S. Korea’s SK Networks chairman visits Brazil to bolster bilateral ties SK Networks Co., trading arm of South Korea’s third largest conglomerate SK Group, explored further business opportunities in Brazil this week while celebrating the 60th anniversary of diplomatic ties..

Hyundai Motor Group to up SUV ratio to 90% in 2020 new lineup Sports utility or recreational vehicle models will likely take up 90 percent of next year’s lineup from Korea’s top automakers Hyundai Motor and its sister Kia Motors, a sharp shift in the traditional..

Samsung Elec avoids disclosure of working environment report following court ruling Samsung Electronics Co. does not have to open its sensitive work environment-related information to the public after a South Korean court has ruled in favor of the company in a lawsuit filed by the te..

Daewoong Pharm gets Aussie nod for phase 1 clinical trial of pulmonary fibrosis drug South Korea’s Daewoong Pharm said on Thursday that Australia`s Therapeutic Goods Administration has given the green light to its phase 1 clinical trial of DWN12088, an idiopathic pulmonary fibrosis (I..

Samsung Galaxy Note 10 rolls out Friday in 70 countries Samsung Electronics’ 10th-year anniversary versions of Galaxy Note roll out Friday initially in 70 countries including Korea, the U.S., Canada, the U.K., France, Russia, Singapore, Thailand, India, an..

Bithumb to start monthly screening of cryptocurrencies to kick out subpar coins South Korea’s largest cryptocurrency exchange Bithumb said Thursday it will tighten its own screening of the eligibility of virtual coins trading on its platform starting next month. It will establis..

LS Cable to establish fiber-optic communication network in Nepal South Korea’s leading cable manufacturer LS Cable & System Ltd. has won a contract to install optical fiber communication network in eastern Nepal from the country’s state-run Nepal Telecom, the Korea..

SK Biopharmaceuticals may attempt IPO by year-end after FDA clearance South Korea’s SK Holdings Co. has embarked on a process to go public with its wholly-owned drug developing unit SK Biopharmaceuticals Co. within this year, news that could help reverse the souring sen..

Ediya Coffee opens its first drive-thru in southern coastal city of Yeosu Home-grown coffee shop chain Ediya Coffee said Wednesday it has opened the first drive-thru in Yeosu, a southern coastal city in South Korea, with plans to raise its competitiveness and give more conv..

IKEA Korea sales top $416 mn in ’19 fiscal year, to open 2 new stores IKEA Korea, the local unit of Swedish furniture giant IKEA, said on Wednesday that sales topped 500 billion won ($416 million) in the 2019 fiscal year that ended in August, emboldening its plan to ope..

Jeju Air to expand SE Asian services in Sept-Oct as Koreans stay away from Japan South Korea’s top budget carrier Jeju Air will temporarily expand flights to popular Southeast Asian locations to make up for the loss in Japanese demand on expectations that the anti-Japan movement c..

Mercedes-Benz opens auto part logistics center in Korea with doubled capacity Mercedes-Benz said Wednesday it has completed a 35 billion won ($29.1 million) project to double its logistics center in Anseong, South Korea, creating its third largest facility for auto part supply ..

Hyundai Motor unveils rendering images of new truck Pavise South Korean auto giant Hyundai Motor Co. released a sneak peek of its new mid-sized truck, officially named “Pavise”, which will debut at home and abroad next month. According to the rendering, the..

Pulmuone kimchi penetrates deeper to U.S. homes by doubling sale outlets South Korean food company Pulmuone expects faster penetration of kimchi to American homes as its supplies have been increased to 10,000 grocery stores across the United States. The company said Wedne..

Korea’s Hyosung to invest $828 mn in carbon fibers amid govt promise of support South Korea’s Hyosung Group pledged 1 trillion won ($828 million) over the next decade to expand its carbon fiber capacity to 24,000 tons a year from current 2,000 tons as the government vowed full su..

S. Korea’s mega OTT platform Wavve readies for launch next month A union of South Korean telecom and media companies is set to launch the country’s largest video streaming service platform next month, throwing down the gauntlet to global giant Netflix that has rapi..

