Market Kurly projects to have achieved near $1 bn sales milestone last year South Korea’s fresh food early morning delivery pioneer Market Kurly is estimated to have raked more than 1 trillion won ($910 million) in sales last year, a milestone achieved in just five years in ..

Fuel stations evolve with fast addition of EV chargers in S Korea Electric vehicle chargers were added by 20,000 units, while gas stations were reduced by nearly 100 in South Korea last year to underscore fast changing fueling and mobility landscape. According to t..

Tesla cars to employ KT’s connected vehicle service in Korea South Korea`s top wireless carrier KT Corp. will add its music streaming service to the in-car infotainment system of Tesla electric vehicles to be sold in the country, joining its local rivals SK Tel..

Hanwha Energy, Total set up JV for 1.6-GW U.S. solar power projects South Korea’s Hanwha Group’s green expansion in the United States has gained traction through joint venture in solar power with French energy giant Total. Hanwha Energy Corp. said Thursday that its w..

Samsung Galaxy S21 is more apt and powerful but cheaper South Korea’s Samsung Electronics Co. latest flagship phone Galaxy S21 series are cheaper, smarter and snappier, powered with the most advanced display, chip, and camera plus an optional digital pen t..

SK Hynix sells $1 bn green bonds, first among chip issuers South Korea’s major chipmaker SK Hynix Inc. has tapped $1 billion in U.S. dollar-denominated green bonds, becoming the first chip-making name in the world to join the green-theme debt pipeline. Init..

SK reaps nearly $2 bn in 5 days from investment in Plug Power SK Group has made instant gains with its latest bet in U.S. hydrogen fuel cell maker Plug Power as the stock value nearly doubled in five days. The Nasdaq-listed Plug Power shares jumped to $69 on Wed..

S. Korea’s LS C&S activates its first cable factory in Africa South Korea’s LS Cable & System Ltd. (LS C&S) has kicked off mass production at its first cable manufacturing factory in Africa that is expected to serve as the cable major`s gateway to the estimated ..

Eastar Jet to apply for court receivership for better chance to raise capital South Korean budget carrier Eastar Jet Co. struggling to find new investors and capital after the planned sale to its bigger rival Jeju Air Co. flopped is headed for the bankruptcy court as early as n..

Nexon’s holding co. NXC invests $16 mn in Elon Musk’s SpaceX NXC Corp., South Korean gaming giant Nexon Co.’s holding company, has invested $16 million in Space Exploration Technologies Corp. (SpaceX) of Tesla founder Elon Musk envisioning commercial space tran..

Hanwha Solutions promotes eco-friendly packaging materials for green growth Hanwha Solutions Co., chemical manufacturing unit under South Korean conglomerate Hanwha Group, is scaling up eco-friendly packaging materials business to meet group-wide drive for environmental, soci..

Kia Motors, Kakao Mobility team up to stimulate EV migration in car-hailing South Korea’s Kia Motors and Kakao Mobility have joined hands to accelerate EV migration in the car-hailing segment. Under their memorandum of understanding signed on Tuesday, they aim to marry Kia’..

No more aid to SsangYong unless union suspends strikes: KDB chief State-run Korea Development Bank (KDB) warned that SsangYong Motor Co. won’t be able to receive any additional bailout loan from the state lender if its unionized workers go on strikes before the cash..

CJ CheilJedang to add Bibigo Mandu factory in South Dakota, U.S. South Korea’s CJ CheilJedang Corp. will build a factory in the United States to produce mandu, Korean-style dumpling, to meet the exploding demand for its Bibigo Mandu in the country. The Korean food..

Hanwha Aerospace to acquire 20% stake in satellite developer SI South Korea’s Hanwha Aerospace Co. will buy a 20 percent stake in Satrec Initiative (SI), a local satellite system developer, for 58.9 billion won ($53.8 million) as part of efforts to step up its aer..

Korean shipbuilders top global order book, share 10 year high at 43 percent South Korean shipbuilders topped the global order book in 2020 thanks to a flood of year-end orders. According to Clarkson Research, a shipping industry tracker in Britain, on Tuesday, Korean shipyar..

Hanwha Techwin to supply CCTVs and security solutions to Egypt South Korea’s security cameras maker Hanwha Techwin Co. will provide closed-circuit televisions (CCTVs) and security solutions to Egypt. The company announced Tuesday that it signed a memorandum of u..

Samsung SDI supplies ESS batteries to Tesla, upping hope for EV battery order South Korea’s Samsung SDI Co., a global leader in the burgeoning energy storage system (ESS) market, won an additional order to supply ESS batteries to U.S. electric vehicle giant Tesla. According to..

Kolon LS shares plunge after ICC ruling in compensation case Kolon Life Science shares fell sharply in Tuesday’s morning session after news that the International Chamber of Commerce (ICC) ruled against the Korean biotech company in a compensation claim from Ja..

11Street, Shinsegae partner to broaden early-morning delivery, diversify items Online marketplace 11Street run by South Korean mobile carrier SK Telecom Co. which has brought Amazon onboard will leverage on fresh food delivery service of retail giant Shinsegae Group for a bigger..

