CJ Logistics to introduce guaranteed next-day delivery service from April CJ Logistics Corp. will introduce a new service that guarantees delivery by the next day starting next month and will go head on against Coupang Inc., a South Korean e-commerce company which created a..

KT faces leadership vacuum as CEO candidate steps down before AGM KT Corp. said that Yun Kyoung-lim expressed his intention to step down as the company’s chief executive officer candidate ahead of the annual shareholder meeting on March 31, raising concerns about a ..

SK on, EcoPro, China’s GEM to build battery precursor plant in Korea South Korean battery maker SK on Co. has agreed to set up a joint venture with two battery component partners to build a precursor manufacturing plant in an industrial complex on the country’s southwe..

IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to sell its entire 100 percent stake in South Korea’s largest liquefied natural gas shipping company, ac..

SPC Group’s Paris Baguette opens first store in Canada SPC Group, which owns South Korea’s largest bakery chain, launched its first Paris Baguette store in Canada, aiming to start a franchise business in the country and expand its global reach. Its first ..

Former Ourhome Vice Chairman Koo Bon-sung demands $234 mn in dividends Koo Bon-sung, former chief executive officer and vice chairman of South Korean food company Ourhome Co., has demanded dividends worth up to 300 billion won ($234 million) from the company amid a years..

Sedans lose out to SUVs, EVs in Korea, Japan Sedans, including long-time flagship models, are losing ground to sport utility vehicles (SUVs) and electric cars in the global automotive industry.According to foreign media outlets on Thursday, Japa..

Hyundai Motor CEO stresses response to demand-driven market, software Hyundai Motor Co. Chief Executive Officer Jaehoon Chang vowed to respond to a shift to a consumer-dominated market by optimizing production and sales, while reorganizing company-wide systems around so..

Hanjin Group heiress named as Hanjin Transportation’s executive director Hanjin Transportation Co., a logistics unit of South Korea’s Hanjin Group, named Cho Hyun-min as an executive director to oversee the company’s future growth strategy and marketing.The appointment of ..

SK innovation makes additional $50 million investment in U.S. startup South Korea’s SK innovation Co. said Thursday it invested an additional $50 million in Amogy Inc., a U.S. developer of ammonia-based fuel cell platform, in a recent funding round.SK innovation said it..

GM launches Chevrolet Trax Crossover in Korea with cost-effective features General Motors introduced its latest Chevrolet Trax Crossover for the Korean market Wednesday, with pre-order now available.The vehicle developed by GM Korea, a country affiliate of GM, is a relativel..

LG Electronics poised to enter electric vehicle charging market LG Electronics Inc. will introduce electric vehicle chargers as early as next month as the multinational electronics company under LG Group has been preparing to enter the market after acquiring a ser..

Korean insurance, card firms gave out $2.2 bn in dividends 2022 South Korean insurers and credit card companies that were embroiled in a controversy for paying hefty bonuses to employees on record earnings last year have paid almost 3 trillion won ($2.3 billion) i..

Korean chipmakers avoid worst-case scenario from U.S. rule on output cap South Koran semiconductor manufacturers avoided a worst-case scenario from the U.S. CHIPS Act designed to thwart Beijing’s chip technology ambitions as details of the regulation turned out to be less ..

Hyundai Rotem delivers K2 tanks to Poland 3 months in advance of schedule Hyundai Rotem Co., the locomotive and defense unit of Hyundai Motor Group, has delivered five K2 tanks to Poland, three months earlier than the schedule.The K2 tanks arrived at the port of Gdynia in P..

Kakao Mobility buys U.K.’s Splyt to help its overseas expansion Kakao Mobility Corp. acquired London-based mobility intermediary platform Splyt Technologies, the South Korean company’s first takeover of a foreign company, to help it expand into overseas markets.Ka..

Korean financial authority urges financial sector to raise more reserves South Korea’s financial authority on Wednesday called on financial institutions to improve their readiness levels for potential crises and assured the market amid the fallout of the Silicon Valley Ban..

