Kia Motors develops military tactical trucks for army and civilian application South Korea’s Kia Motors Corp. is building military vehicles for the Korean army to extend application for military-style heavy-duty civilian SUVs and trucks. The company announced Wednesday it held a..

Samsung C&T to pull out of coal business after Vung Ang 2 project Samsung C&T Co., the de-facto holding entity of South Korea’s largest conglomerate Samsung Group, vowed to exit the coal market after it is done with projects in Korea and Vietnam. The trading and c..

SK Telecom to launch SE Asian integrated app store with Singtel and AIS South Korean wireless major SK Telecom Co. which spearheaded a combined app marketplace with local rivals has teamed up with its peers in Singapore and Thailand to launch a gaming community platform i..

Hyundai Motor turns avid in viral and inventive marketing for broader outreach Hyundai Motor Co. has become active in viral and inventive marketing to connect to younger and broader consumer base at home and abroad.According to the automaker on Tuesday, cumulative users of the C..

Samsung Display gets U.S. nod to ship OLED displays to Huawei South Korea’s Samsung Display Co. received a go-ahead from the U.S. government to supply panels to Huawei Technologies Co., the first Korean entity to gain clearance since Washington required all supp..

Samsung SDS logs best quarterly revenue Q3 on brisk logistics biz South Korea’s Samsung SDS Co., an IT and technical service providing company, posted a record quarterly revenue in the July-September period, due to strong contribution from its fledgling logistics bu..

Coupang poised to join music, video streaming service market Coupang Corp., South Korea’s top e-commerce player, is poised to launch music and video streaming content service business. The company recently added the business area of online music and video str..

Hanwha Energy nabs solar-storage plant project in Hawaii South Korea’s Hanwha Energy Corp. said Tuesday it clinched the Kupehau Solar Project to build a solar-storage plant in Hawaii. The project, commissioned by the Hawaii Electric Power Corporation, is ..

Hyundai Motor to release Genesis brand in China next year Hyundai Motor Co. will launch luxury Genesis brand in China next year in hopes to recover presence in the world’s largest auto market through premium appeal. The Genesis brand will be showcased at t..

Seoul Semiconductor reports bumper Q3 profit on record-high sales South Korea’s light-emitting diode (LED) maker Seoul Semiconductor Co. closed the third quarter with operating income more than doubled from a year ago on record-high sales, thanks to its proprietary ..

LG Chem shares lose and SK Innovation up as ITC puts off ruling once again The U.S. International Trade Commission (ITC) on Monday (local time) put off its final ruling on patent dispute between LG Chem Ltd. and SK Innovation Co. for the second time, giving the two Korean ba..

CJ and Naver sign $531 mn stock swap deal for mega alliance in ecommerce, contents South Korea’s CJ Group and Naver Corp. said Monday they have struck a 600 billion won ($531 million) share-swap agreement to forge a mega alliance in ecommerce and entertainment. CJ ENM Co., the ent..

Kia Motors raises $173 mn in OP in Q3 despite engine defect reserves Kia Motors Corp., South Korea’s second-largest carmaker owned by Hyundai Motor Group, earned nearly 200 billion won ($178 million) in operating profit in the third quarter despite massive reserves set..

Daewoong tumbles after ITC’s import body recommends permanent ban on its botox Shares of Daewoong Pharmaceutical dipped 8 percent Monday as its botox products could be permanently ousted from the U.S. market after the Office of Unfair Import Investigations (OUII) under the U.S. ..

Hyundai Motor reports red in Q3 due to near $2 bn for recall reserve South Korea’s top automaker Hyundai Motor Co. has logged a loss in the third quarter despite double-digit growth in sales as it booked near $2 billion in reserves for voluntary recalls for engine defe..

LG Uplus to sustain winning streak in earnings in the H2 LG Uplus Corp., South Korea’s No. 3 mobile carrier, is expected to sustain strong profit streak in the second half thanks to competitive 5G contents. The company due to release third-quarter report n..

Samsung Biologics to open CDO R&D center in San Francisco on Thursday South Korea’s biosimilar manufacturer Samsung Biologics Co. will open a contract development organization (CDO) research and development center in San Francisco, the United States, on Thursday.The R&D..

