Hyundai Motor Q3 OP dn 14.8%, shaves capex as chip shortage crisis protracts South Korea’s largest automaker Hyundai Motor Co. turned conservative with investment plans as it expects chip shortage crisis to last throughout the year after it closed the third quarter with a 14.8..

ADT Caps renamed as SK shieldus to cut out new identity with AI and cloud application ADT CAPS Co., the security device making subsidiary of South Korea’s largest wireless carrier SK Telecom Co., has changed its name into SK shieldus to cut out identity beyond physical security service..

SK ecoplant, Bloom Energy to expand green energy partnership South Korea’s SK ecoplant and San Jose, California-based energy company Bloom Energy Tuesday announced the expansion of their existing partnership to fortify market leadership in fuel cell power gener..

Good Choice to hire 200 or more new workers by offering generous incentives South Korea’s hotel and travel booking platform Good Choice (GC) is out to steal away talents by offering industry’s top employment perks and incentives.The platform announced a large-scale recruitmen..

Hyundai Doosan Infracore bags orders for 138 heavy construction equipments in S. America Hyundai Doosan Infracore Co. has landed a series of new orders for total 138 heavy machines in the South American market. The heavy construction equipment maker under South Korea’s Hyundai Heavy In..

Coupang to raise fresh fund of $252 mn to beef up delivery capabilities Korean e-commerce major Coupang will raise 294 billion won ($252 million) from its parent incorporated in Delaware, U.S, to add distribution centers and strengthen new businesses including Coupang Eat..

Korean chipmakers ready documents while govt protests to US for chip information Samsung Electronics Co. and SK hynix Inc. are readying to comply with U.S. demand to submit information on chip order book, production and inventory status quo, while withholding sensitive management ..

Posco Chemical to supply EV battery materials to Norway’s Morrow Batteries Posco Chemical Co. under South Korean steel giant Posco will supply materials to Norwegian secondary battery maker Morrow Batteries to ride on rapid EV migration in Europe. The Korean refractory and ..

Hyundai Motor chief offers to back Indonesia’s EV, battery, hydrogen infrastructure Hyundai Motor Group readying to churn out electric vehicles in Indonesia will support the country migrate faster to green vehicles through establishment of charging and battery recycling infrastructur..

SK hynix matches Q3 earnings with its heyday in 2018, upbeat about Q4 (Updated with conference call comments) SK hynix Inc. in the third quarter delivered near best income and even better revenue than its heyday in 2018 from a super cycle in memory chips on strong dema..

LG Chem Q3 OP drops due to GM Bolt recall expense LG Chem’s operating profit for the third quarter dropped 20 percent from a year ago largely due to a one-off massive expense to cover the recall of GM Bolt electric vehicles but it expected a recovery..

LG Energy Solution taps LG vice chief Kwon Young-soo as new CEO South Korea’s leading electric vehicle battery maker LG Energy Solution has named Kwon Young-soo, vice chairman at LG Group’s holding company LG Corp., its new CEO, the company announced Monday. “Kwo..

LGES, SK On mull entry into China’s dominant cheap EV battery market Korean electric vehicle battery majors could be in for fiercer faceoff with Chinese rivals as they mull expanding to the lithium-iron-phosphate (LFP) battery turf dominated by China for budget EVs aft..

Posco Q3 top and bottom line at fresh record high South Korea’s steel giant Posco has had a handful of favorable factors – sizzling demand, spike in product prices, and foreign exchange rate – to fuel quarterly best of near $3 billion in ..

Apple TV+ to land in S. Korea next week in partnership with SK Broadband Apple TV+, the subscription-based on-demand streaming service of global tech titan Apple Inc., joins the mushrooming streaming market in South Korea next week in partnership with local internet servic..

Hyundai Motor readies separate headquarters on UAM for biz takeoff in 2028 South Korea’s auto giant Hyundai Motor Group is establishing separate headquarters in urban air mobility (UAM) in Yongsan of downtown Seoul and plans to add test sites as it readies for take-off in ae..

Naver’s equity swaps reward strategic partners handsomely via stock gains Corporate partners to Naver Corp. have netted near $1 billion in profit from their equity-based alliance with the Korea’s top internet company thanks to surge in the stock value during the pandemic pe..

