Korea’s convenience stores gain popularity as people look for cheap meals South Korea’s convenience stores are emerging from just being tobacco stores as an increasing number of people are opting to buy food there due to soaring prices of popular menus served at restaurants..

Canada pledges $220 million aid for POSCO Future M’s JV battery plant South Korea’s POSCO Future M Co. said on Tuesday that the Canadian government will provide significant funding to support the construction of its Ultium CAM electric vehicle battery plant, a joint ven..

Korea’s bedding firms respond to early summer heat with cooling products South Korea’s bedding companies are quickly introducing functional products that provide a cooling effect to meet the growing demand of consumers as the early summer heatwave hits the country. With s..

Hugel to boost market presence in China with resumed Botulax exports South Korea’s top botulinum toxin manufacturer, Hugel Inc., is set to resume exports of its flagship product, Botulax, to China and plans to expand its product lineup to include HA fillers, further st..

Hyundai Motor Group steps up efforts to hire global talents for smart factories South Korea’s auto giant Hyundai Motor Group is stepping up efforts to secure PhD-level talents from top-ranked universities overseas in preparation for a full-scale operation of a new smart factory a..

POSCO International inks $10 mn supply deal with Faru Graphite South Korea’s POSCO International Corp. has signed a long-term supply agreement for natural graphite, a key material used in electric vehicle batteries, with Faru Graphite Corp., a subsidiary of Austr..

Samsung and LG battle for dominance in smart TV platform market South Korea’s tech giants Samsung Electronics Co. and LG Electronics Inc. are striving to expand their businesses and tap into the lucrative advertising revenue generated by smart TV platform operatio..

Car software defects on the rise as autos become more tech focused There are a growing number of automotive software defects being reported in line with automobiles becoming more and more electronics on wheels. Software defect reports for only one out of 10 defects ..

Shin Ramyun achieves 1-trillion-won sales milestone for first time in 36 years Nongshim Co., a South Korean food company, has seen the sales of its flagship Shin Ramyun top 1 trillion won ($754.7 million) in 2022, becoming the first instant noodle product to hit the milestone, o..

Doosan Enerbility ships pressurizers for global artificial solar project Doosan Enerbility Co., South Korea’s largest supplier of nuclear reactors, will supply devices it designed and manufactured for an artificial solar project. Doosan Enerbility announced Sunday that it..

Japan has 10 times more highly skilled foreign workers than South Korea Japan, which has as strong a sense of ethnic nationalism as Korea, is actively seeking to attract foreign workers to the country, intensifying competition with South Korea in Southeast Asia, which is ..

Labor unions of top Korean companies demand retirement age extension A number of labor unions in South Korea, including those of top Samsung Group and Hyundai Motor Group, are expected to ask their management to extend the retirement age by up to five years from 60 in ..

Hyundai Motor Group to extend FIFA sponsorship until 2030 South Korea’s Hyundai Motor Group has extended its sponsorship with the International Federation of Association Football (FIFA) until 2030. Through a new agreement signed on Thursday (local time), ca..

Hyundai Motor Group, LG Energy Solution in $4.3bn U.S. battery plant deal Hyundai Motor Group and LG Energy Solution Ltd. Friday announced a plan to invest a total 5.7 trillion won ($4.3 billion) to build an electric vehicle battery production plant in the U.S.This marks Hy..

Amorepacific’s Sulwhasoo sees disappointing overseas sales despite rebranding South Korea’s cosmetics giant Amorepacific Corp. has yet to see its rebranding efforts for its signature luxury skincare brand Sulwhasoo pay off as sales from overseas haven’t increased as expected. ..

Hyundai Motor’s Chung talks about past challenges with young people Hyundai Motor Group Executive Chair Euisun Chung sat down and had hamburgers with a group of people in their 20s and 30s on Thursday, speaking as a mentor about his experience and business insights du..

Korea’s OB still at the top despite aggressive lager marketing by HiteJinro South Korea’s top liquor maker HiteJinro Co. launched its new beer “Kelly” last month and has been aggressively carrying out promotions, but it has not been able to bring about a seismic change in the..

Korean heavy industries maintain ties with China despite U.S.-China tension Korean companies involved in the heavy and energy sectors are opting to maintain their partnerships with their Chinese counterparts to take advantage of the nature of their business-to-business transa..

Korea Development Bank makes fifth attempt to sell life insurance unit Korea Development Bank (KDB) has put KDB Life Insurance Co. up for sale once again, with several private equity funds submitting letters of intent (LOIs) for the deal, after failing four times in the ..

Telsa to begin sales of China-made Model Y RWD in Korea this year U.S. electric vehicle (EV) manufacturer Tesla Inc. is expected to sell its first China-made car in South Korea as early as this year, which will come with a cheaper price compared with those available..

