Genesis, Kia, Hyundai top J.D. Power Initial Quality rank for 2nd straight year Genesis, Kia, Hyundai – marques under Korea’s Hyundai Motor Group – swept the top 3 places on J.D. Power’s annual quality study of new cars sold in the United States for the second year in..

Mirae Asset to bring WeChat Pay to Korea, signs up for payment gateway service South Korea’s Mirae Asset Daewoo became the country’s first brokerage house to go digital by launching a payment gateway (PG) service with eyes on the global payment market through ventures with overs..

Korea’s LG Display dominates global auto display market in Q1 South Korea’s LG Display supplied to the most displays for motor vehicles around the world in the first quarter, suggesting automotive panel as its new growth engine.While global shipment of auto disp..

Woori Financial Group to launch venture capital subsidiary South Korea’s Woori Financial Group Inc. will establish a venture capital firm within the year and place it under the holding entity to boost its support for promising startups, as part of its plan to..

Hyundai Motor unit Hyundai Glovis sets up truck delivery company in U.S. Hyundai Glovis Co., a logistics unit under South Korea’s Hyundai Motor Group, has added a truck-based freight transport unit in the United States to bolster its road connection for faster inroads in N..

Immunotherapy developer Genexine to merge with genome-editing Toolgen South Korean biotech companies Genexine and Toolgen have agreed to merge their businesses to create a single entity to develop and edit gene therapy to speed up novel drug making. Kosdaq-listed Gene..

Posco retains No. 1 global steelmaker title for 10th year: WSD South Korea’s Posco remains atop in steelmaking competitiveness for the 10th year, according to the latest ranking by the World Steel Dynamics (WSD), global steel industry analysis agency. The honor ..

Busan Port Authority to build logistics center in Rotterdam South Korea’s Busan Port Authority will build a logistics center near the Port of Rotterdam in the Netherlands, the gateway to Europe, to mainly serve Korean companies with European operations. Busa..

Samsung lights up NY Times Square with gigantic LED display Samsung Electronics said on Wednesday it has installed a massive state-of-the-art LED display at the One Times Square building in Manhattan to add to the iconic scene of one of the world’s favorite an..

UBS becomes latest to project SK Hynix to report red figures in Q4 Prospects have turned bleak for Korea’s SK Hynix Inc. with a select local and overseas institutions starting to flag the possibility of the world’s second-largest memory chipmaker sinking into the red..

Korean Air signs to add 30 B787 passenger jets to its fleet Korean Air has inked a massive deal worth 11 trillion won ($9.33 billion) with Boeing to introduce 30 B787 passenger jets to bulk up its fleet for mid- to long-haul operations. According to industry..

Hyundai, Kia connected car service users top 1 million in Korea South Korea’s largest automaker Hyundai Motor Co. and its smaller sibling Kia Motors Corp. have attracted over 1 million users to their connected car service in Korea. Connected car refers to a car eq..

Hyosung TNC showcases new spandex yarn for extreme sports in US Hyosung TNC Corp., a textile and trading firm under South Korea conglomerate Hyosung Group, is targeting the sportswear market in the United States with its new spandex yarn. Hyosung TNC said Tuesda..

Samsung Electronics, SK Telecom team up for 6G network R&D Samsung Electronics Co. and SK Telecom Co. have teamed up to take 5G service to the next level, while advancing toward the era of 6G. The two Monday agreed to conduct joint research on upgrading 5G so..

KT to invest $422 mn to ramp up 5G-powered B2B cloud service South Korea’s top telecom company KT Corp. will invest 500 billion won ($422 million) in cloud business and add 1,000 tech experts by 2023 to provide convergence digital services such as smart city, s..

Korea’s LS C&S bags $95 mn power grid deal in Kuwait South Korea’s leading cable manufacturer LS Cable & System Ltd. (LS C&S) has secured a 112.5 billion won ($95 million) worth contract to build power grid in Kuwait. Under the contract with Kuwait`s ..

Doosan Infracore goes all-out to bring digital innovation South Korea’s heavy construction equipment maker Doosan Infracore Co. announced its new slogan ‘Powered by Innovation’ on Tuesday, which is aimed at creating new values through digital innovation and ..