Hyundai Department Store Duty Free eyes sales of $1.7 bn, adding Chanel at Incheon Hyundai Department Store Duty Free is estimated to achieve sales milestone of 2 trillion won ($1.7 billion) this year despite still-standstill in international travel. According to Hyundai Departmen..

SK Group pledges $85 bn to reduce carbon emission by 200 mn by 2030 South Korea’s third-largest conglomerate SK Group will spend over 100 trillion won ($85 billion) to reduce carbon emission by 200 million tons by 2030, according to its chairman Chey Tae-won.“SK Group..

SKT likely to carry out massive executive reshuffle ahead of non-telecom spinoff SK Telecom Co., South Korea`s largest wireless carrier, is planning to implement a massive executive reshuffle late October ahead of its planned spinoff of non-telecom businesses in November. SKT usua..

AI, VR solutions are dominant patent areas in first Korea Venture/Startup Patent Awards Artificial intelligence, virtual reality, and healthcare solutions were the most dominant areas of patented technologies nominated for the Korea Venture/Startup Patent Awards inaugurated this year to ..

First clinical trial of S. Korea’s homegrown CAR-T cell therapy is underway South Korea has commenced the first clinical trial of its homegrown next-generation chimeric antigen receptor T (CAR-T) cell therapy that overcomes immune checkpoint signals. According to the Korea ..

CHA Bio’s U.S. subsidiary to team up with Sartorius for viral vector process technology Matica Biotechnology, the U.S. subsidiary of South Korea’s CHA Biotech, Tuesday announced the signing of a joint research agreement with Sartorius, a pharmaceutical and lab equipment supplier in Germa..

STARTUP FOCUS: JLK eyes global expansion with AI-based medical diagnosis solution JLK Inspection, the first AI-enabled medical solution company to go public on the Kosdaq, expects to expand in the global market with its AI-based Medical Genomics technology capable of simultaneous r..

Daewoong Pharm launches V-OLET after 3-year patent dispute Daewoong Pharmaceutical has launched V-OLET (deoxycholic acid), an injectable agent to reduce excess jaw fat as it is free to proceed with global expansion upon resolving a three-year-long patent disp..

Samsung, Verizon, Qualcomm set new record of 711 Mbps upload speed Samsung Electronics Co. together with American wireless carrier Verizon and mobile chip maker Qualcomm Technologies has demonstrated ultra-fast 711 Mbps upload speeds, which would enable fast and seam..

Customized housekeeping service apps thrive in Korea Customized housekeeping service providing startups and related mobile apps are fast gaining ground in Korea as more women join the workforce and single-living households increase. Everyday duties of c..

Seoul Semiconductor sues Feit Electric for patent infringements South Korea’s leading LED maker Seoul Semiconductor Co. said Thursday that it filed a lawsuit against Ace Hardware which distributes LED filament light bulbs of the U.S. biggest light company Feit Ele..

SKT’s T Map Mobility and Uber to launch integrated taxi-hailing UT app on Nov.1 UT, the taxi-hailing joint venture of SK Telecom Co.’s T Map Mobility and U.S. car-hailing giant Uber, will officially launch the two companies’ integrated mobility application UT app on Nov. 1 with a..

Samsung Elec’s in-house venture Diavision develops Covid-19 quick diagnosis kit Samsung Electronics has spun off Diavision that has developed a Covid-19 quick diagnosis kit reading solution using smartphone camera and image analysis technology under its in-house venture program C..

SK joins hands with Monolith to produce clean hydrogen, carbon black products South Korea’s third-largest conglomerate SK Group has joined hands with a U.S.-based hydrogen technology company Monolith to produce clean hydrogen and eco-friendly carbon black products in Korea as p..

MDimune under spotlight for precise drug delivery technology eyes IPO in 2022 Korea-based MDimune Inc. is ready to go public next year upon confidence in its innovative therapy platform called BioDrone leveraging on cell-derived vesicles like exosomes obtained from various huma..

Samsung vacuum cleaner to take up extra role of pet care and home security Robotic cleaner will not just lessen household chores, but also watch over security as well as elderly and pet in the house, according to Samsung Electronics software head responsible for AI strategy ..