Samsung Galaxy Note 10 books record-high 1.3 mn pre-orders at home Galaxy Note 10, the 10th-year anniversary version of Samsung Electronics’ iconic pen-enabled smartphone series, has made impressive debut at home with pre-orders topping 1.3 million, the largest of al..

Genexine scraps merger with Toolgen on weak stock prices South Korean biotech company Genexine said its planned merger with genome-editing firm Toolgen could not go through due to the costly bill to remunerate shareholders opting to sell instead of converti..

Hanwha Q Cells remains atop in US house solar PV market in Q1 Hanwha Q Cells Corp., a solar power unit of South Korean conglomerate Hanwha Group, kept its lead in the U.S. market of house solar power modules in the first quarter of this year following 2018 thank..

Korean Air cuts Japanese routes and add flights to alternative short-haul locations South Korea’s flag carrier Korean Air Lines Co. made additional changes to short-haul routes by rolling back flights to Japan and instead increasing choices to Southeast Asia, Oceania and China. The..

S. Korea to revise bill to enable gene therapy research using gene editing South Korea is seeking to ease legislative restrictions to allow research on breakthrough gene therapies using gene editing and other advanced gene correction tools. The Ministry of Health and Welfare..

Korean-made botox Nabota used in 23,000 cases in U.S. in first 45 days Daewoong Pharm said on Wednesday its botulinum toxin Nabota has been used on more than 20,000 cases across the U.S. in less than 45 days after it hit the American market. According to the South Kore..

Hyundai Mobis to apply self-driving car sensors to commercial vehicles Hyundai Mobis, South Korea’s largest auto parts maker under Hyundai Motor Group, said on Tuesday it will start to mass produce its advanced anti-collision sensors for trucks and other commercial vehic..

Daewoong Pharm’s investigational IPF drug granted orphan status in US South Korea’s Daewoong Pharmaceutical said it received U.S. Food and Drug Administration (FDA) orphan drug designation (ODD) for DWN12088, an investigational drug to treat patients with idiopathic pul..

SK Hynix’s new super-speed DRAM can process 124 full HD movies in a second SK Hynix, the world’s second-largest memory chip provider, has developed a chip with the industry’s highest data transfer rates, which can be an optimal memory solution for high-end graphic processing..

Samsung breaks 100 megapixel barrier in mobile photography for first time Samsung Electronics on Monday announced the launch of 108 million pixel ISOCELL Bright HMX, the industry’s first mobile image sensor that breaks the 100 megapixel barrier. With the latest addition, ..

Samsung BioLogics’ cell culture technique to cut production life by 30% South Korea’s Samsung BioLogics said on Monday its new plant in Songdo has successfully adopted advanced cell growth technology called N-1 perfusion, cutting production time by up to 30 percent.The ce..

Samsung starts mass production of high-performance SSD, high-density DRAM Samsung Electronics on Friday announced its commercial production of the PM1733 PCIe Gen4 Solid State Drive (SSD) and high density RDIMM1 and LRDIMM2 dynamic random access memory (DRAM) for the AMD’s ..

Korean Air completes first flight of unmanned helicopter Korean Air said Thursday it has successfully demonstrated the first flight of its 500MD unmanned helicopter, proving excellent performance and safety with plans to export the new versatile aircraft in..

Samsung Bioepis’ Hadlima cleared for marketing by U.S. FDA Samsung Bioepis has received approval from the U.S. Food and Drug Administration (FDA) to sell Hadlima, referencing AbbVie’s blockbuster autoimmune treatment Humira (adalimumab), in the world’s larges..

Hyundai develops world’s first active transmission technology for hybrid cars Hyundai Motor Group, South Korea`s biggest carmaker, on Friday announced the world’s first commercial development of active shift control (ASC) technology, which improves transmission efficiency in hy..

Boehringer signs to pick up IPF drug from Korean startup for up to $1.2 bn Germany-based Boehringer Ingelheim (BI) offered to pay maximum $1.2 billion for the rights in an investigational idiopathic pulmonary fibrosis (IPF) drug under development by four-year-old Korean biot..

S. Korean researchers develop world’s first ternary semiconductor tech A South Korean research team has successfully demonstrated an energy-efficient ternary metal-oxide semiconductor on a large-sized wafer for the first time in the world, according to Samsung Electronic..

