BBQ opens new fried chicken restaurant in Manhattan BBQ, one of South Korea’s leading fried chicken brands, opened a new restaurant in Manhattan, New York, its operator Genesis BBQ said Friday.The new restaurant marks as the Korean fried chicken franch..

Pre-ordering, new shopping trend among Korean young consumers Pre-order is becoming a thing among young consumers in South Korea who are becoming more conscious of value spending against fast fashion and express delivery at a time of an economic slump.According ..

Korean steelmakers accelerate advance into green energy sector South Korean steel firms are accelerating their advance into the sustainable, green energy sector, ranging from hydrogen power to secondary battery materials, amid the world’s fast low-carbon energy t..

Nabota, new cash cow of Daewoong Pharm with brisk exports Botulinum toxin Nabota for wrinkle removing and other aesthetic purposes has emerged as a new cash cow of Daewoong Pharmaceutical as its shipments to overseas markets especially the United States are ..

SK focuses on stability in end-year executive reshuffle amid uncertainty SK Group, South Korea’s second largest conglomerate, has chosen stability during this year’s annual executive reshuffle on Thursday, with modest changes in leadership amid escalating global uncertaint..

Billing for MyData data transmission meets opposition in Korea Data providers for South Korea’s MyData services are seeking to bill the service operators for data collection due to mounting costs to manage surging data transmission, but the idea immediately met s..

KHNP makes initial bid for nuclear power plant deal in Czech Korea Hydro & Nuclear Power Co. (KHNP), a nuclear power subsidiary of state-run Korea Electric Power Corp., has joined a three-way race to vie for a nuclear power plant deal in the Czech Republic, acc..

Hyundai Motor Group underscores mobility in latest C-suite appointments Luc Donckerwolke, executive vice president and chief creative officer (CCO) at Hyundai Motor Group (HMG), was promoted to president, and Lee Kyoo-bok, the group’s senior vice president, to executive v..

Samsung scores additional 5G equipment deal with NTT Docomo Samsung Electronics Wednesday announced it will expand supply of 5G network equipment to Japan’s leading mobile operator NTT Docomo.Samsung’s equipment to be supplied to NTT DoCoMo includes a new ultr..

Korean retailers ready for Apple Pay arrival although Apple has yet to confirm Despite lack of confirmations from the concerning parties, South Korea is readying for the arrival of Apple Pay.Speculation has been brewing that Apple Pay could be serviced in trial basis as early as..

Saudi delegation tours Naver hyper-tech building with digital twin solution Saudi Arabian government officials toured the high-tech-laden headquarters building of South Korea’s Naver for a hands-on experience of a smart commercial building ahead of consigning a business deal ..

HHI’ first electric-powered ship readies for commercial sail South Korea’s top shipbuilding conglomerate Hyundai Heavy Industries Group has succeeded in applying the electric propulsion solution for ships that it has developed to a commercial vessel, helping th..

Korean chip share dips amid heated chip war while incentive bill gathers dust South Korea’s prized chip prowess has been challenged all around, with the U.S. and Japan determined to rebuild their past glory with the help of Taiwanese foundries and China under government patrona..

Korean Air’s merger with Asiana a step closer as U.K. may approve Korean Air Lines Co. is a step closer to receiving an approval for its merger with smaller rival Asiana Airlines Inc. from the U.K. government after the country’s antitrust authority signaled that it ..

Hyundai Motor Group picks SK on as EV battery supplier in N. America South Korea’s Hyundai Motor Group will beef up its electric vehicle (EV) production in North America with batteries from SK on, one of Korea’s top 3 battery producers.Hyundai Motor Group said on Tuesd..

KT Studio Genie puts off fundraising scheme to next year KT Studio Genie, a content production subsidiary of telecom giant KT, on Monday has put off funding plan to next year amid tepid investment environment from rapid rises in interest rates, according t..

Korean retail giants ride on recommerce boom with own resale shops South Korea’s retail majors are riding on the resale or “recommerce” boom, making room at their brick-and-mortar and online outlets to draw young customers in their 20s and 30s.According to the retail..

