Samsung’s compliance committee to up ESG monitoring with factory site visits Samsung Group’s Compliance Monitoring Committee will directly visit production facility construction sites of affiliated firms in a move to strengthen its environmental, social, and governance (ESG) m..

Top 5 Korean savings banks suffer 78% plunge in Q1 net profit South Korean savings banks saw their net profit fall by nearly 80 percent in the first quarter due to rising interest costs and expanded reserves for bad debt. According to each disclosure filed by t..

CJ Freshway’s Pieat uses crowdfunding to discover hidden gem restaurants CJ Freshway Corp., CJ Group’s food distribution and catering company, has given gourmets the chance to discover well-regarded small little restaurants, while giving the popular restaurants new busines..

Samsung Electronics to celebrate 30th anniversary of New Management Initiative Samsung Electronics Co. will commemorate the 30th anniversary of its transformative “New Management Initiative” on Wednesday, a milestone that marks a significant turning point for the South Korean te..

Credit card companies sell 82 percent more of their delinquent loans in Q1 South Korean credit card companies saw their overdue bond sales surge by 82 percent in the first quarter from a year ago as they preemptively monetized the delinquent loans amid the worsening business..

Netflix’s pricing overhaul may threaten Korean over-the-top services South Korean over-the-top (OTT) media service platforms are on alert as the new pricing policy of the industry’s top Netflix Inc. to block free sharing of accounts between acquaintances is expected to..

AliExpress pledges five-day delivery to Korean customers to grow market AliExpress, the global e-commerce platform of Chinese online shopping giant Alibaba Group Holding Ltd., sees South Korea as one of the countries it will focus to grow as the it has grown to be the se..

Savings banks federation introduces support measures to help low-tier lenders South Korean savings banks are facing a double whammy of falling loan rates and reduced loan volumes, triggering their representative organization to develop supportive measures to boost poor profitab..

Competition heats up to secure aircraft on surging passenger traffic Intense competition for new aircraft acquisition is unfolding in the aviation industry, which has reduced the number of planes due to the pandemic but now sees a resurgence in international passenger ..

InBody seeking to ramp up global sales of body water analyzers South Korea’s InBody Co., a global leader in body composition technology, is seeking to establish its dominance in the field of analyzing the body’s most abundant component, water, with a specialized ..

Korea’s SK hynix loses ground amid sluggish NAND business South Korean chipmaker SK hynix Inc. is losing its industry presence as it struggles to create synergy with the NAND flash business it acquired from U.S. Intel Corp. According to data from market res..

Kospi-listed JS Corp. to become new owner of Grand Hyatt Seoul The Grand Hyatt Seoul, a five-star hotel located near Namsan in central Seoul will have a new owner, JS Corp., a Kospi-listed company and South Korea’s leading handbag manufacturer with more than 1 tr..

HD Hyundai Heavy Industries aims to take lead in smart factory technology South Korea’s HD Hyundai Heavy Industries Co., the world’s largest shipbuilder, is pioneering into the field of smart shipbuilding, an area that has not been attempted by its leading peers for its com..

Korean lenders’ Q1 net profit nears $5.3 bn on strong interest income South Korean commercial lenders are estimated to have earned a record net profit of nearly 7 trillion won ($5.3 billion) in the first quarter on the back of strong interest income from loans.According..

Korea’s S Net Systems aims to build cloud systems for SMEs S Net Systems Inc., a South Korean company that engages in the provision of computer and information technology solutions, aims to play a leading role in helping small and medium-sized enterprises (SM..

Korea’s Dongkuk Steel Mill to transform into holding company structure South Korean steelmaker Dongkuk Steel Mill Co. is expected to undergo transformation following the return of its Chairman Sae-Joo Chang after a special pardon in August last year. Dongkuk Steel plans ..

Korean department stores present local fashion labels to allure young consumers South Korean department stores are shifting focus to local fashion brands from luxury brands to seek a breakthrough as sales of luxury brands have slowed this year. According to multiple sources from..

