-chi..

Korean IT firms employ AI to maintain decorum in cyberspace The Korean IT names have employed artificial intelligence (AI) programs to oversee decorum in online communities. Game publisher Nexon has recently developed a machine learning-based text detection t..

Celltrion to start clinical trial of COVID-19 cure next month to mass-produce by H1 2021 Celltrion will be able to mass-produce COVID-19 cure to cover up to 5 million patients in the first half of next year under the timetable of completing human clinical trials within this year and recei..

Samsung Biologics adds $314 mn CMO order, achieving fivefold orders vs last yr Korea’s top contract manufacturing organization (CMO) Samsung Biologics Co. landed a $314 million worth order tantamount to covering more than half of last year’s full revenue from a European pharmace..

Investigational cancer med politaxel explored as potential COVID-19 cure in Korea CN Pharm, the majority shareholder of Kosdaq-listed Hyundai Bio, has redirected oncology research to explore the potential of its investigational cancer drug politaxel as a COVID-19 treatment. Recent ..

GC Cell inks 2 CMO deals with one for clinical trial therapy in U.S. GC Cell Corp., an affiliate of GC Pharma Corp., has signed two separate consignment production deals valued around 8.1 billion won ($6.7 million) in total at its cell center located in Yongin, Gyeongg..

S. Korean firm develops antimicrobial copper film to neutralize COVID-19 An antimicrobial copper film developed by a Korean company has demonstrated strong neutralizing activity against COVID-19, adding firearms to Korean battle with the epidemic. According to CleanCU, a ..

Samsung Elec’s lead in foldables to face challenge from Q3 Samsung Electronics Co.’s head start in foldable handheld gadget will come under challenge in the third quarter as its newest versions face contest from tech contestants starting with Microsoft and Hu..

Korean Bio debutants doing poorly since IPO, unlike SK Biopharm’s mega hit Unlike the blockbuster IPO of SK Biopharmaceuticals, debuts by smaller bio names had been mostly humble, causing others to delay going public this year.The mixed market response shows uncertainty in t..

Korean banks pitch fiduciary trusts to draw funding from cash rich The wealthy in Korea are turning more to banks for trust and fiduciary service as such accounts can be a tax-saving option to park their riches and hand them down in the country with notoriously high ..

SK Biopharm sets new record by hitting daily ceiling for 3rd trading session since IPO SK Biopharmaceuticals Co. has set a new Kospi record with its stock price soaring by daily gain limit of 30 percent for the third trading session since its initial public offering last Thursday. The ..

Koreans’ offshore stock turnover hit monthly record in June, one 10th of Kospi trade As South Korean individuals looked eagerly beyond the local market for bigger returns from investment, turnover in trading overseas stocks renewed a monthly high of $18.6 billion last month. Korean i..

Gold trade volume, turnover in H1 in Korea exceed last year’s full-year levels Gold trade volume and turnover in the first half have exceeded full-year record of 2019 amid surge in demand for the safe asset due to financial insecurity from global-wide recession from the COVID-19..

Bio, battery, IT stocks biggest winners in H1 in Korea with market cap swelling $84 bn Bio, battery, and IT stocks were the biggest winners in the Korean market in the first half, with their market cap ballooning by more than 100 trillion won ($83.5 billion), while factory and bank cate..

S. Korean stock market sees epic half-year trade value driven by retail investors South Korea’s stock trade value in the first six months of this year has surpassed a full year level of 2019, mainly driven by active participation of retail investors who are seeking a profit opportu..

Trade finance funds defer redemption amid pandemic woes More trade finance funds are deferring redemption in South Korea as collecting accounts receivable becomes increasingly difficult due to pandemic-related disruptions. Singapore Trade Finance Fund No..

Hanjin KAL’s BW draws overwhelming response, joined by Hanjin heiress union Hanjin KAL Corp., the parent of South Korea’s flag carrier Korean Air Lines, has successfully sold 300 billion won ($249.5 million) in bonds with warrant in overwhelming response, raising expectations..