Losses mount for Korean shipbuilders as Russia sanctions prolong Losses at South Korean companies are increasing as sanctions against Russia after its invasion attempt of Ukraine prolongs with shipbuilders having to cancel ship orders because Russian customers fail..

Korean steelmakers face worst crisis since ’09 on poor demand at home and abroad South Korean steelmakers are bracing for another round of a devastating slump in more than a decade with a plunge in both domestic sales and exports due to multiple whammies from flood damage to the c..

Korean EV battery trio sought after as carmakers increase EV options LG Energy Solutions Ltd., Samsung SDI Co. and SK on Co., South Korea’s three biggest electric vehicle battery makers, are being courted as leading partners of major global automakers in powering their..

South Korea’s Asan Medical Center leads global pack in liver transplants The number of overseas patients visiting Asan Medical Center (AMC) for disease treatment has recovered to a pre-Covid level with about 14,000 patients on admission at the end of October this year. By ..

S. Korea adopts AI-powered radiotherapy system Varian’s ETHOS A cancer patient became the first person to have artificial intelligence (AI)-driven radiotherapy with a new Varian Ethos therapy system designed to reduce a typical 1-hour or more treatment timeslot ..

Seoul to foster synthetic biology, potential game-changer for bio industry The South Korean government will put more resources to fast-growing synthetic biology fields to enhance the country’s technological prowess in the area to the level that could run nearly neck and neck..

Huons to ramp up injectable products’ output at $18.3 mn South Korean healthcare company Huons will invest about 24.5 billion won ($18.3 million) to expand production capacity for injectable products at its plant at home to meet their burgeoning demand from..

JW Pharm, LG Chem cleared for global phase 3 trials of novel gout meds Expectations are growing that South Korea’s major pharmaceutical companies JW Pharmaceutical and LG Chem would be a next blockbuster drug producer in gout treatment as they are cleared for global phas..

Korea’s big 5 pharmas up R&D investment to ready post-pandemic period Korea’s five big pharmaceutical companies - Daewoong Pharmaceutical, GC Biopharma, Yuhan, Hanmi Pharmaceutical, and Chong Kun Dang ? are increasing clinical trial activity and refueling pipelines of n..

Moderna’s mRNA-based flu and RSV vaccines soon to hit Korean market Moderna is expected to introduce a variety of messenger ribonucleic acid (mRNA)-based products to South Korea within 10 years, and among them, an mRNA-based flu vaccine will soon hit the Korean market..

Hyundai Bioscience in talks for phase 1 study of polytaxel in Australia Hyundai Bioscience is in talks with an Australian hospital to conduct a global phase 1 clinical trial to test its “pain-free” cancer treatment Polytaxel in humans in the country.According to a study d..

Korean scientists create world’s first child’s brain nerve map A Korean research team led by pediatrician Kim Hun-min of Seoul National University Bundang Hospital has completed the world’s first physiological connectivity map of cerebral nerves based on data on ..

Korea’s Hugel ramping up output as it bets on Botulax approval in U.S. next year South Korea’s botulinum toxin maker Hugel will seek regulatory approval for its mainstay product Botulax in the United States in the first half of next year and maximize production capacity through fa..

S. Korea permits use of ultra-wide band in smartphones The Korean government has decided to lower the bar for the use of ultra-wide band (UWB) limited to military and specific industrial applications to ensure real-time fast and more accurate communicatio..

Celltrion wins 1st trial vs Regeneron in Eylea patent lawsuit Celltrion Inc. said on Friday that it has won the first trial of two indication-related patents against Regeneron’s eye disease original drug Eylea, getting one step closer to its planned biosimilar l..

Samyang kicks off production of corn-based bioplastic isosorbide Samyang Innochem, a chemical affiliate of South Korea’s Samyang Group, has started commercial production of corn starch-based isosorbide at its new plant in Gunsan, setting a milestone for its carbon-..

Osstem Implant to up output in US by 60% after certification South Korea’s dental implant maker Osstem Implant Co. is beefing up output by nearly 60 percent in its production facility in the U.S. to meet growing demand for premium products and increase its foot..