Korea’s casino companies profitable in 2022, travel agencies in 2023 South Korea’s casino companies turned profitable last year on the back of an increase in the number of domestic and foreign visitors as Covid measures were gradually lifted. Travel agencies, meanwhile..

Bando completes Korea’s first self-developed housing project in L.A. South Korean construction company Bando Engineering & Construction Co. has successfully completed a mixed-use development project in Los Angeles, overcoming high entry barriers into the U.S. housing m..

LG Chem supplies RO filters to China’s largest lithium extraction project LG Chem Ltd., a major South Korean chemical company, said Wednesday that it supplied about 10,000 reverse osmosis (RO) filters to China’s largest salt lake lithium extraction project.The Guoan lithium..

Korean startup OZ Sepa gains traction in Middle East for oil skimming?solution OZ Sepa, a South Korean startup that makes oil-water separation nano-filters, is gaining global attention for its revolutionary solution to oil pollution from oil drilling.For years, oil-producing cou..

Korea’s AMSBIO foresees technology to diagnose cancer from saliva AMSBIO, a Korean in vitro diagnostics (IVD) company, envisions a technology that can diagnose various cancers in less than an hour using human saliva.The company recently received marketing approval f..

Korea’s public cloud software market forecast to exceed $2.33 billion by 2026 The public cloud software market in South Korea is expected to surpass 3 trillion won ($2.33 billion) by 2026 helped by increasing demand from local companies seeking operational efficiency through IT..

Kolon supplied materials, parts to Korea’s first private satelllite launcher Kolon Corp., a South Korean investment holding company for Kolon Group, contributed to the successful test launch of the country’s first private satellite rocket as it supplied space materials and par..

Korea’s first private satellite launcher succeeds test launch Korea’s first private satellite rocket HANBIT-TLV successfully completed a launch and flight test, according to its developer Innospace on Tuesday, opening the way for the company to put a small satel..

Demand for chef robots surging in Korea amid high wages, labor shortages South Korean startups are introducing food making and serving robots and solutions that can be used in the food industry in a growing movement to replace human labor with robots as the restaurant indu..

Korea launches first private satellite launcher from Brazil South Korean aerospace company Innospace launched its suborbital test launch vehicle HANBIT-TLV on Sunday (local time) at the Alcantara Space Center in northern Brazil.The company is “verifying the fl..

Korean surgical robot maker Curexo to partner with Microsoft on medical robots South Korean surgical robot maker Curexo Inc. has joined hands with U.S. Microsoft Corp. to develop medical robots that use artificial intelligence (AI) technologies, raising hopes that an AI robot co..

GC Biopharma, SK bioscience expanding into therapeutic areas GC Biopharma Corp. and SK bioscience Inc., two leading vaccine developers in Korea, are expanding their expertise into rare disease, messenger ribonucleic acid and cell and gene therapies in efforts t..

Customized cosmetic services based on AI gaining popularity in Korea South Korea’s top cosmetic maker Amore Pacific Group is seeing an increase in visitors at its flagship store helped by the popularity of its service that recommends makeup products based on artificial..

Korean game publishers to show off blockchain technology at GDC next week South Korea’s major game publishers are expected to seek partnerships with global tech companies in the area of blockchain at the five-day 2023 Game Developers Conference (GDC) that will kick off Mond..

Korea closely monitoring SVB collapse as shockwaves felt in venture capital The recent bankruptcy of Silicon Valley Bank in California, followed by the closure of Signature Bank in New York, is expected to have a ripple effect on the venture and startup industries in many cou..

Major Korean pharmaceuticals up R&D budget in 2023 to expand pipelines South Korea’s major pharmaceutical companies are significantly increasing their research and development budgets this year to expand their pipelines after posting record results last year.These compan..

