Foundation behind Korea’s largest startup incubator celebrates 10th anniversary The Banks Foundation for Young Entrepreneurs, a non-profit organization that funds startups in South Korea, helped nurture nine out of 18 unicorns and added a corporate worth of 13 trillion won ($10.3..

Korean Air to share its routes to win international approval for merger with Asiana South Korean flag carrier Korean Air Lines Co. offers to share its routes with rivals at home and abroad for regulatory favor to see through the merger with Asiana Airlines Inc. and create a monopoly ..

Samsung Elec foundry business may pick up after Biden visit Samsung Electronics raises hopes for securing new foundry work from U.S. companies after it received a special visit from U.S. President Joe Biden and his entourage of business tycoons and officials t..

Hyundai Eng sets roadmap for SMR and hydrogen for leadership in new energy South Korea’s Hyundai Engineering is doubling down on micro reactor sector to cement leadership in the burgeoning small module reactor (SMR) market and hydrogen generation for carbon emission control ..

Korean battery majors expect traction in US biz on govt support and Hyundai EV venture South Korea’s three battery majors LG Energy Solution Ltd. (LGES), SK on Co., and Samsung SDI Co. will likely gain traction in U.S. expansion on intergovernmental backing of battery partnership and Hy..

Samsung Elec shows Biden next-gen chip facility, Hyundai Motor vows $5.54 bn EV in Georgia (Updated with comments from U.S. and South Korean presidents, Hyundai Motor capex details) South Korea’s two biggest household manufacturers Samsung Electronics and Hyundai Motor indulged U.S. Presid..

TYM to add tractor factory in Georgia, US to up annual capacity to 50,000 units South Korea’s agricultural machinery manufacturer TYM is adding a tractor plant in Rome, Georgia at a cost of $20 million to expand presence in the United States. The company announced on Friday tha..

SK ecoplant buys 30% stake in Malaysia’s Cenviro to bolster waste profile ahead of IPO SK ecoplant Co., environment-focused engineer under South Korean conglomerate SK Group readying Kospi listing next year, has acquired a 30 percent stake in Malaysia’s top integrated waste management s..

Korea’s LS Group takes full control over metal smelter JV LS-Nikko Copper South Korea’s conglomerate LS Group has ended 23-year-old venture with Japanese partners by taking over the 49.9 percent to command full ownership of Korea-based LS-Nikko Copper specializing in harnes..

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030 Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical p..

Hyundai Glovis opens third subsidiary in SE Asia via JV in Thailand Hyundai Glovis Co., the logistics unit of South Korea`s Hyundai Motor Group, opened subsidiary in Thailand with ambition to build up business through networking with partners in retail, automotive, an..

LG CNS selected as preferred bidder for $4.23 bn Busan smart city project LG CNS would be in charge of the construction and operation of a pilot smart city on an empty lot of 2.77 million square meter in western Busan, which is being designed under a new urban development p..

Kakao founder extends charity work to hiring program for the disabled Kim Beom-su, founder of Korea’s dominant platform operator Kakao Corp. and Brian Impact Foundation devoted to sponsorship and charity programs for social programs, has donated 10 billion won ($7.84 mi..

Korean game publishers ditch remote working amid delays in new releases South Korean game publishers are kicking out remote and flexible work hours of the pandemic heyday as their income decreases amid return to normalcy and delays in new labels. Gaming giants Nexon and..

SsangYong signs provisional contract with stalking-horse bidder KG consortium SsangYong Motor Co. has signed a provisional contract with KG Group-led consortium, its choice of stalking-horse bidder offering over $700 million in new capital, to raise hopes for a turnaround after..

Airlines, leisure, energy firms set to report earnings surge in Q2 amid reopening South Korean airlines, hospitality and energy firms like their global peers are expected to enjoy a sharp recovery in profit in the second quarter as the world-wide economic reopening has been picking..

LX Group pools in The Carlyle Group to go after Magnachip Semiconductor South Korea’s LX Group separated from LG Group since last year has pooled in global private equity capital The Carlyle Group to raise its chance in the acquisition of Korea-based non-memory chipmaker ..

Hyundai Motor to invest $16 bn to make Korea base of nearly half of EVs by 2030 South Korea’s Hyundai Motor Group said to be readying $7 billion EV plant project in the United States on Wednesday pledged 21 trillion won ($16.55 billion) through 2030 to ramp up domestic capacity f..