Hanmi’s novel AML med to be advanced into expanded clinical trials Hanmi Pharmaceutical said on Monday its U.S. partner Aptose Biosciences will expand global clinical trials of investigative oral drug HM43239 for the treatment of acute myeloid leukemia (AML) followi..

Korea’s ablation device maker RF Medical strides on bold PEF investment RF Medical, a Seoul-based radiofrequency ablation and other medical devices developer, has sharply improved top and bottom line under the arm of private equity fund STIC Investments that acquired the..

Korean scientists discover plant ingredients against Covid-19 Scientists in South Korea have found that some commonly used local foods or herbal medicines contain ingredients that prevent the Covid-19 virus from entering and infecting human cells. The Institute..

Dong-A ST to put U.S. NeuroBo under its arm for global R&D South Korea’s Dong-A ST on Wednesday said Boston-headquartered NeuroBo Pharmaceuticals successfully raised investment, satisfying its conditional agreement for equity investment and licensing. Nasdaq..

LG Display develops high-resolution stretchable display LG Display has prototyped the world’s first high-resolution stretchable display that can be elongated by up to 20 percent, a new technological breakthrough with numerous potential uses across diverse..

Samsung Biologics to push CDO business as big as CMO Samsung Biologics is driving efforts to attract new customers in contract development organization (CDO) business beyond mainstay contract manufacturing organization (CMO) with a focus on its operati..

Affinity gets maturity extension for debt raised for Lock & Lock buyout Affinity Equity Partners received agreements from lenders on Thursday to extend the maturity of debt that was leveraged to buy Korean food-storage manufacturer Lock & Lock five years ago, helping to e..

Demand grows for blue chip bonds from public companies amid recovery signs The bonds of South Korea’s top-rated public and some private companies are showing some signs of recovery from a pummeling as their new fixed-rate debts are sold at lower yields or at a larger size th..

Foreign net buying of Korean stocks hits 2-year high in November Foreign investors showed insatiable appetite for Korean stocks last month, gobbling up nearly 4 trillion won ($3.1 billion) worth shares in the main Kospi market in search of alternative assets to ris..

SK on to raise up to $1 bn for EV battery ramp-up from local PEFs SK on has signed a deal with a consortium composed of South Korean private equity firms to raise up to 1.3 trillion won ($1 billion) to finance its overseas electric vehicle battery production ramp-up..

South Korean ETN market grows fast in 2022, hitting $7.7 bn Exchange-traded notes (ETNs) promising handsome profits through mostly leveraged investment schemes are growing popular in South Korea as investors seek alpha from a diverse product mix in an overall ..

Korean stock mkt faces over 200 mn shares worth lockup release in Dec More than 200 million shares of stocks listed on the Korean stock market, including Hybe and Kakao Games, are set to be released from their initial public offering (IPO) lockup periods this month, bod..

Foreigners buy a net $4.64 bn in Korean shares for last two months Foreign investors have net purchased more than $4.64 billion won worth Korean shares in October and November, mostly in large-cap chip and battery stocks.According to the Korea Exchange on Wednesday, ..

Doosan Bobcat shares plunge more than 10% after 5% stake block sale Doosan Bobcat shares plunged more than 10 percent by midday on Wednesday after four major brokerage investors sold their combined holdings of 5 million shares in a block trade before the market opened..

KDB Capital-led fund to buy out SeAH Engineering KDB Capital under state lender Korea Development Bank has partnered with domestic equity firm Aves Partners to acquire patent-strong SeAH Engineering.According to the investment banking industry on Tu..

Seoul to hold CEOs, holding chairs responsible for serious financial scandals South Korea’s financial authority will seek to amend laws to hold company CEOs and chairs of holding financial firms responsible for serious financial scandals after Korean hedge fund Lime Asset Manag..

Samsung Biologics cements No. 3 in market cap ahead of SK hynix in Kospi Samsung Biologics has cemented its position as the third largest market-cap stock on South Korea’s main Kospi bourse with a gap of more than 2 trillion won ($1.50 billion) with SK hynix after elbowing..