Parisian fashion brand Destree opens exclusive pop-up store in Seoul French fashion label Destree, co-founded by Geraldine Guyot-Arnault, a daughter-in-law of Bernard Arnault, chairman of the world’s largest luxury group LVMH Moët Hennessy Louis Vuitton SE (LVMH),..

Samsung Electronics bets on ultra-premium TVs to expand market presence in China South Korea’s tech giant, Samsung Electronics Co., is making a bold move to regain its foothold in the Chinese TV market by introducing new “ultra-premium” TVs. This comes at a time when Chinese TV ma..

Bereaved family of Nexon founder settles inheritance with NXC shares The bereaved family members of Kim Jung-ju, the founder of gaming giant Nexon Co. that passed away in February last year, have paid their inheritance tax to the government with the shares in its holdi..

Korea wins bid to host world’s largest robotics conference in Seoul in 2027 South Korea will host the International Conference on Robotics and Automation (ICRA), the world‘s most prestigious academic event in the field of robotics, in 2027. According to multiple sources from..

Korea’s Tada Basic service remains banned despite court’s non-guilty verdict Lee Jae-woong, former chief executive officer of South Korea’s car sharing platform SOCAR Inc., criticized the National Assembly for practically banning a taxi service Tada by introducing an amendment..

Netmarble to release three new games in Q3 in hopes to improve earnings South Korea’s major game developer Netmarble Corp. will roll out three new games that are easy and fun to play in the third quarter, with hopes that the releases will help improve its poor earnings pe..

Korean biosimilar companies seek approvals as blockbuster drug patents expire South Korean biosimilar companies are scrambling to gain approvals in major markets, following the patent expiry of a series of blockbuster drugs including Humira, the world’s top-selling drug that ac..

Hyundai Motor, Kia to update in-vehicle infotainment services in June Drivers of Hyundai Motor Co. and Kia Corp. vehicles will be able to enjoy a wide range of infotainment services such as Podbbang, an audio streaming service, from June, as the auto giants strive to ke..

Korea’s Naver, Kakao to ban AI use in webtoon contests South Korean platform behemoths Naver Corp. and Kakao Corp. have decided to ban participants of webtoon contests from using artificial intelligence (AI) tools amid growing controversy over AI utilizat..

Mobile service launched to help borrowers shift to better deals on loans A mobile-based loan comparison and replacement service, a key policy of the Yoon Suk Yeol administration for financial market competition, was launched on Wednesday, which enables consumers to easily ..

Korea grants unconditional approval to MS’s acquisition of Activision Blizzard South Korea’s antitrust regulator said Tuesday it has decided to grant unconditional approval to Microsoft Corp.’s acquisition of global game development company Activision Blizzard Inc. as the deal i..

Krafton speeds up expansion into Indian gaming market Krafton Inc., the South Korean game company with the highest proportion of overseas revenue, is ramping up its efforts to capture the Indian market as the company recognizes the future potential of th..

Korean food delivery apps tap deeper into Vietnam market South Korean food delivery apps are gaining huge popularity in Vietnam as demand grows for simple and convenient service while Korean food and culture gains traction among young consumers. According ..

Memory chipmakers gearing to introduce advanced DRAM technology South Korean memory chipmakers Samsung Electronics Co. and SK hynix Inc. are going aggressive in supplying next-generation Double Data Rate 5 (DDR5) products amid growing demand for generative artific..

Korea to support commercialization of 10 innovative medical technologies The Korea Medical Device Development Fund on Thursday selected 10 innovative medical technologies that will be supported for commercialization, including a wearable insulin pump patch, an imaging devi..

Korea successfully launches homegrown space rocket Nuri for third time South Korea on Thursday successfully lifted off its homegrown space rocket Nuri for a third time after a second launch in June, proving the country’s ability to operate a space vehicle. “The third la..

Korea’s RNR takes movies to another dimension with Monoplex Customized cinema solution provider Monoplex opened its 10th cinema that offers movie theaters within a hotel in September as parts of business to provide screens at small areas. Monoplex is a specia..