SK Biopharma shares double in public market debut SK Biopharmaceuticals Co. shares surged in its public market debut Thursday, kicking off what would be South Korea’s biggest initial public offering in three years. The company’s stock opened on th..

Banks told to fully return investment principal to Lime Asset fund victims A committee of South Korea’s financial watchdog on Wednesday that banks and brokerages should fully return the principal of investments to consumers over missold funds amid growing concerns of Lime As..

NPS commits $667 mn to Glenwood, Macquarie and 3 other private equity firms South Korea’s largest institutional investor National Pension Service (NPS) has committed a combined 800 billion won ($667.1 million) to five private equity firms from home and abroad. Glenwood Priva..

Kospi may fall to 1,900 range during H2 correction: analysts South Korea’s benchmark Korea Composite Stock Price Index (Kospi) that fast recovered over 2,100 in early June after virus-led selling three months ago will face a correction period in the second half..

Korean funds see more than $8.3bn money outflow in June Both public and private equity funds in South Korea saw a rapid outflow of money this month as a series of redemption suspensions scared off investors.According to the Korea Financial Investment Assoc..

Retail investors’ trading hits monthly record in June Retail investors’ monthly stock trading value hit a fresh record high in June in South Korea as they were riding on the investment boom driven by ample liquidity following the introduction of a series..

Wemade wins in IP lawsuit against Chinese firms South Korean game publisher Wemade Co. won a lawsuit against Chinese companies on the breach of software license agreement for its MMORPG label “The Legend of Mir 2”, lifting its shares to a new intra..

Korean CMA balance plunges as investors make big bets on new IPOs The balance of cash management accounts (CMA) in South Korea dropped at an unprecedentedly fast rate last week as retail investors rushed to order the shares of SK Biopharmaceuticals Co.’s initial pub..

Korean listed firms projected to have finished Q2 better, bottoming out in Q1 South Korean listed companies are projected to have weathered the COVID-19 storm by finishing the second quarter better than initially expected. According to data compiled by Seoul-based financial d..

JP Morgan tops Korea’s M&A league table in virus-dominated H1 JP Morgan Chase topped South Korea’s merger and acquisition (M&A) league table from January to June this year after leading several mega deals in the subdued M&A market under COVID-19 influence. The ..

Prosecutors raid Optimus Asset office amid scare of another heavy investor losses South Korean prosecutors on Thursday raided the office of Optimus Asset Management and 13 other locations amid ongoing probe into alleged financial fraud, prompting concerns over another wave of inves..

S. Korea to beef up digital and green New Deal spending to $83.5 bn South Korea will stretch the budget for its New Deal projects to more than 100 trillion won ($83.5 billion) to accelerate migration to big data, telemedicine and eco-friendly infrastructure over the n..

SsangYong Motor receives $75 mn loan rollover from state lender Korea Development Bank (KDB) on Monday agreed to roll over 90 billion won ($75.2 million) of loans due this month from SsangYong Motor Co., a troubled South Korean unit of Indian carmaker Mahindra & M..

S. Korea okays biometric authentication in bank teller transactions South Korea has approved using fingerprints and iris scans for bank teller transactions, allowing consumers to withdraw money or close accounts in a more convenient manner even without their ID card o..

S. Korean financial watchdog to set up new PEF monitoring team South Korea’s financial authorities will launch a new team that will be dedicated to monitoring and investigating private equity fund operators over the next three years after a recent series of asset..

S. Korea’s forex reserves hit new record high of $410.75 bn South Korea’s foreign exchange reserves rose for the third month in a row and hit a fresh record high in June on the weak U.S. dollar against a basket of major currencies. The country’s forex reserv..

Korea should consider long-term fiscal health in its economic boosting measures: IMF Director Last week the International Monetary Fund (IMF) lowered its growth forecast for South Korea`s economy this year to -2.1 percent amid a global economic slowdown, a fallout of the ongoing COVID-19 pande..