Samsung SDS to expand cloud business to external customers Samsung SDS Co., the information technology (IT) service unit of South Korea’s top Samsung Group, plans to offer its cloud platform service that focuses on its affiliates to a wider range of customers..

Naver’s AI research papers ranked as the world’s sixth most cited in 2022 Naver Corp.’s research reports on artificial intelligence have become the world’s sixth most cited in papers last year, according to industry sources on Thursday, quoting data from global AI research ..

Housekeeping service platform thrives on high demand from working moms Lifelab Corp. expects demand for its online cleaning service to increase as more women work and could help slow a decline birth rates by providing childcare services to families.Lifelab’s Cleaning Lab..

South Korea’s SK networks invests in U.S. AI startup SK networks Co., a major mobile device distributor in South Korea, invested in a U.S. artificial intelligence startup.SK networks announced on Thursday that it initiated both direct and indirect inves..

Korea’s webtoon industry sets sight on generative AI for dramatic growth The webtoon industry is taking a keen interest in the generative artificial intelligence technology as it could attract more creators to webtoon platforms and bring dramatic growth to the market shou..

AI pillows draw much attention in South Korea The so-called “sleep tech” market, a combination of sleep and technology to improve a person’s sleeping pattern, is growing in popularity and anti-snoring, sleep apnea pillows fitted with artificial i..

Korea’s biotech startups face tough investment climate Only four startups have received funding to develop novel therapies this year as investment in South Korea’ biotech and healthcare sector weakened.Among 15 biotech and healthcare startups that have so..

Korean corporate bonds gaining popularity among investors South Korea’s corporate bond funds attracted 1 trillion won ($774.4 million) this year amid growing popularity of corporate bonds among investors looking for safe assets.According to Korean stock trac..

Korea Investment CEO is the highest-paid individual in Korean brokerage industry Jung Il-mun, chief executive officer of Korea Investment & Securities Co., was the highest-paid individual in the brokerage industry in South Korea, who took home 5.52 billion won ($429.7 million), de..

Korean bank stocks plunge on foreign net selling Bank stocks in South Korea that soared sharply in January are heading back south this month amid enhanced regulations and foreigners’ selling spree.According to Korea Exchange on Thursday, KB Financia..

More than half of Korean Inc. consider activist funds a threat: survey More than half of Korean companies regard activist funds as a threat to management activity, a survey showed Thursday.According to a survey conducted by Maeil Business Newspaper, Korea Listed Companie..

Stocks of Korea’s holding companies gain on unlisted units’ earnings Stock prices of South Korean holding companies are tracking the performance of their non-listed subsidiaries that have plans to join the stock market as the move allows them to improve finances and ga..

Korean stock market loses $1.9 bn amid growing uncertainty after SVB collapse Nearly 2.5 trillion won ($1.9 billion) in capital have been pulled out of the South Korean stock market after the collapse of Silicon Valley Bank in the U.S. According to Korea Exchange on Thursday, s..

Samsung Electronics may log first-ever quarterly loss for Q1: report Samsung Electronics Co., the world’s largest memory chip maker, may log its first-ever quarterly operating loss for the first quarter amid growing concerns over a slump in the global chip industry.In ..

MBK, Unison Capital offers second tender to delist Osstem Implant The consortium of MBK Partners and Unison Capital Korea (UCK), which have been pushing for a takeover of Osstem Implant Co., Wednesday announced that they will proceed with a second tender offer to de..

Korean brokerages ramp up family office business to target the super-rich Korean securities firms are increasing their interest in family office business, targeting the super-rich for their needs for business succession, mergers and acquisitions and fundraising.Family offic..

Korea’s LG Display, DSME to opt for more orders to boost earnings South Korean display manufacturer LG Display Co. on Tuesday unveiled plans to engage more in order-based projects to improve its earnings that have been affected by weak demand and a drop in panel pri..

Local game stocks soar as China allows services of 5 Korean video games South Korean game stocks surged Tuesday after the Chinese government allowed Korean publishers to provide services in the country for the first time in three months after a similar decision in Decembe..