Online imported car sale platform Getcha nets $6.7 mn funding Getcha, an online car sale platform in South Korea, has recently bagged 8 billion won ($6.7 million) funding from large companies including SK Energy and venture capitals thanks to its growth potentia..

More Korean rookie startups attract more than $83.8 mn in series A round A growing number of Korean startups raise a chunky 10 billion won ($83.8 million) or more in their series A round of financing that is up to five times what most startups raised a few years ago, drive..

Samsung Biologics wins CDMO deal from Enzolytics for HIV, Covid-19 treatments South Korea’s Samsung Biologics bagged an end-to-end contract development and manufacturing organization (CDMO) deal from U.S. drug developer Enzolytics Inc. to manufacture and supply the client’s HIV..

RFsemi kicks off commercial supply of SiC power semiconductor device South Korean semiconductor materials company RFsemi has started a commercial supply of custom manufactured silicon carbide (SiC) power semiconductor devices for an unnamed domestic customer under a fo..

K-pharmas active in fund-raising for R&D ammunitions during pandemic environment Korean pharmaceutical companies are capitalizing on the drug momentum and spotlight on Korean vaccine consignment capacity under Covid-19 environment to raise funds to bolster R&D activity and novel d..

LG Elec tries its hand in artwork restoration as it works on Gogh’s Vineyards at Arles LG Electronics is supporting a Russian artwork restoration team to help clean up and retouch ‘Vineyards at Arles’, a famous painting by 19th-century master painter Vincent van Gogh, as part of its com..

HK inno.N aims to double sales over the next three years: CEO South Korea’s HK inno.N is aiming to nearly doble its revenue to 1 trillion won ($844 million) over the next three years backed by sales from prescription drug and health/beauty/beverage business and ..

Zinus buyout cost may go up as international buyout funds join the race The value of Zinus Inc., South Korean mattress maker with a strong U.S. presence, may go beyond $1 billion as international capital join the buyout race that so far had been favorable for SK Networks ..

IMM PE signs deal to buy Hanssem’s controlling stake, shares fall IMM Private Equity (PE) signed a stock purchase agreement (SPA) to close the acquisition of a controlling stake of 37.8 percent in South Korea’s top furniture and home furnishing company Hanssem at 1...

Korean financial groups outperform last year’s net by Q3 (Updated with additional information) Korean financial groups are enjoying another bumper year as they kept up hot earnings streak in the third quarter and outdone annual performance of 2020 on stron..

Citibank Korea to liquidate retail banking business upon failing to find a buyer Citibank Korea Inc. is following the ill-fated footstep of another major foreign lender HSBC by exiting from locally-dominated retail banking industry by liquidating the business after failing to find..

Kakao Pay to speed up global expansion after IPO and removed regulatory uncertainty Kakao Pay Corp., the fintech unit of South Korea’s platform giant Kakao Corp., vowed to accelerate global outreach after initial public offering. “We’re aiming to provide various financial services ..

Viva Republica plans to be a game-changer as one-stop financial and mobility app Viva Republica Inc., South Korea’s pioneer in peer-to-peer fintech platform Toss, will be bringing another new concept to everyday life by enabling its users to hail and pay for rides upon adding Tada..

Korea’s corporate debt market enters wintry season amid rising interest rates South Korean corporate debt market is rapidly losing heat amid rises in interest rates, with even the offering of investment grade issuers going undersubscribed. Six issuers in the investment grade c..

Korean fintech firms rush to service OTC trading amid OTC investment boom A growing number of fintech companies are scurrying to roll out over-the-counter (OTC) trading in South Korea to meet a rush of demand from 20- and 30-something Koreans looking for jackpots from unlis..

Global X’s theme ETFs under Mirae Asset see assets double on strong performance Global X, an American subsidiary of Seoul-based Mirae Asset Global Investments Group, has been a notable outperformer in the global theme-investing exchange traded funds market through timely and lucr..

Kakao Pay IPO set to be priced at top end of $76 apiece The scaled-back and delayed IPO of Kakao Pay Corp. is set to be priced at the top end of 90,000 won ($76) apiece as it drew eager demand from institutions despite ongoing overvaluation issue and regul..

Korean M&A scene ripe with equity sale instead of buyouts The Korean M&A activity has moved to stake sales instead of buyouts amid higher interest rates and stagnant stock market. Tving, third largest video-on-demand platform in Korea, is offering 300 billi..

