Korean battery makers explore new suppliers in North America, Australia under IRA South Korea’s electric vehicle battery and material makers are doubling down on efforts to reduce reliance on China in line with U.S. Inflation Reduction Act (IRA) restricting sourcing from China. S..

SK ecoplant tapping battery waste and recycling demand in Europe with China’s CNGR South Korea’s SK ecoplant – the eco-friendly solution unit of SK Group - is making a foray into the European market on waste battery recycling with China’s CNGR Advanced Material amid growing de..

Lotte Chemical proceeds with buyout of world’s No. 4 copper foil producer Iljin Materials South Korea’s Lotte Chemical Corp. is proceeding to acquire world’s fourth-largest copper foil manufacturer Iljin Materials in a move to leapfrog in battery materials market. Lotte Chemical announce..

KOTRA shifts primary role as export window for Korean startups and midsized firms KOTRA, South Korea’s state-funded trade and investment promotion agency, has been acting as the trade window for Korean small and midsized companies to aid them amid worsening commerce conditions. Its..

LG publishes first ESG report to build up endeavors South Korea’s LG Group has published its first annual report that specifies its groupwide endeavors on environmental, social, and governance (ESG) commitments.The report titled “Responsible Business, ..

Hyundai Rotem and Kongsberg team up for defense solutions business South Korea’s Hyundai Rotem has teamed up with Norway’s Kongsberg Gruppen to enhance its presence in the global defense solutions market amid rising recognition of Korean weapons after multibillion-do..

Korea vows to become one of world’s top 3 automotive powerhouses by 2030 South Korea vows to become one of the world’s top three automotive powerhouses through a “fast but smooth transition” to future mobility and industry boundary expansion, according to a new vision rele..

Samsung, Intel, TSMC confirm alliance in next-gen “chiplet” technology The world’s three most powerful chipmakers Samsung Electronics Co., Taiwan Semiconductor Manufacturing Company, and Intel Corp. on Tuesday confirmed commitment to establish a single standard for next-..

Samsung SDI cashes out of Ganfeng amid rising discrimination vs Chinese sourcing Samsung SDI, a battery and electronic materials manufacturer under Samsung Group, unloaded about 70 percent of its stake in Ganfeng Lithium worth about $189 million, cashing out of the Chinese maker f..

Hanwha and HD Hyundai heirs to test management skills at sea after DSME acquisition Buddies and heirs to South Korea’s seventh largest conglomerate Hanwha Group seeking $1.4 billion acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) and ninth biggest Hyundai Heavy Industr..

Korean Inc. hold off or streamline capex amid strong USD, interest rates, inflation Large South Korean companies that had pledged multiple billion-dollar investments over the next five years are adjusting their roadmap in the face of multiple whammies of soaring interest and dollar-w..

Colosseum goes global with its first overseas logistics center in US South Korean fulfillment startup Colosseum Corp. will open a logistics center in Los Angeles, California, next month, debuting its fulfilment solution “COLO” in an overseas market. “We will cooperat..

Korean airliners rush to normalize flights to Japan upon Tokyo’s border reopen South Korean airliners are rushing to expand flights to Japan as Tokyo is allowing visa-free pleasure trips and lifting the cap on the number of inbound travelers after 30 months of closure. Korean ..

Cylindrical battery cell emerges as new battleground for Korean and Chinese makers South Korean electric vehicle battery majors have turned watchful after Chinese battery giant CATL announced its plan to market cylindrical battery cells to challenge dominant producers of Korea. Acc..

DL E&C and SK ecoplant win best steel bridge award for 1915 Çanakkale Bridge in Turkey South Korea’s DL E&C and SK ecoplant won the European Steel Bridge Award from the European Convention for Construction Steelwork (ECCS) for their 1915 Çanakkale Bridge project, the longest span s..

MyRealTrip buys Startrip to beef up K-pop-themed tour programs MyRealTrip, South Korea’s leading travel platform startup, has acquired local rival tour platform startup Startrip in its second deal for this year following its takeover of kids and teens-oriented tr..