MBK replaces Carlye-led group for Korean dental scanner maker Medit buyout MBK Partners, the largest private equity fund in Northeast Asia, is replacing the multinational consortium of Carlye Group and GS Group to buy Korean dental scanner developer Medit Corp. for slightly..

Seoul under pressure to bring digital tokens under securities oversight Korean authorities and lawmakers are under pressure to review categorizing digital coins and assets as securities to bring cryptocurrencies under regulations and watch as stocks and bonds, following t..

Wonik Holdings agrees to buy healthcare platform Goodoc Wonik Holdings shares were tad higher in Tuesday’s morning trade on news that the South Korean gas equipment manufacturer will acquire CareLabs, the operator of the country’s largest health digital pl..

KEPCO, other public offerings sell below market rate, govt debt yield inverted Deficit-stricken Korea Electric Power Corp. (KEPCO) has issued two- to three-year bond below the market yields for the first time in nearly 18 months to suggest easing in the glut in the debt market t..

KDB Life Insurance put on sale in 5th attempt KDB-Consus Value (KCV) Monday announced that it has commenced a process to sell its entire stake in KDB Life Insurance in a fifth attempt since 2014.KCV is a private equity fund jointly established by..

Seoul to package another $3.7 bn bond purchase program joined by BOK South Korean authorities are packaging another round of 5 trillion won ($3.74 billion) bond purchase program joined by the Bank of Korea after the first batch of 3 trillion won fund amid lingering jit..

Toss Bank bolsters capital to $1 bn via 6th pre-IPO fundraising Toss Bank, celebrating its first year as the third app-based lender in Korea, has brought KEB Hana Card onboard through the sixth rights offering since founding for recapitalization and expanded partn..

Korean crypto exchanges to delist Microsoft-backed Wemix token Wemix, the native token of South Korean major game publisher Wemade’s blockchain platform Wemix, will be kicked out from the country’s top five crypto exchanges, causing Wemade shares to plunge by the..

Korean small and midsized brokerages streamlining amid asset market slump Small to mid-sized brokerage houses in South Korea are streamlining as they grapple with liquidity squeeze from lethargic investment activities in high interest rate environment and property project f..

S. Korea’s consumer price up 5 percent on year in November South Korea’s consumer price stayed above 5 percent, but the growth pace slowed last month as price of oil and farm products showed limited increases, government data showed Friday.The consumer price ..

Railway union withdraws strike after last-minute deal with KORAIL Korean Railway Workers’ Union (KRWU) that had threatened to go on strike Friday called off the plan after reaching a last-minute deal with state-run Korea Railroad Corp. (KORAIL) over wages.KORAIL and..

Kospi rises, Korean won strengthens on Powell’s rate comments Korean stock markets opened Thursday higher after the U.S. Federal Reserve chief signaled a possibility of slower pace of rate hike.After opening the day 1.17 percent higher, Kospi ended trading Thurs..

KITA chief predicts Korea faces bleak trade outlook for next year South Korea would face a darker situation in global trade next year as global economic slowdown is expected to weaken demand for chips and petrochemicals, according to Korea International Trade Associ..

South Korea reports worst trade deficit in 25 years on global slowdown South Korea reported eight straight months of trade deficit in November, the worst performance since 1997, as demand slowed in key overseas markets, data showed on Thursday.Outbound shipments from Asi..

Finance Minister Choo urges unionized truckers to end eight-day strike South Korea’s Finance Minister Choo Kyung-ho called for unionized truckers to return to work, stressing that eighth-day strike is causing burden on the nation’s economy already strained from slowing e..

Fast rising borrowing costs causing uncertainties in debt market South Korea‘s financial authorities have raised the level of monitoring on commercial banks’ lending rates that have risen at a faster pace than the central bank’s benchmark rate as excessive borrowin..

S. Korea’s housing market continues to cool off in October The South Korean housing market has remained sluggish with monthly home sales in the country’s capital Seoul hovering below 1,000 for three straight months in a high interest rate environment.Accordin..