LG Group backs three foreign startups this month in AI push LG Group is stepping up its innovation drive, investing in three artificial intelligence startups in Israel and the U.S. this month alone. LG Technology Ventures, the venture capital investment arm of..

Korean EV battery stocks weak as investors await important results this week South Korean electric vehicle battery makers opened the eventful week on a weak note as investors wait for cues in their future investment. The country’s top battery maker LG Chem Ltd. will hear the ..

How Samsung gene has been hand down from Lee Byung-chull to Jay Y. Lee Lee Kun-hee was chosen over his two elderly brothers by his father and founder Lee Byung-chull as the heir to Samsung Group in September 1976.The announcement made by the group founder a day before hi..

Hugel eyes 5-fold sales increase by 2025 via botox entry to China, Europe and US Hugel has released an ambitious growth goal of achieving 1 trillion won ($885 million) in sales by 2025, a five-fold increase from its current level, through the momentum of a phased entry into China ..

Celemics bags $800K deal to supply gene expression profilers to Firalis SA Celemics has signed a $800,000 contract to supply its Next-Generation Sequencing (NGS)-based gene expression profilers for neurodegenerative disease to Firalis S.A., a France-based developer and provi..

Korean researchers identifies map on Covid-19 impact on body The Korea Advanced Institute of Science and Technology (KAIST) said Monday its joint research team has identified how the novel coronavirus destroys lung cells with a lab-based 3D mini-organ culture t..

JW Holdings to license out parenteral nutrition product to China South Korea’s JW Holdings said on Monday it has signed a license and distribution agreement over its three-chamber total parenteral nutrition (PN) product Winuf with China’s Luoxin Pharmaceutical Grou..

Celltrion ascends to No.1 drug seller in Korea, beats all traditional names Celltrion is expected to outperform traditional players to ascend to the top in Korean pharmaceutical industry in terms of sale. Celltrion reported 801.6 billion won ($711 million) in sales in the f..

Three Korean genome sequencing firms picked for state genomic big data project The Korean government on Monday named three local genome sequencing companies in the state-led big data project to curate clinical and genome data.The three companies are Macrogen, DNA Link, and Thera..

Iljin Materials localizes ultra-thin copper foil for chip packaging South Korea’s Iljin Materials has developed a 1.5㎛ ultra-thin copper foil for semiconductor packaging, the industry’s thinnest level developed in Korea, the company said on Sunday.Iljin Materials shar..

Korean govt to triple current 5G speed to 1.9 Gbps South Korea can triple the 5G download speed from current level, according to top ICT policymaker. Responding to a lawmaker questioning the viability of reaching the theoretical max of 20 Gbps for 5G..

GC Pharma to produce Covid-19 shots from global pharma under CEPI network South Korea’s GC Pharma has agreed to produce Covid-19 vaccines being developed by one of multinational pharmaceutical companies for countries participating in the Coalition for Epidemic Preparedness ..

SK Innovation embarks on project to upcycle power from carbon emission SK Innovation has embarked on what could a revolutionary upcycling innovation to produce power from carbon dioxide, the culprit of heat-trapping greenhouse gases.The refiner said Wednesday its oil ref..

EDGC signs massive deal for Covid-19 kit supply to UAE Eone-Diagnomics Genome Center (EDGC), a genome analysis joint venture between Korea’s EONE Laboratories and U.S.-based Diagnomics, gained a strong footing into the Middle East through a contract to su..

Voronoi signs license-out deal on investigational targeted therapy with US ORIC Voronoi, Inc., a Korean drug discovery company dedicated to advancing novel targeted therapeutics, has entered into an exclusive license agreement with ORIC Pharmaceuticals, Inc. a Nasdaq-listed onco..

K-bio firms gears up for renewed foray into China after coronavirus pause Korean drug makers are gearing up for renewed foray into China normalizing fast from pandemic crisis.Hugel, the No. 1 botulinum toxin producer in Korea, is prepping to launch marketing of its botox la..