Hyundai Motor ramps up robotics research in automation push South Korea’s largest automaker Hyundai Motor Co. is seeking automation in not only driving but across its factories and dealers with the deployment of industrial and commercial robots. According to l..

Korean carmakers to face fines for minimum wage violation despite high salary South Korean automakers could face fines for violating the country’s minimum wage act next month even though they already pay handsome wages to their employees. The country’s largest carmaker Hyundai ..

Woori Financial Group arranges $28 bn loan package for startups South Korea’s Woori Financial Group plans to inject 33 trillion won ($27.8 billion) in startups and small enterprises over the next five years to help drive innovation in the country. The loan packag..

SK Biopharm’s sleep disorder drug to be launched in U.S. in July Solriamfetol, a sleep disorder drug developed by South Korea’s SK Biopharmaceuticals and licensed out to U.S-based Jazz Pharmaceuticals, will debut in the U.S. next month.According to industry sources..

S. Korea launches tournament to tackle tough industry challenges The South Korean government has set out to solve some of the toughest technology challenges facing the industry today through a tournament-style funding scheme. The Ministry of Trade, Industry and E..

KT and SKT sweep honors at 2019 5G World Award KT Corp. and SK Telecom, South Korea’s leading mobile carrier that were first to roll out commercial 5G service, swept global awards for raising the bar in wireless technology.KT said on Thursday that..

Green Cross Holdings sets up cell therapy entity in San Diego South Korea’s Green Cross Holdings on Thursday has established a local entity in the United States devoted to cell therapy business. Artiva Biotherapeutics, located in San Diego, will be headed by T..

S. Korea’s 5G subscribers top 1 million The total number of 5G mobile phone subscribers in South Korea has surpassed the 1 million mark as the country’s three telcos steadily expanded coverage areas and increased service quality, the govern..

Samsung Elec hosts 8K summit as TV contest intensifies for next-gen leadership The competition over the supremacy in next-gen TV between the two Korean majors Samsung Electronics and LG Electronics has spread to 8K as they vie to win standardization with their separate display t..

Korea’s Huons cements R&D partnership with chemical institute on new drugs South Korea’s pharmaceutical products manufacturer Huons Co. said on Tuesday that it signed an agreement with Korea Research Institute of Chemical Technology, the country’s national chemical research ..

Hyundai Rotem, Hyundai Motor team up to develop hydrogen train Betting big on hydrogen fuel, Hyundai Motor Group aims to unveil electric trains powered by fuel cells hopefully by the end of next year. Hyundai Rotem, a rolling stock producer under the automobile..

Highspeed internet becomes a “must” public service in Korea from ‘20 Superfast and cheap internet connection that has earned South Korea the moniker as the most wired country in the world will have more truth as it would become as mandatory as public and fixed-line pho..

5G migration grows fast, first-month data use totals 22GB in April The monthly data consumption by South Korean 5G subscribers averaged 22 gigabits per person in April, the first month of the commercial 5G service, which is almost three times higher than 8.4 gigabits..

SK Telecom demos 5G-ATSC 3.0 broadcast service for moving vehicle South Korea’s SK Telecom for the first time in the world demonstrated its advanced automotive platform based on new broadcasting technology standard ATSC 3.0 that enables drivers and passengers to exp..

Yuhan’s new lung cancer drug confirms efficacy; phase 1 trial approved in US South Korea’s Yuhan Corporation said on Monday interim data from phase 1 and 2 clinical trials of its new non-small cell lung cancer (NSCLC) drug lazertinib have demonstrated efficacy and safety, brig..

Samsung Elec rolls out power controller chips for superfast charging South Korea’s Samsung Electronics Co., the world’s biggest chipmaker which has been actively diversifying its chip portfolio, said on Tuesday that it began mass production of SE8A, a power delivery co..

Samsung’s new AI technology can create fake interview video with single face image Samsung Electronics has developed a new artificial intelligence technology to turn still images into a video to show various facial expressions and movements of a person. According to industry source..

LG Electronics recruits University of Toronto for its AI brain power LG Electronics Inc. has added artificial intelligence specialists of the University of Toronto to its pool of brain power responsible for future competitiveness. The Korean electronics maker said i..