Kolmar Korea buys ‘Kolmar’ trademark rights from U.S. owner Kolmar Korea, a custom manufacturer of cosmetics and personal care products, has acquired global trademark ownership from Kolmar America, the original right holder, for the first time in its 32-year h..

SsangYong Motor wins one injunction, but faces another on resale attempt A Seoul court dismissed an injunction filed by Edison Motors Co. against SsangYong Motor Co. seeking to prevent resale of the distressed carmaker, but the renewed sale process hit another legal stumbl..

Korean healthcare firms actively adding foreign names on its managing board Korean healthcare companies are active in recruiting foreign nationals with experience in multinational companies in line with their overseas penetration. According to sources on Sunday, Hugel is se..

Korean startup Egnis launches canned water with resealable lid South Korean food tech startup Egnis has launched a new brand of canned water with a resealable lid, catering to the needs of environment-conscious consumers in the local drinking water market still d..

Korean researchers develop biosensor detecting cancer with a drop of blood South Korean researchers claim that they have developed a new diagnostic sensor that uses a drop of blood to detect cancer with great sensitivity and accuracy, which can be scaled out to broader point..

South Korean IT giants bet cloud to add much-needed fuel to stagnated sale South Korean IT giants are doubling down on cloud business to add revenue fuel to their stagnated platform business amid active digital migration work at home. Naver Corp. launched its cloud platform,..

Celltrion files IND for Phase 3 study of Actemra biosimilar in Poland South Korea’s Celltrion Inc. has submitted an investigational new drug (IND) application to Polish health authorities (URPL) to evaluate its Actemra (tocilizumab) biosimilar in a planned Phase 3 clini..

Cell and gene therapy CMO ENCell set for further expansion after Novartis order ENCell Co., a Korean biotech startup, is set for further growth with a newly opened site to deliver stock cells for chimeric antigen receptor (CAR)-T cell therapy Kymriah from Novartis to local hospit..

Google, Samsung ally enhances with Google Assistant available on Galaxy Watch4 Starting this summer, Google Assistant will be available on Samsung’s Galaxy Watch4, which marks the first concrete evidence to show enhanced partnership between Samsung Electronics and Google since t..

SNU researchers develop AI algorithm to facilitate novel therapy development A team of Seoul National University professors and students have developed an artificial intelligence algorithm that can discover key gene markers for disease treatment, paving the way for faster and ..

Wireless carriers vie to win smart transport system across Korea South Korean wireless network carriers expanding battlefield in a range of 5G-based businesses are contesting over smart mapping and connectivity to sponsor self-driving vehicles when they hit the roa..

AminoLab completes slaughter blood upcycling plant in Korea AminoLab Co., a Korean biotech company, has completed the country’s first processing facility designed to upcycle slaughter animal blood into amino acid feed supplement, fertilizer, cosmetic and pharm..

HK inno.N nabs deal to export gastroesophageal reflux disease drug to 7 countries HK inno.N is speeding up the penetration of its gastroesophageal reflux disease drug K-cab (tegoprazan) into the global market. The Korean pharmaceutical company Tuesday signed a distribution partne..

HK inno.N scraps Covid jab development HK inno.N has made a voluntary withdrawal from its Covid-19 vaccine development, saying its project purpose is compromised by a dramatic change in the pandemic’s course shifting towards the endemic st..

Kakao Brain unveils enhanced face-swapping technology for digital human development Kakao Brain Corp., an artificial intelligence company under South Korean internet giant Kakao, has taken the face-swapping technology to next level for digital human development. Kakao Brain on Mond..

Korea’s novel drug pioneer takes on biliary tract cancer, Alzheimer’s drugs Dr. Jong Sung Koh, known as Korea’s first-generation in the development of novel therapies, and the CEO of biotech Genosco Inc. in the United States, has set a new goal of developing new drugs to trea..

Hanmi’s fatty liver disease drug to proceed with clinical trials on FDA blessing Hanmi Pharm’s investigational non-alcoholic hepatosteatosis (NASH) drug has gained a new boost for clinical development with unanimous recommendation from an expert panel of U.S. Food and Drug Adminis..

Samsung releases memory card capable of 16 years of continuous recording Samsung Electronics has released a new microSD card designed to meet the rigorous demands of surveillance, dashboard, and body cameras with outstanding Full HD/4K performance and improved endurance th..