Daewoong to start Phase 1 trial of dewormer niclosamide as Covid-19 cure in Australia Daewoong Pharmaceutical Co.’s Phase 1 clinical trial protocol for its dewormer niclosamide as a potential treatment of Covid-19 symptoms has been authorized by Aussie health authorities. The Korean ..

LG Chem develops single-source biodegradable material as plastic alternative LG Chem has developed a new biodegradable material entirely out of corn-based glucose and waste glycero with mechanical properties and transparency equivalent to polypropylene for the first time in th..

Korean biosimilars pose formidable threat to US, European original drugs Korean biosimilar brands from Celltrion Healthcare and Samsung Bioepis are expanding drug footprint across the world, with some already overtaking established reference medications in just three to fo..

Korea’s Yuhan joins Imperial College’s drug development funding program Yuhan Corp. has signed a memorandum of understanding to fund some proof of concept collaborative projects as an industry partner for London-based Imperial College’s ICiC (Imperial Confidence in Concep..

S. Korean scientists develop ceramic lithium-air battery supporting 1,000-km driving A research team in South Korea has developed a ceramic lithium-air battery cell that can allow electric cars to drive around 1,000 kilometers (621.4 miles) on a single charge.Ulsan National Institute ..

K-quarantine solutions to be displayed at K-HOSPITAL FAIR 2020 K-HOSPITAL FAIR or Korea Hospital Innovation & Medical Equipment Exhibition & Conference will be held at COEX in Seoul on Oct. 21-23 with a highlight on ‘K-quarantine’ and digital healthcare solutions..

Korean researchers develop new robotic gripper almost like human hand The Korea Institute of Machinery & Materials said on Thursday its research team has developed a robot hand capable of handling everyday jobs as delicate as holding a fragile tofu. The robot hand or gr..

Retail investors who bought large-cap stocks before June enjoy strong returns Samsung Electronics was the favorite in the first quarter, SK Corp. in the second, and Kakao in the third among retail investors who were the primary driver of the Korean stock market this year, but o..

Korean brokerages enjoy another bumper quarter Q3 on retail stock fad South Korea’s major brokerage houses are projected to have raked in nearly $1 billion in net profit in the third quarter as stock turnover reached all-time high amid retail stock fad. According to Se..

Creditors to decide on Asiana Airlines’ capital reduction by November Creditors of South Korean full-service carrier Asiana Airlines Inc. are working on a capital reduction scheme to come to a conclusion within a month as otherwise the stock could be blacklisted for del..

CJ Olive Young shortlists PEFs for its pre-IPO share sale Several private equity funds were shortlisted in a heated race over stake offering from owner family members in South Korea’s biggest health and beauty chain store CJ Olive Young Corp. eying an initia..

Kakao Bank brings on TPG as shareholder via new share offering South Korea’s online-only bank Kakao Bank is issuing shares worth 750 billion won ($664 million), of which 250 billion won worth would go to U.S. private equity fund TPG. Kakao Bank said on Tuesday t..

LG Chem’s No. 2 shareholder NPS to oppose battery spinoff plan LG Chem Ltd.’s battery spinoff plan has hit a hiccup as its second-largest shareholder National Pension Fund (NPS) publicly displayed its disapproval, a move that may influence other institutional inv..

Shinhan Financial Q3 NP hits record high on strong non-banking biz South Korea’s Shinhan Financial Group Co. saw net profit in the third quarter exceed 1 trillion won ($1 billion) for the first time thanks to stellar performance of its non-banking businesses. Shinh..

Kakao Pay adds Goldman Sachs to underwriting team for IPO Kakao Pay, the mobile payment service for Korea’s largest messenger app operator Kakao Corp., has added Goldman Sachs to its syndicate to underwrite its initial public offering due for the first half ..

Hanjin Heavy tender draws 7 bidders including KDB Investment, KOREIT The offering of a controlling stake in South Korea’s Hanjin Heavy Industries & Construction Co. drew seven bidders, raising expectations for likelihood of a deal. According to sources from the invest..

Kakao Bank eyes $354 mn from US-based PEF TPG, may stall IPO South Korea’s online-only Kakao Bank backed by the country’s No. 1 chat platform operator Kakao Corp. expects equity investment of 400 billion won ($354.1 million) from U.S. private equity fund TPG. ..