S. Korea’s Q3 GDP expands 0.3% in preliminary data, real GNI down 0.7% South Korea’s economy added 0.3 percent in the third quarter from the previous quarter led by more increased private spending and facility investment in chip sector, but the continued trade deficit fr..

Korean financial authority to closely monitor borrowing rates at lenders South Korea’s financial authority will closely monitor borrowing rates at all lenders in an apparent intervention to normalize loan rates that have skyrocketed to unusual levels following the country’..

S. Korea’s factory output worst since pandemic-hit Q2 2020 South Korea’s factory output dipped by the biggest pace since the second quarter of 2020 amid early pandemic outbreak as exports turned negative for the first time since then while domestic demand was..

Korea petrochemical firms diversify naphtha sources amid Russia sanctions South Korean petrochemical companies are bringing in naphtha more from the United Arab Emirates, Qatar and India as sanctions against Russia for invading Ukraine meant they needed to diversify their s..

Korea to cut ’23 growth outlook to 1% range, ’22 econ to fall under OECD average The South Korean government will agree with the central bank in grimmer outlook for next year’s economy by projecting the economy to underperform the potential growth rate of 2 percent, but won’t like..

Frequent strikes scaring off capital from South Korea at greater speed A nationwide strike by cargo truckers demanding minimum pay to members across the industry has undermined South Korea’s efforts to sustain the economy in the face of a record trade deficit and domesti..

Cargo truckers’ strike puts Korean industrial sites to a standstill The South Korean government is readying unprecedentedly stern action as well as dialogue Monday against the nationwide strike by cargo union members affiliated with the belligerent Korean Confederatio..

Korean legislative mulls granting KEPCO debt issue ceiling at around $68bn Korea Electric Power Corp. (KEPCO) next year may be able to issue up to six times its shriveled equity capital and reserves to be saved from a liquidity crisis causing power disaster for the factory-..

Auto industry groups of Korea, US, Japan, EU united in objecting to IRA EV rules Automobile associations in the U.S., Japan, Europe and South Korea have united voice to oppose to the design of the U.S. Inflation Reduction Act (IRA) bestowing tax incentives strictly to green-fuel v..

S. Korea’s short-term foreign debt drops the most in 11 years South Korea’s short-term foreign debt fell by the most in 11 years amid a sluggish global stock market and a strong U.S. dollar, helping to boost the country’s net external financial assets to hit a r..

BOK implies stagflation in 2023 with growth at 1.7% and inflation at 3.6% The Bank of Korea (BOK) on Thursday implied the economy entering a brief stagflation as it projected the economy performing its weakest since crisis periods in sub-2 percent range while inflation hove..

Korea’s base rate ends ‘22 at 11 yr-high of 3.25%, may reach 3.5-3.75% ‘23 (Updated with BOK Governor comments, market response)South Korea’s base rate has gone up to a 11-year high of 3.25 percent in inflation-hit 2022 in the fastest tightening campaign, and will head highe..

Former KEF Honorary Chairman to co-chair task force to reform service sector Park Byung-won, former honorary chairman of Korea Enterprises Federation (KEF), will lead a task force to promote the nation’s service industry, along with Finance Minister Choo Kyung-ho, raising expe..

Korea’s plan to regulate risk at workplaces causes backlash from businesses The South Korean government is set to make risk assessment compulsory to enhance safety at workplaces, causing a backlash from the business circle that argue the move will only add more punishment wit..

S. Korea joins US to co-host second Summit for Democracy in March South Korean president Yoon Suk-yeol will be joining his U.S. counterpart Joe Biden and three leaders each representing continents of Europe, Africa and Latin America to co-host the second Summit for ..

Seoul invokes first-ever binding order to force cement truckers return to work The South Korean government on Tuesday for the first time has invoked a binding order for unionized truckers in cement industry to return to work to prevent the nationwide strike from causing “a serio..