Kumho Tire develops world’s first 20-inch 45R tire for light commercial vehicles Korea’s Kumho Tire Co. said on Tuesday it is providing new 20-inch low profile tires for Hyundai Motor’s minibus Solati limousine. Kumho’s new 20-inch low profile tire upgraded from Portran KC53 fea..

SMC and startup to develop stem cell therapy to treat infant brain disorders Seoul-based Samsung Medical Center (SMC) announced on Monday it has signed a technology transfer agreement with Medinno, a local biotech firm, over investigational stem cell therapy to treat hypoxic-i..

Samsung Electro rolls out super-slim 5x optical zoom camera module Samsung Electro-Mechanics Co., a South Korean industrial part maker under Samsung Group, said on Monday it began mass production of its super-slim 5x optical zoom camera module for smartphones this mo..

LG Electronics designs brain-like chip to make appliances smart LG Electronics said on Thursday it has developed a processor chip that can make household machines think like human brain and perform on its own. The product Neural Engine is an AI processor that i..

IBM quantum computer to be on display at Maekyung-IBM Think Summit in Seoul A model of the world’s first integrated quantum system for scientific and commercial use, built by global computing giant IBM, will be displayed at the 2nd Maekyung-IBM Think Summit KOREA for the firs..

Korean won and stocks gain on hopes for Trump-Xi summit to ease trade tensions The South Korean won gained a fresh momentum of strengthening after hopes were raised for softening in the trade war between the United States and China upon news that the two state leaders will be ho..

Under 30s lead the surge in Koreans’ overseas stock invest: Shinhan report Tech-savvy and agile group of under 30 has led the jump in Korean offshore securities trade, according to a local investment bank. According to a study by Shinhan Investment Corp on its 30,000 custo..

Gold prices hit record high in Korea amid frenzied rally on economic uncertainties Gold prices are rallying in Korea to join global gold-buying spree amid growing economic uncertainties from intensifying trade war between the United States and China and absence of investment targets..

FSS to introduce AI to increase efficiency in fund contract screening South Korea’s financial watchdog is seeking applications to select a business to develop an artificial intelligence (AI) system to support human decision making in examining terms and conditions of ne..

Merrill Lynch faces sanctions for extreme scalping role in Korea U.S. brokerage Bank of America Merrill Lynch is facing possible disciplinary action from South Korea’s stock exchange authority for its alleged role in market-disrupting high-frequency trading on beha..

Kosdaq-listed Cuchen, Bubang shares soar on news of full integration Shares of Korean rice-cooker manufacturer Cuchen Co. and its holding entity Bubang Co. surged by a 30-percent daily limit high on Monday on news of the full integration of the two companies. Bubang ..

Mirae Asset Global Investments reaps $135 mn from sale of Frankfurt building South Korea’s leading asset manager Mirae Asset Global Investments Co. has cashed out of a German office building it bought two years ago, earning 120 million euros ($134.6 million) from the investmen..

Korean brokerages deliver record net profit in Q1 South Korean brokerages reported an all-time high net profit in the first quarter as strong proceeds from bonds, stocks and other assets offset heavy losses in derivatives trading. The estimated net..

Korean bond fund returns surge on rising risk aversion, rate cut bet South Korean bond funds have been outperforming all other capital instrument tools amid frenzied bond rally from bets on interest rates going lower due to deteriorated economic conditions. According ..

Korean Inc. to pay out record interim dividends this year Listed Korean companies are expected to shell out a record interim dividend upon closing their half-year statements in June as they comply with stronger shareholder demands under the practice of the s..

Advisory panel launched to aid Korean Inc. sell agendas at shareholders mtgs Korea Listed Companies Association (KLCA) will launch a governance committee advising the companies to better pitch their management decisions in shareholders’ meetings. The committee consisting of 1..

Woori Financial issues $253 mn in 10-yr subordinated bonds at 2.28% South Korea’s Woori Financial Group Inc. sold 300 billion won ($253 million) in 10-year subordinated bonds to beef up ammunitions for M&A following its transition to holding structure. The Korean wo..

Foreigners buy record S. Korean bonds in 11 yrs in May Fuelling the Korean bond rally amid heavy bets on a rate cut, foreign investors net purchased more than $6 billion worth in May, a record in more than 11 years as cheaper Korean won also added appeal ..