Korean rocket startup inks to launch Brazilian military payload on its maiden flight INNOSPACE, a South Korean space startup for small launch vehicles, has signed a commercial contract to launch a Brazilian military payload, a symbolic win for the burgeoning industry of space explorat..

Korean pharmas try to win competition with easier medication administration South Korean pharmaceutical and biotech companies are trying to win the global pharmaceutical market traditionally led by American and European giants with more patient-friendly medication administrat..

U.S. ITC launches probe into Medytox’s claims of trade theft vs Hugel The U.S. International Trade Commission has launched an investigation into South Korean drugmaker Medytox’s claims accusing its domestic rival Hugel of trade secret theft ahead of its U.S. market entr..

Celltrion aims to sell Humira biosim Yuflyma in U.S. from July 2023 Celltrion said on Wednesday it is aiming to distribute Yuflyma, a Humira biosimilar, in the United States from July next year as it has completed a patent agreement with AbbVie, the U.S. market exclus..

Korean brokerages enhancing emissions trade ahead of futures addition in carbon trade South Korean securities firms are eagerly enhancing carbon emissions trade on expectations for rapid expansion under carbon neutrality goal.According to industry sources on Monday, NH Investment & Sec..

Capital adequacy ratio of Korean insurers deteriorate amid rising interest rates Capital adequacy ratio of Korean insurers has been deteriorating sharply amid tightening and depressed capital market environment. According to first-quarter disclosures, the average risk-based (RBC..

Risk aversion at highest since pandemic onset in 2020: Boom & Shock Index Time has arrived to manage risk with more cash in hands until the right moment comes to buy the dip, advised multiple market indicators as U.S. financial markets are rattled by the longest stock sello..

Lionheart, creator behind Kakao Games’ hit Odin, finds valuation around $3 bn South Korea’s Lionheart Studio Corp., Kakao Games Corp.’s prized game developer behind its blockbuster mobile game “Odin: Valhalla Rising”, has gained valuation of around 4 trillion won ($3.1 billion)..

Taiwan’s Fubon Financial becomes largest non-Hyundai shareholder in Hyundai Card Taiwan’s Fubon Financial Holding Co. has completed its equity investment in South Korea’s Hyundai Card Co. and filed as the largest non-Hyundai shareholder in the credit issuer under Hyundai Motor Gro..

More than half of Korean securities stocks test 52-week bottoms on murky outlook More than half of 13 South Korean securities stocks have hit 52-week lows as they enter a bust cycle after asset investment boom over the last two years under loose liquidity environment of the pandem..

Korean’s institutional majors to place $1bn in Goldman Sachs mez fund South Korean public and wealth funds together with insurance majors will place estimated $1 billion in $12 billion mezzanine fund under design by Goldman Sachs Asset Management amid restricted investm..

Korea’s top crypto exchange raises alarm for stablecoins in general South Korea’s top cryptocurrency exchange market Upbit is advising discretion by local investors against stablecoins in general, warning more than half available on its exchange are in danger of an ep..

Dongwon yields to shareholders and adjusts merger ratio to less favor owner family South Korea’s leading seafood and logistics conglomerate Dongwon Group has adjusted a merger ratio between Dongwon Industries and Dongwon Enterprise, yielding to minority shareholders’ skepticism of f..

Kospi members report subdued bottom line, Kosdaq survive Q1 well Kospi-listed Korean companies pulled off second-largest ever operating profit during the first quarter, but their bottom line deteriorated from high prices and interest rates while Kosdaq members repo..

Govt unloads more shares in Woori Fin, to sell last 1.29% by end of year The South Korean government has further disposed of its holding in Woori Financial Group, leaving just 1.29 percent out of full ownership gained in the wake of 1997-1998 Asian financial crisis, while ..

Korean IPO pipeline drying up as more mulling to put off their plans A series of major IPO withdrawals in Korea could unsettle the plans by highly-anticipated platform candidates Market Kurly and SoCar to go public this year and dry the pipeline that had been sizzling ..

Korea’s No.1 home decorating shop Modern House back on the sale block Modern House, South Korea’s No.1 home decoration firm, returns to the sale block with its owner of five years MBK Partners hoping to cash out from its investment at 1 trillion won ($786.7 million).Acc..

