Korean battery makers look over shoulder as Chinese, Japanese rivals advance in tech South Korean battery makers keep lead in global EV power outside China, but how long they can sustain supremacy is uncertain as they are being closely chased by Chinese and Japanese competitors on pre..

Daewoo E&C clinches refining facility maintenance deal in Nigeria South Korea’s Daewoo Engineering and Construction Co. (Daewoo E&C) has won a $492 million maintenance service order for an oil-refining facility in Nigeria whose operations have been suspended three y..

Korean IT names vie to add open-source and upgraded functions on metaverse platforms Korean IT majors are eager in grooming their metaverse venues as open-source platforms for growth and diversity to gain global competitiveness. Zepeto, metaverse platform operator under Korean inter..

HMM’s stock stalemated despite hot earnings on lack of vision under state creditors HMM under state-led creditors’ management after funding for grooming as South Korea’s sea flag carrier has been failing to make most of the shipping boom period as it has to indulge public creditors t..

LG Elec adds EV charging biz after acquiring majority stake in AppleMango South Korean consumer electronics giant LG Electronics Inc. in hands with GS Energy and GS Neotek is acquiring local electric vehicle recharging solution provider AppleMango to expand its presence in ..

Hyundai Motor ups sale pitch in India to offset losses from Russia and China India has become a buffer market for South Korean auto conglomerate Hyundai Motor Group for the losses in war-engaged Russia and China in slowdown from pandemic lockdowns. According to industry sourc..

Korean game publishers leverage on metaverse for ad revenue South Korean game developers are expanding to digital advertisement market through their metaverse game titles to add new revenue source during new game hiatus period. According to multiple sources fr..

Korean Air settles bargaining with general and pilot unions at the same time Korean Air Lines for the first time in history have simultaneously settled collective bargaining with unions representing general employees and pilots for this year. The management separately held b..

K-beauty gains traction in Japan on revived popularity of K-pop culture South Korean cosmetics companies are going all-out to expand their presence in Japan where Korean beauty products are rapidly winning the heart of young consumers in their 20s and 30s on the revived p..

Korean biz delegation builds up private-sector alliance with US legislators, officials A group of South Korean businessmen have had a series of meetings with American lawmakers and government officials in Washington to cement private-sector ties in supply chains around semiconductor, ba..

LX breakup from LG is formal under antitrust law in Korea South Korea’s LX Group, which spun off from LG Group last year, has been officially recognized by state authority independent overseeing 12 subsidiaries led by LX Holding. The Fair Trade Commission ..

HHI Group unions package joint bargaining terms, includes end to peak wage system Labor unrest from collective action at dockyards behind the country’s top shipbuilding group Hyundai Heavy Industries may be inevitable as the unions in their first joint terms included higher financi..

After a year delay, SK hynix ready to break ground for four-fab Yongin chip cluster South Korea’s SK hynix Inc. next month will finally break ground for its ambitious semiconductor cluster project costing 120 trillion won ($92.3 billion) in Yongin, Gyeonggi Province, three years afte..

Samsung to mass produce industry’s smallest pixel image sensor this year Samsung Electronics will start mass production of its latest 200MP ISOCELL HP3, the image sensor with the industry’s smallest 0.56-micrometer (μm)-pixels within this year to sustain leadership in the ..

Kreisel to bring superfast EV chargers to Korea in joint cooperation with Everon Kreisel, owned by U.S. household farming vehicle brand John Deere, will bring superfast electric vehicle charging units to South Korea as a testbed for its entry into the bigger Asian market. It woul..

Nexon buys controlling stake in Silicon-based remote research startup methinks South Korea’s game major Nexon has become the largest shareholder in methinks, a virtual remote research platform based in Silicon Valley, U.S. to enhance user-friendly contents.According to the inves..

Lotte to invest $84.8 mn to ramp up EV battery material production Lotte Group will invest an additional 110 billion won ($84.8 million) in its EV battery materials factory in Hungary to double the production of anode foil used in electric vehicle (EV) batteries to m..

LG to invest $115.8 mn over 3 years to groom startups through Superstart South Korea’s LG Group will spend 150 billion won ($115.8 million) over the next three years to groom promising startups through its own open innovation platform Superstart as part of efforts to unear..