Kumho Petrochemical to buy back, cancel $76.5 million shares South Korea’s Kumho Petrochemical Co. has decided to buy back its shares worth 100 billion won ($76.5 million) and retire them to enhance shareholder value.The decision was made at a board meeting hel..

CJ Olive Young’s strong business lifts up CJ shares Shares of CJ Corp., the holding company of South Korean food-to-entertainment conglomerate CJ Group, have gained more than 15 percent this year on growing expectations that the earnings of its non-lis..

Korean aerospace stocks gain momentum after successful civilian rocket launch Aerospace stocks are gaining attention in South Korea after the successful test launch of a space vehicle by Innospace, a local space startup, which has raised expectations that the aerospace industry..

Samsung Electronics may resume M&As after Rainbow Robotics deal Samsung Electronics Co. is gaining attention after it recently purchased shares in Rainbow Robotics Co. as there are speculations that this could be a signal that the tech giant has resumed mergers an..

Samsung, Hyundai engineering units to post record earnings on overseas orders Stocks of Samsung Engineering Co. and Hyundai Engineering Co. are gaining attention as their earnings are expected to improve on the back of a rise in overseas orders while other construction stocks r..

Korean investors flock to new ETFs amid bear market Investors in South Korea are flocking to stable alternatives such as exchange traded fund (ETF) products amid growing uncertainty in the global financial market following the bankruptcy of Silicon Val..

Kakao Entertainment’s music business valued at $4.61 billion South Korean music platform MelOn under Kakao Entertainment Co. recently received a valuation of 6 trillion won ($4.61 billion) in a funding round conducted earlier this year, raising expectations of ..

Samsung’s investments lift up robotics, system chip stocks The stocks of companies engaged in robotics, system chips, cloud, and all-solid-state batteries businesses have gained ground after investments by South Korea’s top Samsung Electronics Co. and its aff..

No. of shareholders of Korean Inc. up 4.1% in 2022 despite weak market South Korea has seen a 4.1 percent on-year rise in the number of shareholders of listed companies last year despite the bearish market and their favorite stock was Samsung Electronics Co. According to..

Korea to take steps to firm supply chain tie-up in new chip cluster with Japan Economy and Finance Minister Choo Kyung-ho Friday announced plans to solidify the supply chain cooperation between South Korea and Japan in the proposed semiconductor cluster to be established near Se..

Korean savings banks’ net profit shrinks 19% in 2022 on increased loss reserves The combined net profit of savings banks in South Korea plunged 19 percent last year, the first decline in six years, as they set aside more reserves for bad debts in case of potential insolvency risk..

AI-assisted translation apps become popular as more Koreans travel overseas More South Koreans are using artificial intelligence-based translation services over the last year as international travel recovers following the easing of social distancing measures during the pandem..

Number of senior households in Korea tops 5 million The number of senior households in South Korea has surpassed 5 million for the first time in 2021, nearly tripling from more than two decades ago, posing demographic challenges to Asia’s fourth-larges..

South Korea warns of further market instability following U.S. banking crisis South Korea warned about the possibility of further instability in the global financial market following the latest banking crisis sparked by the failure in the U.S.“We cannot rule out the possibility..

South Korea’s house assessment value sees biggest decline in 2023 South Korea’s official assessment values of communal houses across the country in 2023, including apartments and multi-family dwellings, posted a record drop due to a nationwide drop in real estate ma..

Korean government readies to put Japan back on whitelist, normalize relations The years-long trade dispute between South Korea and Japan may end as early as this month when Seoul puts Tokyo back on its “whitelist” of preferred trade partners and Japan lifts its export curbs on ..

Maeil’s Vision Korea suggests AI plants to boost manufacturing competitiveness South Korea should transform its 4,000 manufacturing facilities into artificial intelligence factories within five years to take the lead in the intensifying competition in the global manufacturing ec..