SK hynix, Kia now foreigners’ favorites over Samsung Elec, Hyundai Motor SK hynix and Kia Corp., runner-up stocks in the respective semiconductor and automobile sectors, have recently emerged as foreigners’ top picks over their larger peers Samsung Electronics Co. and Hyun..

Korea’s biotech firm Voronoi scales back IPO scheme in its second attempt Seoul-based drug design startup Voronoi will reattempt Kosdaq debut by scaling back IPO price band and issues after its pricing two months ago flopped against cold institutional demand.According to it..

Analysts slash price targets on Celltrion firms after Q1 miss Analysts have lowered their price targets on three Celltrion Group companies (Celltrion, Celltrion Pharm, and Celltrion Healthcare) after first-quarter earnings miss and weak performance outlook. Sen..

Traditional industries make strides in market cap rank in conservative Korean market The $10 billion market-cap club in South Korea has been realigned amid ebb of loose-liquidity environment, with traditional categories of steel, shipbuilding, and finance replacing the growth stocks o..

DeFi projects abandon Terra ecosystem after Terra crash Korean IT companies are pulling out their decentralized finance (DeFi) blockchain-backed projects from the Terra ecosystem upon the stablecoin’s collapse, raising concerns for additional investor loss..

Korean financial authorities monitoring ripples on Korean investors from Terra downfall South Korean financial authorities are closely monitoring the havoc on Korean investors estimated at minimum 200,000 from stablecoin Terra’s collapse, although they lack investigative or supervisory a..

Kakao family loses 36% in market cap this year Kakao family has lost as much as 36 percent in its combined market cap as retail stock investors` second favorite after Samsung Electronics and units under its umbrella turned into major disappointmen..

Korea reviews extension of 30% tax cut for new car purchases until the end of 2022 South Korea is expected to grant cut in consumption tax on new cars for another six months until the end of the year to not further upset depressed spending due to high inflation. According to the Mi..

Korea eyes longest trade deficit streak in 14 yrs, red widens to $11 bn as of May 20 South Korea’s trade deficit has neared $5 billion in the first 20 days of May or $11 billion so far in the year as the red streak extends to its longest since the 2008 financial crisis amid spike in c..

Korean shipbuilders face multiple scourges on bottom line despite fattening orders South Korean shipbuilders face deterioration in their bottom line despite fattening order book due to jump in production costs. Shipbuilders and their steel suppliers on Sunday agreed to raise the w..

Korea, U.S. summits issue a rare verbal intervention on FX movement South Korea and the United States agreed to “consult closely on foreign exchange market developments” after the first summit between Presidents Yoon Suk-yeol and Joe Biden on Saturday in a rare joint ..

Korean govt debt financing cost at 8-yr high of 3%, to go higher on rising rates South Korean government’s average borrowing cost at home has topped 3 percent for the first time in eight years in April, and further rise in financing cost from faster rises in interest rates would w..

Koreans spending less and saving more amid rising interest rates, taxes, inflation South Koreans are spending less despite return to normalcy after two years of virus battle due to rising interest rates, inflation, and tax burden to bode badly for recovery in domestic demand.Accordi..

KEPCO to sell all possible property and equity assets to mitigate widening losses Korea Electric Power Corp. (KEPCO) will sell all property and stake assets possible and streamline overseas operations to improve balance sheet, which logged near 8 trillion won ($6.3 billion) in oper..

KDI warns of economic growth slowing to 2.8% this year and 2.3% 2023 State think tank Korea Development Institute (KDI) cut economic growth outlook to 2.8 percent and raised inflation forecast to 4.2 percent for this year in a harbinger of government and central bank’s..

S. Korea running short of soft coal could face blackout in peak season Resource-short South Korea faces energy crisis ahead of the peak summer season as it struggles to obtain bituminous coal, responsible for 34 percent of generating power in the country, amid global sho..

Seoul to seek tech and data framework with countries of raw materials behind key exports South Korea will pursue intergovernmental framework with countries with raw materials necessary to produce the country’s strategic industrial strengths of chips, steel, batteries, bio and chemicals. A..

Korea’s policy chiefs vow coordination to tame inflation, mention of big step rattles bonds South Korea’s new fiscal and monetary chiefs vowed “optimum” policy mix against escalating volatility in financial and foreign exchange markets, rapid buildup in inflationary pressure, and slowing eco..

Capital investment hardly grew under last Korean govt, calling for radical measures Corporate investment hardly grew over the last five years under President Moon Jae-in government, raising alarm for sustainable growth in the South Korean economy.According to a joint study by Maeil B..