Hyundai Motor strives to build soft power amid faster shift to connected mobility South Korea’s largest automaker Hyundai Motor Co. is heavily vying to win over software engineers to build up its IT prowess amid faster shift in mobility technology. According to data compiled by Mae..

Samsung Heavy wins $3 billion orders to build 14 LNG carriers, 59% of ‘21 sale South Korean shipbuilding major Samsung Heavy Industries Co. has added 3.9 trillion won ($3 billion) orders to build a total of 14 liquefied natural gas (LNG) carriers bound for the Bermudas and Afric..

Korea’s first homegrown Covid-19 jab draws experts’ approval recommendation South Korea’s homegrown Covid-19 vaccine candidate developed by SK bioscience has received an approval recommendation from an expert advisory panel, making a step closer to commercial launch, accordin..

World’s most expensive drug Zolgensma may soon get reimbursement approval in Korea South Korea has entered a countdown to include Zolgensma (onasemnogene abeparvovec), the most expensive drug ever, to its public health insurance program as health authorities and Novartis are active ..

BioCore, NGeneBio forge partnership to explore overseas PCR test market BioCore has signed a memorandum of agreement with NGeneBio to jointly explore overseas markets of RT-PCR-based molecular diagnosis products by combining their business expertise and network.Under the ..

UNDBIO signs MOU to build insulin manufacturing facility in U.S. Korean insulin developer UNDBIO Inc. has signed a memorandum of understanding to build an insulin manufacturing and research facility in West Virginia, United States to speed up its forays into overse..

Kakao Enterprise comes first in NIST’s AI facial recognition test Kakao Enterprise, an AI technology-based unit of Kakao Corp., has become the top performer in a global facial recognition test, beating out other renowned AI companies from the United States, China, a..

Next & Bio eyes drug tailoring with human organ-modeling organoids Seeing human anatomy outside the body will bring more means to advance medical research and tackle cancer and other debilitating illnesses, according to a, Korean biotech firm Next & Bio betting organ..

Korean firm ready to roll out LED lamp to supplement vitamin D without aid of daylight Korean LED lamp maker DSE Co. is commercializing a new product that emits UV-B light to help the human body to make vitamin D to help address growing concerns over vitamin D deficiency due to lack of ..

Handok ready to speed up novel drug pipeline via new R&D hub Handok will strengthen its pipelines of novel therapies and speed up new drug discovery at various R&D stages in a more synergistic environment to be realized through a new campus, according to the co..

Samsung Biologics may eye M&A chances in cell, gene therapy: CEO Samsung Biologics will explore M&A opportunities to add cell and gene therapy to its portfolio as it tries to cement its leadership in the global drug community beyond the contract manufacturing secto..

France-based CDMO Yposkesi under SK pharmteco readies commercial production next year France-based contract development and manufacturing organization (CDMO) Yposkesi under South Korea’s SK pharmteco will be ready for mass production of gene therapies from next year, according to the c..

K-bio names command sizable space and visitors at BIO USA Korean biotech and pharma names confirmed elevated status as they came to command a sizable space and visitors at the 2022 BIO International Convention (BIO USA), the world’s largest gathering for the..

Korean AI startup offers free nose print option for dog identification A Korean AI startup is working to launch a free app to scan and register a dog’s nose print as a cheap and simple identification means for companion animals over existing microchip embedded under the ..

Avatars take over human careers from shopping hosts to singers in Korea Digital humans are beginning to show off talents in professional fields in South Korea. Lotte Home Shopping has been airing TV shopping programs hosted by virtual hosts and models that debuted in Dec..

Samsung Bioepis launches first FDA-approved ophthalmology biosim Byooviz in U.S. Samsung Bioepis has made a foray into the U.S. eye disease market with the launch of Byooviz (ranibizumab-nuna), a biosimilar referencing Lucentis, expanding its autoimmune disease and oncology focuse..

Celltrion aims to raise self-injectable Remsima SC market share to 50% in Europe Celltrion eyes the market share of Remsima SC, the world’s first subcutaneous formulation of biosimilar infliximab, surging to 50 percent from current 8 percent in five major European markets over the..