Doosan teams up with Ceres of UK to develop fuel cells to power buildings South Korea’s Doosan Corp. said on Tuesday it has signed an agreement with UK-based Ceres Power to jointly develop solid oxide fuel cell (SOFC) systems to power commercial buildings. The two held si..

Google pledges $348,000 in Seoul National University to back AI research Korea’s top academic name Seoul National University has received a pledge of maximum $348,000 from Google to back its artificial intelligence research and development. The two institutions will sign a..

Hyundai Mobis develops new collision warning system for trucks Hyundai Mobis, South Korea`s largest auto parts maker, said Sunday that it will apply an advanced forward collision avoidance system to large commercial vehicles from 2021. The driver state warning (..

SK Innovation to upgrade pyrolysis-based waste plastic utilization for clean Jeju campaign SK Innovation, SK Group`s energy and electric vehicle (EV) battery unit, will back the campaign to make Jeju island cleaner by sourcing plastic wastes for power supply. It signed a memorandum of unde..

SKT to boost data transfer rate on trains by 10 times to 100Gbps South Korea’s SK Telecom said on Thursday its consortium has signed a 6.8 billion won ($5.8 million) deal with the Korea Rail Network Authority to install Dense Wavelength Division Multiplexing (DWDM)..

SK Telink offers Korea’s first GX satellite service for shippers SK Telink, international wireless services division of South Korea’s SK Telecom, announced on Wednesday it has started offering the country’s first high-speed mobile broadband connectivity on the Inma..

Samsung up funding in chip, display material R&D amid Japan export curb Samsung Electronics said on Tuesday it has selected 15 research projects including innovative semiconductor material development under its research funding and incubation for future technology program..

Lotte REIT readying $356 mn IPO in Korea in late October South Korea’s Lotte REIT is readying to go public in what would be the country’s largest real estate investment trust stock by market cap. The company said on Friday it has filed administrative docu..

Coffee chain operator Hollys F&B placed back on market for sale South Korea’s IMM Private Equity (IMM PE) has renewed search for a buyer for Hollys Food and Beverage Co (F&B), an operator of a local coffee shop chain Hollys Coffee, six years after it took over the..

Foreign holdings in Korean stocks hit a 13-yr high in Aug amid timidity of local players Foreign holdings in South Korean stocks hit the highest in 13 years as of August despite their selling spree amid the lackluster local market. According to Korea Exchange on Wednesday, offshore inve..

Korea’s startup and venture investment hit all-time high in Jan.-July period The amount of new investment in startups in South Korea hit a record high in the first seven months of this year amid government incentives to boost innovation-led growth. According to data released ..

Seoul embarks on relief program for investors burned from offshore derivatives South Korean financial regulator has invited consumers to apply for a relief program on losses from derivatives linked to offshore interest rate movements and oblige financial institutions to remunera..

Koreans pull out of offshore stock funds amid global uncertainty More Koreans are opting to trade overseas stocks directly as they look for better investment options amid bearish market conditions at home, but investment in offshore stock funds has waned amid growi..

NHN shares in Seoul rally on buyback program Shares of South Korea’s leading game and online service provider NHN Corp. started the week on a buoyant note, lifted by its aggressive spending plan to reward shareholders and expand business beyond ..

Korean investors prefer short-dated bond funds amid risk aversion Bonds dated six months or shorter have been gaining huge popularity in Korea amid rising uncertainties in the Korean economy and elsewhere. According to Seoul-based financial data provider FnGuide on..

Kosdaq-listed FusionData, Smark, Deco&E face higher delisting risk Fusion Data Co., Smark Co. and Deco & E Co. traded on South Korea’s secondary Korea Securities Dealers Automated Quotation (Kosdaq) market are on the brink of delisting after they have failed to submi..

Seoul to carry out special probe on private equity funds amid losses in overseas assets Korean financial authority will next week launch special inspection on lenders and brokerage houses amid fears of losses in derivatives-linked to German and British assets spreading to other private e..

Korea’s foundry DB HiTek Q2 OP more than doubles on qtr on a surge in chip orders South Korea’s mid-sized foundry DB HiTek Co. said its operating profit in the quarter ended June more than doubled from three months ago as demand for power chips, image sensors and touch sensor contr..