New Korean govt seeks record $47 bn extra budget despite inflationary pressure The new South Korean government has proposed a record supplementary budget of nearly 60 trillion won ($46.5 billion), nearly doubled from earlier outline and including 25 trillion won cash handout tha..

Korea’s new president mentions stagflation as govt forms emergency taskforce South Korea’s President Yoon Suk-yeol raised alert against stagflation risk Wednesday as he convened his first secretariat meeting, while the Ministry of Economy and Finance immediately formed a task ..

Korea’s April job addition largest in 22 yrs, but nearly half goes to elders, temp hires South Korea has added largest jobs in 22 years in April, but the sustainability in the strength remains doubtful as the bulk went to senior citizens through tax-financed opening for public work and te..

Korea’s trade deficit at $3.7 bn despite near 30% gain in April 1-10 exports South Korea’s exports in the first 10 days of May surged nearly 30 percent from the same period last year, but trade deficit widened as imports led by jump in commodity prices gained by a faster clip ..

S. Korea’s current account surplus thins, deficit likely in April South Korea’s surplus on the current-account balance shrank in March as its trade surplus thinned by more than $2.5 billion from import costs overwhelming still-strong exports due to spike in fuel and..

Delinquency rate in bank loans to self-employed in Korea on the rise Delinquency rate among South Korean self-employed borrowers has risen amid grace on debt repayment and rollover during Covid-19 period, raising risk for Korean financial sector.Korea’s major banks Shi..

Stagflation clock is ticking for Korean economy: Maekyung, KERI study There is just about three hours left until the stagflation alarm would go off for the South Korean economy faced with an inflation rate clocking towards 5 percent and annual growth rate slowing to 2 p..

Korea’s April international air traffic up 55% on month as pleasure trip normalizes South Korea’s international air traffic increased 55.4 percent in a month last month as flights are being slowly normalized after two-year-long hiatus from pandemic.According to the Ministry of Land, ..

Korea eyes bigger defense exports to US and joint bid with US for reactor tenders South Korea has paved the way for exporting weapons to the United States where trade had been entirely one-way and explore nuclear reactor opportunities in Europe in a consortium with U.S. companies f..

Biden leaves Seoul gifted with $10 bn investment pledge from Hyundai Motor South Korea’s Hyundai Motor Group on Sunday pledged investment of another $5 billion in high-tech areas of robotics, autonomous vehicle solutions, artificial intelligence, and urban aerial mobility in..

S-Oil activity suspended as Korean authorities investigate on the cause of deadly explosion South Korean government and law enforcement authorities are investigating a deadly explosion and fire at an S-Oil refinery plant in Ulsan last Thursday and suspended alkylate extraction process at the..

Beijing protests to anticipated FTC ruling on shippers on alleged freight rate collusion Beijing has protested to anticipated penalties on Chinese shippers ahead of a final ruling by South Korean antitrust authority on its review on past price collusion on East Asia sea route. According ..

Seoul, Washington likely to declare joint entry into global nuclear energy market South Korean President Yoon Suk-yeol and his U.S. counterpart, Joe Biden, are expected to declare an enhanced partnership and cooperation for joint participation of the two countries in the global nuc..

Spain’s tech hub Catalonia bids tech investment from South Korea Catalonia, an autonomous community of Spain, is much similar to South Korea, placing a high importance on investment in human resources and research and development to make up for their deprivation in..

Hyundai, Kia, Mercedes and 3 other brands to recall 64,754 vehicles in Korea Hyundai Motor, Kia, Mercedes-Benz and three other local and import auto brands will voluntarily recall a combined 64,754 vehicles from 48 models in South Korea for safety issues. The Ministry of Lan..

Terra fraud could be first case by restored financial crime team in Seoul prosecution Crypto upset from latest Terra crash could be one of the first preoccupations of a powerful joint investigation team on financial and securities crimes, restored and enlarged under prosecutor-turned-p..

Biden includes a trip to Samsung Elec, not DMZ, to imply rise of biz alliance with Korea Tighter alliance between South Korea and the United States on security to up deterrence against “all contingencies” related to North Korea and economy amid global supply instability will make up the p..

Seoul discussing USD-KRW stabilization arrangement ahead of summit with US The U.S. dollar shot up in Seoul despite the presidential office’s confirmation of discussions on measures to stabilize the Korean won against strengthening greenback during the upcoming summit talks ..