S. Korean gov’t to step up efforts to prevent contraction in H2 South Korea will go all out to prevent an economic contraction in the second half of this year after the country suffered negative growth in the first half, finance minister Hong Nam-ki said Thursday...

Korea mulls extending loan support for small businesses South Korea may extend the coronavirus relief loan program for small businesses. Finance Minister and Deputy Prime Minister Hong Nam-ki said on Thursday the government will review the possibility of ..

Korea’s sovereign fund KIC seeks for joint overseas investment with NACF The Korea Investment Corporation (KIC) and National Agricultural Cooperative Federation (NACF) are seeking to establish a joint venture to find lucrative overseas alternative investments with an aim t..

S. Korea inflation snaps decline in June partly due to gov’t cash handouts South Korea’s consumer price stayed flat in June from a year ago, avoiding a second consecutive month of negative inflation partly thanks to cash handouts from the government to households. The benc..

Korean chipmakers, financial firms on high alert amid US-China conflict over HK South Korean companies will likely be bruised by additional logistics costs in rerouting their exports bound for Hong Kong direct to China in the widening fallout from the row between Washington and B..

More than $83.5 bn debts coming due starting August in Korea The repayment deadlines for more than 100 trillion won ($83.4 billion) debts offered to small and mid-sized firms and the self-employed by the South Korean government to help them mitigate the impact ..

COVID-19 accelerates closures of restaurants, bars in central Seoul The number of eatery and drinking spots in key Seoul areas that went out of business in the first six months of this year jumped nearly 20 percent from a year ago, underscoring the severely adverse im..

S. Korea exports in June down 10.9%, but rate of decline slows South Korean exports in June dipped 10.9 percent from a year ago, falling for the fourth straight month but at a slower pace as global business activity started to resume amid easing of coronavirus lo..

BOK chief hints at more tailored assistance for virus-hit businesses South Korea’s central bank chief hinted at a possible change in the broad coronavirus aid for businesses, suggesting a more tailored approach might be needed to secure finances for the long haul. “Th..

Korea’s business sentiment improves in June for 2nd straight mos South Korea’s business confidence in June improved for the second straight month on the government’s aggressive fiscal measures and the reopening of major economies, but remained weaker compared with ..

Japan launches anti-dumping probe on potassium carbonate from Korea Japan has launched an anti-dumping investigation into imports from South Korea of potassium carbonate, a chemical compound used in making glasses for liquid crystal display. The Japanese finance and t..

S. Korea’s industrial output, investment slump in May amid pandemic South Korea’s industrial output and investment slumped in May as the pandemic continued to drag down exports, while demand recovered to pre-COVID-19 levels helped in part by the government’s relief pa..

NPS, Allianz create $2.3 bn joint fund to invest in property assets in Asia South Korea’s National Pension Service (NPS), the world’s third largest pension fund, announced Monday it will jointly create a $2.3 billion worth fund with Germany-based Allianz Group, a leading glob..

Seoul implements early adoption of new Basel III rule on banks at end-June The Basel III standards, new international rules for governing banks` capital requirement, will be applied to South Korean lenders, starting with JB Financial Group, Kwangju Bank and Jeonbuk Bank at t..

Koreans in 50s and 60s discover fondness for online shopping amid virus outbreak Koreans in their 50s are emerging as potential big online spenders as they were found to have spent the largest amount on average per transaction during the first three months of the year as they fami..

Govts must not worry about “overspending” stimulus for now: Paul Romer Governments should not worry about “overspending” on stimulus for now as a “prolonged depression” poses as the biggest risk to the world, but their programs must be carried out in parallel with virus ..

Tourists entering Korea now less than cabin crew amid ongoing virus risks Tourists remain rare in South Korea with international arrivals via air and sea hovering below the number of cabin crew. Korea received 6,111 tourists in May, nearly halved from 1.23 million a year a..