Korean firms getting unclean audit reports surge 48% in 2018 The number of listed firms in South Korea failing to receive clean audit report for their fiscal 2018 year surged under tightened auditing regulation. According to data released by Daishin Governance..

Tailim Packaging, Tailim Paper auction draws multiple bidders Multiple bidders have joined the competition to take over Korea’s top boxing material makers Tailim Packaging and Tailim Paper, raising prospects for a final deal that could near $1 billion amid heate..

Japan’s SMBC cashes out of KB Financial by selling its last 0.53% stake Japan’s Sumitomo Mitsui Banking Corp. (SMBC) cashed out its remaining 0.53 percent stake in Korea’s KB Financial Group Inc. as part of efforts to reorganize its overseas portfolio. SMBC sold off 2 mi..

KCGI to up share in Hanjin Kal to 20% to become more vocal: Yuanta Securities Korean activist private equity fund KCGI is expected to use the gains from its earlier investment to further raise its share in Hanjin Kal Corp. to strengthen control over the family-owned transportat..

Korean exchange to probe Citadel Securities, Merrill Lynch on high-frequency trading South Korea’s stock exchange authority will probe any illegalities behind suspected high-frequency trading by the U.S. brokerages Citadel Securities and Bank of America Merrill Lynch. According to f..

MP Group faces delisting in Feb 2020 if it wastes final grace period South Korea’s scandal-ridden MP Group, parent of home-grown pizza chain Mr. Pizza, has been given the last eight-month grace period to turn itself around before it gets the final boot from the bourse...

Short-selling hits 7-mo high in May amid widening skepticism on Korean Inc. Short-selling in Korean shares surged to their highest in seven months in May to suggest deepening skepticism on the Korean Inc. According to Korea Exchange on Monday, the total daily trading value o..

Korea’s producer prices in May unchanged on month South Korea’s producer prices in May stayed flat against a month earlier as rising global oil prices were offset by a fall in agricultural produce prices, suggesting inflation will likely stayed mired..

S. Korean job additions sharply improve Q4 2018 led by govt spending South Korea added 359,000 jobs in the fourth quarter of last year, led by an increase in jobs in health and social welfare service sector through government funding. Construction, rent service, and ma..

Govt vows to revive Korean Inc. through 2030 Made in Korea project South Korea vowed full commitment to revive the innovation drive in the manufacturing sector, with a long-term vision to realign industries to more value-added and future-oriented activities. Presi..

ECB’s hint at monetary stimulus adds rate-cut pressure in Korea: Daishin report South Korean brokerage Daishin Securities projected central banks in South Korea and elsewhere could tilt more toward aggressive monetary stimuli following the dovish comments from the European Centra..

Downside risk concern grows inside BOK policy rate-decision board Bond investors saw the skeptical tone from the minutes of South Korea`s latest monetary policy meeting as opportunity to raise their bets on an imminent rate move by the country`s central bank. The ..

S. Korea’s SMEs up call for freeze in minimum wage for 2020 South Korea’s small and medium-sized companies upped their voices calling for a freeze in the minimum wage next year, citing the heavy toll on their business from a 29.1-percent jump in hourly pay ove..

Fitch slashes Korea’s 2019 growth outlook from 2.5% to 2.0% Fitch Ratings Inc. has revised down South Korea’s economic growth outlook for this year by 0.5 percentage point to 2.0 percent, joining the rest global credit rating agencies in turning more pessimist..

Hazy outlook for chip, steel vs. sunny auto, shipbuilding in H2: Analysts Of South Korea’s mainstay export items and backbone industries, auto and shipbuilding are the only sectors with positive outlook in the second half of this year, while recovery in steel and semiconduc..

Korea’s FX deposits rise in May amid steep USD gain vs KRW Foreign-currency deposits held by South Korean banks increased for the first time in four months in May as companies withheld U.S. dollars in fear of further depreciation in the Korean won. According..

Korean airlines to lower fuel surcharges on international routes from July Fuel surcharges on long-haul flights run South Korean carriers will be adjusted down next month by up to 12,000 won ($10.1) amid falling oil prices. According to multiple sources from the industry on..

Korea’s foreign direct investment jumps 45% to all-time high in Q1 Direct overseas investment by Korean companies in the first quarter surged to hit a historic high whereas their spending at home contracted for the fourth quarter in a row, raising concerns for migrat..

