Lotte Tour Development raises financing to open Jeju Dream Tower without delay Lotte Tour Development Co. has secured 800 billion won ($724 million) through mortgage and convertible bond issue in funding to open Jeju Dream Tower, its new 38-story leisure complex, next month as p..

Genesis GV70 adds “finger” smart features to command car and pay while driving Genesis G70, the second SUV of Hyundai Motor’s luxury marque, sports smart features allowing drive-thru payment on touchscreen and safety recognition of backseat passengers through biometric recogniti..

SK Telecom angers mobility players for chasing their employees for mobility launch The heat has flared up in South Korea’s mobility sector that has far lagged behind other countries due to regulatory hurdles, with big corporate names moving into the burgeoning segment and chasing ta..

Lotte Group implements generation change at executive level South Korea’s fifth-largest Lotte Group has turned younger, with executive positions filled with 50s at latest reshuffle to become more agile to fast-changing environment from the pandemic. Lotte Gr..

Hankook Technology to merge with battery-making unit Hankook AtlasBX Hankook Technology Group Co. (formerly Hankook Tire Worldwide), the holding company of South Korea’s top tire maker Hankook Tire & Technology, will merge with its battery-making subsidiary Hankook Atl..

LG to be restructured into two holding firms with spinoff of 5 affiliates The split of LG Group has become official to concentrate the fourth largest conglomerate’s resources on electronics and materials for new growth under Chairman Koo Kwang-mo by letting go off his uncle..

Samsung Elec`s Q3 share in global smartphone profit hits 6-year high Samsung Electronics Co.’s profitability from smartphone sales jumped in the third quarter thanks to its pricy rollable and 5G latest flagships, pushing its share in global earnings to its best in six ..

Doosan Heavy holds biggest 18-percent stake in Doosan Fuel Cell Doosan Heavy Industries & Construction has become the largest shareholder of Doosan Group’s lucrative Doosan Fuel Cell Co. after its owner family members donated their stakes to improve Doosan Heavy’s..

Samsung Elec’s next premium phone may be in rollable display Samsung Electronics’ next flagship handset may be in rollable whose screen can stretch up to eight inches, according to a 3D image released by famous Dutch designer Jermain Smit in cooperation with Le..

T Map Mobility becomes a standalone mobility unit from SK Telecom SK Telecom Co. will launch a standalone mobility business entity next month as its plan to spin off the mobility business was approved by its shareholders on Thursday. The South Korea’s top telco sai..

Hyundai, Kia EV exports surge 71% on year in Jan-Oct South Korea’s Hyundai Motor Co. and its sibling Kia Motors Corp. have made big strides in EV exports this year despite the overall gloom from Covid-19 pandemic. According to the automakers on Thursda..

LG Group replaces LG Uplus CEO ahead of major spinoffs South Korea’s fourth-largest conglomerate LG Group let go one of its longest-serving CEOs in a regular executive reshuffle to realign management during a critical transition period. Ha Hyun-hwoi, chi..

LS Group speeds up generational change in management Grandson-generation of the Koo founding family has been fielded to executive posts at LS Group on Tuesday, suggesting a shift to younger generation at the management amidst market uncertainties.LS Gro..

Naver to activate multi-robot intelligence system at second head office South Korea’s top internet portal Naver Corp. will establish a multi-robot intelligence system at its second head office building in Bundang, Gyeonggi Province, which is currently under construction f..

Korea’s SK Materials and Japan’s JNC set up OLED materials JV in Korea South Korea’s SK Materials Co. is expanding to OLED materials in partnership with Japan’s JNC Corporation. The two firms have agreed to set up a joint venture, tentatively named SK JNC Co., to manufa..

Hyundai Motor, Lotte Group chiefs to discuss auto materials alliance Hyundai Motor Group chair Chung Euisun who has been eager in building alliance on the domestic front on future mobility and value chain is meeting Lotte Group chairman Shin Dong-bin to tap areas of co..