Korean e-commerce platforms turn to AI for in-depth customer review analysis South Korean e-commerce players are applying artificial intelligence (AI) technology to their platforms to analyze consumer reviews, which allows them to improve the quality of products and delivery. ..

Korea’s KBI Metal ramps up global expansion for ventilated seat motors South Korea’s KBI Metal Co., a specialized manufacturer of wire materials and car electronics components for the automotive industry, is accelerating global expansion as its blower motors for car vent..

Local IT giants delay AI model releases as foreign competition intensifies Naver Corp. and Kakao Corp., Korea’s two tech giants, are postponing releases of their latest generative artificial intelligence (AI) models to fine-tune their performance, as they are conscious of th..

Samsung targets healthcare market with Galaxy Watch to track sleep Samsung Electronics Co. plans to strengthen its technology for healthcare strategy, with a focus on a sleep tracking feature embedded in its Galaxy Watch. At a press conference held in Seoul on Tuesd..

Virtual reality game market gains traction ahead of Apple’s headset release The global virtual reality (VR) game market is gaining traction amid new releases ahead of Apple Inc.’s introduction of a mixed-reality (MR) headset next month. According to the information technolog..

Korean forum underscores industry-academia-government ties for carbon neutrality A research innovation platform that engages companies, government, and universities will be needed for South Korea to achieve carbon neutrality by 2050. Seoul National University (SNU), Korea Advance..

Naver shares remain sluggish amid AI stocks surge Despite the global surge in artificial intelligence (AI)-related stocks, shares of South Korea’s top portal Naver Corp. are displaying a sluggish trend. Investor sentiment towards the company seems to..

Stocks favored by individual investors yield negative returns in May Despite the ongoing upward trend in the Korean stock market, propelled by foreign net buying since mid-May, stocks beloved by individual investors ended up mostly negative last month. According to th..

KEPCO cuts new bond sale after power bill hikes The South Korean market for top-rated AAA corporate bonds, commonly known as blue chip bonds, is anticipated to undergo a change, with reduced issuance of Korea Electric Power Corp. (KEPCO) notes and ..

Korea’s Harvard Business School alumni to invest in early startups An angel investment association, which consists of alumni of Harvard Business School in Korea, was recently formed and is actively engaged in investing in early-stage startups, drawing much attention...

Korean unicorns see Q1 profitability worsen on weak demand, financing issues South Korean unicorns, unlisted startups with valuation of over $1 billion, have seen their profitability worsen in the first quarter despite higher revenues, underscoring the importance of their abil..

Foreign investment in Samsung Group stocks hits 23-year high In a remarkable turn of events, foreign investment funds flowing into Samsung Group stocks, including Samsung Electronics Co., have reached a staggering peak not seen in the past 23 years since 2000. ..

Korean market yields rebound while companies ready bond issuance Concerns are rising in the corporate bond market as market yields including those of short- and long-term treasury notes are exceeding the 3.5 percent benchmark rate on a rebound since the end of May...

Korean IPO market to get a boost on improved environment South Korea’s initial public offering (IPO) market is expected to gain momentum this year, with top companies valued at several trillions of won making debuts on the local stock markets. According to..

Hyosung shares to rebound in H2 on strong performance of subsidiaries Hyosung Corp., the holding company of South Korea’s textile and chemical conglomerate Hyosung Group, is expected to see its stock price rebound in the second half on the back of strong performance of ..

Korea’s pension fund delivers 6.35% return in Q1 on strong stocks South Korea’s National Pension Service (NPS), the country’s operator of pension funds that saw up to 80 trillion won ($60.6 billion) in valuation losses last year, managed to make up for the losses by..

Advanced redemption of equity-linked securities reaches $10 bn this year Equity-linked securities (ELSs) issued in the second half of last year have seen an increase in the volume of advanced redemption as global stock markets rise this year. According to the Korea Securi..