Samsung, Naver Cloud launch in-house delivery bot services on private 5G network Parcels and coffees are delivered by robots at Naver’s new headquarters “1784” through cloud-based automation collaborated between Samsung Electronics and Naver Cloud.The autonomous mobile robot servi..

Samsung Biologics completes building mRNA vaccine substance production line Samsung Biologics has completed a messenger ribonucleic acid (mRNA) vaccine substance manufacturing line at its Songdo site in Incheon, securing the ability to fully handle production processes for th..

Korea needs self-sufficiency in Covid-19 vaccination vs future resurgence: expert Although the spread of Covid-19 is being slowed down by vaccination and other interventions, there is still a need to have vaccine self-sufficiency in Korea, a medical expert advised, endorsing the on..

USB-C to become the Korean standard for charging and data transferring The USB Type-C (USB-C) will become the standard charging and transferring means for small electronic products such as phones, tablet PCs, and portable speakers in South Korea from next year. The Kor..

Nexon outperforms rival game companies on new game expectations South Korean gaming giant Nexon has succeeded in bouncing back more than 80 percent from its low last year, outperforming its rivals at home and abroad after the successful debut of “Dungeon & Fighter..

Kosdaq rushing with spinoff of promising business ends up losing investors Kosdaq members have followed their bigger counterparts in Kospi for spin-off of lucrative business arms, but their rushed push only ended up losing shareholders’ confidence and stock value.According t..

EcoPro Bm shares fly on seemingly depreciated price upon ex-rights and increases in issues South Korea’s lithium-ion battery maker EcoPro BM shares surged Monday as they look cheaper after rights to bonus issue have expired. By 1:30 p.m. Monday, the Kosdaq No. 6 stock was trading 9.5 perc..

Eight out of 10 Korean stocks beaten down by inflation, recession fears in H1 More than 8 out of 10 Korean stocks have retreated in the Korean markets performing one of the worst in the first half among global exchanges commonly battered by supply bottleneck, runaway inflation ..

Stock issues by Korean Inc. off 80% and corporate bonds 57% amid soured sentiment Stock issues by Korean companies plunged nearly 80 percent and bonds almost 60 percent in May versus the previous month to underscore the worsening financing conditions for Korean Inc. According to d..

Korea’s healthy food brand Chunho N Care is up for grab 7 years after sale South Korea’s health food firm Chunho N Care is up for sale again, seven years after it was sold to Kamur Private Equity (PE). The Korean private equity firm selected EY Hanyoung as the lead sale mana..

S. Korea fails to make MSCI`s watch list for upgrade to developed market index South Korea has again missed out on joining the waiting list for stock market upgrade by the Morgan Stanley Capital International (MSCI) despite government endeavors. Korea, currently weighted in th..

USD-KRW slips below 1,300 amid talk of US treasury secretary visit to Seoul The Korean won which has breached 1,300 versus the U.S. dollar for the first time in 13 years on Thursday slightly strengthened Friday amid report that U.S. Treasury Secretary Janet Yellen would be vi..

Retail stock selloff from margin call-related sale aggravates downside in Korean markets Margin call on leveraged stockholdings has fanned downward spiral in Korean stock market. The balance of margin account at local brokerages reflecting leveraged retail stock investment slipped to 19...

Private equity firms cover for thinned venture capital financing for Korean startups Private equity firms are emerging as new financial backers for startups in South Korea amid risk aversion environment. According to the investment banking industry on Thursday, VIG Alternative Credit..

Contract for difference-sparked selling partly behind massive foreign selling in Korea Skilled institutional investors betting on a bear run are suspected to be partly behind the merciless foreign selloff in South Korean stock markets in the biggest downward spiral since the onset of th..

Kospi, Kosdaq return to pre-pandemic levels with pensions, retailers jumping ship With no stop to foreign exodus, the last resort – retailers as well as public pension funds – are abandoning the Korean stock markets. Kospi and Kosdaq are nearing pre-pandemic levels in ..

Korea’s top crypto exchanges activate permanent alliance for concerted vigilance vs risks South Korea’s top 5 cryptocurrency exchanges have launched Digital Asset eXchange Alliance (DAXA) to jointly work on enhancing investor protections against volatility and frauds.Upbit, Bithumb, Coineo..