Danish firm Ørsted to invest $7.2 bn to build offshore wind farm in Korea The world’s No.1 offshore wind power company Ørsted will construct the biggest wind farm in Asia Pacific region with a capacity of up to 1.6GW in the waters off the coast of Incheon, west of Seoul, in..

Hyundai Heavy, Eugene Group shortlisted to acquire Doosan Infracore Hyundai Heavy Industries-led consortium and Eugene Group go after the 36.1 percent stake in Doosan Infracore Co., the heavy equipment unit of South Korean conglomerate Doosan Group, by entering exclus..

Hyundai Motor strikes hydrogen partnership with British chemical giant Ineos South Korea’s biggest automaker Hyundai Motor Co. said Monday it has partnered with British chemical giant Ineos to expand the hydrogen fuel cell ecosystem across Europe. The two companies would set u..

GS Retail branches out for partnership to build up online power South Korea’s retail giant GS Retail Co. which is bulking up through the merger with GS Home Shopping is seeking various partnership to build up its supply channels and network for greater online shop..

SCM Lifescience gains momentum in immune and cell therapy R&D with US financing South Korea’s SCM Lifescience, a high-purity stem cell biotech name, is beefing up its cell therapy capabilities through CoImmune, which successfully completed a series A financing worth $45 million t..

World’s first wearable to treat depression files for approval in Korea Neofect, a Kosdaq-listed company dedicated to rehab medicine, said on Wednesday its partner company Ybrain has completed filing for marketing approval of what would be the world’s first commercially a..

Doosan Heavy Industries to make hydrogen from wind power in Jeju Doosan Heavy Industries & Construction has joined an ambitious state-led venture on hydrogen generation and storage based on wind power in the Jeju Island.Doosan Heavy Industries announced on Wednesda..

Samsung Biologics set to join $1 billion sales club this year South Korea’s Samsung Biologics is expected to join the $1 billion sales club less than a decade since founding.The world’s largest CMO earned revenue of 789.5 billion won ($712 million) by September,..

SK Chemicals in profit-taking after expectations for AZ’s Covid-19 vaccine Shares of SK Chemicals declined to negative territory Wednesday as investors took profit from strong gains this month on expectations about business growth in connection with its unlisted vaccine subs..

Celltrion readies Covid-19 antibody agent available for 100,000 patients at home South Korea’s bio giant Celltrion can roll out its investigational Covid-19 antibody agent upon regulatory approval possibly around early next year, with 100,000 doses secured for domestic treatment a..

Seoul oks 2 more clinical trials to fight Covid-19, raising the pipeline candidates to 30 Korean heath authorities have approved two more clinical trials to fight Covid-19, bringing the total number of approved human body tests to explore effective drugs or vaccines against the virus to 30..

Geno Focus files for patent of antioxidant enzyme substance as Covid-19 cure Kosdaq-listed biotech firm Geno Focus said on Tuesday it has filed for patent application of its antioxidant enzyme SOD (superoxide dismutase) being tested as a novel drug and its variant after it was..

Korea’s Isu Abxis pens orphan drug license deal with Russian pharma South Korea’s clinical stage drug developer Isu Abxis Co. has signed a deal to license its investigational biosimilar of rare disease drug Soliris (eculizumab) to Russian pharmaceutical company Pharma..

SK Telecom, Samsung jointly develop next-gen cloud native core network system South Korea`s wireless leader SK Telecom and electronics giant Samsung Electronics joined forces to develop next-generation cloud native core network system, a key telecom infrastructure that handles ..

Kainos Medicine shares rally on partnership with Jiangsu Aidi for global sale of AIDS therapy Shares of Kainos Medicine Inc., a clinical stage Korean biotech company, rallied on Monday after the company announced that it signed a memorandum of understanding with its Chinese partner Jiangsu Aid..

Korean IT firms, manufacturers tap into biotech pool Both big-tech services and traditional manufacturing companies in South Korea are tapping bio and health care ventures for synergy amid fast migration to contactless society.Naver, Korea’s biggest por..