Water bills in Korea soar by the biggest level in 17 years in Feb. Water fees in South Korea rose by the biggest level in 17 years in February as regional governments announced price hikes to cope with a rise in production cost.According to data from Statistics Korea..

Korea revises down emission reduction target for businesses The South Korean government has decided to revise down its 2030 greenhouse gas reduction target for the industrial sector to 11.4 percent from 14.5 percent set by the former administration, a move tha..

Yoon reiterated over 60-hour workweek unreasonable for workers’ health South Korean President Yoon Suk Yeol reiterated on Tuesday that working 60 hours or longer per week is unreasonable, signaling that he will reflect public opinions in the government’s proposal to call..

Korea mulls resuming financial ministerial meeting with Japan South Korea’s Ministry of Economy and Finance is considering resuming a financial ministerial meeting with Japan to discuss measures for economic cooperation between the two countries, according to a ..

South Korea’s exports expected to fall for sixth straight month in March South Korea is expected to see a sixth consecutive month of declining exports in March, with overseas shipment down from a year earlier in the first 20 days of the month.According to the Korea Customs..

Hanwoo beef prices at restaurants in Korea surge on higher labor, fuel costs Restaurant prices of Hanwoo, a breed of cattle indigenous to Korea, have risen nearly 30 percent over the past three years, even though wholesale prices have fallen more than 10 percent, discouraging ..

Korea’s PPI gains for 2nd month in Feb. on rising service costs South Korea’s producer price index (PPI), a key barometer of future inflation, rose for the second month in a row in February, driven by higher service costs.According to data released by the Bank of ..

South Korea’s sluggish exports forecast to improve in second quarter South Korean companies’ sluggish exports are expected to improve slightly in the second quarter of this year, according to a recent report.The Export Business Survey Index (EBSI) for the April-June pe..

Korea’s Democratic Party to propose a bill to raise deposit insurance limit South Korea’s main opposition Democratic Party is expected to propose a bill to raise the limit on individual deposit insurance for the first time in 22 years on mounting concerns that the bankruptcy ..

Korean government delays decision on raising power rates to next week The South Korean government has postponed a decision on raising electricity rates for the second quarter until the end of this month as it is in a dilemma over a hike to cover the snowballing debt at ..

Women marrying in early 40s outnumber those in early 20s in South Korea More South Korean women are getting married in their early 40s than those in their early 20s, showing a shift in perception of marriage amid an aging population and low birthrate.According to data rel..

Record number of Korean youths pause from job searches or preparations Nearly 500,000 young people aged between 15 and 29 said they “took a break” in terms of economic activities last month, the largest since related data was first compiled in January 2003.According to t..

Syracuse University may open Asia’s first overseas campus in Seoul: Chancellor Syracuse University, a private university in the heart of New York State, U.S., may open its first overseas center in Asia in Seoul in the long run as more and more students wish to study in South Kor..

LVMH’s Arnault exploring ways to enter luxury hotel industry in Korea LVMH Moët Hennessy Louis Vuitton SE, the world’s largest luxury group that owns Louis Vuitton and Christian Dior, is pushing to enter the luxury hotel industry in South Korea as the French compan..

Seoul to transform demolished plant site into Korea’s Silicon Valley The Seoul Metropolitan Government plans to set up a global future complex to attract companies investing in high-technology industries, social networking services, media and information to create Kore..

Number of marriages in Korea hits all-time low in 2022 The number of marriages in South Korea fell to a new low last year as the population thins and more young people think of marriage as an option.According to data released by Statistics Korea on Thursd..

Seoul’s Han River to get major makeover to attract visitors, help commuters The Han River will get a major makeover as Seoul city government unveiled plans to promote the “Great Han River Project” to create more leisure space that would include gondola lifts and a performing ..

Many Korean government officials switching to join private sector Key government officials at ministries from economy and trade to foreign affairs are leaving to join private companies as growing global economic uncertainties and the mounting tensions between the U...