Stock and corporate performance moves in opposite directions for Korean Inc. Stock and corporate performance of the Korean Inc. are going in opposite directions as the Korean capital market continues to be rattled by foreign flight amid faster rises in the U.S. rates. Accordi..

KT beats the 3-mo bear run in Korean stock market to gain 26% Korea’s telecom giant KT has been amongst the select survivors of the heavy stock market routs in Seoul with its stock price soaring 26 percent over the last three months and eying a market cap of 10 ..

New orders thin by 30% on qtr for Korea Inc. Q2 in sluggish sign in demand New orders for manufacturers and services providers publicly listed in South Korea shrank 30 percent in the second quarter compared with the previous three-month period to suggest reduced external and..

M&A deal does more harm than good on stock prices amid bearish run in Seoul Ownership change has lost stock stimulating impact in overall bearish market in Korea with latest M&A subjects - South Korea’s paper producer Youngpoong Paper and biggest polyimide (PI) film manufactu..

Foreign investors show extraordinary appetite for digital-related stocks in Korea While mostly going short in Korean stocks, foreign investors have recently been going after cryptocurrency-related stocks in South Korea despite the downward spiral of digital tokens with bitcoin dipp..

Two out of five Korean stocks underperform book value with P/B below 1.0 With the main indices losing nearly 20 percent this year, as much as 40 percent of Korean listed companies have come to underperform their book value. As of Monday, a total of 853 companies trading ..

Korean e-commerce players push back IPO roadmap amid unfavorable market climate South Korea’s e-commerce platforms who had envisioned IPO jackpot like Coupang after its spectacular debut on the New York Stock Exchange are adjusting their listing plans due to unfavorable market cl..

Kospi off 20% and Kosdaq 25% this year and still sliding to new lows Korean composite stock indices Kospi and Kosdaq have hit new annual lows Monday on continued foreign flight from the market as the external-reliant economy is expected to take a direct hit from a glob..

Power bills have to go up, although inflation could hit above 6%: fin min Inflation in South Korea could hover above 6 percent for the first time in nearly 24 years from June to August, but electricity bill inevitably would have to be raised as not to worsen the deficit at ..

Capping expectations for higher inflation to be top priority, BOK deputy governor South Korea’s monetary policy will be set priority in preemptively containing expectations for further rise in inflation to prevent lengthened high inflation period, said Bank of Korea (BOK) deputy go..

USD-KRW breaks 1,300 for the first time in 13 yrs despite intervention The South Korean won fell below 1,300 threshold against the U.S. dollar for the first time in 13 years, despite interventionist efforts from authorities, on multiple downside from continued foreign fl..

S. Korea’s private sector debt-to-GDP ratio falls slightly to 219% in Q1 The growth in South Korean private debt, which has come to more than double the gross domestic product, has marginally eased in the first quarter amid rising interest rates. The country’s private sec..

June 1-20 trade data implies Korea in largest-ever 6-month deficit of over $15 bn South Korea is set to finish the first half in the biggest six-month red in trade balance as imports have become overwhelmingly more expensive from spike in international commodities for fueling and f..

Inflation top priority in Korean monetary policy as BOK sees annual rate around 5% Bank of Korea (BOK) Governor Rhee Chang-yong on Wednesday reconfirmed interest rates will go up until inflation is tamed upon judgment that the annual rate could exceed 4.5 percent estimated last mont..

Seoul ups verbal and presumed USD-buying intervention as USD nears 1,300 won South Korea’s finance minister on Monday reissued verbal intervention as the Korean won sank to new annual low and weakest against the U.S. dollar since the wake of the 2008-2009 financial crisis. A..

Seoul ups fuel tax cut to 37% and state reserves for food amid runaway inflation The South Korean government will cut fuel taxes up to the legal limit of 37 percent from July 1 and double tax deduction rates on credit card use for public transportation services in a desperate meas..

KERI demands for drastic cut in Korea’s inheritance tax rate South Korea’s private think tank Korea Economic Research Institute (KERI) under the country’s major business lobby group called on the government to review a reduction in the country’s notoriously hig..