ITC again puts off final ruling on botox dispute between Medytox, Daewoong The U.S. International Trade Commission (ITC) again postponed its final ruling on a dispute over the originality of a botulinum toxin strain between South Korean drugmakers Medytox Inc. and Daewoong P..

Korean antigen-based test kits in high demand amid global virus resurgence Korean Covid-19 kits delivering results in less than a half an hour are in hot demand as the globe fights with another wave of the virus outbreak in colder climate. According to the Ministry of Food a..

Samsung Biologics, Celltrion to add fourth plants in Songo to keep up bio lead South Korean bio giants Samsung Biologics and Celltrion are each adding fourth plant at their manufacturing base in Songdo, the bio hub in Incheon west of Seoul, to boast unrivalled capacity. Samsung..

Helixmith initiates Phase 2 trial of Engensis in treatment of Lou Gehrig`s disease in U.S. South Korea’s Helixmith said on Wednesday it has started a Phase 2 study of gene therapy Engensis (VM202) in the treatment of amyotrophic lateral sclerosis (ALS), often called Lou Gehrig`s disease, in..

Samsung Biologics delivers initial coronavirus cure to Lilly Samsung Biologics announced on Tuesday it has completed its initial batch delivery of COVID19 antibody treatments under development by U.S. pharmaceutical company Eli Lilly. The two signed a long-ter..

SK Plasma starts shipment of albumin products for NATO base in Afghanistan South Korea’s SK Plasma on Tuesday began commercial rollout of Albumin 20 percent Inj., a therapeutic substance derived from human blood, and its delivery to Afghanistan military and police forces und..

Celltrion’s drug-making and distribution affiliates report strong Q3 earnings South Korea’s largest biosimilar manufacturer Celltrion Inc.’s drug-making and distribution units reported strong earnings in the third quarter thanks to brisk sales of its own human immunodeficiency ..

High-tech turns abandoned tunnel into the world’s largest indoor farm in S. Korea An abandoned highway tunnel that once connected cities of Daejeon and Daegu in southern South Korea is now home to the world’s largest indoor farm equipped with high-tech LEDs and sensors for hydropon..

TLB, FnGuide, Prestige BioPharma prices IPOs next week The year-end IPO pipeline in South Korea remains vigorous amid brimming deposits in stock accounts.TLB, a printed circuit board (PCB) maker, will conduct a book building on Nov.30 to Dec. 1 to offer 1..

Vestas Investment forms $272 mn blind fund for logistics centers in Europe South Korean real estate investment manager Vestas Investment Management has set up a 300 billion won ($271.5 million) blind fund with local institutions to target Europe’s burgeoning logistics market..

Hana Alternative to sell Amazon logistics centers in Poland at estimated $217mn South Korea’s Hana Alternative Asset Management Co. is cashing out of its Amazon.com logistics centers in Poland with better than expected returns. Hana Alternative is negotiating the sale with multi..

Big Korean companies’ cash hoard nearly tripled from a year ago as of Sept South Korea’s big companies have added more than 17 trillion won ($15 billion) in their free cash flows this year as they withheld investment amid uncertainties from the pandemic. Of 500 large compan..

Korea’s fried chicken franchise Pelicana to control homegrown pizza chain Mr. Pizza A consortium led by South Korean fried chicken franchise Pelicana last week completed a deal to buy MP Group, the owner of homegrown pizza chain Mr. Pizza and coffee chain Manoffin, paving the way for..

SsangYong pins last hope on Rexton for recovery despite disclaimer opinion South Korea’s troubled carmaker SsangYong Motor Co. is pinning its corporate viability hope on All New Rexton, its flagship sport utility vehicle (SUV), amid rising demand for spacey cars for car camp..

Kospi performing second best among G20 at historic highs may reach 3,000: analysts Korean main stock index Kospi renewing historic highs as the second best performer in G20 category this year is expected to keep up the bull run into the new year and hit as high as 3,000, given the f..

Bio, EV battery, game category performs twice better than average of Korean Inc. The so-called BBIG – bio, battery, internet and game – category performed twice better than the average of listed Korean companies this year as the pandemic-dominated environment gave them..