Huons Global H1 OP slips 7.6%, while revenue hits record high Huons Global, a South Korean healthcare group, delivered best sales for the first half but nevertheless saw its operating profit fall 7.6 percent due to increased production and R&D costs. Huons Glob..

Three Kosdaq-listed companies warned of delisting for accounting ineptness Three members of the secondary Korea Securities Dealers Automated Quotation (Kosdaq) market could face delisting if they fail to meet requirements in their first-half earnings report due on Wednesday...

Korean stocks, won gain on positive trade news, job data South Korean equities and currency were aided Wednesday by expectations of eased tensions between the United States and China after Washington decided to hold off additional tariff attack versus Chine..

Jim Rogers joins board of Korean biotech firm NanoMedics after its graphene venture Shares of Kospi-listed NanoMedics Co. are on a roll after the biotech company added graphene business and invited legendary investor Jim Rogers onboard as an outside director. The company’s shares zo..

Hugel Q2 OP dn 2.8% on higher costs from cosmetics biz South Korea’s beauty drug company Hugel Inc. reported a 2.8 percent fall in operating profit in the quarter ended June as setback in cosmetics business ate away brisk sales of its mainstay Botulax and..

Sungdong Shipbuilding files another sale outline to avoid liquidation South Korea’s mid-sized shipbuilder Sungdong Shipbuilding & Marine Engineering Co. (Sungdong) has filed a sale outline with the bankruptcy court after three failures in hopes to find a second chance o..

NH-Amundi Asset to sell fund investing in Korean parts, materials firms South Korea’s NH-Amundi Asset Management Co. will launch a fund investing in local listed parts and materials companies likely to benefit from various state-led incentives and funding under the govern..

Korean investors flock to offshore real estate funds Funds designed to invest in overseas properties have grown popular in South Korea as retail investors have recently joined institutional investors in hunting for high returns amid a prolonged low inte..

S. Korea’s daily stock trading volume hit yearly low in July Daily stock trading volume in South Korean in July hit this year’s low after investor sentiment turned sour amid the protracted trade dispute between the world’s two biggest economies China and the U...

BOK chief says U.S. recession fears from inverted yield curve are overstated South Korea’s central bank chief shot down the scenario of a looming recession in the United States from the recent debt market movement, perceiving the U.S. economy to still be on “solid” footing. ..

Koreans’ overseas card spending down in Q2 on fewer travelers South Koreans’ overseas card spending dropped for the second straight quarter in the April-June period as fewer people traveled and spent abroad amid deepening economic slump, data showed Thursday.Acc..

Despite income increases across the board, Korea’s income gap hits worst in Q2 South Korea’s income disparity has widened to the worst since data was tracked from 2003 in the second quarter as improvements for the poor class failed to catch up with faster gains of the richer, da..

South Korea becomes first Asian country to sign FTA with Israel South Korea became the first Asian country to strike a free trade deal with Israel, giving it headway in the innovation hotbed state ahead of its Asian rivals China and Japan. Korean Trade Minister ..

Korea’s exports on Aug 1-20 down 13.3%, led by dip in chip, Japanese demand South Korea’s exports in the first 20 days of August declined 13.3 percent from the same period a year ago, suggesting the losing streak in exports extending to the ninth month. The nation’s outbound ..

S. Korea’s short-term external debt ratio highest in 4 yrs Q2 Korea’s short-term foreign debt slightly increased in the second quarter amid growing uncertainties at home and abroad, central bank data showed on Wednesday. According to data released by the Bank o..

Korea producer prices down 0.3% in July, first decline in nearly 3 years South Korea’s producer prices slipped 0.3 percent in July from a year earlier, shifting downward for the first time in 33 months amid falling chip prices, but stayed flat from a month ago thanks to a ..

Korea’s energy reliance on coal power down, reactors go up amid KEPCO losses South Korea keeping in pace with its timetable to reduce fossil fuel and go green cut down on coal in the first half of this year, but slightly increased power sourcing from nuclear fuel amid snowball..

Korea-Japan conflict is biggest threat to Korean economy: economists Fallout with Japan can do more harm to the South Korean economy than protracted trade tensions between the U.S. and China, a survey on economists showed. In the Maeil Business Newspaper poll on 265 e..