Net profit of Kospi 200 firms will rise by 4% with Yoon’s corporate tax cut: Report With the government’s policy of slashing the top corporate tax rate, Korean companies’ net profit would increase by about 4 percent, according to a report on Friday. Corporate tax cuts are expected t..

Pres. Yoon endorses corporate tax rate cut to enhance biz competitiveness South Korean President has doubled down on a corporate tax cut in a response to arguments against tax giveaways for the wealthy and big corporations. “Lowering the tax rate to the level of other OECD..

Korean gov’t seeks to ease penalties for antitrust violations by corporations The new South Korean administration under President Yoon Suk-yeol is seeking to revise the country’s Fair Trade Act and the new Severe Disaster Punishment Act to ease penalties for antitrust violation..

S. Korea postpones imposing capital gains tax on stock, crypto trading to 2025 South Korean government under conservative President Yoon Suk-yeol will postpone imposing tax on gains from stock and cryptocurrency investments by two years while lowering securities transaction tax,..

Diesel price in Korea hits record $1.6 per liter amid tight supply The price of diesel in South Korea has hit over 2,100 won ($1.63) Friday and continues to outstrip that of gasoline amid tight supply of petrochemical products due to Russia’s invasion of Ukraine and ..

S. Korea’s national debt nears $880 bn by April despite increased tax revenue South Korea’s national liabilities topped 1,000 trillion won ($778 billion) mark in April on snowballing debts from government and public sectors. According to monthly fiscal balance report released ..

Seoul to cut corporate, property taxes on slowed growth and near 5% CPI estimate The South Korean government under Yoon Suk-yeol presidency in its first economic policy outline will lower the maximum corporate tax rate from 25 percent to 22 percent and up exemption for property ow..

KEPCO hastens cost-saving efforts to contain ballooning losses Korea Electric Power Corporation (KEPCO) which last month vowed streamlining by more than 6 trillion won after reporting loss of 7.8 trillion won ($6 billion) from first-quarter operation has shed ass..

Seoul authorities vow vigilance, but place inflation as top priority to imply BOK big step South Korea fiscal, monetary, and authorities on Thursday scurried to discuss concerted actions to stabilize the financial markets shaken by tantrums over steeper monetary tightening in the U.S. that ..

Startup funding quickly drying up in Korea amid fast rises in interest rates South Korean startups fret drying in venture capital due to fast rises in interest rates. Startups raised a total of 1 trillion won ($778 million) in funding last month, down 430 billion won from a mo..

Payroll addition in Korea highest for May in 22 yrs, but most on tax-financed temp South Korea added more than 900,000 jobs last month against a year-ago period in the best report in 22 years for May, but the feat may not be lasting as the bulk went to seniors for temporary work. A..

S. Korea to do away with much of tax-financed temporary jobs South Korea’s new government seeking labor reform and private-led growth will slash tax-financed hiring that most went to seniors to aid job data under the former liberal administration.According to s..

S. Korea successfully deploys navigation satellite to improve GPS accuracy South Korea has successfully launched a precision aviation satellite that can improve the GPS position error to up to 1.0 meters from the current 15-33 meters, marking another milestone after a succes..

Korea’s labor ministry to enable flexibility in uniform 52-hour workweek system The new South Korean government will enable more flexibility in the uniform 52-hour workweek that came into practice under the last administration. Lee Jeong-sik, Yoon Suk-yeol administration’s first..

Korea’s power reserve sinking with early arrival of summer peak Power supply has turned unstable in South Korea ahead of the usual summer peak in July and August, with the reserve ratio hitting annual lows amidst heat wave. According to the Korea Power Exchange, ..

Chip and reactor pitch to be a priority of Korean pres’ debut at NATO summit Chip and reactor business will be a priority next to North Korean issue for South Korean President Yoon Suk-yeol readying to debut on the global stage through the North Atlantic Treaty Organization (N..

S. Korea highly reliant on grain imports improvising every way to survive grain crisis: minister Seoul will up government grain reserve and overseas networks while improvising what can be done to survive strong grain prices that are likely to persist into next year, said Chung Hwang-keun, the Min..