Hanwha envisions civil defense power commanding ground, sky, and sea with DSME South Korea’s seventh largest conglomerate Hanwha can complete its newfound identity as a civil defense power since 2015 multibillion-dollar acquisition of defense and chemical operations from Samsung..

LG actively adds employees to expand display, AI, battery businesses South Korea`s fourth largest conglomerate LG Group is staying committed to workforce expansion regardless of challenges from economic uncertainties to strengthen future growth pillars of artificial in..

Hanwha to command 49% in DSME if stalking-horse bid of $1.4 bn is unmatched South Korea’s defense- and energy-strong Hanwha Group would come to command global shipwright Daewoo Shipbuilding & Marine Engineering Co. (DSME) with a 49.3 percent ownership if no other bidder match..

K-pop powerhouse Hybe buys AI sound startup Supertone K-pop juggernaut Hybe has acquired artificial intelligence sound startup Supertone for about 45 billion won ($31.5 million) after investing 4 billion won to acquire an 18 percent stake in the startup ..

Celltrion trio rally upon FDA’s marketing approval of Avastin biosim in U.S. Celltrion trio stocks rallied Thursday morning on news that the Korean biosimilar giant has gained approval for its recombinant monoclonal antibody Vegzelma referencing Roche’s best-selling cancer dru..

K-bio names making strides with promising clinical and review results in U.S. and Europe Korean pharmaceutical and biotech companies have been making notable strides in overseas clinical trials and equity acquisition deals to bring back investment attention to the K-bio field. Daewoong Ph..

Daewoong Pharm’s botox drug proven therapeutic for cervical dystonia in U.S. South Korea’s Daewoong Pharmaceutical said on Monday its botulinum toxin drug Nabota has demonstrated its efficacy and safety profile in the treatment of patients with cervical dystonia in a phase 2 c..

Celltrion snags nod for Vegzelma sales in Japan Celltrion’s oncology drug Vegzelma (CT-P16), a biosimilar referencing best-selling Avastin (bevacizumab), is authorized for marketing in Japan, the Korean company announced on Monday, adding another k..

6G services to be ready for commercialization by 2029: LG Elec’s CTO Industrial standardization work for 6G mobile services will start in 2025, and everything will be ready for commercialization by 2029, Kim Byung-hoon, chief technology officer of LG Electronics, told ..

Bosung Group attracts $2 billion investment to build large data center in Korea South Korea’s construction and energy company Bosung Group has succeeded in attracting investment to build a large-scale data center in SolaSeaDo, Jeonnam Province, boosting its project development ca..

Hanmi Pharm shares down on FDA panel’s disapproval of fast-tracking poziotinib Hanmi Pharmaceutical shares weakened on Friday on negative developments in the U.S. over its investigational non-small cell lung cancer (NSCLC) drug poziotinib, which was licensed out to U.S. partner ..

Hanmi’s poziotinib faces uncertainty due to unfavorable feedback from FDA scientists Hanmi Pharmaceutical’s clinical development program of its investigational non-small cell lung cancer (NSCLC) drug poziotinib has hit a snag due to unfavorable opinions from the U.S. Food and Drug Adm..

Seoul to open 2nd global support center for Korean startups in India The Seoul Metropolitan Government will open its second global startup support center in Bengaluru, India, next month as part of its long-term plan to set up a total 10 startup support centers around t..

Samsung Bioepis, Genentech settle bevacizumab patent dispute Samsung Bioepis and Genentech have agreed to voluntarily dismiss all claims and counterclaims in their Avastin (bevacizumab)-related patent disputes, allowing Samsung Bioepis’ biosimilar to be prescri..

Sillajen licenses onco drug from Swiss biotech for survival Sillajen Biotherapeutics has signed an agreement to license an investigational oncology drug from Switzerland-based Basilea Pharmaceutica International, the Korean biotech firm said in a regulatory fi..

Wells Bio’s new HPV test cleared for marketing in Korea, to target Latin America A molecular diagnostic kit for human papillomavirus (HPV) independently developed by Wells Bio has received marketing approval by Korean health authorities, the company’s parent Access Bio said on Mon..