Korean gov’t 2020 budget proposal likely to rise 6% on year to fresh record high The Korean government is expected to propose to bump up 2020 budget by more than 6 percent to a fresh record high of near 500 trillion ($422 billion), given the spending outlines so far compiled from ..

FSC to ease listing barriers for promising bio companies Bio startups will find it easier to apply to go public under a new set of IPO guidelines to be announced by top financial authority Financial Services Commission (FSC) next month.FSC Chairman Choi Jon..

Korea’s export-import prices up in May for 4th straight month on weak won South Korea’s export-import prices rose for the fourth straight month in May on the weak Korean won despite an extended fall in memory chip prices. According to Bank of Korea (BOK) data released Fr..

S. Korean gov’t vows tax support to petrochemical firms The South Korean government on Thursday is reviewing additional tax support to petrochemical companies facing multiple hardships from the U.S.’s resumed sanctions on Iran and intensifying trade war be..

Auto output in Korea up 4.1% in May, exports also rise 6.1% Automobile output and shipments in South Korea rose for the second consecutive month in May, with sales of electric vehicles at home surging 72 percent from the previous year. The Ministry of Trade, ..

S. Korea issues $1.5 billion sovereign debt at record low rates The South Korean government bumped up its new U.S. dollar-denominated sovereign offering to this year’s maximum cap of $1.5 billion due to record demand which also helped pricing at lowest-ever rates...

Korea’s exports to US surge in Q1, benefitting from US trade war with China South Korea’s exports to the United States benefited from the tariff war between Washington and Beijing in the first quarter, data showed. According to a report released by the Institute for Interna..

Korean gov’t gauges appetite for new USD sovereign debt with ceiling at $1.5 bn The South Korean government has begun gauging appetite for new dollar-denominated sovereign bonds on Wednesday, including its first debt offering for green and sustainability design. The Ministry of E..

Korean bonds rally on BOK chief’s strongest-yet hint of rate cut Korean bonds rallied Wednesday as they cheered the central bank chief’s most dovish comment to date responding to the heated market pressures for a rate cut. “There is a need to take timely (monetary..

S. Korea to develop 300 global standards in innovative industries by 2023 The South Korean government has set a target to propose 300 global standards in innovative industries by 2023 to play a bigger role in standardization and trend-setting in innovations.Under plans anno..

Korea confirms new airport for domestic travel in eastern Jeju by 2025 The South Korean government confirmed its original plan to build a second airport in the eastern section of Jeju Island dedicated to serve domestic travelers by 2025 to meet the rising travel demand f..

Multinational IT names facing VAT in Korea from July likely to up service charges IT multinationals like Google, Facebook and Amazon facing 10-percent value-added tax (VAT) from the Korean government from July are expected to translate that much of surcharge on consumers and busine..

Deregulation jacks up LPG car sales by 39% in a month in Korea Sales of liquefied petroleum gas (LPG)-powered vehicles gained traction after the Korean government lifted barriers in consumer purchase of LPG vehicles in March to help promote cleaner fuel on roads...

Saudi Crown Prince expected to stop by Seoul on his way to G20 Osaka summit Saudi Arabia`s Crown Prince Mohammed bin Salman (MBS) is expected to stop by Seoul to meet with the Korean government and business leaders on his way to the Group of 20 Summit next week in Osaka, Japa..

S. Korea to spend $27 bn on infrastructure upgrade over next 4 years South Korea will spend 32 trillion won ($27.2 billion) over the next four years on replacing and upgrading aged urban infrastructure amid a series of accidents in recent months. The Korean governme..

Spending by foreign tourists falls to pre-boom level 10 yrs ago Per capita spending by foreign travelers visiting South Korea dropped 12.1 percent on year to the level last seen a decade ago in the first quarter following a plunge in the number of Chinese visitors..

Korean convenience stores enjoy revenue boost from rising visits by Japanese tourists Convenience stores in South Korea have become a must-visit place among Japanese travelers who are searching for hip Korean snacks, beverages and character goods, thanks to the revived Korean pop cultu..