Seoul going all-out to restore nuclear reactor supremacy Calling the policy to phase out of nuclear power under the last government “foolish”, South Korean President Yoon Suk-yeol on Wednesday vowed to restore the country’s reactor supremacy through multibi..

Shortest air route between Seoul and Tokyo reopens from next week The shortest flight route between the two capitals of South Korea and Japan will be reopened next week after 27 months of closure due to the virus situation. The two governments have reached an agre..

Korean FSC’s advisory board finds $37 mn penalty on market makers too heavy A review committee of South Korea’s top financial policy-making Financial Services Commission (FSC) has found fining nine local stock brokerages for so-called unfair market making activities excessive..

S. Korea’s space project gains traction for further exploration after Nuri 2 success South Korea’s space project has gotten confidence traction from the momentum of putting a real satellite into orbit through independent technology from launch to exploration. On Tuesday, the Ministry ..

Oversight of platform operators to come under science min in Korea The Ministry of Science and ICT will oversee platform operators like Naver, Kakao and Coupang instead of regulatory Fair Trade Commission (FTC) and the Korea Communications Commission (KCC) to suggest..

Korea’s 18 state firms fail in government management performance review More than a dozen South Korean public enterprises including Korea Land & Housing Corporation and Korea National Railway failed in government performance review for poor management over the last year, ..

S. Korea lands a satellite into orbit from self-developed rocket launcher South Korea has become the world’s seventh space power to have flown a commercial satellite into orbit from home turf through independent launching technology upon confirming its home-developed Nuri r..

POSCO Chemical receives remedial order from FTC for contract breach South Korea’s POSCO Chemical Co. has received an order from the Korea Fair Trade Commission (FTC) to undo its former practice of terminating a deal with a partner company without prior notice. The FT..

FTC gives disciplinary action on AstraZeneca, Alvogen Korea for rigging activity South Korea’s antitrust watchdog is mulling disciplinary action on multinational pharmaceutical company AstraZeneca plc upon finding rigging activity with another firm to prevent release of cheaper ge..

S. Koreans restrained from rushing out to overseas due to expensive air tickets Despite full lifting in virus-related restrictions and opening of borders across the world, South Koreans are not rushing overseas as their pent-up demand has been constrained by cheap local currency,..

Meritz Asset CEO John Lee under FSS probe South Korea’s financial watchdog is investigating Meritz Asset Management CEO John Lee over allegation of investment using a borrowed-name account in violation of the capital market law. According to..

Korean Pres. Yoon vows deregulation, private-led growth South Korean President Yoon Suk-yeol on Thursday reiterated the government’s commitment to driving economic growth through bold investments from the private sector and asked for close collaboration be..

Seoul speeds up removal of regulatory stumbling blocks, giving traction to $263 bn projects Big South Korean manufactures would be relieved to see removal of regulatory stumbling blocks for their investments for smart and robotics and other innovative applications as the new government speed..

KEPCO to demand electricity bill hike Q3 despite inflationary concerns State utility Korea Electric Power Corporation (KEPCO) is pressing the government for a hike in electricity fees in the third quarter despite inflationary impact to contain its snowballing losses and ..

Viet Nam News Economy VN to increase national fuel reserves HÀ NỘI — The Ministry of Industry and Trade has put forward a proposal to increase the country`s fuel reserve by as much as four times, said Lê Việt Nga, deputy head of the..

International funding and green finance the key to renewable transition Việt Dũng HÀ NỘI — Việt Nam needs substantial investments to meet the country’s goal of net-zero emissions by 2050, but gathering sufficient financial resources for ..

Sacrificial livestock price shoots up ahead of Idul Adha As foot-and-mouth disease (FMD) continues to spread, the price of sacrificial livestock has witnessed a notable hike amid rising demand and limited supply nearing the celebration of Idul Adha. The Ind..

TM 6 immigration forms shelved for now at airports The government will temporarily halt the need for international passengers to fill out TM 6 immigration forms to ease passenger congestion at international airports. Prime Minister and Defence Minist..

New e-commerce rules planned to limit access to foreign goods New rules for e-commerce platforms are meant to keep some foreign products out of the domestic market in what the government calls an effort to create a level playing field. Trade Minister Muhammad Lu..