Celltrion’s cancer biosim Vegzelma cleared in UK Celltrion’s cancer drug Vegzelma, a biosimilar referencing best-selling Avastin (bevacizumab), was approved for marketing from Britain’s Medicines and Healthcare products Regulatory Agency (MHRA), the..

LG Chem files IND for Phase 3 study of gout drug in Spain South Korea’s LG Chem has submitted a Phase 3 clinical trial protocol of its investigational gout treatment drug to the Spanish Agency of Medicines and Medical Devices (AEMPS). The Phase 3 clinical t..

Dong-A ST inks equity investment and license deal with Nasdaq-listed NeuroBo Dong-A ST has agreed to make an equity investment with Nasdaq-listed NeuroBo Pharmaceuticals and transfer its treatment candidate for nonalcoholic steatohepatitis (NASH), obesity and type 2 diabetes, ..

LG U+ envisions transition to platform player with its lofty “U+3.0” vision South Korea’s third-largest wireless carrier LG Uplus will expand the portion of non-telecom sales to 40 percent and boost its corporate value to 12 trillion won ($8.6 billion) in 2027 by transitionin..

Mobile, medical sectors to have access to MyData in Korea South Korean telecommunications companies and medical institutions will be allowed to obtain personal administrative information that is currently available only to administrative agencies and financi..

S. Korea fines Google, Meta $71 mn for privacy violations South Korea’s privacy authority has slapped Google and Meta Platforms, formerly Facebook, with a combined 100 billion won ($71.9 million) fine for violating the country’s privacy law that bans the col..

Osstem Cardiotec relocated to Korea’s largest stent production facility Osstem Implant, the world’s largest dental implant company, Wednesday announced the relocation of its unlisted subsidiary Osstem Cardiotec’s headquarters and ramp-up to command the largest production ..

Voronoi grabs $482.2 mn license deal with U.S. biotech firm METiS South Korean precision medicine company Voronoi has entered a license agreement with METiS Therapeutics for the development and commercialization of its proprietary oral kinase inhibitor, which has po..

Seoul mandating report of lengthy short position to clamp down on speculative sale Both foreign and domestic institutions maintaining shorting position in borrowed Korean stocks for more than 90 days must report to Seoul authorities in a move aimed to curb speculative shorting amid ..

Korea Investment & Securities launches JV on investment banking in US with Stifel Korea Investment & Securities (KIS) will try out its investment banking skill in the Untied States through a joint venture with Missouri-based veteran multinational investment bank Stifel Financial Co..

Seoul readying ammunition to bolster stock market, may put lid on short sale Seoul authorities are readying ammunitions to intervene in the stock market after the foreign exchange and bond markets on judgement that volatility could persist longer than expected, and may go as f..

Seoul to buy back $3.5 bn bonds as yield gallops to 4.5%, KRW crashes to 1,440 vs USD South Korean fiscal and monetary authorities on Wednesday pledged to buy back government bonds worth 5 trillion won ($3.5 billion) over next two days to rein in the bond yields galloping to match the ..

Samsung insurers sign deal with Blackstone to expand global alternative investment Samsung Life and Samsung Fire & Marine are set to increase investment in overseas alternative assets, such as real estate and infrastructure amid bearish equities markets across the world. The two f..

KDB Capital-led consortium buys aluminum recycling company for $90 million KDB Capital under state lender Korea Development Bank has acquired an aluminum recycling company in partnership with local private equity fund (PEF) Harvest Equity Partners as part of its efforts to e..

Forced liquidation further weighs over Kosdaq due to increased margin trade Leveraged stock investment by retailers has lately increased mostly at high-yield and high-risk Kosdaq to raise that much of liquidation and burn risk for investors and fuel the down spiral for the se..

Korea’s homegrown cloud service Megazone Cloud draws $343 mn in Series C Megazone Cloud, South Korea`s homegrown managed cloud service provider, attracted 450 billion won ($343 million) from prominent investors, including the National Pension Service, in a Series C funding..

Kospi next year may return to sub-2000 levels of 2020 spring Kospi could revisit the dismal sub-2000 levels of the spring 2020 at the onset of Covid-19 pandemic next year amid little sign for upsides for the Korean capital markets rattled by the freefall in cur..