Korea’s FX deposits drop in July on sharp KRW weakening Foreign-currency deposits held by South Korean banks fell for the first time in three months in July amid sharp weakening in the Korean won versus major currencies. According to data released by the ..

South Korea’s household loans grow sharply while savings hit new low Q2 The growth in household debt in South Korea in the second quarter picked up much faster than the previous quarter while savings dipped to record-low levels, underscoring worsening household income and..

Korean economy still sluggish on feeble exports, investment: fin min monthly report Exports and investment remained in the doldrums, with export curbs from Japan and widening trade conflict between the United States and China adding uncertainties to the trade-reliant Korean economy, ..

Monthly job gains fastest last month in Korea but July jobless highest in 19 yrs The number of employed people in South Korea recovered at the fastest rate in 18 months last month, but the unemployment tally nevertheless hit the highest for July in 19 years. According to data rel..

Household loans gain $5 billion in July amid concerns over economic slowdown Consumer loans extended by South Korean lenders surged 6 trillion won ($5 billion) in July as Korean households and self-employed struggled against stagnancy in income and economy. According to data ..

Korean shipyards keep lead in global shipbuilding orders in July South Korean shipbuilders kept their lead in global ship order for the third straight month in July after bringing home nearly half of new worldwide orders in the month, data showed. According to Br..

Korea’s FTA with 5 Central American countries set to take effect in Oct The South Korean parliament passed a free trade agreement with five Central American countries that would start becoming effective from October, giving Asia’s fourth-largest economy an early lead in t..

Korean govt pays record high amount of job-search subsidy in July The amount of state allowance going to job seekers who recently lost jobs broke another record in July, suggesting no end to the stagnation in the Korean job market.The Ministry of Employment and Labo..

Korea’s Aug 1-10 exports dip 22% on yr as Japanese restrictions worsen chip woes The losing streak in Korean exports is lengthening and worsening, with the fall widening to bigger double-digit number in August on multiple trade woes. The country’s exports totaled $11.5 billion in..

Korea may overtake Japan in purchasing power per capita by 2023: IMF South Korea could surpass Japan in per capita gross domestic product (GDP) by 2023 in terms of purchasing power, an International Monetary Fund (IMF) study suggested.Korea’s GDP per capita at purchasi..

Fitch reaffirms S. Korea’s rating at AA- with stable outlook Fitch Ratings Inc. on Friday kept South Korea’s sovereign credit rating and stable outlook unchanged at AA-, fourth highest on its scale, although the country’s growth is expected to slow to 2.0 perce..

Naver tops student choice for dream workplace for second year High-tech companies pose as most desired workplaces for Korean college graduates, a survey showed. A survey on 1,244 Korean university students by JobKorea and Albamon put Naver, the country’s top s..

Korean gov’t to rationalize spending plans amid waning tax income The South Korean government will rationalize fiscal spending to minimize losses as much as possible as it grips for worsening economic and tax income prospects, while planning a supersized budget for ..

Korea’s state health insurance premium to increase by 3.2% in 2020 The South Korean government will raise the premium for national health insurance by 3.2 percent next year, slightly off 3.49 percent increase in this year amid opposition from subscribers. The Minist..

South Korea inks post-Brexit free trade agreement with Britain South Korea reached a direct free trade agreement (FTA) with Britain to maintain tariff-free trade conditions between the two countries even after Britain’s exit from the European Union (EU).South Kor..

Korean markets shrug off Seoul’s scrapping of military pact with Japan South Korean markets largely shrugged off Seoul’s decision to end a military intelligence-sharing pact with Japan, even as the move heightened geopolitical risks and uncertainties as past issues have ..

Eight of 10 Koreans puff both e-cig and traditional smoke Eight out of 10 electronic cigarette users also regularly enjoy traditional smoke, raising concerns about heavier nicotine addiction among Koreans, a study found on Thursday.According to the study com..

Foreign tourists to Korea double over past decade led by young female Asians The number of foreign tourists to South Korea doubled over the past decade, and the growth was largely led by female tourists in their 20s and 30s from China and Japan. According to data released by ..

Debt workout applicants among Korean seniors jump 45% this year Debt-workout applications by South Korean seniors have jumped as economic hardship landed hardest on the weakest segment in the Korean society.Applicants for debt workout, or relief arrangement with l..