Home trade in Korea at histrionic low for May, 5-mo figure also lowest Home transactions across South Korea fell 15.8 percent from the previous year to a lowest May figure since data has been compiled from 2006. According to the Ministry of Land, Infrastructure and Tran..

Zoom, YouTube and Yahoo are some of the big names coming to Seoul for WKF Silicon Valley tech legends such as founders of Zoom, YouTube and Yahoo are lined up to join this year’s World Knowledge Forum (WKF) in Seoul in September to talk about how to harness disruptive techn..

Hyundai Merchant rescues crew of Norwegian tanker struck in Gulf of Oman South Korean shipping firm Hyundai Merchant Marine Co. rescued all 23 crew members of the Norwegian oil tanker Front Altair, one of the two vessels that caught fire on suspicious attacks in the Gulf o..

S. Korea mandates foreign residents to enroll in national health insurance To prevent free-riding and other loopholes on health insurance coverage, overseas residents as well as foreign nationals residing six months or longer in Korea are required to enroll in the national h..

Korean lenders fall under stricter rule on debtors’ right to demand rate cut A debtor in Korea now has the right to demand lenders to lower the interest rates if his or her credit has improved through changes in income. The Financial Services Commission and Financial Supervi..

Taiwanese cruise tourists to Korea up 76% on yr from Jan to Apr Taiwanese cruise passengers visiting South Korea reached 7,399 up to April this year, jumping 76 percent from a year earlier, the Korea Tourism Organization (KTO) said Tuesday. Cruise liners have br..

FTC to fix consumer law to enhance protection against global giants The South Korean government is mulling rewriting the Consumer Basic Act to strengthen consumer protection against unfair practices by multinational companies. The Fair Trade Commission (FTC) recentl..

Korea’s feminist activist, widow of Pres. Kim Dae-jung, Lee Hee-ho dies at 96 Lee Hee-ho, the widow of dissident-turned-president and Korea’s first winner of Noble Peace Prize Kim Dae-jung, died at the age of 96 on Monday while battling liver cancer. Born in 1922, Lee graduate..

S. Korea to create startup networking center in Finland, Sweden South Korea will build a startup center in Finland and Sweden to help fledgling Korean companies establish networks in the fast-growing startup hubs of Nordic Europe. Korean President Moon Jae-in held..

Overseas traveler spends $653 in Korea, most come for shopping and dining Shopping has been the biggest reason in bringing foreigners to South Korea, leading them to spend an average $653 during their stay, a poll on visitors found on Monday. A foreign visitor to Korea spe..

Korean govt to draw up roadmap to realign systems for an aged society The South Korean government in the second half will embark on the ambitious work to draw up a roadmap to reinforce systematic and legal grounds to accommodate an aged society with fewer young people, ..

Seoul hints noninterference amid US and China pressure on Huawei front The South Korean government suggested noninterference as local companies – primarily chipmakers – come under blunt pressure from both Washington and Beijing to take their side in the techn..

Myanmar to export recycled plastic pellets Myanmar will be exporting recycled plastic pellets to China under a new agreement, according to an industry body. Arrangements are underway to export the plastic pellets, which are made from melting ..

Vietnamese securities catch the eye of South Korean investors The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent sta..

US looks for Thai 5G entry point The US Commerce Department is exploring business opportunities and cooperation to promote US-based tech firms to expand investment in Thailand`s telecom sector, especially for 5G wireless broadband te..

Myanmar, Thailand sign agreement to facilitate overland trade Overland cross-border trade between Myanmar and Thailand will officially commence at the end of July following an agreement to allow vehicles from both sides across the border to facilitate the transp..

Japan to invest further in Malaysia`s infrastructure assets Japan government is keen to invest more in Malaysia, following its maiden investment here in Tasco-Yusen Gold Cold Sdn Bhd (TYGC), a unit of Tasco Bhd, which is listed on Bursa Malaysia. Japan Over..

Viet Nam becomes second largest exporter of lychees Viet Nam has become the second largest exporter of lychees in the world, accounting for 19 per cent of the global market share, according to the International Society for Horticultural Science (ISHS)...

Populism hits plan to rein in fiscal red ink (Thailand) The Finance Ministry is likely to delay its balanced budget goal if the new government strictly pursues populist campaign promises, says a senior official at the Fiscal Policy Office (FPO). Even if t..