Woori Financial Group Q3 net income tripled from the previous quarter Woori Financial Group Inc. reported its bottom line more than tripled from the previous quarter in the quarter ended September as it bulked up under holding structure. The company in a regulatory fil..

Korean smart farm company Farm8 eyes IPO in 2022 Farm8, a South Korean agricultural firm with advanced technologies in indoor farming, is seeking to public on the main Kospi in 2022 after gaining confidence from capital investment. Farm8’s biggest..

Kakao Mobility mulls pre-IPO on strong interest from investors Kakao Mobility Corp. mulls to raise pre-IPO capital as it is being chased by investors for its promising business outlook leveraging on the Kakao chat platform almost every Korean uses daily.According..

KB Financial Group records record quarterly net income in Q3 South Korea’s KB Financial Group raked in a record quarterly net profit in the July to September period thanks to fee incomes from fervent real estate and stock investments.KB Financial Group announce..

Big Hit’s No. 4 investor Mainstone led post-IPO selloff by dumping $321 mn Mainstone, the fourth-largest investor of Big Hit Entertainment, was among the main institutions that abandoned the stock soon after its Kospi listing. The South Korean investment firm and its affili..

Woori Financial Group goes after full ownership of Aju Capital South Korea’s Woori Financial Group is seeking to buy an additional 25 percent stake in Aju Capital Co. and Aju Savings Bank for full ownership to strengthen its holding portfolio. Woori Financial Gr..

GS E&C adds heat to Doosan Infracore M&A race by joining the tender South Korea’s GS Engineering and Construction Corp. (GS E&C) made a surprise bid over Doosan Infracore Co., adding to the heat over the race that already has big corporate and capital contenders from ..

Medytox seeks injunction for more administrative ban on its botox products In the ever-stretching drama over its botox, Medytox challenged the Korean healthy and drug authority to cancel its administrative ban on production and sales of additional botox products under the la..

Korea’s M&A market in recovery Q3 after stagnation Merger and acquisition (M&A) activities have picked up in the third quarter in South Korea in line with vitality in the stock market and increase in distressed companies due to lengthening of the viru..

JW Pharma benefits from news of anti-inflammatory drug efficiency in Covid-19 JW Pharmaceutical came under limelight in the stock market upon reports that anti-inflammatory drug Actemra (tocilizumab) demonstrated effects on critically ill patients with laboratory-confirmed Covi..

The financial-rich in Korea doubles and value of their assets also double in a decade The number of super-rich South Koreans with financial assets of 1 billion won ($884,955) or more has more than doubled over the past decade, data showed Wednesday. According to 2020 Korea Wealth Repo..

Korea’s consumer sentiment in Oct jumps by fastest pace in nearly 12 years South Korea’s consumer sentiment in October rose by the fastest pace in nearly 12 years, bouncing back to pre-Covid-19 levels as the country returned to normalcy after the months-long restrictions to ..

Korea’s 2020 corporate tax income to be off 22% from last year: study South Korea would see a budget shortfall of 2.5 trillion won ($2.21 billion) in this year’s corporate tax income, down 22.4 percent from a year ago due to the economic fallout from the coronavirus, a ..

Korea GDP up 1.9% Q3, recovering better than expected from H1 recession South Korea shook out of a recession in the first half with a bigger-than-expected rebound in the third quarter to raise expectations for less severe annual negative growth in the pandemic-battered 20..

S. Korea and China extend currency swap deal by 5 yrs, raises ceiling to $59 bn South Korea and China on Thursday extended their currency swap agreement by another five years, with the ceiling bumped up from $56 billion to $59 billion. The Ministry of Economy and Finance said on..

Korean banks go abroad due to stifling local regulations South Korean lenders are moving increasingly abroad to avoid regulations and stiff competition at home. Korea’s five major banks – KB Kookmin, Shinhan, Hana, Woori, NH NongHyup – ran a to..

Korea’s Oct 1-20 exports down 5.8%, but daily exports up 5.9% Exports in South Korea in the first 20 days of October declined 5.8 percent from the same period a year ago, but daily export increased 5.9 percent, suggesting fragility in external demand. Outbound..