Korea’s governing party elects Kim Gi-hyeon as new leader Kim Ki-hyeon, a four-term lawmaker and former floor leader of the governing People Power Party (PPP), was elected as the party’s new leader on Wednesday.At the PPP’s national convention held at the Ko..

Seoul to build the world’s 2nd-largest Ferris wheel The world’s second-largest Ferris wheel with a diameter of 180 meters will be built along the Han River in Sangam-dong, western Seoul.“We will build the 180-meter ‘Seoul Ring’ at Haneul Park that is 9..

Korea’s Environment Ministry approves plan to build 2nd airport on Jeju Island The project to build a new airport on Jeju Island has been approved by South Korea’s Ministry of Environment on Monday, years after the site was selected in 2015.The Environment Ministry gave a “condi..

Eastar receives license to resume flights after three years Eastar Jet Co., a low-cost airline in South Korea, will resume operations after receiving a license from the Korean government, three years after the budget carrier was grounded due to financial diffi..

Seoul City mulls moving 3 major roads in Gangnam district underground Seoul City is considering moving three major roads in the Gangnam district underground as these roads are chronically congested and issued a public tender for basic proposal and feasibility study on t..

President Yoon orders 24-hr healthcare system for children South Korean President Yoon Suk-yeol on Wednesday called for improvement in the country’s healthcare system for children and ordered the government to establish a 24-hour medical helpline for immediat..

New union to provide thrust to Korea’s labor reform efforts A labor union federation representing the voices of office workers and R&D employees in their 20s and 30s will officially be launched this week in a response by the Millennials and Generation Z, w..

Demand for dosirak surges as Korean consumers turn to budget, simple meals Dosirak, or single-portion boxed meals, are becoming hugely popular among consumers in South Korea, especially office workers and single-person households, as they come in a variety of options and usu..

Education universities see fewer students as low birth rate threatens jobs Applications to enter the education department at universities have continued to decline in recent years as the drop in South Korea’s birth rate has raised concerns that fewer teachers will be needed ..

Online bookstores in Korea raise minimum orders for free shipping Book lovers in South Korea that enjoyed buying a book online with free shipping will no longer be offered the service as major online bookstores will be raising minimum spending for free delivery this..

Seoul unveils plan to transform old rail yard area in Suseo into a tech hub Seoul Metropolitan City plans to transform an old rail yard in Suseo, southern Seoul, into a robot and information technology (IT) industry hub. Under a mixed-used development plan announced by the Se..

Korean companies worry about social integration of new recruits in Covid-19 era South Korean companies and their human resources (HR) departments are facing the challenge of recruiting fresh out of college students of their desire as they worry about their lack of social integrat..

Four out of 10 universities in South Korea may push up tuition fees next year Four out of 10 universities in South Korea have plans to raise tuition costs next year as they are under a financial pressure due to a decline in the school-age population.According to a media survey ..

S-Oil posts record earnings in 2022 on improved refining margins South Korea-based petroleum and refinery company S-Oil Corp. on Wednesday posted record earnings last year on the back of high oil prices and improved refining margin. S-Oil announced in a regulatory ..

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..

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, includi..

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 intellec..

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 wor..

Korean game and entertainment firms converging to maximize Kwave riches South Korean entertainment giants Nexon Korea Corp. and Hybe Co. are leveraging on their game and artist riches to broaden their media and audience outreach.Nexon listed in Tokyo has become the larges..

Korean pianist Lee Hyuk shares top prize at Long-Thibaud Int’l Competition South Korean pianist Lee Hyuk won the top prize in the piano category of the Long-Thibaud International Competition held on Sunday (local time) at the Chatelet Theater in Paris, France. Lee co-shares..

Korean business majors join a $67 mn fund to enhance K-contents South Korean majors in hardware, software, and financing including LG Electronics, Kakao Entertainment and Shinhan Financial Group have launched a 91.1 billion won ($66.9 million) worth fund to groom ..