Mirae Asset Global Investments opts not to purchase IFC amid rising interest rate Mirae Asset Global Investments has decided not to go through the 4 trillion won ($2.7 billion) purchase of the International Finance Center (IFC) Seoul, located in Yeouido financial district, in a maj..

Stock manipulation and other illicit trade in Korea could face 10 years of sanctions Anyone found to have used inside information for stock manipulation could be restricted in investment in South Korea for 10 years, under a toughened revision to the Capital Markets Act proposed by the..

Samsung Elec, SK hynix hit new annual lows as Micron to report poorer results this week South Korean chipmakers South Korea-based Samsung Electronics and SK hynix dominating global memory chip market are hitting fresh annual lows as down cycle in memory would be confirmed by Micron Techn..

KRW at weakest vs USD since crisis times draws crisis-like response from Seoul authorities The Korean won is performing at its weakest since 1997 Asian liquidity crisis and 2008 global financial crisis to build a crisis-like ambience for South Korea as the downside for the local currency is..

FSS finds over $7 bn dubious overseas remittances related to crypto arbitrage South Korean financial watchdog has uncovered over $7 billion in dubious overseas money transfers suspected of being related to arbitrage trading in cryptocurrency. The Financial Supervisory Service..

BOK may study rate hike in 50bp Oct, to exchange currencies with NPS to ease USD Bank of Korea (BOK) could move faster with rate increases to match the galloping pace of rises in U.S. rates and enable the National Pension Fund to use some of its foreign exchange reserves in desper..

USD-KRW above 1,400, 3-yr bond at 4% as Korean markets panic on tightening speed South Korea will respond with a “broad and long perspective” to the local market repercussions from a “lengthier and stronger than expected” U.S. tightening cycle, while taking “timely” actions to sta..

Korea Inc. rush to repay bonds amid surging yields South Korean companies have continued repaying their maturing corporate bonds as they have decided to postpone or cancel their investment plans amid growing uncertainties over the global economy and s..

KT Cloud issuing near $600 mn shares to raise funding to maintain lead KT Cloud, cloud and data center spinoff from Korean telecom giant KT Corp., is set to attract funds worth 800 billion won ($573.06 million) from multiple capital from home and abroad betting high on t..

Four out of 10 Korean stocks defeated in market value during pandemic 3 years Secondary battery category has been the primary winner, and cosmetics and retail stocks as losers on the Korean stock market over the last three years under the pandemic influence. Nearly four out of..

Mirae Asset Global tops commercial property buyer list amid lush offering in Korea Big asset management companies made most of lush offerings of commercial sites in South Korea amid fizzled real estate boom, adding 20.8 trillion won ($14.9 billion) worth commercial property riches i..

Barriers versus Korean exports on the rise annually, U.S. taking up one fourth Trade barriers versus South Korean exports by major markets have been escalating annually, with one fourth levied by the United States in the first half this year. According to Korea Trade-Investment..

S. Korean gov’t to invest $837 mn in AI chip tech under new digital push South Korea has earmarked 1.2 trillion won ($837 million) for the development of AI semiconductor technology as part of its national push to groom artificial intelligence, mobile network, quantum comp..

KEPCO claims 10% rate hike can cut energy use and halve trade deficit, rate change due Fri If South Korea cuts back energy consumption by 10 percent through higher power charges, it can save 15 trillion won ($10.5 billion) in energy imports a year, helping to halve trade deficit and ease lo..

KEPCO bids for removal or hike in debt ceiling as it faces default crisis next year Korea Electric Power Corporation (KEPCO) is bidding for a removal in debt ceiling as the state power monopoly has already used up its credit limit and may go default or become unable to afford power t..

Koreans’ purchasing power weakens on tumbling Korean currency value South Koreans are expected to tighten their belt further later this year as their purchasing power has substantially weakened following a plunge in the Korean currency value against the U.S. dollar am..

Seoul proposes to triple sovereign debt issue in USD to up intervention ammunition The South Korean government has proposed to up the ceiling in sovereign debt issue in U.S. dollar denomination next year to $3 billion, tripled from this year, to build up ammunitions for intervention..