Korea unveils new rules on CFD trading South Korean financial authorities on Monday announced an overhaul on contract for difference (CFD) trading that is blamed for triggering the recent stock plunge following massive sell orders through ..

Daol’s second-biggest shareholder raises questions on acquisition purpose A recently-acquired large ownership stake in Daol Investment & Securities Co. is raising questions, as the now second-largest shareholder who is a representative of Presto Investment Management Co., i..

Global semiconductor market may rebound early on strong AI chip demand U.S. chipmaker Nvidia Corp.’s surprise earnings for the first quarter are raising expectations that the global semiconductor industry could bottom out sooner than expected. Analysts say that the surg..

Mirae Asset Global brings together global ETF officials for discussion Mirae Asset Global Investments Co., a leading asset manager in South Korea, held a global meeting in Seoul and Hongcheon in Gangwon Province this week where executives in exchange traded fund (ETF) bu..

Korean investors flock to Japanese stock market to buy U.S. ETFs South Korean investors are turning to Japanese stocks that reached their highest level in 33 years last week, with many of them buying Japan-listed U.S. exchange-traded funds (ETFs) as they hope to ga..

Shares of builders rise on hopes of Ukraine’s post-war reconstruction South Korea’s construction stocks, which had been sluggish amid a slump in the local real estate market, rallied on Wednesday, reflecting favorable factors from overseas, such as the post-war reconstr..

Short selling, low capital input hurt stocks included into Kosdaq 150 index Companies newly included in the Kosdaq 150 index are experiencing a detrimental effect on their stock prices due to diminishing demand from index-tracking funds coupled with negative short-selling act..

Mirae Asset Securities to work with global companies for security tokens Mirae Asset Securities Co., a major player in the investment banking industry in South Korea, is making aggressive moves to gain a competitive edge in the token securities market that will be introduc..

South Korea’s battery stocks rise again after Tesla shares surge Battery stocks are gaining ground again in the South Korean stock market as shares of Tesla Inc. recently rose in the U.S. market. While there are no doubt about the potential of these shares, concern..

Ramyeon prices in S. Korea reach highest level since global financial crisis The price of ramyeon products in South Korea reached their highest level since the global financial crisis last month, indicating a significant surge in food price inflation, government data showed on..

S. Korea’s manufacturing production capacity index hits record low in 38 months South Korea’s manufacturing production capacity index has experienced a historic decline for the seventh consecutive month, reaching its lowest level in three years and two months. The decline, couple..

Korea’s export destinations diversify as shipment to China remains sluggish South Korea’s exports to trade partners other than China are increasing, indicating that market diversification is underway due to a slump in shipments to China, according to a report published by the..

Korea’s foreign reserves down by $5.7 billion in May on strong U.S. dollar South Korea’s foreign reserves fell for the first time in three months as the country’s monetary authorities took actions to stabilize the local currency against a strong U.S. dollar. According to a ..

Korea seeks to establish database to better analyze minimum wage impact South Korea has decided to comprehensively analyze the impact a rise in the minimum wage will have on the economy, on top of the effect it would have on workers and employers, and overhaul the wage se..

New apartment prices in Korea soar on cement price hikes The price of new apartments in South Korea is on a sharp rise as prices of construction materials go up. According to the cement industry on Sunday, Korean cement company Sungshin Cement Co. recently..

Korean economic minister shows optimism as exports improve South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho expressed optimism on Friday regarding the improvement of the country’s exports, which have been sluggish for eight..

South Korea’s inflation in May cools to lowest in 19 months South Korea’s inflation eased for the fourth consecutive month last month, dropping to the low 3 percent range thanks to the continued downward trend in petroleum prices, which has alleviated overall ..

Korean young adults skeptical about viability of National Pension Fund Nine out of ten South Korean millennials and younger generations express significant concerns about the depletion of the National Pension Fund, according to a survey. The so-called MZ Generation beli..

Korea ramps up efforts to build global biotech cluster The South Korean government plans to add core technologies related to biopharmaceuticals, such as animal cell culture and purification technologies, to the list of national strategic technologies subj..