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

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

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

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

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

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

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

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

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

RNR revolutionizes cinema industry with MONOPLEX and Cine Marketplace 2.0 In a recent interview with Maeil Business Newspaper, Ray Seok, founder and CEO of RNR Inc., discussed the business opportunities discovered in the rapidly changing entertainment market due to the emer..

Korean government unveils plan to build biotech base in Boston The South Korean government will establish a base for local biotech companies to make a foray into the biotech cluster in Boston, the U.S., a pivotal hub of the global advanced bio industry. The Mini..

Korean startups introduce businesses in Singapore at D.CAMP event South Korea’s promising startups introduced their businesses to overseas venture-capital firms in Singapore at an event organized by D.CAMP, a startup support program run by the Banks Foundation for Y..

Naver, Kakao accelerate their entry into enterprise AI market Naver Corp. and Kakao Corp., the two largest platform companies in South Korea, are set to compete fiercely in the enterprise artificial intelligence (AI) service market. “We will apply HyperCLOVAX n..

Lack of Korean model to combat global AI raises industry concerns As global big tech companies deepen their monopoly over artificial intelligence (AI), there are growing concerns that South Korea’s information and platform industry could be subordinated to them unle..

Korea’s GOPIZZA to enter U.S. markets with likely $10mn investment GOPIZZA, a pizza chain known for its robot-prepared single-portion pizzas, has been offered a $10 million deal from a U.S. investment firm following a week-long state visit by President Yoon Suk Yeol ..

Korean lawmakers to consider multiple voting shares to aid venture industry The proposed amendment to allow multiple-voting shares for venture businesses passed the National Assembly’s Legislation and Judiciary Committee on Wednesday, raising optimism for the venture industry..

Naver Webtoon will lead global webtoon market with its IP strengths Naver Webtoon Corp. has announced its ambition to lead the global content market by expanding its creator ecosystem and building on its strong intellectual property (IP) competitiveness to counter exp..

Korean digital savings account service faces regulatory challenges South Korea’s Naver Financial Corp. and KEB Hana Bank Co. that jointly launched the local version of Apple Card’s high-yield savings account in November last year are facing limits in operations due t..

Hyundai Wia commercializes autonomous logistics robots Hyundai Wia Corp., a subsidiary of Hyundai Motor Group, said on Tuesday it is commercializing its item-carrying robot business, starting with the autonomous mobile robots (AMRs) and automated guided v..

Samsung Electronics brings menstrual cycle tracking to Galaxy Watch5 South Korea’s tech giant Samsung Electronics Co. is expected to bring advanced temperature-based menstrual cycle tracking capabilities to its smartwatches in the local market ahead of Apple Inc.The co..

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

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

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

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

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

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

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

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

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

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

KB Securities pushes security tokens, seeks regulatory approval KB Securities Co. plans to apply for two or more regulatory exemptions concerning security tokens in the first half this year, according to the company on Tuesday, amid forecasts of the commercializat..

Korea’s pension fund short of experts to manage alternative investment South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is increasing alternative investment in line with the trend of global pension funds.Alternative investment tends t..

Korean low-rated corporate bonds gain popularity on falling market yields Investors are flocking to low-rated corporate bonds as top-rated bonds have become less attractive amid a fall in market yields. According to data from Yonhap Infomax and Hyundai Motor Securities Co...

Korean financial authority vows tougher penalties on unfair trade practices Crimes related to unfair transactions in South Korean capital markets will be subject to stricter penalties under a strengthened rule presented by the financial authority Tuesday to root out dishonest..

Korea Investment & Securities teams up with internet banks for STO issuance Korea Investment & Securities Co. is ramping up efforts in the field of security token offering (STO), which has garnered growing attention since South Korean financial authorities released related gu..

Shinhan Financial to raise $68.7 mn for ESS project in UK Shinhan Financial Group will install a large-scale energy storage system (ESS) in the UK. in collaboration with Korean power equipment companies such as Samsung SDI Co. and LS Electric Co., the first ..

GS Holdings shares may rebound on improved subsidiaries’ earnings in H2 Shares of GS Holdings Corp., the holding company of South Korean conglomerate GS Group, is expected to see a turnaround in the second half thanks to the expected performance improvement in its subsidi..

Korean shipbuilding stocks gain momentum on bright earnings prospect South Korea’s shipbuilding stocks are rising on the back of expectations that their profitability will improve over the next three years as their portfolio of high-value ships expands. Shares of Daew..

Kepco increases short-term bond issuance amid severe losses Korea Electric Power Corp. (Kepco), which has been grappling with significant losses, is ramping upthe issuance of short-term bonds in response to criticisms that state utility company has been absorb..

Foreign ownership in Samsung Electronics returns to preceding levels Foreign ownership of Samsung Electronics Co. shares has rebounded to levels seen over a year ago, driven by mounting expectations of an improvement in semiconductor inventory and the continued buying ..

Korean public firms’ investment rises to record 2,112 companies in 2022 South Korean public institutions have invested in more than 2,000 companies, with the Korea Electric Power Corp. (KEPCO) leading the way with nearly 500. According to Alio, a management information d..