CJ ENM nears finalizing acquisition of controlling stake in SM by offering doubled price CJ ENM, the entertainment unit of South Korean conglomerate CJ Group, confirmed it is acquiring a controlling stake in SM Entertainment from the founder of the oldest K-pop house. The two companies a..

Dear U of SM Entertainment eyes to jump on metaverse bandwagon after IPO Dear U Co., an information technology unit under South Korea’s entertainment giant SM Entertainment Co. operating messaging platform Bubble, envisions becoming a global leading metaverse platform oper..

Celltrion’s minority shareholders ready proxy contest in protest to stock downfall Minority shareholders of South Korea’s biopharma heavyweight Celltrion are readying a proxy contest to pressure the management for endeavors to prop up the share prices that have plunged 45 percent fr..

IMM expected to sign Hanssem buyout deal at $1.2 bn this week IMM Private Equity (IMM PE) this week is expected to sign the final contract to buy Hanssem, South Korea’s largest furniture and home furnishing company for 1.45 trillion won ($1.2 billion), about 50 ..

Naver’s Q3 at fresh high as global foray in contents, e-commerce picks up Updated with conference call comments Naver Corp. continued to perform its best this year, finishing the third quarter with the fresh quarterly highest on flying cross-border business in web comics, ..

Upbit operator Dunamu joins race for partial stake in Woori Financial Dunamu Inc., operator of South Korea’s top crypto currency exchange Upbit, joined the race for a partial stake in the offering of 10 percent government holding in Woori Financial Holdings, pitted agai..

Number of foreign stock accounts by Korean nationals jump 74% H1 amid stock frenzy The number of accounts held by South Korean retail investors for foreign equity trading jumped 74 percent in June compared to a year ago as Korean individuals turn active in cross-border trade in sear..

Earnings outlook in Q3 for Korean Inc. sharply revised down on commodity price surge Local brokerages have shaved third-quarter earning outlook from a month ago for Korean listed companies amid higher production cost from surge in commodity prices. According to local market tracker ..

Foreign investors net up battery stocks amid net sale over $2 bn in Korean markets Korean battery names making headlines lately with multi-billion-dollar capex plans in the United States and fattening order book have been hot among foreign investors who had net sold over $2 billion ..

Seoul to cut fuel taxes by 20%, exempt LNG tariff as data suggests slowflation South Korea will slash fuel taxes by the biggest scale of 20 percent and collect no tariffs on LNG imports from November to April to tame inflation from surging international energy and commodity pric..

S. Korea’s GDP loses steam, up 0.3% in Q3, BOK holds 4.0% growth target (Updated with comments and market response) South Korea’s economy grew at a snail’s pace of 0.3 percent in the July-September period from the previous quarter despite robust exports as the worst Covi..

Korea to achieve trade volume of $1 trillion this week, with exports at record high South Korea’s trade volume is expected to reach $1 trillion this week before the year ends on record exports. According to the data from the Ministry of Trade, Industry and Energy and Korea Customs ..

Stores across Korea are going unmanned and robotic fast Unmanned and self- servicing is catching on fast in South Korean franchise stores through the Covid-19 momentum.Visitors showed a great interest in booths that introduced technologies for operating un..

Korea’s biggest sale blowout planned for Nov as the country normalizes business hours South Korea’s biggest shopping extravaganza Korea Sale Festa will kick off next month in full scale at a time when the country would be shifting to a “living with Covid-19” mode with normalized busine..

Korea’s Oct.1-20 exports up 36% on yr, imports at sharply 48% growth Exports in South Korea rose 36.1 percent in the first 20 days of October from the same period last year on strong demand for chips and petroleum products. According to the data released by Korea Cust..

Korean gov’t mulls cutting fuel tax to lower burden of surging oil prices South Korea this week is expected to announce a cut in fuel tax to lessen public burden and inflationary pressure from surging oil prices, Deputy prime minister and finance minister Hong Nam-ki during..

Seoul is losing hotels big and small amid protracted pandemic crisis Hotels across South Korea are going out of business, from luxury to budget category, surrendering the locations to residential and office buildings as they no longer can withstand the tourism hiatus f..