Seoul clears light armed chopper production with first deployment within 3 years South Korea’s first home-made homemade light armed helicopter (LAH) will be mass produced this year to go on the field within three years.The LAH production plan was cleared by the Defense Program Pro..

S. Korea to mix nuclear and renewable energy 35% vs 31% by 2036 South Korea will source power 34.6 percent from nuclear energy and 30.6 percent from renewables by 2036, according to the new 15-year basic power outline. The draft revealed on Monday on the outline t..

S. Korea moves to achieve 2045 space roadmap with ultimate Mars landing goal South Korea has pushed its space drive with the first specific long-term roadmap by creating a space agency in the likes of the U.S. National Aeronautics and Space Administration with an ultimate goal..

Korea, Canada to expand trade, financing on Li-ion battery sources South Korea and Canada will expand mineral trade to include battery-making sources like nickel and cobalt to ensure battery value chain stays intact under the U.S. Inflation Reduction Act (IRA) that r..

Seoul’s shopping mecca Myeongdong shows signs of revival Myeongdong is poised to reclaim its fame as tourists’ must-stop shopping mecca in downtown Seoul, South Korea’s capital city, after a three years-long slump under the virus situation, thanks to the fa..

S. Korea’s new births projected to fall below 200,000 in 2060 The number of newborns in South Korea would peak at 323,000 in 2035 and then continue to shrink to dip below 181,000 in 2060, according to a research paper based on data from Statistics Korea.The nati..

Seoul seeks to extend VAT exemption on carbon trade The Korean government is planning to extend an exemption from the value-added tax directive for carbon emission transactions for three years until 2025 in a move to bring vitality to the emerging carb..

Kakao’s key affiliates said to be under special tax investigation South Korea’s tax authority is said to be conducting a special tax investigation against key affiliates of the country’s platform giant Kakao Corp., including Kakao Entertainment Corp. and Kakao Games..

Seoul ready to put into force double tax avoidance pact with Taipei Bilateral double tax avoidance pact between Seoul and Taipei will go into effect a year after the two governments have signed the pact.Domestic law to prevent double taxes on corporate income would be..

Hip and trendy Seongsu-dong emerges as new fashion hub in Seoul Seongsu-dong, neighborhood east of the Seoul city center dubbed as the ‘Brooklyn of Seoul,’ is fast gaining ground as a new fashion hub in South Korea where premium brands, designer studios and variou..

Apple offers to comply with Korean antitrust remedial orders by Jan Apple Inc. has agreed to comply with remedial orders from South Korean antitrust agency to voluntarily stop forcing its own set of rates on Korean app developers, a move that would be the first for th..

S. Korea to build Antarctic inland research base by 2030 South Korea plans to establish the world’s sixth research station in inland Antarctica by 2030 as well as building an advanced icebreaker to lead global research projects into the little-known polar z..

Korea-China summit raising hopes of Beijing opening up to Korean contents A Korean movie became available on a Chinese streaming platform for the first time in six years to raise expectations for easing in Beijing’s ban on Korean contents following the first summit meeting ..

Cargo truckers in South Korea to go on indefinite strike Cargo truckers in South Korea will stage a nationwide strike over guaranteed wages again starting Thursday, five months after they agreed to end an eight days-long strike in June that caused companies..

Seoul to introduce tax incentives for local OTT production The Korea government will give tax benefits to movies and dramas produced by local OTT platforms and introduce a new award for OTT programs to groom Korean OTT producers as global players that can com..

S. Korea expected to shut down its last 3 coal mines by 2025 South Korea is expected to shut down its last three mines under Korea Coal Corp. (KCC) by 2025 due to decreasing coal output.According to sources in the government and the National Assembly on Thursda..

Indonesia trimming palm oil stocks with discounts, India sales Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month`s Diwali festival,..

Jeju Air to open direct Manado-South Korea flight in tourism bid South Korea’s Jeju Air has inked a deal with the North Sulawesi administration to offer direct flights between Manado and South Korea. Jeju Air CEO Kim E-bae and North Sulawesi Governor Olly Dondokamb..