South Korea more reliant on China for battery materials South Korea’s dependence on China for battery materials is growing amid sluggish exports, with trade balance in the red for 15 consecutive months, government data showed on Thursday. From January to ..

Korea’s Q1 growth stays positive thanks to private consumption The Korean economy grew 0.3 percent in the first quarter, thanks to an increase in private consumption following the exit from Covid social distancing measures.The Bank of Korea announced on Friday th..

S. Korea mulls measures to address shortage of emergency beds To address the shortage of emergency beds, new measures are being explored in South Korea, which prioritizes the allocation of beds to severe patients by transferring mild cases to other facilities. T..

S. Korea to invest $364 mn in AI-driven tech projects for global leadership The South Korean government has unveiled plans to invest in an ambitious artificial intelligence (AI) project aimed at bolstering the nation’s expertise in areas where it already holds a dominant posi..

Chinese nationals account for half of foreign-owned houses in S. Korea Chinese, including ethnic Koreans, own more than 45,000 homes in South Korea, making them the largest foreign nationality to own a home in the country, government data showed on Wednesday. As of the ..

Korea to extend period of stay for seasonal migrant workers to 8 months The South Korean government will allow foreign seasonal workers to extend their stay from the current five months to eight months to tackle chronic labor shortages in the country’s agricultural and fi..

Telecommuting workers in public sector up 100 times from pre-Covid levels Telecommuting in South Korean public institutions last year reached a level 100 times higher than before the Covid-19 pandemic, according to data on Wednesday. In addition, the number of individuals t..

Korea’s industrial output, consumption contract in April Korea’s industrial production and consumption both turned downward in April, failing to continue the upward trend seen over the past two months.According to data released by Statistics Korea on Wednes..

Controversy erupts over high pricing of telemedicine in S. Korea South Korea on Tuesday unveiled its action plan for telemedicine, which is scheduled to be fully implemented within three months, to allow patients to attend hospital appointments by video and phone w..

Korea’s housing market shows signs of recovery amid supply decline The South Korean housing market is showing signs of recovery amid a growing consensus that it has reached the bottom of its cycle. According to a survey of eight industry experts conducted by Maeil B..

South Korea to overhaul state subsidy system for civil groups The South Korean government is poised to restructure its subsidy system as a recent inspection uncovered cases of illegal spending by civil groups, in an effort to thoroughly manage state aids to prev..

Korea drops Covid-19 isolation mandate, closes temporary testing centers People infected with Covid-19 in South Korea are no longer required to isolate for 7 days following the government’s decision Thursday to end almost all of the pandemic rules that had been in place fo..

North Korea’s satellite launch triggers false evacuation alert in Seoul North Korea launched a space vehicle carrying its military reconnaissance satellite, triggering South Korea to send emergency alerts on Wednesday. The Ministry of the Interior and Safety said in a pr..

Seoul mulls banning late-night, rush-hour rallies The Korean government and the ruling party are exploring measures to restrict demonstrations during late night and commuting hours that cause inconvenience to citizens, while considering limitations o..

Seoul to ease building rules to create digital finance center in Yeouido The Seoul Metropolitan Government unveiled a plan on Wednesday, which include measures to boost the floor area ratio to up to 1,200 percent and scrap a height limit for new buildings, paving the way f..

Homegrown rocket Nuri with multiple satellites awaits countdown South Korea’s homegrown rocket Nuri, also known as KSLV-Ⅱ, is poised for its much-anticipated launch with multiple commercial satellites on board. The Ministry of Science and ICT and the Korea Aerosp..

Asan Medical Center helps Costa Rica’s first living donor liver transplant The first successful case of adult living donor liver transplantation was performed in Costa Rica, marking a significant milestone in that field. Developed by a Korean surgeon three decades ago, this ..

Yoon, Kishida jointly commemorate Korean atomic bomb victims in Hiroshima President Yoon Suk Yeol honored the Korean atomic bomb victims at the Hiroshima Peace Memorial Park on Sunday, as he paid a visit the cenotaph for Korean victims there alongside Japanese Prime Ministe..