Yoon to endorse U.S-led IPEF during his summit with Biden South Korean President Yoon Suk-yeol is expected to make South Korea’s joining of the U.S.-led Indo-Pacific Economic Framework (IPEF) official when U.S. President Joe Biden visits Seoul this week and ..

Korea’s real estate investor JR AMC completes acquisition of Apro Squre in Gangnam JR Asset Management Company (JR AMC), South Korea’s real estate investor, has completed the purchase of Apro Square, located in the commercial district of Gangnam as home to IT names, at 342 billion w..

Terra crumble expedites Korea’s push for digital asset exchange and legislations on crypto South Korean financial authorities are expediting the launch of the country’s first public-backed digital asset exchange in Busan and push for legislations on digital assets to bring them into the leg..

S. Korea to deploy 9 new patrol ships on West Sea to fend off illegal Chinese fishing The South Korean government will deploy nine additional large-size patrol ships in strategic zones in the West Seat to toughen monitoring and containment of illegal Chinese fishing boats operating in ..

Vaccinated South Koreans exempted from quarantine when visiting Japan South Koreans fully vaccinated with three does against Covid-19 and tested negative have been exempted from three-day isolation to enter Japan.The exemption has become effective starting Tuesday midni..

S. Korean pres reiterates aid for N.K. for Covid-19 relief on pleading for extra budget South Korea’s new president pleaded opposition-dominated legislative to approve record-sized 59.4 trillion won ($46 billion) extra budget scheme “to fully compensate” and reward businesses who had wil..

Korean weapons in demand in Europe following Russia’s Ukraine invasion Demand for South Korean weapons has picked up after Russian invasion of Ukraine and is expected to bring about exports of over 2 trillion won ($1.56 billion) for the first time in six years.Korea Aero..

S. Korea to add 230 international flights per week, ease quarantine for overseas arrivals South Korea plans to add 230 international flights per week in June and ease mandatory quarantrine rules on overseas entrants as Covid-19 conditions have been contained while the country has returned ..

S. Korea seeking to add futures option to carbon emission credit market South Korea is seeking to add futures option related to carbon credit for leveraging against risks in carbon emission allowances. According to the Korea Exchange and the Ministry of Environment, the..

Mirae Asset-led consortium wins over IFC Seoul at $3.2 bn A Mirae Asset Global Investments-led consortium has entered an exclusive contract to take over the International Finance Center (IFC) Seoul, a landmark at the heart of the Yeoido financial and banking..

Baht on a tightrope Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters. The baht was valued at 34.62 per US dollar as of Ma..

HCM City growth remains an X factor: foreign investors HCM CITY — Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say. Spea..

Livestock companies profit hit by rising animal feed prices HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a..

Apec looks to pact to revive growth Asia-Pacific Economic Cooperation (Apec) trade ministers have high hopes for the Free Trade Area of the Asia-Pacific (FTAAP), believing that the long-delayed pact can help revitalise their economies b..

Urbanisation process a driving force for rapid, sustainable socio-economic development HÀ NỘI — The process of urbanisation is an important driving force for rapid and sustainable socio-economic development in the future, with urban areas slated to form a greater part o..

Why Indonesia`s palm oil export ban has not cooled cooking oil prices Indonesia, the world`s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil..

Is Thai supply chain anchored to China? China`s Covid containment measures, especially in the world`s largest port city of Shanghai, have influenced Thailand`s supply chain security and could cast a shadow on local manufacturers` decisions ..

Banks hike deposit interest rates on demand for funds, inflation HCM CITY - Many banks have increased deposit interest rates by 0.1-0.6 percentage points amid the growing demand for funds. Last year the average interest rates on bank deposits for six months and 1..

Market likely to expand bearish trend: analysts HÀ NỘI — Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dom..

India bans wheat exports as heat wave hurts crop, domestic prices soar India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government sa..

VN`s GDP to grow by 5.5-6%, risk and inflation on the rise HÀ NỘI — Việt Nam`s GDP was forecast to grow by 5.5-6 per cent this year, albeit with significant risks and inflation in the range of 4-4.5 per cent in 2022 and likely over 5 pe..

Macquarie-led group gains $610m stake in Bersama Digital Infrastructure A consortium led by Macquarie Asset Management (MAM) has announced a US$610 million (Rp 8.85 trillion) investment to acquire a minority stake in Bersama Digital Infrastructure Asia Pte. Ltd. through M..