KDB to spend $21 bn over 5 yrs to promote Korea’s chip industry Policy lender Korea Development Bank (KDB) will spend 30 trillion won ($21 billion) over the next five years to support the country’s chip industry, according to its chairman Kang Seog-hoon on Tuesday..

Korea’s expected inflation rate and consumer skepticism ease for the 2nd month in Sept South Korean consumer expectations for the inflation level in the coming year and broad pessimism for the economy have slightly eased for the second straight month in September to indicate the unprece..

S. Korea reviews upping industrial power rate ahead of winter peak season South Korea is poised to raise industrial power rates as it urgently needs to address the ballooning losses of state power monopoly Korea Electric Power Corp. (KEPCO) without adding an additional burd..

Korea’s inflation to stay in 5~6%, weak KRW could add pressure: BOK chief South Korea’s inflation rate could run in the range of 5 to 6 percent for “a considerable period” and the entrenched weakening of the Korean won could add to the inflationary pressure, said the countr..

Korea mortgage rate may top 8% by yearend to spell trouble for housing and debt markets South Korea’s mortgage rate is expected to reach 8 percent by the yearend amid surging bond yields betting on greater rises in the base rate to match the galloping pace of increases in the U.S. rates...

Korea to supply up to $8 bn worth greenbacks to forward exchange market South Korea’s foreign exchange authority will allow shipbuilders to sell up to $8 billion in the forward exchange market as part of efforts to buttress the Korean won against the super-strong U.S. dol..

Korean currency and stocks crash despite slew of actions to prop up KRW value South Korean currency and stocks Monday crashed despite a slew of actions to fuel dollar supplies and verbal promises of incentives to bring home investments parked in overseas assets and more active ..

S. Korea attracts $1.15 bn investment in chip, battery from seven NA firms Seven North American companies in the fields of chips, electric vehicles, energy and logistics pledged a combined $1.15 billion investment in South Korea to strengthen cooperation between the two nati..

KEPCO’s deficit can come under control if residential power rates are upped by 52 times Korea Electric Power Corp. (KEPCO) needs to raise its monthly residential electricity bills by more than 80,000 won ($57) to stop and cover the yawning losses for the state power monopoly. KEPCO’s e..

Korea’s trade deficit streak to extend to 6th month, red as of Sept. 20 nears $30 bn South Korea’s trade data so far this month suggests a deficit streak for the sixth month for the first time in 25 years with exports turning negative for the first time in nearly two years on softer d..

Korea’s economy to slow to 2.2% next year after inflation at 24-year high this year: OECD The Organization for Economic Cooperation and Development (OECD) projected South Korea’s annual inflation would hit 24-year high of 5.2 percent this year and stay near 4 percent next year, when econom..

Inflation peak may not arrive in Oct for Korea as Seoul reviews bigger utility hike South Korea’s inflation may not peak out from the 24-year high levels in October as hopped by authorities as the government inevitably may have to push utility fees higher due to unfazed strengthening..

Seoul authorities keep watch over bank bids for USD amid waning options to defend KRW South Korean banks have been asked to report bids for U.S. dollars on hourly basis to Seoul authorities struggling with steep fall in the local currency amid lack of defense option against super-stron..

Korea’s auto output, exports, domestic sales all up in August South Korea’s automobile output, exports and domestic sales all grew in August against a year ago for the first time in 19 months, data showed. According to the Ministry of Trade, Industry and Energ..

A miracle quadruplets birth in Korea rewarded with a family van and benefits from POSCO A birth of a rare quadruples to a family based in South Korea’s southern port city of Pohang has been rewarded with a nine-seat van from its employer POSCO on top of other corporate child benefits for..

Seoul may have to turn to US or European launchers in place of Russia’s for satellite missions South Korea may have to turn to civilian launch vehicles in the U.S. and Europe in place of Russia’s for the next satellite missions after seeking a new budget as sanctions prohibit the country from a..

Seoul mulls hiking late-night taxi hailing fees to ease taxi shortages The South Korean government is reviewing an option to raise the country’s late-night taxi hailing fees to up to 5,000 won ($3.49), nearly twice the current rate, to ease the country’s taxi shortages c..