Goldman Sachs joins the heated race for CJ Olive Young’s pre-IPO placement Goldman Sachs became the latest to go after private equity offerings in CJ Olive Young Corp. for a share in South Korea’s biggest health and beauty chain store before it goes public in 2022. Goldman..

First-generation K-drama producer Kim Jong-hak Production up for sale South Korea’s first-generation and major drama producer Kim Jong-hak Production is put on the market on hopes that it would draw many investors and content providing platforms on the back of rising po..

Woori Bank to shutter 86% or 700 or more branches South Korea’s major commercial lender Woori Bank will close down around 700 or 86 percent of its branches across the nation over the long run and operate just 117 branches by integrating services to s..

Doosan Infracore sale to pick up speed after litigation risk removed South Korea’s Doosan Group has decided to take all the responsibility for the litigation risk related to Doosan Infracore China (DICC) to make Doosan Infracore Co. a risk-free company in a move to exp..

Korean Inc. to see profit strengthen Q4 and end 2020 in positive growth Korean Inc. who fared better than expected in the third quarter are projected to keep up their profit streak in the fourth quarter, led by bio and technology companies, and end the year with a positiv..

W Concept Korea tender draws 6~7 preliminary bids The race for W Concept Korea Co., a popular South Korean online fashion mall, is hot. Its owner IMM Private Equity and sale advisor Citigroup Global Markets Korea Securities reportedly received six ..

Korean Inc. delivers double-digit income growth Q3, even without Samsung Elec Korean Inc. delivered double-digit income growth in the third quarter despite lingering pandemic crisis, with six out of 10 listed companies performing better than expected. According to data by the ..

Bitcoin price tops $18,000 for first time in 34 months in S. Korea Bitcoin, the world`s best-known cryptocurrency, surpassed the 20 million won ($18,000) mark Wednesday for the first time in nearly three years, driven by high expectations of future price appreciation..

Stock deposits in Korea near record high in renewed retail fad The return of foreigners to the Korean stock market has not intimidated retailers as stock deposits reached a new brim amid revived market vitality on expectations for Covid-19 vaccine and cure arriva..

FnGuide prepares move to bigger Kosdaq, pricing on Dec. 3 South Korean financial market tracker FnGuide Inc. is preparing move to bigger Kosdaq with hopes to raise up to 10.6 billion won ($9.6 million) from the offering. The Seoul-based financial market da..

SK Innovation shares fall on S&P debt downgrade to speculative level Shares of SK Innovation Co., South Korea’s oil refining major with electric vehicle battery business, lost ground Wednesday upon a downgrade from global rating agency S&P questioning its short-term bu..

Korean stocks and currency test new two-year highs on multiple upsides South Korean stocks and currency are testing new two-year highs on a string of positive news – from joining of the world’s largest trade bloc to expectations of turning the corner in coronavirus..

Korea’s industrial activity and domestic demand turn negative in October South Korea’s industrial activity and domestic demand drooped in October after a brief rebound in the previous month. The seasonally adjusted mining and manufacturing output in October fell 1.2 perce..

Korea’s remedial order on French GTT may aid LNG building by Korean dockyards Korea’s Fair Trade Commission (KFTC)’s fining 12.52 billion won ($11.32 million) on Gaztransport & Technigaz (GTT) S.A. for abusive commercial practices with local shipyards is expected to remove a ma..

S. Korea to demonstrate first truck platooning on public road South Korea on Friday demonstrates platooning of cooperative automated driving-based trucks on public roads for the first time, according to the Ministry of Land, Infrastructure and Transport. Cooper..

S. Korea’s imports of Japanese products recover on waning boycott South Korean imports from Japan have risen amid easing of consumer boycott since summer of last year amid diplomatic and trade frictions. Korea’s trade deficit against Japan widened $16.56 billion in..

Korea’s auto exports could plunge from sales ban of combustion engine cars South Korea could lose as much as $26 billion in automobile exports if sales of combustion engine-powered vehicles become banned at home from 2035 as proposed by Korea’s National Council on Climate an..