Korean won hits 18-mo high with room to go higher The Korean won hit an 18-month high, tracking the strengthening Chinese currency, and analysts are betting that it may break the 1,120 won mark depending on the upcoming U.S. presidential election res..

Korean watchdog proposes to kick Lime Asset out of business South Korea’s financial watchdog on Wednesday proposed the hardest punitive action against Lime Asset Management, the scandal-ridden local hedge fund accused of causing investors nearly $1 billion in ..

Korea goes on blowout sales in Nov with bargains up to 80% and gift offers South Korea’s offline and online retailers prep their biggest blowout bargains, timed with the Korea Sale Festa (KSF) season running from Nov. 1 to Nov. 27 Black Friday, shaving price tags up to 80 pe..

S. Korea’s demand deposit turnover hits record low in Aug Money velocity in South Korea remains depressed despite record fiscal spending and low interest rates as consumers withhold spending amid uncertainties from the coronavirus pandemic. Demand deposit t..

Borrowing terms sharply improve for Korean financial issuers due to strong foreign demand Borrowing conditions sharply improved for Korean financial institutions whose creditability is on par with sovereign credit rating at third to fourth highest in global rating scale as investors find t..

Korea’s auto industry marks double-digit growth in output, shipments South Korea’s automobile industry may have passed its worst from pandemic crisis, with output and domestic and overseas shipments all in double-digit rebound. According to data released by the Minist..

Korean export prices slide for 2nd straight month in Sept on weak oil prices South Korea’s export prices fell for the second straight month in September on weak international oil prices. The country’s export price index in September dropped 0.3 percent from the previous month..

S. Korea’s jobs down by biggest in 5 mos, idled population largest-ever in Sept South Korea shed nearly 400,000 jobs in September, the biggest loss in five months, while the idled in economically inactive category stretched to the largest-ever for the month due to resurgence and ..

S. Korea to make hydrogen fueling mandatory from 2022 Hydrogen will be separated from South Korea’s renewable portfolio standard from 2022 requiring state utilities to meet a certain quota in the fuel purchase separately from other renewable sources as a..

BOK chief hints at pause in additional monetary easing for this year (Updated with quotes from BOK governor) South Korea’s central bank is likely to hold off additional easing for the year and won`t move to tightening unless it is sure the economy is safely back on a..

S. Korea’s central bank holds interest rate steady at record low 0.50% South Korea’s central bank kept the policy rate steady at a record low on Wednesday, as expected, amid questions about the effectiveness of the ultra-loose monetary policy at a time when money circula..

S. Korea’s Sept. household loan growth fastest in 16 years South Korea’s household borrowing extended record-breaking growth streak for the second straight month in September as individuals stayed feverish over new housing and stock offerings. According to d..

S. Korea’s fiscal deficit more than triples as of August on year South Korea’s fiscal deficit has more than tripled over the past year after the government stretched the budget four times this year to sustain the economy from prolonged battle with pandemic crisis.A..

S. Korea boasts fastest internet connection, triples the global average South Korea reigns in internet connectivity with the fastest 5G networks. The country ranked No. 1 with an average internet connection speed of 121 megabit per second (Mbps) on Speedtest Global Index..

Video-based medical services available for overseas Korean residents from Nov Limited telemedicine services will become available as early as next month for overseas Korean residents under regulatory sandbox system enabling companies to test out remote doctoring, which until no..

S. Korea allows duty-free operators to sell goods to local consumers until further notice South Korean duty-free operators will be allowed to offer tax-free stocks at home until the government decides otherwise.The Korea Customs Service said on Tuesday that it will allow import clearance o..

Smuggling, illicit FX trading in Korea plunge on Covid-18 travel restrictions Illegal smuggling and currency trading significantly eased as the Covid-19 has put international air travel to a virtual stop, government data found.Korea Customs Service said Sunday that it cracked d..

Korea’s FTC sees Google harming domestic fair competition South Korea’s antitrust watchdog finds multinational Google damaging fair competition in the internet market with its abusive use of dominant power to suggest it will likely come up with punitive or r..