Young Koreans either choose to stay idle or juggle multiple jobs amid poor conditions Young South Koreans are choosing to stay idle or juggle part time, or take on side hustles to survive in deteriorated employment conditions amid scarcer jobs and wages failing to keep up with gallopin..

Korea leveraging on US-led alliance to secure materials for batteries and high tech The South Korean government and large conglomerates are leveraging on U.S.-initiated alliance to preemptively secure critical minerals like rare earth elements, lithium and cobalt that are essential c..

WKF: Global tightening cycle only half-done, with stagflation to last till 2024: Dalio The world is only halfway into the monetary tightening cycle and the battle with runaway inflation, and the global economy is looking at tough two years ahead under stagflation – economic stagna..

WKF: Machine to evolve from learning to teaching, making human decision more crucial Machine learning is fast advancing to be able to teach humans, making human command in the decision-making end role more important, according to Professor Eric Xing, President of Mohamed bin Zayed Uni..

Namyang Diary owner family ordered by court to hand over controlling stake to PEF Hahn & Co South Korean private equity firm Hahn & Company has won its lawsuit against Namyang Dairy Products for unilaterally terminating a deal over the controlling stake in the dairy company. The Seoul Cent..

WKF: Liberal democracies lead to better quality in decision making: Fukuyama Despite waning confidence in the democracy institution, the system respecting diversity and debate serves better for global peace and prosperity as they would not come to “questionable” and overbearin..

WKF: Globalization to evolve in the form of mini or ally-shoring Globalization will likely pan out in different form, mostly through friendshoring, or allyshoring, by relying manufacturing and sourcing within a group of countries with shared views as multilateral t..

German car brands top in recalled rates in South Korea over five years German cars remaining best sellers in South Korea among import brands also have been most frequently recalled car brands in the country over the last five years. According to the data from the Minist..

WKF: Ownership and interoperability features of Web 3.0 to open vast opportunities Ownership and interoperability will become more distinguished and open vast opportunities for both game consumers and developers in the age of Web 3.0 based on blockchain and NFT technologies, accordi..

WKF: Strong U.S. protectionism can upset ties with traditional allies like South Korea: Joseph Nye The U.S. protectionism is deepening in the face of Chinese ascent, baffling traditional allies like South Korea with a series of Buy Americanism laws including the CHIPS and Science Act, observed Jose..

Stokke expanding in S. Korea, betting on picky parenting amid bottom birth rate Scandinavian luxury baby gear maker Stokke is undeterred by the world’s lowest birth rate by expanding eagerly in South Korea upon finding Korean young moms and dads saving little to lavish their chil..

WKF: Fed’s rate hikes may stop as early as end-2022, says Nobel laureate Krugman A global recession would end within one or two years, and the U.S. Federal Reserve would reverse its course on rate hikes as early as the end of this year, Nobel Prize-winning economist Paul Krugman s..

WKF: Inflation in 3% may become new target after strong inflation fizzles out Multi-decade-high inflation in the United States will die down next year, but the headline consumer price index data returning to the 2 percent target level won’t be easy, economists projected at the ..

Seoul officially includes nuclear energy in green taxonomy The government under President Yoon Suk-yeol out to undo reactor phase-out policy of the past administration is officially classifying nuclear energy as green and sustainable taxonomy. The Ministry o..

Renewables exceed nuclear in Korea’s energy capacity, may change after nuclear joins taxonomy Renewable energy source facilities– mostly solar panels – took up more than 20 percent of South Korean power generating capacity for this year, greater than 17.3 percent from nuclear react..

KENTECH kicks off renewable power grid project in partnership with companies Korea Institute of Energy Technology (KENTECH) has launched its first large-scale energy research project since the school’s inauguration in March this year to explore a new power grid ensuring effici..

Tech multinationals like Google and Apple report $3 bn revenue to Korean authorities Tech multinational like Google and Apple registered earnings of 4 trillion won ($2.88 billion) from Korean operations last year According to data obtained by Democratic Party Rep. Jin Sun-mee from th..

Indonesia trimming palm oil stocks with discounts, India sales Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month`s Diwali festival,..