BOK turns more positive on econ: -1.1% for 2020, +3.0% for 2021 The South Korean central bank estimated 1.1 percent contraction in the pandemic-battered year, revised up from negative 1.3 percent forecast in August on economic improvement in the third quarter. In..

BOK more positive on econ for this and next year, but unready to change rate (Updated with quotes from BOK governor and market data) The Bank of Korea (BOK) has turned more upbeat about the economic fallout from the coronavirus this year and a rebound next year, but maintaine..

Global shippers to put 7 container ships to Korea-U.S. route to relieve vessel shortage Three foreign shipping majors agreed to lend out seven of their carriers to carry products on the route from South Korea and the United States amid surge in trade demand, according to the Ministry of ..

Korean manufacturer sentiment hits annual high in November South Korean manufacturers’ confidence improved in November to reach an annual high amid strong demand for flagship items such as electronics and automobiles at home and abroad. The business sentime..

More than 400 mom-and-pop stores close down in Seoul in Q2 alone PC bangs, or internet cafes where Koreans hang out for group games, and fried chicken shops, popular late-night snack and drinking locations, closed most in Seoul in the wake of Covid-19 outbreak. Ac..

Covid-19 changes Korean startup map to raise ecommerce over mom-and-pop stores The black-swan event of Covid-19 has changed the startup map in South Korea, persuading more to launch e-business rather than mom-and-pop stores. According to the Ministry of SMEs and Startups on Tue..

Korean insurers manage 6.1% gain in bottom line Jan-Sept despite virus South Korean insurers managed to add growth in coronavirus-battered year of 2020. The combined net income of life and non-life insurers came to 5.6 trillion won ($5 billion) for the January-September..

Korea’s household debt hit record $1.5 bn Q3 amid stock, housing frenzy South Korea’s household debt hit a fresh historic high of 1,682.1 trillion won ($1.5 billion) in the third quarter as Koreans relied on cheap borrowings to survive distress from the prolonged Covid-19..

Korean travel, cosmetics and duty free sectors downsize in Covid-19 environment South Korea’s travel agencies, cosmetics companies and duty free business have shed payroll amid protracted Covid-19 pandemic. According to the Financial Supervisory Service on Monday, the workforce ..

S. Korean exports in Nov. 1-20 up 11.1% on year South Korean exports in the first 20 days of November sustained double-digit growth on revived global and seasonal year-end demand ahead of the third coronavirus wave in the country. Outbound shipmen..

S. Korea to tighten regulations on local, foreign big-tech digital financial services South Korea’s big tech aspirants Naver Corp. and Kakao Corp. as well as their foreign rivals alike will fall under stricter scrutiny by the financial authority for financial services and related M&As...

KDB pushes heiress out and warns Hanjin chair can be next on poor management State lender Korea Development Bank has ordered an heiress of the Cho owner family behind Hanjin Group to stay out of management and reiterated that it could sack chairman Cho Won-tae if it is not hap..

KDB calls on GM Korea to quickly resolve labor unrest Korea Development Bank (KDB) once again called on GM Korea Co.’s management and labor union to resolve the long-pending wage settlement dispute. South Korea’s state lender with the second largest st..

Korea’s income gap worsens in Q3, bottom group survives on govt handouts South Korea’s income disparity between the haves and the haves-not worsened in the third quarter as income for the bottom bracket dropped sharply despite the government relief aids amid protracted Cov..

Korea’s crude steel output to sink to a four-year low this year South Korea’s crude steel yield will be a four-year low this year amid subdued global demand from the pandemic. The country’s crude steel output came at 49.6 million tons this year through September..

Seoul to install presidential body, vice energy min to meet carbon neutrality goal South Korea announced on Friday that it will launch a presidential body on carbon neutrality to fulfill its United Nations commitment to make the country emissions-free by 2050. In a pan-government s..

S. Korea virus cases near the spring outbreak tallies South Korea reported 583 new coronavirus cases on Thursday, topping 500 for the first time in eight months as the country battles a third wave of infections. Of the 583 cases, 553 were locally transm..