S. Korean gov’t careful about adjusting inheritance tax law: finance minister South Korea is reviewing adjustment in the Korean inheritance tax system, one of the heaviest in the world, but a major change may not take in near future, according to the finance minister. “There a..

Korea’s Sept. auto exports tumble 20%, snapping 8-month growth streak South Korea’s car exports dipped more than 20 percent last month, ending an eight-month streak of on-year growth, amid sustained global chip shortage and fewer working days due to the Chuseok holiday,..

BOK warns of “too fast” rising in housing costs and household debt in Korea Housing costs and household debt in Korea have increased “too fast,” compared with major economies across the world, the Bank of Korea warned in its report submitted to the Strategy and Finance Commit..

S. Korea’s import prices hit 91-month high in Sept on rising oil price South Korea’s import prices rose for the fifth straight month to a 91-month high in September on rising international crude oil prices, adding to inflationary pressure.According to data released by th..

Chinese ports lure cargo carriers away from Korea amid global container crunch South Korean exporters grappling with global container shortages, described as ‘Containergeddon,’ have met another challenge as Chinese ports are luring away cargo carriers returning from the U.S. wit..

Money supply surges by near record pace in Aug in Korea amid asset frenzy Money supply in South Korea rose by near record pace in August on still-hot demand for housing and stocks. The country’s M2 money supply reached 3,494.4 trillion won ($2.93 trillion) in August, up 1...

S. Korea’s job conditions significantly improve, payroll increase biggest in seven yrs South Korea’s payroll increased by the biggest scope in seven years in September while the unemployment was the lowest for the month in eight years as the economy gained life in line with the pickup i..

Korea’s tax revenue stretches $46 billion in Jan-Aug, growth stagnates from August South Korea`s tax revenue amounted to 248.2 trillion won ($206.9 billion) in the first eight months of this year, up by over 55 trillion won from the same period a year ago, although the pace of growt..

S. Korea’s exports soar 64% on year in first 10 days of October South Korean exports expanded more than 60 percent in the first 10 days of October against a year ago on sustained global demand for its mainstay export items such as chips and automobiles, keeping to..

BOK signals a rate hike in Nov on optimism on achieving 4.0% growth this year (Updated with BOK governor comments and additional information) The South Korean central bank Tuesday indicated the next hike would come in November after it chose to pause in October after a raise i..

KDI warns “downside risks” for first time in six months South Korea’s state think-tank Korea Development Institute (KDI) warned against “downside risks” that the Korean economy is facing amid rising global uncertainty for the first time in six months.“Kore..

Korean energy authorities to propose city gas tariff hikes amid global energy crisis Households in South Korea may have to pay higher energy bills this winter as local energy authorities are seeing to raise city gas tariffs in November amid skyrocketing global liquefied natural gas pr..

S. Korea’s first directly elected president Roh Tae-woo dies Roh Tae-woo, the 13th president of South Korea and the first directly elected president credited for setting the basic guideline in inter-Korean relationship and normalizing ties with former communist..

Business hours, shopping and tourism events to normalize from Nov in S. Korea Business hours will be normalized across South Korea starting Nov. 1 as the country is finally ready to return to normalcy after a near lockdown since summer through the momentum of achieving 70 perce..

Internal router issue caused KT service crash, not DDoS attack (Updated with KT correction) KT Corp. formally apologized for a massive internet crash and blackout that lasted 40 minutes to an hour before midday Monday across South Korea by identifying router tro..

Korea’s top court overturns govt claim contract worker liable to paid leave beyond 11 days Contract-based workers in South Korea with less than one year in the job should be granted only up to 11 days of paid annual leave, the country’s top court said Wednesday, overturning previous interpr..

Korean policymakers angry with Netflix for free-riding on Korean success Netflix’s refusal to pay dues despite its extraordinary success in South Korea and gains from its global hit from Korean drama “Squid Game” has even angered the president. The global streaming giant ..

S. Korea succeeds in maiden flight of homemade rocket, but fails to put payload into orbit South Korea fell short of making a milestone leap in space program as its maiden flight of its first entirely domestically made rocket KSLV II dubbed Nuri failed to put a dummy payload into orbit. Th..