Jeju Air to open direct Manado-South Korea flight in tourism bid South Korea’s Jeju Air has inked a deal with the North Sulawesi administration to offer direct flights between Manado and South Korea. Jeju Air CEO Kim E-bae and North Sulawesi Governor Olly Dondokamb..

Saigon Hi-tech Park attracts $12b worth of investment over 2 decades HCM CITY — The Saigon Hi-tech Park (SHTP) in HCM City has attracted more than US$12 billion in domestic and foreign investment since its establishment 20 years ago. Speaking at a meeting last w..

India’s rice export ban paralyzes trade in Asia as prices rise India`s restrictions on rice exports have paralyzed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller is holding off on deals as prices ris..

Domestic instant noodle consumption growing 20 per cent annually HÀ NỘI — Việt Nam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA). The ..

Coal far from ‘dead’: prices to remain high, IPO still lucrative The coal-mining sector will likely still be one of Indonesia’s key-growth drivers in years to come, despite the country’s steady shift to renewable energy, as the “black gold” commodity prices are poi..

QR payments help small vendors HÀ NỘI — Despite having no small cash in his pocket, Hoàng Dương can still pay for his cup of tea to a vendor in Quán Thánh street, Hà Nội, by scan..

Jokowi : RI must boost downstream investment, take over global green market Indonesia will pursue greater production in downstream industries and take over the world market in green products, President Joko “Jokowi” Widodo said on Tuesday. Jokowi noted that Indonesia’s commit..

NTU Singapore, RGE Group launch joint research centre to tackle textile waste As the latest trends crop up by the minute, textile waste is becoming a major issue when old and unwanted clothes end up in landfills. It comes at a time when an estimated 92 million tons of textile w..

Food prices ease at HCM City supermarkets HCM CITY – The sharp fall in fuel prices has caused the prices of goods such as vegetables and meats to decrease in HCM City supermarkets. Petrol prices have fallen four times since June 21 and..

Firms expand investment in battery industry for EVs HÀ NỘI — As Việt Nam`s electric vehicle (EV) market grows, the demand for batteries and energy storage solutions is accelerating and attracting the attention of many investors. ..

Major logistics centre developing in the south of HCM City HCM CITY — With the advantages of geographical location and investment plans for land around ports, the 17-hectare Tân Cảng-Hiệp Phước (TCHP) Port situated in HCM Cit..

Palm oil prices to fall more due to distress selling by Indonesia Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday. Malaysia`s b..

Indonesia’s record trade surplus ‘unsustainable’ as CPO prices plummet Indonesia achieved its biggest-ever trade surplus in the first half of 2022, but experts warn that relying on raw materials like crude palm oil (CPO) and coal as the bulwark of productivity is unsusta..

Tech investors wary amid volatile market While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs. Pru..

Explainer: Exploring the land scheme for foreigners The government`s latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the econom..

Laos market favoured by many Vietnamese investors: Trade counsellor HÀ NỘI — The Lao market remains a top destination for many Vietnamese investors as the two countries are neighbours and Laos recognises most quality certifications from exporting coun..

Global economy to hit Thai tourism The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising in..

Wood exports forecast at $16.3 billion this year HÀ NỘI — The export of timber and wooden products is forecast to reach US$16.3 billion in 2022, close to the target set at the beginning of the year, according to the Việt Nam A..

Government removes palm oil export levy until Aug. 31 Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the mo..

Juhea Kim debut novel, a Dayton Prize finalist, inspired by grandfather and Tolstoy Korean American author Juhea Kim’s debut novel “Beasts of a Little Land” which was made a finalist in this year’s Dayton Literary Peace Prize`s fiction category, was inspired by her independent moveme..

Immersive VR concerts maker AmazeVR backed by Korean contents majors raises $17M funding Los Angeles-based virtual reality (VR) startup AmazeVR backed by South Korea’s large private equity and contents majors said Wednesday it has completed a Series B funding round worth $17 million follo..

Blackpink’s “Born Pink” looking at No. 1 at Billboard 200 as the first K-pop girl group act Blackpink’s new album “Born Pink” is looking at No. 1 in the U.S. Billboard 200 chart as the first K-pop girl group act. According to Billboard’s website on Sunday (local time), Blackpink’s latest re..