YouTube is hotbed of fake news in South Korea: survey In South Korea, the most common route to access the so-called “fake news” and misinformation is YouTube, a video streaming site owned by the world’s biggest search engine Google, a survey foundDuring ..

Korea-Japan talks end without agreement, raising uncertainty over fate of military pact South Korea and Japan has failed to reach an agreement in their latest foreign ministers’ meeting over whether to extend a bilateral military intelligence sharing agreement that could expire on August..

Korea to double radiation testing of Japanese food imports South Korean authorities will tighten inspections on Japanese food imports in response to consumer anxieties over radioactive contamination and exposure from the 2011 Fukushima nuclear disaster. The..

Korean govt to commit $3.9 bn 2020 to bolster high tech, bio sectors The South Korean government readying a supersized 2020 budget of over 500 trillion won for next year against the downside risks of extended trade tensions with Japan and global-wide recession will ear..

Demand for Japanese used cars plunge amid boycott Japanese origins are shunned in the used car market in Korea amid widening consumer movement against Japanese products in Korea due to deepening animosity between the two neighboring countries. Accor..

Audi diesel SUVs face another rigging charge from Korea, Porsche Cayenne included Korea’s environment ministry on Tuesday found Audi and Porsche guilty of rigging the diesel emissions technology of 10,261 cars sold in Korea. The licenses of the car models would be revoked Wednesd..

Uniqlo rumored to mull paid leave for Korean staff as sales tumble from boycott Rumors are circulating that Japanese apparel retailer Uniqlo is considering placing its South Korean workers on paid leave to cope with plummeting sales from Korean consumers’ boycott of Japanese good..

Japan grants second material export to Korea ahead of ministerial meeting Japan granted its second clearance to a Japanese company to export a chip making material under a control list since July 4 to South Korea as foreign ministers of the two wrangling countries are expec..

Samsung Galaxy Note 10 LTE unlikely to be released in S. Korea any time soon South Korean consumers won’t likely have the long-term evolution (LTE) network version of Samsung Electronics Co.’s new premium smartphone Galaxy Note 10 any time soon despite high demand. Min Won-k..

Jeju, Bangkok, Da Nang top 3 travel picks for Koreans in Chuseok amid anti-Japan fever Jeju Island at the southern tip, Thailand’s capital Bangkok and Vietnamese hide-out Da Nang are favorite destinations for Koreans to spend long Chuseok holiday falling across Sept. 12-15 this year, wi..

Half of big Korean companies fear negative impact from trade fallout with Japan More than half of big Korean corporate names are concerned about the negative impact from the trade fallout with Japan and expect a 2 to 3 percent toll on their top and bottom line as a result, a surv..

President Moon calls for dialogue with Japan to resolve trade row South Korean President Moon Jae-in vowed to build an “unshakable” nation in the face of the escalating trade row with Japan but said he would “gladly join hands” with Tokyo if it chooses dialogue. I..

Mercedes-Benz Malaysia eyes export opportunities in other SEA countries Mercedes-Benz Malaysia is looking at opportunities to expand its market to other countries in the Southeast Asian region following its success in penetrating the Philippines market. President/chief..

Viet Nam, Cambodia look to foster partnership in 28 areas Viet Nam and Cambodia signed a cooperation agreement covering specific collaboration programmes in 28 areas following the 17th meeting of their Joint Committee on Cooperation in Economy, Culture, Scie..

Malaysia`s FDI rises 10.3 pct to RM667.5bil in Q2 Malaysia`s total stock of foreign direct investment (FDI) rose 10.3 per cent to RM667.5 billion in the second-quarter (Q2) of 2019, from RM605.1 billion a year ago, according to Department of Statisti..

Cambodia`s 2020 tax revenue collection set to rise once again Cambodia`s 2020 tax revenues are expected to continue to grow, while transparency is also set to improve as tax officials become more aware of anti-corruption laws, according to the director general o..

Malaysia`s economy to be driven by ongoing mega projects in 2H 2019 Malaysia`s economic growth for the second half of this year is set to be healthy and driven by the ongoing mega projects, despite the current global economic uncertainties, says Maybank Kim Eng Group ..