Solar power cannot contribute above 5% during peak season in S. Korea, data shows Photovoltaic power contributed less than 5 percent to energy supply in South Korea during the summer peak of July and August despite heavy investment in solar power for renewable and carbon reduction ..

Seoul reviews zero tariff on LNG imports for next year The South Korean government mulls temporarily exempting duties on imports of liquefied natural gas (LNG) next year to curb rises in prices in the fuel in greater demand for power generation for carbon..

S. Korea to employ AI and big data to fight world’s lowest fertility rate South Korea is employing artificial intelligence (AI) and big data technologies in hopes to boost stubbornly low birth rate in zero range despite decades of colossal spending and slow the thinning in ..

19th World Korean Business Convention kicks off online and offline The 19th World Korean Business Convention, the biggest networking event for Korean entrepreneurs working across the globe, kicked off on Tuesday at the Lotte Hotel World in southern Seoul, returning w..

S. Korea presents overly expensive and unreliable carbon neutrality action plan South Korea has confirmed its roadmap to achieve carbon neutrality by 2050, but without regard to energy security as the plan includes complete exit from thermal generation and yank-up of renewable so..

Korean youth turn to franchising to beat unemployment, behind half of 2021 openings More and more Koreans in their 20s and 30s are trying their hand in managing franchise business, an area that had been mostly reserved for retirees, as youth job conditions worsen under Covid-19 envir..

Google, Apple defiant on Korean in-app law to be asked to resubmit their remedial scheme Google and Apple facing multiple new regulations in South Korea will be asked to enhance remedial actions in line with the new Korean law mandating the multinationals to open up their app stores to ot..

Korea’s Royal Culture Festival opens on Oct. 16-31 The 2021 Royal Culture Festival will open on Friday, allowing visitors to learn and experience Korea’s cultural heritages through unique performances and exhibitions online and offline. The festival, ..

Samsung Biologics starts mass-production of Moderna vaccine Samsung Biologics Co., a biopharmaceutical unit of South Korea’s Samsung Group, has completed the test-production of Moderna’s coronavirus vaccine and started commercial production at its Korean plant..

S. Korea’s wine imports more than double beer imports Covid restrictions South Korea’s wine imports in the first eight months of this year more than doubled those of beer as more people have opted for home drinking amid prolonged Covid-19 restrictions and increased variety..

Team Korea on self-driving launched with major players like Hyundai Motor, Kakao, KT Hyundai Motor Co., Kakao Mobility Corp. KT Corp. and other competitive players in their respective fields have officially launched a council on autonomous vehicle industry to ensure Korean headway in ..

S. Korea to introduce independent container freight index: customs office chief South Korea will introduce its own container freight index this year to better respond to changes in global supply and demand amid growing uncertainties from the worsening global supply chain disrupti..

Crypto exchanges would face the same scrutiny as banks in Korea, FIU chief Cryptcocurrency exchanges in South Korea serving won-backed trade would come under the same stringent oversight as banks after a new set of rules have brought digital tokens to legally-bound administr..

Samsung, SK hynix may face near $1 bn digital tax overseas from 2023 South Korea’s chipmaking giants Samsung Electronics Co. and SK hynix Inc. may have to pay hundreds of millions of dollars in the global digital tax in all countries where they provide services and ear..

Post-Covid EV industry surge anticipated Startups venturing into electric vehicle (EV) businesses expect to see rapid post-pandemic growth of the industry, with more charging facilities and EV-sharing service platforms to serve new urban lif..

Rakuten Card establishes new systems development subsidiary in Vietnam KUALA LUMPUR: Rakuten Group Inc`s subsidiary, Rakuten Card Co Ltd, has established a new systems development subsidiary in Ho Chi Minh City, Vietnam. Rakuten Card has acquired a permit on October 12 ..

"Hong Kong`s zero-COVID policy undermining financial hub status: association A financial industry group warned on Monday that Hong Kong`s zero-COVID policy and strict quarantine requirements for international travellers threatens to undermine the city`s status as a financial h..

Steel producers report strong growth in profits despite COVID-19 HÀ NỘI — Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits. In its third-quarter financial report, Hoà..

MD Pictures sells 14.62% stake to China`s Tencent Chinese technology conglomerate Tencent Holdings has acquired 14.62 of the publicly listed Indonesian production house MD Pictures. In the transaction, MD Pictures founder and CEO Manoj Punjabi sold 1..