Korean SMEs, global retailers join Korea Grand Sourcing Fair 2020 for virtual conferencing Walmart and Shopee are some of multinational retail names South Korea has arranged for a virtual exhibition and conferencing with small and medium-sized merchandisers and producers at the Korea Grand ..

Seoul moves closer to mandating labor board representation in public entities South Korea may push ahead with the controversial move to mandate labor representative in the management board starting with public enterprises after a tripartite committee on labor-management issues ..

Renault Samsung, Hyundai, and foreign brands to recall over 160,000 cars in Korea Hyundai Motor Co. and its domestic and foreign peers including Renault Samsung Motors and Mercedes Benz Korea will voluntarily recall more than 160,000 vehicles for faulty parts in South Korea.The Min..

RCEP to open new markets for over 90% of S. Korea’s export items: Trade Minister The Regional Comprehensive Economic Partnership (RCEP) – the world’s largest free trade bloc – South Korea joined with 14 other countries will open new markets for more than 90 percent of ..

Chinese payment service Alipay readying to expand services in Korea China’s Alibaba Group is gearing up to expand Alipay to Koreans to target the country`s burgeoning mobile pay market dominated by local names. Alibaba representatives have discussed the matter with..

BTS nears the last part of “American journey” with Grammy nomination K-pop megastar BTS landed their first Grammy nomination on Tuesday, becoming the first South Korean pop artist to earn a nod from the prestigious U.S. music award. This also makes the septet the firs..

S. Korea and Turkmenistan to expand economic cooperation in energy, ICT sectors South Korea and Turkmenistan agreed to expand cooperation in chemical plants, health and more. The top trade officials of the two countries including Korea trade minister Sung Yun-mo and Myratgeldi ..

Seoul to conclude whether to accept Lone Star’s final out-of-court terms by Nov. 30 The South Korean government is reviewing whether to accept the final terms to settle the longstanding state-investor dispute with Lone Star Funds over the U.S. fund’s 2003 acquistion of now-defunct Ko..

Google pushes back 30% commission charge on new apps until Oct 2021 Google Inc. has decided to defer 30 percent commission charge on new app entries on Google Play from original January to October next year amid brewing complaints from Korean contents developers and l..

S. Korea’s internet coverage in 10 Giga to be available in a quarter of major cities A 10 Giga Internet service, which is up to 10 times faster than the current market standard, is expected to become available in nearly a quarter of cities across South Korea. The Ministry of Science..

South Korea starts test on self-driving public transportation, delivery in Seoul and 5 others The South Korean government designated six regions – Seoul, North Chungcheong Province, Sejong, Gwangju, Daegu and Jeju – as autonomous driving test areas to accelerate realization of of s..

Seoul area goes under stricter social distancing measures as virus cases spike Indoor activities and after-dark businesses will be restricted in the Seoul region from Tuesday amid fears of a third wave of coronavirus outbreaks. From midnight Tuesday to at least Dec. 7, restrict..

5G smartphone sales in Korea to top 10 mn units in 2020, doubled from last year Sales of 5G smartphones in South Korea are projected to top 10 million units this year, doubled from last year, as the earlier-than-usual local release of the new iPhone series and launch of 5G-enable..

Seoul court rejects health insurance agency damage claims from smoking harm A Seoul court on Friday ruled against National Health Insurance Service (NHIS) that sued three major tobacco companies in South Korea six years ago claiming damages for the cost from illnesses related..

S. Korea to allow no-landing cross-border flights for one year Die-hard fliers and die-hard shoppers should get ready to hop on planes departing from South Korea’s main gateway for an international round trip without landing at a foreign country only to enjoy has..

Shin Ramyeon nationwide favorite in Korea, while the southern prefer milder choice While Shin Ramyeon remains the favorite rameyon choice for South Koreans to whom instant noodle is almost a staple, people in the southern region prefer less spicy Anseong Tangmyeon, according to “Ram..