Illegal drug smuggling hit record in first four months of this year Smuggling drugs has become increasingly sophisticated and criminal groups in South Korea, a country in a war against the abuse of illicit drugs, have become involved. The Korea Customs Service Commis..

Canada ready to collaborate with S. Korea on critical minerals, clean energy Canadian Prime Minister Justin Trudeau stressed that his country is ready to work with South Korea on critical minerals and a green partnership in an address to Korea’s National Assembly on Wednesday...

Seoul calls for proposals to build 2nd Sejong Cultural Center in Yeouido Seoul has embarked on an open call for proposals from design firms to construct a second Sejong Cultural Center in Yeouido. The capital city of South Korea aims to position Yeouido, already renowned a..

Korean government to reassess funding for KEPCO-led university The South Korean government has decided to reconsider the plan to fund the project of the state-run utility Korea Electric Power Corp. (KEPCO) building an engineering university as a large-scale spend..

Seoul lifts almost all Covid-19 restrictions South Korean President Yoon Suk Yeol has announced the end of almost all Covid-19 restrictions, including mandatory isolation.Yoon said during a Covid-19 response meeting on Thursday that the seven-da..

Entrance scores for Korean medical schools keep rising due to competition While entrance exam scores for medical schools in South Korea have continued to rise over the past three years, those for the country’s top universities, including Seoul National University (SNU), Yon..

Pent-up demand for luxury weddings grows in South Korea South Korea has recently seen a surge in demand for premium hotel wedding services that can cost hundreds of millions of won. Banyan Tree Club & Spa Seoul has caught the attention of the public for i..

Leaders of Korea, Japan renew bilateral relations during Seoul summit Leaders of South Korea and Japan held a summit in Seoul on Sunday and confirmed the restoration of shuttle diplomacy between the two countries for the first time in 12 years.“The visit to Japan in Mar..

Editorial: New Korea-U.S. technology dialogue should address chips, EV rules South Korean President Yoon Suk Yeol and U.S. President Joe Biden agreed to launch a Next Generation Critical and Emerging Technologies Dialogue during their summit in Washington on Wednesday, local t..

Korea’s villa jeonse market faces collapse on tighter deposit insurance South Korea’s villa housing market in is facing a crisis due to stricter standards for jeonse deposit insurance policies that go into effect next month.A villa is composed of small-sized residential b..

1 out of 5 accommodations in Seoul are Airbnb rooms: Study One out of every five accommodations in Seoul are rooms provided by Airbnb Inc., a peer-to-peer lodging service provider headquartered in the U.S., a study showed Thursday.According to a report publis..

Editorial: Korean-style nuclear sharing with U.S. needed to deter North’s action South Korea’s President Yoon Suk Yeol and U.S. President Joe Biden will reportedly adopt a separate special document on strengthening U.S. extended deterrence commitment to South Korea during their su..

Reward for patriotism and the miracle of 100 Korean won I recently visited the U.S. to meet with the director of the Federal Bureau of Investigation to discuss comprehensive security cooperation, including action plans against cybercrime and terrorist thre..

Editorial: Seoul-Jakarta ties can enhance supply chain, national security The Maekyung Indonesia Forum, organized by the Maeil Business Newspaper, took place in Jakarta earlier this week and the two-day conference served as a stepping stone in the bilateral relationship bet..

Editorial: Japan should step up efforts for global supply chain cooperation Japanese Prime Minister Fumio Kishida that visited Seoul for two days is known to have said that it would help if the “businesses take the initiative in fostering cooperation between South Korea and J..

Editorial: New Korea-U.S. technology dialogue should address chips, EV rules South Korean President Yoon Suk Yeol and U.S. President Joe Biden agreed to launch a Next Generation Critical and Emerging Technologies Dialogue during their summit in Washington on Wednesday, local t..