Finance Ministry promises share sales tax soon The Finance Ministry plans to propose to the cabinet the implementation of a financial transaction tax on individual stock investors in the near future, says Finance Minister Arkhom Termpittayapaisith..

Regional minimum wage to increase starting in July HÀ NỘI — A new decree raising the regional minimum wage for labourers was approved on Sunday by Deputy Prime Minister Phạm Bình Minh. The new regulation, coded 38/2022/N&#..

Firms rejig to survive in lean times Businesses adopted cost reduction, increased productivity, and emphasised environmental standards to cope with the pandemic and global challenges stemming from the Russia-Ukraine war, panellists told ..

Promising outlook ahead for the market: analysts HÀ NỘI — The stock market is resuming its uptrend following a recent steep decline after receiving positive information, creating a driving force for a new recovery phase. After fall..

Blockchain – a new technology for the country’s digital economy Vũ Hoa HÀ NỘI — Việt Nam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries in encouragi..

Indonesia`s tourism jumps in April as borders reopen Almost 50 times as many foreign tourists visited Indonesia in April compared to the same month last year, according to Statistics Indonesia (BPS) data, showing that the country’s tourism has begun to ..

Adopting a holistic HR approach in the new world of work to retain talent HCM CITY — Increasing competition for talent and changes in employees’ needs and expectations at the workplace require businesses to adopt a holistic human resource strategy to attract and retai..

Indonesia to scrap subsidy for bulk cooking oil The Industry Ministry has announced it would scrap the subsidy for bulk cooking oil, effective from Tuesday, leaving many producers unable to file a subsidy claim for selling the staple food below mar..

Banks promote lending to exporters amid Việt Nam’s positive shipments HÀ NỘI — Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this ..

IDCamp 2022 is officially open for registration Indosat Ooredoo Hutchison has launched IDCamp 2022, an initiative to prepare Indonesians to foster talent and support the increasing digitalization of a nation. This year, IDCamp is giving out online ..

Vietnamese economy to do well in 2022: experts HÀ NỘI — The Vietnamese economy recovered more slowly than the world economy last year, but the reverse is likely to be true this year. BIDV Chief Economist Cấn Văn L̘..

Indonesia raises $3.25 bln in its biggest global sukuk sale Indonesia has raised $3.25 billion by selling U.S. dollar-denominated Islamic bonds with 5-year and 10-year tenures, the country`s biggest global sukuk issuance, the finance ministry said on Wednesday..

Việt Nam-Asia DX Summit 2022 opens in Hà Nội HÀ NỘI — The Việt Nam-Asia Digital Transformation (DX) Summit 2022 opened in Hà Nội yesterday, where experts are examining ways to further utilise the advantages of d..

Qatar to invest more than $500m in Indonesia`s `10 New Balis` Indonesia and Qatar have committed to strengthen the countries’ economic ties, with the latter agreeing to invest more than US$500 million in Indonesia’s “10 New Balis” tourism project. Trade between ..

Việt Nam joins Indo-Pacific Economic Framework for Prosperity HÀ NỘI — Việt Nam will join 12 countries in the region in the Indo-Pacific Economic Framework for Prosperity (IPEF) as US President Joe Biden launches the initiative on Monday d..

Korean celebrities in favor by luxury fashion houses as their global faces South Korean celebrities are being chased by traditionally picky luxury fashion houses to represent their brands in line with the ascension of Korean contents and their global popularity.K-pop girl gr..

Kakao Games shares up 11% on successful debut of “Uma Musume Pretty Derby” Shares of Kakao Games Corp. are running high on successful debut of new title “Uma Musume Pretty Derby,” which ranked top on Apple’s App Store by revenue on the first day of release in Korea. Kakao G..

Home-taught Korean pianist Lim Yunchan becomes Cilburn’s youngest gold medalist South Korean 18-year-old pianist Lim Yunchan has been crowned the winner of the 2022 Van Cliburn International Piano Competition, becoming the youngest-ever gold medalist in the 60-year-old piano comp..

BTS nearing military enrollment legal age taking time off, Hybe shares 23% down After uninterrupted nine-year activity and stunning ascension to unquestionable global superstar, K-pop household name BTS is taking a breather, timed with military enrollment applied to all able Sout..