Cambodia-Indonesia direct flights scheduled for June Direct flights between Cambodia and Indonesia will begin in mid-June, a move which tourism insiders say will be key in the Kingdom reaching its goal of 6.6 million international visitors this year. ..

Myanmar risks return to money-laundering watchlist Myanmar has a high chance of falling back into the category of "high-risk" country on an international money-laundering watchlist because of its failure so far to impose and enforce adequate safeguard..

MUI plans for RM440m TOD in Bandar Springhill, Seremban Malayan United Industries Bhd (MUI) has set plans to develop an integrated transit-oriented development (TOD) in Bandar Springhill in Seremban with a gross development value of RM440 million. With ..

Viet Nam willing to work with the US on currency issues: SBV The State Bank of Viet Nam (SBV), in conjunction with other Vietnamese ministries and agencies, will continue to share information with the US Treasury Department and co-operate to tackle issues of co..

AirAsia`s Q1 net profit down 92pct on higher maintenance and overhaul cost AirAsia Group Bhd`s higher maintenance and overhaul cost has dragged the low cost carrier`s earning for the first quarter (Q1) of 2019. Net profit plunged 91.5 per cent to RM96.09 million for Q1 en..

Cambodian exports to US surpass $1B in Q1 for first time Cambodian exports to the US have seen a strong expansion this year, surpassing $1 billion in the first quarter for the first time, thanks largely to a boost in travel goods exports. Cambodian-made ..

PetGas` Q1 net profit rises 6.67pct to RM515.46mil Petronas Gas Bhd`s (PetGas) net profit rose 6.67 per cent to RM515.46 million in the first-quarter (Q1) ended March 31, 2019, from RM483.22 million a year ago. In an exchange filing today, PetGas s..

BNM international reserves at US$102.8b as at May 15 Bank Negara Malaysia`s (BNM) international reserves stood at US$102.8 billion as at May 15, 2019 from US$103.4 billion at April 30, 2019. In a statement, the central bank said the reserves position..

Thailand Tourism and Sports Ministry mulls levy for tourists The ministry will raise the issue for brainstorming sessions among tourism stakeholders before deciding on a final plan, Mr Chote said at a forum on Thursday. The study is likely to take six months t..

Bank of Thailand to retain LTV regulation Despite the Finance Ministry`s request to ease the new loan-to-value (LTV) requirement, the Bank of Thailand has insisted on maintaining the regulation, saying bad mortgages continued to climb for the..

Trade between Myanmar, Thailand at optimal levels: official Khun Pakainay Leng-Ee, who was Thailand`s Minister Counsellor for Commercial Affairs to Myanmar from October 4, 2015 to May 15, 2019, reckons the two neighbouring countries have reached an optimal lev..

PNB likely to refurbish its old HQ once the PNB118 is completed in early 2021 Permodalan Nasional Bhd is likely to refurbish its current headquarters in Jalan Tun Razak here once its new 118-floor skyscraper Merdeka PNB 118 is completed by early 2021. President and group chi..

Mitsui & Co to invest in Vietnamese shrimp producer Minh Phu Japan`s Mitsui & Co Ltd has agreed to acquire a 35.1 per cent of stake in Minh Phu Seafood Joint Stock Company, the world`s biggest shrimp integrator from farming and processing to sales. Minh Phu ..

Hopes high for the team Korea if golden boy Lee Kang-in joins Son Heung-min Hopes have been raised for the team Korea in future football championships after discovery of stunning young player Lee Kang-in who has become the first South Korean to bring home the best player trop..

Bong Joon-ho’s Parasite also crowned at Sydney Film Festival South Korean director Bong Joon-ho’s dark comedy “Parasite” on Sunday gained another prestige by scoring highest at the Sydney Film Festival in just weeks after winning the prestigious Palme d’Or at t..

S. Korea beats Ecuador 1-0, reaches U-20 World Cup final for 1st time Young South Korean players have added a new chapter to the country`s soccer history as they reached the championship final of the FIFA U-20 World Cup in Poland on Tuesday with a 1-0 victory over Ecuad..

CJ ENM to create a Hollywood studio park in Paju, Gyeonggi province CJ ENM, the entertainment unit of South Korean conglomerate CJ Group, is building a Korean version of Hollywood in Paju, 27.6 kilometers northwest from Seoul. CJ ENM and the Paju City will sign a de..