Korea’s travel deficit widens in Q1 as international travel resumes South Korea’s deficit in its travel account that had eased during the pandemic is widening as international travel returns to normal levels. According to data from the Bank of Korea on Monday, the de..

Korea contemplates flexible budget due to tax revenue shortfalls The South Korean government is considering the flexible execution of its budget throughout the remaining period of this fiscal year as it is facing a shortfall in tax revenue driven by the economic sl..

Korean SMEs hit hard by electricity, gas price hikes South Korean small and mid-sized companies are expressing concerns about a surge in gas and electricity prices that have nearly tripled over the past two years as it weighs on their competitiveness ag..

Korea sets out plans to attract 700,000 medical tourists by 2027 South Korea plans to attract 700,000 medical tourists by 2027 by easing restrictions on international arrivals and creating clusters across the country that combine healthcare services and tourism. A..

Korea’s state utility KEPCO faces daily interest expense of $8.74 million South Korea’s state utility Korea Electric Power Corp. (KEPCO) said on Thursday that it and its subsidiaries paid a total of 1.48 trillion won ($1.12 billion) in interest expenses during the first qua..

Korea’s producer price index down for first time in four months in April South Korea’s producer prices dropped for the first time in four months in April, driven by falling costs of agricultural products and lower city gas prices for industrial use. According to data rele..

Korean government to launch pilot project that expands foreign housekeepers The South Korean government is expected to launch a pilot project in the second half of this year that involves the hiring of foreign housekeepers as a measure to address the country’s chronic low bir..

Korea’s central bank holds rate at 3.5% amid easing inflation, weak economy South Korea’s central bank left the benchmark rate unchanged at 3.5 percent for the third straight time on Thursday as the country continues to grapple with a weak economy while inflation shows signs ..

Korea’s business sentiment hits 7-month high on expectations for chips rebound The business sentiment in South Korea reached its highest level in seven months on rising expectations that the country’s mainstay industries such as chips will bottom out in the second half of the ye..

Korea’s opposition parties present pro-labor bill to plenary session A contentious bill that revises the South Korean Trade Union and Labor Relations Adjustment Act has been sent to the plenary session for final approval after the opposition party passed a motion on We..

Korean energy-related public entities see debt surge by $53 bn last year South Korean energy-related public institutions, including Korea Electric Power Corp. (KEPCO) and Korea Gas Corp. (KOGAS), have seen their combined debt surge by about 70 trillion won ($53.1) last yea..

Korea’s wage disparity between workers widens amid stalled labor reform The stalled labor reform of the Yoon Suk Yeol government has led to a wider wage disparity between regular and non-regular workers in South Korea, data showed Tuesday. According to data released by t..

Korea to rank eighth in global GDP ranking this year: Analysis South Korea’s economy is expected to rank eighth in the world this year, with its gross domestic product (GDP) reaching $1.7 trillion, indicating its pivotal role in the global economy and order.Accor..

Korea-Japan governors’ meeting to resume in December this year The provinces of South Korea and Japan are looking to deal jointly with their shared issues, such as low birth rates and aging population, encouraged by a recent restoration of shuttle diplomacy betwe..

Korean companies busy finding measures to reduce electricity bills Korean manufacturing companies, which consume a significant amount of industrial electricity, are busy finding solutions to reduce their costs, with some already taking proactive measures with innovat..

Korea’s expected inflation rate down three straight months to 3.5% in May The expected inflation rate, an outlook for consumer prices, has fallen for the third consecutive month to the mid-3 percent range in May.According to the results of a May consumer trend survey releas..

Dismal outlook continues at Korea Inc. for 15 months in June A negative sentiment continues to pervade in the Korean business landscape in terms of its outlook for June. According to the business survey index (BSI) released by the Federation of Korean Industri..

Nearly 30 public institution heads earned more than Korean president in 2022 Nearly 30 heads of public institutions in South Korea took home more payroll than the country’s president last year, with 15 entities offering more than 100 million won in annual salary to full-time e..

Card companies’ delinquency rate rise on higher loans, revolving credit South Korea’s credit card companies are seeing a rise in their delinquency rate as more consumers are opting to carry over their credit card dues and increasing borrowing due to an economic slowdown, ..

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

President Yoon orders suspension in real estate auctioning related to fraud South Korean President Yoon Suk Yeol called for a review of existing state policies to help tenants that have fallen victim to housing fraud.“Jeonse crimes are typically those that go against the weak..

Safety, environment concerns rise as political banners flood Korea’s streets An annual average of 1.25 million banners, or placards in South Korea, have been installed on street poles and guardrails over the past five years from 2017, raising concerns about visual and environm..

Korean teenagers, families fear growing exposure to illegal drugs Fear is growing among South Korean teenagers that they are no longer safe from getting exposed to drugs after a recent incident in southern Seoul where random individuals gave out drug-laced beverages..

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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