Asia will benefit most from $2.7 trillion global fluid money: GAII Record fluid money, brimming to $2.7 trillion across the world amid virus-led stimuli and easing, would funnel into Asia as the continent poses as the hotbed for bio and healthcare, Ed Huang, senior m..

Korean pres projects Covid-19 cure by year-end, bio spending of $9 bn by 2023 South Korea envisions becoming a bio powerhouse by spending 10 trillion won ($9 billion) over the next three years to strengthen the habitat from pharmaceuticals to medical devices and digital healthc..

Ministry conducts early bidding for 1,900 of next year`s construction projects The Public Works and Housing Ministry is conducting an early bidding process for thousands of projects for next year, as it strives to ramp up state spending to support economic recovery and boost the..

Retirement age to increase starting 2021 HÀ NỘI — Starting next year, the retirement age will be increased to 60 years and three months for men and 55 years and four months for women. This is part of Government Decree No..

Experts upbeat about VN’s post-pandemic economic recovery, urging firms to focus on new trends HÀ NỘI — Experts are upbeat about Việt Nam’s post-pandemic economy, urging enterprises to grasp opportunities arising from new trends, such as digital transformation, energy inf..

Metronic aims RM180 million profit from Covid-19 vaccine KUALA LUMPUR: Metronic Global Bhd (MGB) through its subsidiary Metronic Medicare Sdn Bhd (MMSB), has inked a memorandum of agreement (MoA) with Medigen Vaccine Biologics Corporation (MVC), to distribu..

Vietnamese đồng to strengthen in 2021: VNDirect Securities HÀ NỘI — The Vietnamese đồng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast. The State Bank of ViN..

Protesters slam charter vote Parliament`s rejection of the people`s constitution amendment draft has left anti-government protesters with no other choice but to press on with their street protests to achieve their goals, Jatupat ..

Bank of Thailand ‘has tools to handle strong baht’ Thailand`s central bank has the necessary policy tools to handle the strengthening of the baht, the finance minister said on Monday, as the currency hit its highest level in more than 10 months agains..

Property sales recovery to be derailed by CMCO: MIDF Research KUALA LUMPUR: The worsening Covid-19 situation in Malaysia will derail property sales recovery as economic outlook turns uncertain with the re-imposition of the Conditional Movement Control Order (CMC..

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

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

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

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

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

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

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

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

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

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

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

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

Netflix sets up Korean subsidiary devoted to content production Global streaming giant Netflix added a new South Korean subsidiary devoted to developing and producing Korean content. According to industry sources on Thursday, Netflix established Netflix Entertain..

NC Dinos holds up “Execution Sword” upon conquering Korean Series for the first time NC Dinos won its first Korean Series championship trophy since it joined the Korea Baseball Organization (KBO) League in 2013 by beating Doosan Bears 4-2 in Game 6 on Tuesday night at Gocheok Sky Dome..

YG Plus inks content supplying contract with China’s Tencent Music YG Plus Inc., a music distribution and advertising unit of South Korea’s entertainment firm YG Entertainment Inc., signed a contract with China’s Tencent Music Entertainment to supply music and conten..

Korea’s biggest game show G-Star 2020 kicks off, Nexon V4 wins Game of Year Award South Korea’s biggest event show G-Star 2020 kicked off in its first-ever online run for the next four days, inviting game enthusiasts to experience the latest in the pipeline from the game powerhouse..

Korean game developers employ AI and big data to upscale game features South Korea’s major game publishers are rushing to employ artificial intelligence (AI) to provide differentiated gaming experience.The nation’s leading game developer Netmarble Corp. will unveil its d..

Naver launches game portal dedicated to game news and stats Naver, Korea’s leading internet and mobile platform provider, has launched a game portal to pose threat to smaller local game sites such as ruliweb, dcinside, and inven. According to industry sources..

Vote is on to pick the best Korean game for 2020 The vote is on to pick South Korea’s best game for this year. Multiple Korean game titles are competing for the 2020 Korea Game Awards, the biggest game awards hosted by the Ministry of Culture, Spor..

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

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

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

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

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

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

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

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

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

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

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

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

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