SNU to add 3 new majors to reflect new medical paradigms after COVID-19 Seoul National University (SNU), South Korea’s most prestigious university, will open master`s and/or doctoral programs to groom talents behind precision medicine that is revolutionizing treatment and..

Remdesivir is now available in S. Korea to treat severe COVID-19 patients Remdesivir, an antiviral medication proven for efficacy in treating new coronavirus patients, is now available in South Korea after its developer based in the U.S. has finally donated the drug to the ..

Korean govt breaks ground for smart city project in Sejong South Korea has achieved a new milestone in its efforts to spearhead a smart city initiative as the global smart city market is expected to reach above 2,000 trillion won ($1.66 trillion) by 2025. Th..

Seoul to hand out coronavirus stimulus checks to foreign residents Seoul has decided to give coronavirus stimulus checks to foreign residents in the capital city, expanding the eligibility criteria beyond Korean nationals. The move comes after the National Human Ri..

EU opens borders to 15 countries including Korea South Koreans are expected to travel to the member countries of the European Union freely as of July 1 after the EU has lifted travel restrictions on 15 countries including Korea ahead of the summer h..

Korean prosecutors drop charges against Elliott over Samsung merger South Korean prosecutors decided not to indict U.S. hedge fund Elliott Management Corp., ending the four-year-long investigation into whether the activist fund violated disclosure rules during its sta..

Korean civilian panel recommends against indictment of Samsung heir An outside panel in South Korea overwhelmingly voted against indicting Samsung Group heir Jay Y. Lee, going against prosecution efforts to bring the country’s most powerful conglomerate to trial on al..

Spike in carbon dioxide may further unsettle Korean factories due to short supply Korean manufacturers face additional setback from spike in carbon acid prices amid supply shortage of the key by-product widely used to make consumer and factory output.According to Korea High Pressur..

Koreans outside the country allowed to get remote doctoring from Korea South Koreans residing abroad would be able to seek remote doctoring by medical staff back at home from as early as next month through regulatory exemption as remote patient-doctor treatment remains i..

Statutory time-off hours must be counted into minimum wage in Korea South Korea’s constitutional court upheld the revised minimum wage law that requires employers to include paid time-off days in setting the wage terms, despite complaints of increased labor costs from..

Lone Star seeks $790 mn out-of-court settlement with Korean govt Lone Star Funds has offered to settle its decade-old dispute with the South Korean government over its stake sale of the now-defunct Korea Exchange Bank (KEB), by axing its damage claim to $790 millio..

S. Korea pitches its trade representative to run for the WTO chief race South Korea has fielded Minister for Trade Yoo Myung-hee to bid for the top seat of the World Trade Organization (WTO) vacant from Aug. 31 to play a mediating role amid deepening trade protectionism.“..

ISD between Seoul and Lone Star to resume after a new ICSID bench finally forms The near $5 billion long-drawn investor-state dispute between South Korea and U.S. private equity fund Lone Star over the latter’s divestiture in now-defunct Korea Exchange Bank is expected to pick up..

Medytox shares rally after court orders stay on cancellation on botox until July Shares of South Korea`s Medytox soared Wednesday after a district court ordered a stay to an administrative revocation of marketing license on the country’s first and steadyselling botulinum toxin bra..

S. Korea to put forward adoption of mobile driving license to 2021 South Korea will put forward the adoption of mobile driving license a year earlier than the government’s initial plan as demand for contactless services has grown sharply in the era of coronavirus. A..

Korean stores rapidly turn self-serving to save cost, time and contact risk More and more shops in Korea are turning staff-less with self-ordering, self-serving, and self-checkouts catching on fast amid undying virus risks. According to industry sources on Monday, big-box sto..

Speed, safety and freshness are survival code to e-grocery: Hema Xiansheng CEO Life after novel coronavirus won’t be the same, and the changes in the making are more epic in the world’s populated country fighting the stigma as the epicenter of the viral disease that has wrecked ..