Editorial: Korean-style nuclear sharing with U.S. needed to deter North’s action South Korea’s President Yoon Suk Yeol and U.S. President Joe Biden will reportedly adopt a separate special document on strengthening U.S. extended deterrence commitment to South Korea during their su..

BIND wins D.Day X CJ Lifestyle startup competition in April BIND won the D.Day X CJ Lifestyle startup competition in April, which was co-hosted by D.Camp and CJ Group. D.Camp said last weekend that the event for April ended in success in cooperation with CJ G..

BTS’s Jimin makes history as first Korean soloist to top U.S. Billboard charts Jimin, a member of K-pop superstar BTS, has become the first South Korean solo artist to reach the top spot on the Billboard Hot 100 list with his single, “Like Crazy,” according to Billboard on Monda..

Songdo to take lead in forming global bio ecosystem: IFEZ Authority Commissioner Songdo in Incheon, Korea, which boasts the world’s single largest annual production capacity of biomedicines, will play the role of boosting global cooperation in all stages in the bio industry from d..

Hybe founder ‘satisfied’ on decision to end SM Entertainment feud with Kakao Bang Si-hyuk, the founder and chairman of Hybe Co., is “very much satisfied” with the recent decision to not take control of SM Entertainment Co. and instead seek partnership with platform giant Kakao..

Outfits in Korean dramas go viral in fashion industry South Korea’s e-commerce platforms are enjoying a sharp surge in the sales of fashion items including jackets and sweaters worn by characters in popular Korean dramas.According to online retail platfo..

Korea earns record surplus from content exports in 2022 helped by K-pop, K-drama South Korea earned $1.7 billion from exports of music, videos and related services last year, posting a record surplus in content exports, according to the Bank of Korea on Monday.Exports of K-content..

SM said to allow Kakao to distribute its music under prior agreement SM Entertainment Co., which Hybe Co. owns the biggest stake in, decided to entrust its label and music distribution exclusively to Kakao Entertainment Corp. as part of an agreement with Kakao Corp. ea..

SM to introduce multi-production system to end central management SM Entertainment Co. announced Friday that it will end almost 30 years of management centered from founder and chief producer Lee Soo-man and reassign artists to multiple production centers and labels..

Korean entertainment firms introduce virtual stars on K-pop scene South Korean entertainment giants are engaged in a new experiment of staging virtual K-pop music artists with the help of artificial intelligence technology. SM Entertainment Co., the agency behind NC..

Naver Webtoon to turn popular webtoon “True Beauty” to mobile game Naver Webtoon Corp., a webtoon platform by South Korea’s internet giant Naver Corp., will launch a mobile game based on its webtoon “True Beauty” in the global market as it seeks to reach out to a bro..

K-pop groups hope for star year after BTS takes hiatus Global eyes are on the South Korean K-pop scene as many newbies and popular stars come on stage this year with hopes to grab the attention of fans around the world that miss superstar BTS take a hiatu..

Korean content second most loved on Netflix in 2022 Korean content has been the second most loved OTT programs on global streaming service Netflix platform this year, proving Korean content’s potential to appeal to the broad audience base across the wo..

Eldest BTS member Jin begins military service Jin of K-pop sensation BTS became the first member of the boy band to start mandatory military service in South Korea on Tuesday, fulfilling his pledge that ended a debate about whether to grant popul..

South Korean unveils plans to attract 30 million visitors by 2027 The South Korean government unveiled measures, including easing travel-related restrictions, in its efforts to attract 30 million tourists by 2027 as borders around the world reopen amid easing in Cov..

Kangta saw 91% return from sale of SM Entertainment shares Kangta, a member of the former boy band H.O.T., earned a return of 91 percent from selling SM Entertainment stocks. The signer sold 2,200 shares worth 179.56 million won ($136,855) for two days on Dec..

Korean webtoon Romance 101 debuts as TV drama in Japan Naver Webtoon’s Romance 101 will be reproduced and aired as a TV drama by Japan’s major broadcaster TV Asahi next year, setting a milestone to become the first Korean webtoon to be exported to an over..

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

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

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

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