Explainer: Should we be concerned about the baht? Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the perfor..

Jokowi plans to meet Elon Musk over nickel President Joko "Jokowi" Widodo is planning to meet Tesla CEO Elon Musk during an upcoming United States visit, a minister said on Monday, as the Southeast Asian country seeks to accelerate development..

Strategy needed for air freight to take off HÀ NỘI — Việt Nam needs to have an appropriate strategy to promote the development of air logistics and tap its large potential, experts have said. Lê Vương Qu&#..

Malaysia aims to regain palm oil market share in EU amid global shortage Malaysia, the world`s second largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and "political tension in Europe" to regain market share after buyers shunned..

JP Morgan downgrades Thailand on fading tourism recovery Analysts at J.P. Morgan downgraded Thailand`s equities rating on Monday, citing the slow pace of recovery in the tourism industry due to rising inflation and a surge in Covid-19 cases in China. JPM s..

Vietjet’s pre-tax profit up 113 per cent in Q1 HCM CITY — With the aviation and tourism industries bouncing back strongly, Vietjet Aviation Joint Stock Company (HoSE: VJC) kicked off 2022 with a positive performance, according to its financi..

Newly opened firms mushroom during new normal HÀ NỘI — The number of newly established firms reached an all-time high of around 15,000 in April, with total registered capital of VNĐ164.1 trillion (US$7.1 billion), according ..

How Indonesia`s policy stumbles over palm oil have unfolded When Indonesian cooking oil prices started climbing in November, authorities faced pressure to contain the cost of the household necessity made from palm oil and used by most people in the world`s fou..

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..

“The Sin City” of Las Vegas light up in “BTS City” bonanza K-pop phenomenon BTS has taken over Las Vegas as they hold their four-day “Permission to Dance On Stage-Las Vegas” tour in the city. Hybe Co., the agency behind BTS, is turning Sin City into “The Ci..

‘Crash Landing on You’ couple Hyun Bin, Son Ye-jin tie the knot in real world Super K-drama couple Hyun Bin and Son Ye-jin have brought a real-life happy ending to their matchmaking drama ‘Crash Landing on You’ by tying the knot Thursday. The wedding was held at the Grand Walk..

League of Legends Mid-Season Invitational to be held in Busan May 10-29 South Korea will host the League of Legends (LoL) Mid-Season Invitational (MSI) for the first time in Busan, the second largest port city in the south on May 10-29.It is the first LoL international ev..

Musicow to tap the U.S. market with Korea’s fintech and K-pop mix power Musicow Inc., a music copyrights trading platform in South Korea, will begin operations in the United States this year to leverage on escalated K-pop fandom and popularity in North America.Musicow sai..

Suzy Lee becomes the first Korean to win Anderson Prize, Nobel fame in children’s story Korean picture book author and illustrator Suzy Lee became the first Korean born to win the Anderson Prize, known as the Nobel Prize for children’s literature in her second attempt after being shortli..

Krafton to allow gamers to have ownership, using blockchain, NFT technology South Korean game publishers are actively embracing the Web 3.0 era by allowing gamers who contribute to game development to have game ownership and share profits through blockchain and NFT technologi..

China on path of reopening towards Korean games and TV dramas China’s largest game distributor Tencent is recruiting volunteers to beta-test ‘Black Desert Mobile’, an open world MMORPG from South Korea’s Pearl Abyss, raising hope for the re-entry of Korean games..

Nostalgic fans bring back old PC games from the graves Old Korean PC games are being revived from graves thanks to loyal fans.Raycity, a massively multiplayer role playing online game (MMORPG) developed by South Korean game-developer Neowiz, was released ..

Korea’s CJ prepping a third K-pop fan platform after Hybe and NCSoft South Korean food and entertainment giant CJ Group is rolling out K-pop fan platform counter to Hybe Co.‘s ’Weverse’ and NCSoft Corp.‘s ’Universe’. According to the IT industry on Wednesday, CJ is pr..

Lee Jung-jae and Jung Ho-yeon become first Asians to win top acting category in SAG South Korean stars Lee Jung-jae and Jung Ho-yeon of Netflix’s global smash-hit series ‘Squid Game’ became the first from non-English category to pick up top acting trophies from U.S. Screen Actors Gui..