How Gojek’s technology provides hope and a sense of normalcy amid the COVID-19 outbreak During the COVID-19 outbreak, it is easy for people to feel a sense of despair because of uncertainty about the present and the future, especially regarding health and the economy. That is why Indone..

Prime Minister calls for more investment in key economic zones HÀ NỘI — Provinces and cities in key economic zones must take the lead in recovering economically after the COVID-19 pandemic by attracting investment from large corporations and tran..

Covid-19 has been a ‘roller-coaster ride’ for Asia’s food delivery business, says Foodpanda Asia CEO The Covid-19 pandemic has fuelled a new appetite for food deliveries in Asia and around the world as more people work from home but it has also brought urgent challenges for the industry, says the reg..

EU to boost garment industry in Myanmar The new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’..

Report: Wage growth sluggish for Msian youths, low-income households KUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of Malaysians being “left behind”, reported the 1st edition of the World Bank’s Mal..

Japan Coast Guard to `eliminate` Chinese drones TOKYO -- The Japan Coast Guard plans to stop using and procuring Chinese-made drones in fiscal 2020 due to concerns over information security, Nikkei has learned. It will be the second case in which C..

Tesco may sell Thailand, Malaysia businesses LONDON: Britain`s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale. It said in a statement that ..

Baht concerns abound More than two decades ago, the baht suffered heavy devaluation as a result of speculation, forcing Thailand`s central bank to de-link the local currency from the US dollar and adopt a managed floating..

Singapore resident employment rate edges up but income growth slows: MOM SINGAPORE - The resident employment rate was slightly higher in June this year compared to the same month last year despite economic headwinds, according to an advance labour force report on Thursday ..

US promotes inclusive agriculture-led growth in Kachin State Myitkyina - US Ambassador Scot Marciel met with more than 60 members of the Kachin State agriculture sector in Myitkyina last Thursday, to discuss how the new US Agency for International Development (..

PM declares new tourism perks The government is set to revise the perks for investment in tourism and related services. Officials also pledge to introduce additional short-term measures to stimulate tourism during the high season..

Power shortages again in dry season, says prime minister Cambodia will face power shortages again from the end of this year throughout the dry season, Prime Minister Hun Sen said on Thursday. Speaking at the official launch of the National Strategic Develo..

Myanmar lags as ASEAN sees record FDI Foreign direct investment (FDI) into Myanmar still lags other countries in ASEAN, according to a report issued by the ASEAN Secretariat last week. The report ASEAN Investment Report 2019: FDI in Serv..

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..

Webzen shares on winning streak ahead of MU Origin 2 release in China Shares of South Korean game developer Webzen Inc. have been boosted on the country’s secondary Kosdaq market on expectations of successful release of MU Origin 2 developed by Tencent based on intellec..

BlackPink’s ‘How You Like That’ becomes fastest YouTube music video to hit 100 mn views K-pop girl group BlackPink from YG Entertainment has set a new YouTube record with its new single “How You Like That” as the music video amassed more than 100 million views at the fastest pace on the ..

KartRider Rush+ ranks top by both player count, playing hours in May Kartrider Rush+, a new mobile racing game published by Nexon Co., became the most played mobile game in May in South Korea, beating mega-hit titles such as Lineage M and PlayerUnknown’s Battlegrounds ..

Nexon opens new Seoul office to ready Dungeon Fighter’s mobile launch in China Neople, a subsidiary of South Korea’s gaming giant Nexon Co. based in Jeju Island, opened a new office in Seoul to act as a command tower for the launch of the mobile version in flagship game Dungeon ..

Kakao at center of Doosan Bears takeover rumor despite denial With rumors that Doosan Group’s prized baseball team Doosan Bears could be included in the asset sale package for restructuring, speculations have been flying high that Kakao emerging as one of the mo..