Korean vaccine stocks recover as state continues with jab program despite rising deaths Stocks behind Korean flu vaccine makers bounced back after the government announced it will proceed with state-sponsored flu vaccination program despite calls for suspension, with death tolls after ge..

Japan mulls quarantine-free 3-day business trips for nationals from Korea, others Japan may include South Korea among select other nationals to allow exceptional 72-hour stay in the country to help normalize business activities amid protracted pandemic crisis.Citing multiple offici..

Netflix owes much to South Korea for growth and contents Netflix owes much to South Korea for sustaining growth amid overall global stagnation.According to its earnings report Netflix added 2.2 million net new paid customers worldwide in the third quarter, ..

Seoul mulls charging, parking space near subways plus fare discounts for e-kick riders Electronic kicks and scooters proliferating fast as last-mile easy and cheap transportation are expected to gain more grounds in Seoul as the city government mulls to install charging and parking spac..

S. Korea to lift all restrictions on face mask exports from Fri There will be no restriction in face mask exports from South Korea starting Friday, the Ministry of Food and Drug Safety announced on Tuesday. The country has been controlling outbound shipments of ..

AmorePacific chair family under favoritism suspicion related to Kangwon Land Connected families of Korean cosmetics giant AmorePacific Group chairman Suh Kyung-bae have come under suspicion of benefiting from favoritism by monopolizing procurements from state-owned casino oper..

BAI questions economic valuation of Wolseong 1, but falls short of finding fault The state nuclear authority rushed to decommission South Korea’s oldest nuclear reactor Wolseong 1 after questionable underestimation of its economic value, the Board of Audit and Inspection announced..

S. Korea eager in reopening air routes to China, but stalls with Japan Air routes between South Korea and Japan remain rare despite allowance of quarantine-exemptions for business trips starting this month, whereas borders have much normalized with another closest neighb..

Seoul hosts global contest for ideas and technologies to improve subway air Seoul government is sponsoring a contest on innovations and models to improve air quality in subways with total prize money of 690 million won ($603,674).The Seoul Metropolitan Government and Seoul Bu..

S. Korea may set annual limit on duty free allowances for cross-border purchase South Korea is mulling to set an annual maximum on duty exemptions on cross-border goods purchases from 2022.The Ministry of Economy and Finance has embarked on the study on the suggestion from the cu..

S. Korea’s car-hailing market suddenly heats up with big and diverse choices Ride-hailing service suddenly heated in South Korea after it was feared to have been killed with the exit of van-hailing Tada and legislation banning unlicensed chauffer-driving commercial business.So..

Korea’s economically active to make up just half of population by 2040 South Korean population will fall below the 50 million threshold two years later, and the economic active number will barely make up half of the population 20 years later, according to the estimate by..

Wi-Fi in South Korea will be in high-frequency 5G from next year Free Wi-Fi in South Korea will be in high-band 5G allowing data speed up to 2.1 gigabytes per second from next year.The government on Thursday opened up a plot of spectrum in the 6GHz band for unlicen..

U.S. Under Secretary Krach bids Seoul to join anti-China 5G Clean Network Keith Krach, United States Under Secretary of State for Economic Growth, Energy, and the Environment, urged South Korea to join the U.S.-led Clean Network initiative for 5G, or the alliance of “truste..

Eight out of 10 Korean firms do not wish to bring back overseas operations to home Eight out of 10 South Korean companies do not wish to bring back overseas operations to home despite incentives from the government largely due to labor-related issues, a survey showed.According to a ..

Government considers additional support policies for industrial sector HÀ NỘI — The Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Việt Nam`s industrial sector, especially t..

Bank Islam issues RM700mil sukuk under RM10bil sukuk Murabahah issuance KUALA LUMPUR: Bank Islam Malaysia Bhd has today issued the third tranche of RM700 million subordinated sukuk under its RM10 billion Sukuk Murabahah programme. This is the second sukuk issuance by Ban..

Domestic car sales down 4.1% y/y - FTI Domestic car sales shrank for a 16th straight month in September, down 4.1% from a year earlier to 77,433 vehicles, as the coronavirus outbreak hurt demand, the Federation of Thai Industries (FTI) sai..