Saigon Hi-tech Park attracts $12b worth of investment over 2 decades HCM CITY — The Saigon Hi-tech Park (SHTP) in HCM City has attracted more than US$12 billion in domestic and foreign investment since its establishment 20 years ago. Speaking at a meeting last w..

India’s rice export ban paralyzes trade in Asia as prices rise India`s restrictions on rice exports have paralyzed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller is holding off on deals as prices ris..

Domestic instant noodle consumption growing 20 per cent annually HÀ NỘI — Việt Nam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA). The ..

Coal far from ‘dead’: prices to remain high, IPO still lucrative The coal-mining sector will likely still be one of Indonesia’s key-growth drivers in years to come, despite the country’s steady shift to renewable energy, as the “black gold” commodity prices are poi..

QR payments help small vendors HÀ NỘI — Despite having no small cash in his pocket, Hoàng Dương can still pay for his cup of tea to a vendor in Quán Thánh street, Hà Nội, by scan..

Jokowi : RI must boost downstream investment, take over global green market Indonesia will pursue greater production in downstream industries and take over the world market in green products, President Joko “Jokowi” Widodo said on Tuesday. Jokowi noted that Indonesia’s commit..

NTU Singapore, RGE Group launch joint research centre to tackle textile waste As the latest trends crop up by the minute, textile waste is becoming a major issue when old and unwanted clothes end up in landfills. It comes at a time when an estimated 92 million tons of textile w..

Food prices ease at HCM City supermarkets HCM CITY – The sharp fall in fuel prices has caused the prices of goods such as vegetables and meats to decrease in HCM City supermarkets. Petrol prices have fallen four times since June 21 and..

Firms expand investment in battery industry for EVs HÀ NỘI — As Việt Nam`s electric vehicle (EV) market grows, the demand for batteries and energy storage solutions is accelerating and attracting the attention of many investors. ..

Major logistics centre developing in the south of HCM City HCM CITY — With the advantages of geographical location and investment plans for land around ports, the 17-hectare Tân Cảng-Hiệp Phước (TCHP) Port situated in HCM Cit..

Palm oil prices to fall more due to distress selling by Indonesia Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday. Malaysia`s b..

Indonesia’s record trade surplus ‘unsustainable’ as CPO prices plummet Indonesia achieved its biggest-ever trade surplus in the first half of 2022, but experts warn that relying on raw materials like crude palm oil (CPO) and coal as the bulwark of productivity is unsusta..

Tech investors wary amid volatile market While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs. Pru..

Explainer: Exploring the land scheme for foreigners The government`s latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the econom..

Laos market favoured by many Vietnamese investors: Trade counsellor HÀ NỘI — The Lao market remains a top destination for many Vietnamese investors as the two countries are neighbours and Laos recognises most quality certifications from exporting coun..

Global economy to hit Thai tourism The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising in..

Wood exports forecast at $16.3 billion this year HÀ NỘI — The export of timber and wooden products is forecast to reach US$16.3 billion in 2022, close to the target set at the beginning of the year, according to the Việt Nam A..

Government removes palm oil export levy until Aug. 31 Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the mo..

BTS RM selected as one of 35 innovators in art by American art news outlet RM, the leader of K-pop sensation BTS, was selected as one of 35 innovators in art by American art news outlet Artnet.com.Artnet announced the list of 35 innovators who have led the art world, includi..

Korean art galleries head overseas with contemporary artists Global interest in Korean pop culture has spread to the Korean fine art scene, leading South Korea’s major art galleries to rush to open new exhibition spaces overseas to introduce the country’s conte..

NCSoft’s Lineage franchise achieves $10 bn sales milestone 24 years since debut South Korea’s game major NCSoft Corp. has achieved $10 billion sales milestone solely from Lineage franchise first released in 1998.According to game industry sources, cumulative revenue from intellec..

S. Korea’s odds for top 16 up slightly with draw match against Uruguay South Korea’s odds of joining Round of 16 in the World Cup 2022 have slightly increased after the country’s national team held South American power Uruguay to a 0-0 draw on Thursday.South Korea in wor..