Yangon trials digital construction permit system Yangon City is introducing a new digitalised construction permit scheme in an effort to improve the ease of doing business. With the support of the International Finance Corporation, the Building C..

CIMB and Axiata Digital Capital lend money to 700,000 SMEs via Aspirasi CIMB Group entered into a partnership with Axiata Digital Capital (ADC), a fintech services provider under Axiata Digital, to provide financing solutions to potentially 700,000 small and medium enterp..

Viet Nam keeps goal of export value growth at 7.5% in 2019 The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties. Instead it would find the most effective solutions to achieve export growth of 7-7.5 per ..

Malaysia`s economy seen to grow 4.5pc to RM1.51 trillion Economists and analysts recently forecast Malaysia`s economy to grow at 4.5 per cent this year to RM1.51 trillion from 2018`s current price of RM1.45 trillion. "Since January until now, the FTSE Bu..

Myanmar`s very own satellite now in orbit Myanmar`s very own satellite was successfully launched into orbit on Wednesday after two years of planning. The nation will see improved and faster communications as a result, primarily in far-flung a..

Airbus to contribute US$550m to Malaysia`s economy over five years European aircraft maker Airbus SE is aiming for US$550 million annual contribution to Malaysia`s economy within five years in sourcing and services businesses from the current US$400 million. This ..

Thai Airways gets all clear to boost fleet Transport Minister Saksayam Chidchob has given the green light to loss-making Thai Airways International Plc (THAI) to purchase and lease 38 new aircraft for an estimated 136 billion baht, despite obj..

Malaysia`s bonds likely to see higher annual cumulative foreign inflows Malaysia`s bonds are expected to see higher annual cumulative foreign inflows from their levels for the past three years, Malaysian Rating Corp Bhd (MARC) said. The rating agency said a further red..

Foreign visitors to Viet Nam up Viet Nam welcomed nearly 9.8 million foreign visitors in the first seven months of this year, up 7.9 per cent compared with the same period last year. The figures were recently released by the Viet..

FDI jumps 77pc to US$2.3 billion in first half of 2019 (Myanmar) Government-approved foreign direct investment (FDI) into the country stood at US$2.3 billion in the first-half of 2019, a 77 percent improvement from the same period last year when approved FDI came i..

Cambodia`s pork sellers suffer as African swine fever fears linger Cambodia`s pork industry has yet to show signs of recovery since it was hit by African swine fever, pork sellers in Phnom Penh said. Taing Mengkea, an Orussey market-based pig business owner who pu..

Chinese still keen on Thailand Despite a rise of the baht against the yuan and the unpredictability of the US-China trade row, Chinese investors continue to buy Thai properties, though perhaps at a lower rate than in 2018. Carri..

Myanmar to pick deep-sea port location next year Exclusive: The location for Myanmar`s first deep-sea port will be decided next year, according to a senior government official. "Construction of a Yangon deep-sea port is one of the projects includ..

Malaysia`s economy grew 5.5 Pct in 2018, GDP value at RM1.4tln Malaysia`s economy grew 5.5 per cent in 2018 with a gross domestic product (GDP) value of RM1.4 trillion at current prices, said the Department of Statistics Malaysia (DoSM). In a statement, chief ..

Viet Nam spent $11.4 billion on material imports in first half of year Viet Nam spent US$11.4 billion to import materials for garment and textile production in the first half of the year, up 5.6 per cent from the same period last year, according to Vietnam Textile and Ap..

TWICE “Likey” MV draws 400 mn views on YouTube JYP label K-pop star girl group TWICE has set a new record with the video of its first album title “Likey” topping 400 million views on YouTube on Thursday. The music video for “Likey,” the main tra..

BTS creator Big Hit posts record-high H1 earnings, plans TV drama on BTS boys South Korea’s Big Hit Entertainment Co., an unlisted agency behind K-pop superstar BTS, will strengthen intellectual property (IP) business by enhancing artists’ brand value, the company founder and c..

KCON on global tour 2019 achieves 1 million accumulated viewers KCON, the world’s largest festival on Korean pop culture in its eighth year, has attracted an accumulated 1 million audience from all around the world this year, with the bulk coming from America, acc..