Vietnamese exporters could gain US$633 million by increasing trade with India A booth showcasing Vietnamese fruits in India. India is now one of Việt Nam’s top 10 trading partners, and Việt Nam ranks as India’s fourth-largest ASEAN trading partner. — Photo con..

Prayut: New finance minister next week Prime Minister Prayut Chan-o-cha has ended speculation that outgoing finance permanent secretary Prasong Poontaneat could be the new finance minister. He said the new finance minister will be a famil..

VN stocks expected to keep progressing amid international pressure HÀ NỘI — Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast. However, international news may hinder market momentum and..

Malaysia hopes US will accept FGV`s explanation JOHOR BAHRU: Malaysia hopes that the United States will accept FGV Holdings Bhd`s explanation in regard to allegations of forced labour which had prompted the US Customs and Border Protection (CBP) ag..

VN needs to develop raw materials production to take advantage of EVFTA Processing of garment products at the Tiên Hưng Garment Joint Stock Company in Hưng Yên Province. In 2019, Việt Nam`s textile and garment export value to the EU reached $4.3 ..

PM sounds protest alarm Prime Minister Prayut Chan-o-cha on Tuesday warned that the country will lose an opportunity to move forward if the anti-government protests persist. Speaking after Tuesday`s cabinet meeting, Gen Pra..

Domestic flights to and from Đà Nẵng resumed HÀ NỘI — Vietnamese airlines will now be allowed to resume domestic flights to and from Đà Nẵng after more than a month of social distancing due to the COVID-19 outbre..

Malaysia seeks to reroute $10.6bn China rail project KUALA LUMPUR: Malaysia`s government on Tuesday said it will seek to reroute a $10.6 billion rail project being built across the peninsula under China`s "Belt and Road" trade initiative, and as a resul..

Govt to announce IR4, national digital roadmap KUALA LUMPUR: Malaysia will soon announce the Industry 4.0 plan and national digital roadmap, including digital infrastructure and data policy, Communications and and Multimedia Minister Datuk Saifudd..

Japan, Taiwan to reopen borders for residents from Sept 8 Japan and Taiwan have agreed to reopen their borders for newly arriving expatriates and other long-term residents from Sept. 8, easing restrictions imposed due to the coronavirus pandemic, the Japanes..

Free stay permit waivers extended until September 30 HÀ NỘI — Foreigners who entered Việt Nam from March 1 can have their temporary stay permits automatically extended for another month until September 30, the Immigration Departme..

Finance minister: Economic fundamentals still solid amid pandemic Thailand`s economic fundamentals and fiscal position remain strong in the face of the pandemic-induced recession and the "worst is behind us", new Finance Minister Predee Daochai said on Wednesday. S..

Business groups say omnibus bill could boost worker productivity With Indonesia’s low worker productivity standing as a barrier to investment, some businesspeople are expecting a proposed wage scheme in the government’s omnibus bill on job creation to help reverse ..

Indonesia records FDI decrease in second consecutive quarter Indonesia recorded a further decline in foreign direct investment (FDI) realization in the second quarter this year, as the COVID-19 pandemic batters both the national and global economy. The Investm..

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..

NC Dinos owes to NCSoft capital and data analytics for its first KBO title NC Dinos, a baseball team of South Korean game developer NCSoft Co., clinched its first-ever championship for Korea Baseball Organization (KBO) regular season last Saturday on the back of bold investm..

Top 1% singers earn $3 mn income, richest among Korean entertainers The 1-percent richest Korean singers earn an annual average of 3.4 billion won ($3.01 million) a year, or more than half of total income made by singers in Korea and double than the best-earners in ac..

BlackPink zooms to the Billboard Artist 100 peak, BTS follows K-pop girl group BlackPink has zoomed up to the top on the Billboard Artist 100 chart, making history of becoming the first all-female group to hit the No.1 place since the chart was released in 2014...