Businesses struggle with labour shortage following the big exodus of migrant workers Đặng Trọng Hà, 27 years old, from central province of Nghệ An, moved to southern Đồng Nai Province in April with the hope of finding a well-paid job. He had no ..

Indonesia a ‘natural winner’: Nomura Indonesia’s stock market has performed relatively well amid recent market volatility, but research analysts at financial services group Nomura Holdings suggests it is still punching below its weight. ..

Indonesia, Malaysia to start work on travel corridor Indonesia and Malaysia will start a travel corridor between the two nations and finalise maritime borders in accordance with international law, Indonesia`s Foreign Minister said on Monday after a meet..

Capital city committed to support foreign-funded businesses HÀ NỘI — The capital city is committed to offering the best conditions for foreign investors to conduct businesses, said the city`s leaders during a meeting with foreign investors in ..

Chiang Mai ready despite new outbreak Chiang Mai and Phuket, two of the country`s most popular destinations, are preparing to reopen to tourists on Nov 1 while keeping a close eye on the rate of Covid-19 infections. The northern province..

Việt Nam grasps opportunities to expand agricultural export market HÀ NỘI — Việt Nam`s agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end..

Govt slams `Pfizer jab is a killer` claim The government has condemned a claim that the Pfizer mRNA Covid-19 vaccine, being offered to students aged 12-17 as part of the plan to reopen schools in November, will have fatal consequences for all..

Việt Nam receives ultra-cold freezers from the US to store Pfizer vaccines HÀ NỘI — The US has delivered 36 ultra-low temperature freezers to the Ministry of Health at the National Institute of Hygiene and Epidemiology (NIHE) to assist Việt Nam in stor..

PM sets Nov 1 for reopening to foreign tourists from low-risk countries Prime Minister Prayut Chan-o-cha said on Monday that he will push for the opening up of the country to fully vaccinated foreign tourists from at least 10 countries on Nov 1, as the government earlier ..

Indonesia owes $17.28 billion ‘hidden debt’ to China: Study Indonesia owes US$17.28 billion in “hidden debt” to China, more than four times its $3.90 billion in reported sovereign debt, a recent study has found, suggesting a gross underreporting of the country..

Serious worker shortage looms as factories resume operations after prolonged lockdown HCM CITY — Companies in HCM City and other industrial hubs like the neighbouring provinces of Bình Dương and Đồng Nai are struggling with a labour shortage after the pa..

Jakarta property sector under pressure from COVID measures: Colliers International The second wave of COVID-19 added pressure on the commercial real estate sector in Jakarta and even affected residential property, consulting firm Colliers International reported Wednesday. The occupa..

Vietnam to welcome more vaccinated travellers from December HANOI: Vietnam is planning from December to reopen key tourist destinations to vaccinated visitors from countries deemed a low Covid-19 risk, the government said on Wednesday, ahead of a full resumpti..

Grab buys Tokopedia’s, Lippo’s shares in OVO Grab Holdings Inc. has expanded its ownership to almost 90 percent of PT Visionet Internasional, the developer of digital payment platform OVO, by acquiring stakes in the company from founder Lippo Gr..

Government will continue studying legalising medical marijuana KUALA LUMPUR: The government will continue to study ways and review laws in legalising use of cannabis for medical purposes in Malaysia. Home Minister Datuk Seri Hamzah Zainuddin said the government ..

Musicow plans IPO as copyright trade and value in K-pop songs gain heat K-pop music copyright trade has become hot amid international spotlight in Korean entertainment contents. Musicow, a Seoul-based music copyrights trading platform, has hired Mirae Asset Securities t..

K-pop stars BTS, TWICE returning to offline stages after nearly 2-year hiatus K-pop is set to return to live stages to meet global fans in person with Korea-born world star BTS to lead the pack next month after nearly two-year hiatus as many countries across the globe are optin..

SM shares shoot up amid rumored M&A talks with CJ ENM South Korea’s oldest K-pop house SM Entertainment may go under CJ ENM, a deal that could reshape the Korean media and entertainment scene if realized.Yonhap News Agency reported Monday CJ is in positi..