Korean contents providers bulk up amid high demand South Korean content production houses are bulking up while demand for Korean contents has been elevated after Korean names swept major global awards and dominated audience for online read and watchin..

Naver Webtoon ready to make money out of burgeoning global audience Naver Webtoon, South Korean webtoon platform by the country’s internet giant Naver, is readying to shift to profit-seeking business model after successfully securing nearly 100 million readers worldwi..

Nexon active on global market with 9 new releases this year South Korean gaming giant Nexon has been exceptionally busy in the global scene this year with packed new offerings after a hiatus in recent years. Nexon has teased or released new games almost ever..

Hybe shares rise as poll shows 60% of Korean citizens backing conscription waiver for BTS Shares of Hybe reversed north Monday as a poll showed six out of 10 South Koreans approved of military conscription exemption for K-pop sensation BTS members for their contribution to national dignity..

S. Korean show steals another LA night as Squid Game wins six Emmys A South Korean show has stolen another awards night in the City of Angeles as “Squid Game” became the first non-English TV show to pick up two major trophies at the Emmys Awards, or U.S. TV celebratio..

Naver’s Japanese operator of digital fiction achieves 10-billion-yen monthly GMV milestone Line Digital Frontier, the Japanese operator of digital fictions under Naver Webtoon of South Korea, has achieved monthly gross merchandise value (GMV) milestone of 10 billion yen ($69.3 million) in A..

Frieze Seoul proves hot as first Asian art fair, drawing tycoons and pop and film stars South Korean and Chinese riches flooded into the first Asian Frieze art fair in Seoul cohosted with the Korea International Art Fair (KIAF) for a marketplace of near $1 billion for art pieces of estab..

Korean game labels beef up overseas operation to ride on USD gain for income growth South Korean game companies are beefing up their overseas operations in response to the strong U.S. dollar that can aid income amid stagnated sales at home. NCSoft’s overseas branches in North Americ..

K-pop fandom rises as revenue base for entertainment and game labels South Korean entertainment and game labels are vying heavily to leverage on the global fandom base for K-pop. Hybe - the label behind global K-pop sensation BTS - recently revamped its fandom platfor..

First offline KCON in L.A. in 3 yrs attracts over 7 million K-pop fans worldwide KCON, the world’s largest fan celebration of Korean culture and music organized by CJ E&M, held its first face-to-face convention in Los Angeles in the United States in three years, drawing more than ..

Girl power fuels Korean entertainment stocks, except for controversy-ridden SM High expectations of new girl groups have bolstered the stock of Hybe to offset some of the concerns from the hiatus of mainstay artist BTS, while new albums of iconic Korean girl groups Blackpink and..

Neowiz’s Neopin adds to Web 3.0 hype after Wemade creates slash with Wemix 3.0 Neopin, a blockchain subsidiary of South Korea’s mid-tier game publisher Neowiz, plans to introduce multi-chain services supporting multiple blockchains by June next year in a move to advance into glo..

Korea’s defense min implies BTS members can join global tours while on military duty BTS members could continue with their musical engagements and also join overseas tours while serving in the military, South Korea’s defense minister said, promising privileges for the K-pop global sta..

Naver WEBTOON published “Lore Olympus” wins Eisner Award Lore Olympus, a romance e-comic discovered and published by Korea’s Naver WEBTOON, won the Eisner Award for “Best Webcomic” on Friday, another feat representing South Korea`s production ability in ori..

Extraordinary Attorney Woo set to become next Korean drama syndrome The ongoing Korean television series “Extraordinary Attorney Woo” about a genius novice lawyer with autism spectrum disorder (ASD) is a surprise sensation not only in Korea, but across the world and i..

Squid Game becomes first non-English drama to gain multiple Emmy nods “Squid Game” the most watched Netflix series of last year made another milestone for a Korean original content by becoming the first non-English series to be nominated for multiple Emmy Awards. Acco..

Demand for Korean language and studies rises on renewed K-wave fervor Global learning in the Korean language has spiked in line with renewed fervor over Korean entertainment contents and stars last year when BTS and Squid Game created a splash. According to the Nationa..