Squid Game director’s 18-rating film KO Club project to be brutal satire on age conflict “Killing Old People Club (KO Club)” could be more uncomfortably brutal dystopian movie screen version of “Squid Game” to underline the extreme collective rage of modernity, said the director of the Ne..

Yakuza is the villain in the second sequel to The Roundup: director In the third film in the “The Outlaws” franchise which starts filming in July, police hero Ma Dong-seok will be fighting Yakuza or Japanese gangsters, teased Lee Sang-yong, the director behind one of ..

Korean entertainment back in the global limelight with BTS, Squid Game 2 and Roundup Korean entertainment power after the Cannes feat is back under global spotlight with music and film ascending in charts and global syndrome Squid Game 2 under making. K-pop sensation BTS dropped the..

Korean painter Woo Kukwon’s artwork sells for $241,429 in Christie`s Hong Kong Art Auction Rising artist Woo Kukwon, dubbed Korea’s next Jean-Michel Basquiat, has sold his artwork for 300 million won ($241,429), more than 23 times its estimate, to suggest the ascension in his international ..

South Korean films shine at the 2022 Cannes Film Festival South Korean films won big at the 75th Cannes Film Festival held in France with actor Song Kang-ho taking home the best actor award for drama film Broker and director Park Chan-wook clinching the best..

Korea’s football superstar Son readying a goal in business with fashion brand Tottenham’s South Korean Hotspur Forward Son Heung-min is readying to launch his fashion brand dubbed “NOS7.” Son returned home Tuesday, carrying the First Golden Boot presented to an Asian from the ..

Korean game publishers fueling Q2 pipeline on new games after hiatus in Q1 South Korean game publishers will speed up rollout of new titles in hopes to win back gamers and investors after disappointing performance in the first quarter. Kakao Games Corp. will introduce “Uma ..

Biggest K-pop fan celebration KCON kicks off global premier roadshow in Tokyo An offline event by the KCON, the world’s largest fan celebration of Korean culture and music, held for the first time in two years in Tokyo was met with enthusiastic response by Japanese fans. The K..

League of Legends Mid-Season Invitational kicks off in Busan, Korea The League of Legends (LoL) Mid-Season Invitational (MSI), hosted by Riot Games, kicked off in Busan on Tuesday, in the first contest held in South Korea and first offline event in two years. The MS..

Kang Soo-youn, Korea’s first internationally recognized actress, dies at 55 Kang Soo-youn who had been among the first South Korean actresses to claim international awards, passed away on Saturday at the age of 55. She was admitted to the hospital last Wednesday after being..

Korean gamers leveraging on blockchain as crypto names became big e-sports sponsors South Korean gaming companies are linking up with cryptocurrency companies as they emerge as rising sponsors for e-sports. Korean game developer Krafton Inc. is considering incorporating blockchain t..

International bestseller and Apple TV+ hit Pachinko finds new publisher in Korea Korean publisher Influential has won the publishing rights to Korean American author Min Jin Lee’s bestseller Pachinko after royalties have gone up to 1 billion won ($794,218) due to popularity of its..

Kakao Webtoon to accelerate global push with service launch in Indonesia South Korea’s Kakao Entertainment is speeding up its global foray with the launch of its webtoon platform Kakao Webtoon in Indonesia boasting of the world’s fourth largest population of about 280 mill..

Pearl Abyss stock tumbles in line with the slide in Black Desert Mobile rank in China Shares of Pearl Abyss’ “Black Desert Mobile” sank 24 percent Wednesday after much-awaited “Black Desert Mobile” label in China quickly slid from No. 1 upon one-year-late debut on Tuesday. Pearl Abyss..

Patents adding high-tech to K-pop on the rise South Korea’s entertainment agencies are actively engaging blockchain, metaverse, and other new technologies to capitalize on expanding fandom towards Korean entertainers, given the rush of patents re..

Shares of Hybe rally amid renewed BTS military exemption talk Shares of Hybe, the label behind BTS currently occupying Las Vegas with city-wide events to celebrate their live concerts, have been uplifted Wednesday on renewed expectations for conscription excepti..