Race to create original Korean content heats up among OTT players Major over-the-top service providers at home and abroad are upping their ante in the race for Korean original content production amid increased attention on local contents after the mega-hit of “Squid..

Korean small media stocks enjoy renewed interest amid “Squid Game” craze South Korea’s small-cap media and entertainment stocks are gaining ground thanks to the “Squid Game” bonanza, which is prompting big platform operators to look for more local creatives. Next Enterta..

BTS-Coldplay collab “My Universe” tops Billboard Hot 100, further pushes Hybe stock K-pop superstar BTS snagged the No.1 Billboard Hot 100 song chart with “My Universe,” its collaborative new single with Coldplay. “My Universe” launched at No.1 on Billboard Hot 100, dethroning The K..

Netflix euphoric over success of ‘Squid Game’ attributes to its investment in Korean contents Netflix executives are raving over the global success of its original Korean series "Squid Game" that is the most watched content in 76 countries and to become the streamer’s most successful non-Engli..

BTS resuming stage concert in the U.S. in Nov-Dec BTS will hold its first offline concert in two years in Los Angeles, the United States, in November and December. The seven-member K-pop supergroup announced on Tuesday at Weverse, the fan community ..

OTT platforms harvest big hits from their heavy investment in original contents in Korea Video streaming service providers are harvesting smash hits in their competition in original content production and spurring new Korean entertainment wave.CJ ENM’s over-the-top service Tving has seen ..

Goodies hot as Netflix’s original Korean series ‘Squid Game’ top ranking in 22 countries Netflix`s original Korean series "Squid Game" has become a global hit, soaring to No.1 on the Netflix show ranking in 22 countries including the U.S., becoming the first South Korean drama to reach th..

S. Korean startups find lucrative biz opportunities in K-pop’s global rise The ever-evolving K-pop that has made South Korea one of global top four music exporters has cut out new niche market and lucrative business opportunities for Korean startups.ND Soft CEO Park Nam-do i..

Krafton, Kakao Games, Pearl Abyss rise with new releases, while traditional majors stumble South Korea’s mid-tier game publishers Krafton Inc., Kakao Games Corp. and Pearl Abyss Corp. have stolen the limelight with packed lineup and gratifying stock performance whereas traditional major tri..

Kakao and Naver battling fiercely to top digital comics market in Thailand A horserace between Korea platform rivals Kakao Corp. and Naver Corp. intensifies as the two clash over leadership in the digital comics realm across Asia and the United States. According to applicati..

BTS and HYBE coolly respond to accusation of fan manipulation in Billboard chart K-pop superstar boy band BTS coolly confronted chart manipulation accusation raised by fans of some competing artists, saying the “fair question” of how to rank a song is up to the chart operator like..

NCSoft joins hands with Sony Music Korea to strengthen content biz on Universe South Korea’s major game publisher NCSoft Corp. has teamed up with Sony Music to ramp up its content and entertainment business. NCSoft said Monday that it signed a memorandum of understanding with S..

Naver brings BTS and DC superheroes to its webtoon world Naver Webtoon Corp. in a faceoff with archrival Kakao on the global digital comics landscape brought K-pop sensation BTS and superheroes under DC Comics onboard to raise competitiveness on its content..

Nexon to hire over 1,000 workers by 2022 with 10 new IP titles in the pipeline South Korea’s gaming giant Nexon Co. has unveiled a series of new titles to be rolled out in the coming months to strengthen its video game lineup along with a plan to add more than 1,000 employees by..

CrossFire creator Smilegate invests $100 mn in new AAA game studio That’s No Moon Smilegate Entertainment Inc., a South Korean game developer behind blockbuster first-person shooter series CrossFire, has invested $100 million in That’s No Moon, a new video-game development studio i..

Kakao Entertainment to launch Kakao Webtoon with moving thumbnail design Kakao Entertainment, an entertainment unit of Kakao Corp., will launch its digital content platform Kakao Webtoon on August 1 with an ambition to deliver a novel experience of “watching” digital comic..

BTS Vs BTS in round 2: “Permission to Dance” returns Billboard top to “Butter” “Butter” zoomed back to top the Billboard main singles chart this week, trading places with the newest song “Permission to Dance”, putting Kpop sensation BTS in a rare extended competition against its..