BTS reigns No. 1 and 2 on Billboard Hot 100 after “Savage Love” remix goes to the top K-pop sensation BTS name commanded No. 1 and 2 on the U.S. Billboard Hot 100 songs chart after the latest remix version of hit song “Savage Love” featuring the group went to the top, a rare feat after..

S. Korea joins Mipcom 2020 as Country of Honour South Korea’s cultural content will be in the spotlight at this year’s Mipcom (International Market of Communications Programmes), the world’s leading television industry trade show for promoting ente..

BTS “Dynamite” spends six weeks at top ranks of Billboard Hot 100 K-pop superstar BTS has extended its reign on the Billboard Hot 100 songs chart, with its latest single “Dynamite” at No. 2 for the sixth week. BTS’ Dynamite debuted at No. 1 on the chart as the fir..

BTS “DNA” MV exceeds 1.1bn YouTube views The music video of K-pop superstar BTS’ 2017 song “DNA” topped 1.1 billion views on YouTube on Monday, just four months after surpassing a milestone of 1 billion YouTube views in June this year. The ..

BTS’s new album “BE (Deluxe Edition)” arrives on Nov. 20 K-pop phenomenon BTS will meet with global fans with new album “BE (Deluxe Edition)” due out on Nov. 20, its producer Big Hit Entertainment announced at the fan community platform Weverse on Monday. ..

Warner Bros exiting from film production in South Korea Hollywood filmmaking major Warner Bros. will no longer invest or produce films in South Korea due to poor results in its latest productions. “We have already stopped making new investments in Korean..

Kingdom’s AStory gains stock momentum with new K-drama “Jirisan” AStory, a Kosdaq-listed drama producer behind “Kingdom” and “My First First Love” sponsored by Netflix, has gained upward momentum for its stock, with the release of next show “Jirisan” starring well-..

BTS returns to UN General Assembly podium to deliver address on Wednesday K-pop superstar BTS enjoying new peak in global music charts returns to United Nations General Assembly podium this year.The Korean Committee for UNICEF said Tuesday that the U.N Group of Friends of S..

BTS Universe Story to hit market on Sept. 24 BTS Universe Story, another interactive mobile storytelling game featuring K-pop superstar BTS members, will be out in the global market on Thursday, said South Korea’s leading game developer Netmarbl..

Korean game names eager in turning out console versions in popular labels Korean game publishers have turned eager in rolling out console games based on their popular labels to win over homebound people around the world under pandemic environment. Netmarble has launched a..

BTS, Blackpink rewrite K-pop history K-pop stars have conquered the Billboard Hot 100 charts, with BTS’ “Dynamite” securing its reign for the second week and Blackpink debuting at No. 13 with their latest single “Ice Cream.” BTS spent ..

Netflix, Alphabet, Alibaba founders mentor upcoming startup premier Try Everything Startups will share the spotlight with global pundits and entrepreneurs in their discussions on pandemic challenge before the global audience during the World Knowledge Forum run on Sept. 16-18 with t..

WKF: YouTube stars to host livestream programs to blend entertainment with knowledge YouTube stars will offer commentaries and coverage of Asia’s largest annual business agenda event World Knowledge Forum available to subscribed audiences online during its Sept. 16-18 run. Maekyung ..

NCSoft’s new music game Fuser to hit North America, Europe markets in Nov South Korean gaming giant NCSoft Corp. will launch its new console and PC video game Fuser in the Americas and Europe on Nov. 10. Fuser, developed by American video game company Harmonix and to be p..

Big Hit gives each BTS member pre-IPO shares worth up to $20 mn K-pop superstar BTS is set for a huge windfall as their producer Big Hit Entertainment has rewarded all seven members with equity shares ahead of its initial public offering next month that could make..

BTS fans wrap entire KTX train in ad to celebrate Jungkook’s birthday BTS member Jungkook received a separate spotlight on Tuesday with his images adorning a 388-meter-long Korean express train in a lavish birthday gift from his Chinese fans. Photos of Jungkook and ph..

Cube Enter signs deal with China’s Alibaba to back K-pop activities in China South Korea’s Cube Entertainment signed an exclusive contract with Alibaba Group to receive support from the China’s online giant for activities of its K-pop artists and celebrities in China.According..