Global K-Wave Fair held online from May to Aug, idol concert set for June 13 This year’s Korean Wave Fair will be held online from May 13 to August, said its co-sponsor Korea Trade-Investment Promotion Agency (KOTRA) Tuesday. The agency hosted the event since 2010 by touring o..

Korean games gaining ground abroad as pastime favorite amid virus South Korean game labels are enjoying an atypical boon in springtime as stay-at-home pastime across the globe under virus pandemic. According to industry sources on Tuesday, mobile game “Summoners W..

BTS-featured hydrogen pitch from Hyundai Motor draws 100 mn views Hyundai Motor Co.’s ‘global hydrogen campaign’ video featuring K-pop superstar BTS achieved more than 100 million views on YouTube in just 27 days since its release, the South Korean auto giant said T..

Blade & Soul mobile hits Asia, FIFA Mobile readying release in June South Korea’s game giants Nexon and Netmarble are rushing with mobile title releases to capitalize on the gaming boom as pastime under virus impact. Nexon held an online showcase of EA SPORTS™ FIFA ..

World Knowledge Forum shares 300 videos of influential speakers on YouTube World Knowledge Forum (WKF) has uploaded more than 300 videos on its official YouTube channel, opening up some of its most insightful talks from world-renowned speakers. Launched in 2000, WKF is Asia’..

Korean baseball team NC Dinos gains fans in N. Carolina amid sports shutdown in US South Korean professional baseball club NC Dinos now has fans in North Carolina as American avid baseball lovers tuned into the opening games in Korea with envy as sports are still under shutdown in t..

Korean music apps go smart, personal with AI ahead of Spotify arrival South Korea’s music streaming platforms have reinforced personalized playlists based on artificial intelligence (AI) technology and big data analysis as they face the arrival of Sweden-based music str..

Korean game publishers turn eager on e-sports matches for bigger global reach South Korean game developers and publishers have turned eager to host e-sports tournaments to reach out to bigger global gamers. PUBG, renowned for survival shooter game PlayerUnknown’s Battleground, ..

2020 LoL Champions Korea spring finals finish with a live-stream watched by over 1 mn The League of Legends Champions Korea (LCK) 2020 spring playoffs closed Sunday with the winner of SK Telecom’s esports team T1 at the LoL Park Arena in Seoul, watched by 1.07 million viewers worldwide..

NCSoft Lineage 2M to release update for cross-server dungeon on Apr 29 South Korea’s leading online game developer and publisher NCSoft Corp. will release an update for its popular mobile MMORPG title Lineage 2M to add a new cross-server dungeon for gamers worldwide on A..

Kakao’s comic app Piccoma makes big inroads in Japan South Korea’s top messenger operator Kakao Corp. has made meaningful inroads into the manga-obsessed nation of Japan with its comic app platform Piccoma. Kakao’s Japanese subsidiary Kakao Japan on S..

SK Telecom’s esports team T1 signs sponsorship deal with BMW SK Telecom Co.’s esports joint venture, T1 Entertainment & Sports, said Thursday it struck a sponsor partnership deal with BMW Group, making it the first Korean sports club to draw sponsorship from th..

SM Enter, Naver launch concert livestream service “Beyond LIVE” for overseas fans South Korean music label SM Entertainment has teamed up with the country’s internet giant Naver Corp. to reinforce K-pop platform for overseas fans. SM Entertainment announced Tuesday it has signed ..

New game pipeline from Korea packed in Q2 to dominate stay-at-home pastime South Korean game developers are speeding up launch of new titles in the second quarter to capitalize on the stay-at-home lifestyle across the globe under pandemic threat. The country’s leading game ..

Korea’s dalgona coffee creates sweet splash across the globe under stay-at-home order Making a sweet in the Korean style has emerged as a new universal pastime amid global stay-at-home lifestyle under virus threat.The recipe for the creamy latte drink is simple enough: instant coffee, ..