BTS enthralls 230,000 fans in London, Paris with “Beatles” like phenomenon K-pop sensation BTS performed for 230,000 fans in Europe during its “Love Yourself: Speak Yourself,” tour in Europe, giving them “Beatles”-like magic. The septet’s producer Big Hit Entertainment on ..

CJ LiveCity, AEG to build K-pop concert arena in Goyang, Korea CJ LiveCity Corp., subsidiary of Korean food and entertainment giant CJ Group, together with global live entertainment company Anschutz Entertainment Group (AEG) will build an arena in Goyang City, no..

Cannes-winning Parasite surpasses 5 mn viewers in Korean box office The top prize winner at this year’s Cannes Film Festival “Parasite” by director Bong Joon-ho topped 5 million attendances on the eighth day of its release on Friday, according to the Korean Film Counc..

BTS label Big Hit Entertainment joins the ranks of unicorns: HRI report The two-year streak in the global success of Korean boy band BTS has fueled the value of its producer Big Hit Entertainment and pushed it into the ranks of unicorn companies with valuation of at least..

BTS` fan-focused immersive game out on June 26 If chatting away with members and closely tracking BTS is not enough, ARMY fans can now act as their managers thanks to a new role-playing game out later this month. Korean game publisher Netmarble ..

Cannes top prize winner Parasite premiers around the world South Korean director Bong Joon-ho’s dark comedy “Parasite,” the Palme d’Or winner at this year’s Cannes Film Festival, premiers in global theaters after it has done exceptionally well at home, with h..

BTS raises Beatles-like syndrome at its first show in London K-pop superstar BTS has made a history in the U.K. through a successful invasion in another birthplace of pop music by pulling off a stunning fully-packed act at Wembley Stadium in London after it tas..

Netflix’s hit Korean drama “Kingdom” to be developed into game Story-based game developer Day7 under South Korean mobile game publisher Com2uS Corp. has signed an intellectual property contract with local drama producer AStory, local drama producer known for Netf..

Bong Joon-ho’s Parasite wins top prize at Cannes film festival South Korean director Bong Joon-ho’s dark comic thriller “Parasite” has won the Cannes Film Festival’s top award, Palme d’Or, on Saturday, becoming the first Korean to receive the Palme. “[Making] th..

BlackPink Jennie’s "SOLO" MV tops 300 mn YouTube views K-pop star Jennie, a member of girl group BlackPink, has made a new Korean music record with her debut single “SOLO.” On Tuesday around 4 a.m., Jennie’s music video for SOLO hit 300 million views on ..

BlackPink finishes North American tour under Kia Motors sponsorship Korean girl group BlackPink under the sponsorship of Kia Motors completed 2019 World Tour in North America from Apr. 17 to May. 8 in display of an ideal marketing mix of K-pop and Korean brand. The ..

BlackPink’s “Kill This Love” MV sets new K-pop record with 300 mn views YG label star girl group BlackPink has set a new record with the video of its comeback title “Kill This Love” topping 300 million views on YouTube at the fastest pace as a K-pop act. The music video..

BTS rewrites history with Top Duo/Group win at Billboard Music Awards Korean pop sensation BTS hit another milestone Thursday, becoming the first K-pop act to collect two trophies at the 2019 Billboard Music Awards. The seven-member boyband won the Top Duo/Group award..

CJ ENM’s video streaming channel M2 wins over 10 million subscribers worldwide CJ ENM, entertainment unit of Korean conglomerate CJ Group, has scored big with its K-pop channel available to global audience at a time K-pop has been doing extremely well on music charts across the ..

TWICE adds bold feel to its 7th EP “Fancy You” album K-pop girl group TWICE has returned with their new song “Fancy” with an bolder and mature style in a bid to escape their cute teenager girls’ image. “Fancy,” the title of the nine-member group’s seve..

BTS steals No. 1 for the third time at Billboard 200 with ‘Map of the Soul: Persona’ K-pop superstar BTS has notched its third No. 1 in just 11 months on the Billboard 200 album chart as its newest seven-track set ‘Map of the Soul: Persona’ goes on a roll to win the hearts of their fa..