BTS gives last show at Lotte Family Concert before going into break K-pop superstar BTS ended its extraordinary two-year streak on global music charts and stages with an act on the finale of the three-day Lotte Duty Free Family Concert, an annual music festival reward..

Korean independence battle movie opens No.1 in box office amid anti-Japanese fervor A movie about the Korean independent militia’s biggest victory against Japanese forces during the Japanese rule topped the South Korean box office as its release came at a time when past issues hit a ..

Home movies set to be blockbusters hopes to revive Korean film winning streak “Exit” and “The Divine Fury” have opened the second-half Korean screen calendar in buoyant note to raise hopes for a bumper year for Korean movies. According to data compiled by the Korean Film Coun..

BlackPink’s “Kill This Love” MV tops 500 mn views for YouTube record K-pop star BlackPink has made another milestone achievement Thursday, with music video for “Kill This Love” topping 500 million views on YouTube in 111 days of release. Around 1:38 a.m. on Thursday,..

Actor Don Lee confirms to star Marvel Studios “The Eternals” Korea-born muscleman Don Lee, known as Ma Dong-seok in Korea, has been confirmed to star in Marvel Studios’ new ancient, super-powered humans film “The Eternals” set for November 2020. Lee will make..

BTS to hold solo concert in Saudi Arabia Women still must keep themselves hidden under full-length black robe when attempting outside in Saudi Arabia, but that cannot be a hinder to the chance to see K-pop superstar BTS perform for the first..

Actor Lee Min-ho, new face of Shinsegae Chosun Hotel South Korean actor Lee Min-ho is the new face of Shinsegae Chosun Hotel, hotel operating unit of the country’s retail conglomerate Shinsegae. The company announced Thursday it will launch marketing ..

GFriend, SM Entertainment featured on BBC documentary on K-pop Britain’s BBC network is making a documentary that explores K-pop entertainment industry and its fast success in depth. According to entertainment industry sources on Tuesday, BBC producers James Bal..

K-pop idol Kang Daniel to release solo debut album “Color on Me” on July 25 Kang Daniel, a 22-year-old singer who became a star overnight upon winning Korea’s hit television talent competition “Produce 101” will release his solo debut album “Color on Me” after months of a for..

K-pop groups take center stage at KCON 2019 at Madison Square Garden Tens of thousands of K-pop fans showed up at KCON, the world’s largest festival on Korean pop culture that has acted as global debut stage for new faces on the K-pop scene held at Madison Square Garde..

BTS’s latest “Map of the Soul: Persona” sold most in physical form in H1 in US K-pop sensation BTS sold the most physical albums in the first six months this year in the United States, achieving another milestone with “Map of the Soul: Persona” album released in March. Accordi..

K-pop sensation BTS tops Japan’s Oricon chart with new single “Lights/Boy With Luv” K-pop superstar BTS broke another record in Japan with its new single “Lights/Boy With Luv” topping the Oricon’s daily singles chart on Thursday. The boy band’s tenth Japanese single “Lights/Boy With..

Nexon draws 1 mn gamers to SINo ALICE, invests in Embark of Sweden Pre-orders for SINo ALICE, a smartphone RPG developed by Japan’s Pokelabo and Square Enix, exceeded 1 million, according to Nexon with distribution rights in the label beyond Japan and Greater China. ..

“Spring Day” MV beach is the first place BTS fans want to see in Korea A bus stop near Jumumjin Beach in Gangneung, Gangwon Province that was the setting for music video of Korean superstar BTS’s song “Spring Day” and covered the 2017 “You Never Walk Alone” album is the ..

Netmarble’s “BTS World” tops Apple App Store in 33 countries “BTS World”, a new mobile game in which the game user manages the career of South Korean boy group BTS that has raised Beatles-like syndrome around the world, is poised to become an instant global hit..

K-drama superstar Song-Song couple files for divorce Korea’s most famous couple Song Joong-ki and Song Hye-kyo is separating after less than two years of marriage, with their split dominating headlines at home and across Asia.Lee & Ko, the law firm repr..

BTS to release 3rd movie “Bring the Soul” in Aug, joins Guinness record in sales The world’s hottest boyband BTS will release their third documentary film “Bring the Soul: The Movie” in select countries on August 7, out to conquer not only the music charts but also the box office...