Korean game and entertainment firms converging to maximize Kwave riches South Korean entertainment giants Nexon Korea Corp. and Hybe Co. are leveraging on their game and artist riches to broaden their media and audience outreach.Nexon listed in Tokyo has become the larges..

Korean pianist Lee Hyuk shares top prize at Long-Thibaud Int’l Competition South Korean pianist Lee Hyuk won the top prize in the piano category of the Long-Thibaud International Competition held on Sunday (local time) at the Chatelet Theater in Paris, France. Lee co-shares..

Korean business majors join a $67 mn fund to enhance K-contents South Korean majors in hardware, software, and financing including LG Electronics, Kakao Entertainment and Shinhan Financial Group have launched a 91.1 billion won ($66.9 million) worth fund to groom ..

Kimchi event to be held at Capitol Hill A kimchi event to celebrate Kimchi Day will be held at Capitol Hill in Washington D.C. for the first time next month. According to the Museum of Koran American Heritage (MOKAH) on Monday (local time)..

BTS taking turns on military enrollment starting with Jin, Hybe shares uplifted All 7 members of K-pop superstar BTS will take turns on military enrollment in honor of South Korean male citizen duty starting with the eldest Jin who turns 30 in December, their agency said Monday. ..

Netmarble partners with Google Cloud for Web 3.0 game ecosystem South Korean game developer Netmarble has formed a partnership with Google to create its own Web 3.0 game ecosystem, Marblex (MBX), on Google’s cloud, marking the first case that a major Korean game c..

Pivot west campaign by Korean game makers pays off, sales hit $709 mn milestone H1 Game revenue from North America and Europe by six major Korean publishers reached 1 trillion won ($709 million) milestone in the first half as Korean labels turned aggressively to indulge Western game..

Juhea Kim debut novel, a Dayton Prize finalist, inspired by grandfather and Tolstoy Korean American author Juhea Kim’s debut novel “Beasts of a Little Land” which was made a finalist in this year’s Dayton Literary Peace Prize`s fiction category, was inspired by her independent moveme..

Immersive VR concerts maker AmazeVR backed by Korean contents majors raises $17M funding Los Angeles-based virtual reality (VR) startup AmazeVR backed by South Korea’s large private equity and contents majors said Wednesday it has completed a Series B funding round worth $17 million follo..

Blackpink’s “Born Pink” looking at No. 1 at Billboard 200 as the first K-pop girl group act Blackpink’s new album “Born Pink” is looking at No. 1 in the U.S. Billboard 200 chart as the first K-pop girl group act. According to Billboard’s website on Sunday (local time), Blackpink’s latest re..

Korean contents providers bulk up amid high demand South Korean content production houses are bulking up while demand for Korean contents has been elevated after Korean names swept major global awards and dominated audience for online read and watchin..

Naver Webtoon ready to make money out of burgeoning global audience Naver Webtoon, South Korean webtoon platform by the country’s internet giant Naver, is readying to shift to profit-seeking business model after successfully securing nearly 100 million readers worldwi..

Nexon active on global market with 9 new releases this year South Korean gaming giant Nexon has been exceptionally busy in the global scene this year with packed new offerings after a hiatus in recent years. Nexon has teased or released new games almost ever..

Hybe shares rise as poll shows 60% of Korean citizens backing conscription waiver for BTS Shares of Hybe reversed north Monday as a poll showed six out of 10 South Koreans approved of military conscription exemption for K-pop sensation BTS members for their contribution to national dignity..

S. Korean show steals another LA night as Squid Game wins six Emmys A South Korean show has stolen another awards night in the City of Angeles as “Squid Game” became the first non-English TV show to pick up two major trophies at the Emmys Awards, or U.S. TV celebratio..

Naver’s Japanese operator of digital fiction achieves 10-billion-yen monthly GMV milestone Line Digital Frontier, the Japanese operator of digital fictions under Naver Webtoon of South Korea, has achieved monthly gross merchandise value (GMV) milestone of 10 billion yen ($69.3 million) in A..