Celltrion submits IND for Phase 3 study of Prolia biosimilar in US South Korea’s Celltrion has submitted an investigational new drug application to the U.S. Food and Drug Administration (FDA) to conduct Phase 3 clinical trials for its biosimilar of Amgen’s osteoporos..

Chong Kun Dang’s Covid-19 cure shows positive results in Phase 2 trial Chong Kun Dang (CKD) reported positive interim results from the clinical trials of its investigational Covid-19 therapy Napabeltan (nafamostat mesylate), raising hope for the availability of one more ..

HK inno.N to advance into cell/gene therapy market HK inno.N, a South Korean pharmaceutical company formerly known as CJ HealthCare, will explore cell and gene therapy to find new solutions for blood cancer and lung cancer focusing on developing CAR-T..

Bill Gates congratulates LG Chem for polio vaccine development Bill Gates sent a letter of thanks to South Korea’s LG Chem Ltd., congratulating the company on its successful development of a polio vaccine whose development was partly funded by the Bill & Melinda ..

Celltrion’s Covid-19 cure demonstrates efficacy against progression to severity Rekirona (CT-P59), Celltrion’s investigational neutralizing antibody therapy for Covid-19, have met efficacy and safety endpoints in an analysis from a Phase 2 randomized placebo-controlled trial, pro..

Synopex partners with Alpha Plan to advance into hemodialyzer market Synopex Inc., a Korean water treatment system filter and semiconductor component manufacturer, is diversifying its business into the production of hemodialyzers and filter modules whose market is valu..

Curocell readies clinical trial of revolutionary CAR-T cell therapy Curocell, a South Korean biotech startup that has pioneered chimeric antigen receptor T (CAR-T) cell therapy, is prepping to kick off a clinical trial of a revolutionary CAR-T cell therapy that target..

Samsung`s enhanced 5-nano 5G integrated chip to power Galaxy 21 Samsung Electronics Co. on Tuesday revealed its first premium 5G-integrated mobile processor chip built on the latest 5-nanometer extreme ultraviolet process node that would power upcoming flagship ph..

World’s first microwave-driven plasma gasification plant plugs in Korea in April The world’s first microwave-driven plasma gasification will be up and running in Korea from April, turning wood pellets, waste vinyl and plastics into energy.The gasification power plant that uses cos..

Samsung lays out AI and robotic assistance from everyday chores to workout The latest home appliances from Samsung Electronics were armed artificial intelligence (AI) powered robotic assistance to enrich living experience. At its first digital showcase for the Consumer Ele..

Korea’s controversial AI chatbot Luda to be shut down temporarily South Korea’s AI chatbot Lee Luda (Luda) will be temporarily suspended after coming under fire for its discriminatory and vulgar statements, as well as privacy breach allegations. “We will return with..

Samsung, LG to highlight pioneering screen tech at virtual CES 2021 Samsung Electronics and LG Electronics will highlight their next-generation display technology at the CES 2021 trade show to be open Monday, pitting against each other with innovation in screen expans..

CrystalGenomics’ anticancer drug granted FDA’s orphan drug status South Korea’s CrystalGenomics said Monday that the U.S. Food and Drug Administration (FDA) has designated its anticancer candidate Ivaltinostat as an orphan drug for acute myeloid leukemia (AML). Iva..

Psomagen readies to roll out self Covid-19 test kit this year Psomagen, Inc., a sequencing and data analysis firm under Korean parent company Macrogen, is readying a revolutionary self test kit on Covid-19 that can save visits to test centers for rollout within ..

Samsung debuts 2021 Neo QLED and Micro LED TV lines Samsung Electronics Thursday introduced a new range of Neo QLED and Micro LED TVs during its first-ever virtual First Look event ahead of CES 2021.The 2021 Neo QLED TV, which better matches the compan..

Postech develops high-efficiency nickel-based catalyst for hydrogen fuel cell A Korean research team has developed a high-efficiency nickel-based catalyst system doped with oxophilic transition metal that is expected to help significantly lower the hydrogen fuel cell production..

Shares of Hanmi Pharm, GC strong on potential CMO deal for Moderna vaccines Even as companies decline to comment or confirm, investors are betting strongly on Korean drug makers Hanmi Pharmaceutical and GC Pharma on the prospects of their consigned production or packaging of ..

GC Pharma completes 2nd-phase test of Covid-19 plasma therapy South Korea’s biotech company GC Pharma is seeking to apply for conditional approval with the local health authority for its Covid-19 therapy after it completed the treatment’s phase two clinical tria..

Celltrion to unveil 2nd-phase test result of Covid-19 cure next week South Korea’s pharma major Celltrion Inc. will unveil the results of the second-phase clinical trial of its Covid-19 antibody treatment (CT-P59) next week to address to transparency in data disclosure..

Daewoong’s Phase 3 trial of Covid-19 cure for severely ill patients cleared in Korea Daewoong Pharmaceutical has received approval for a Phase 3 trial to evaluate the efficacy of Foistar in severely ill coronavirus patients in Korea. The company said on Monday that the Ministry of F..

SK Innovation bumps up debt offering upon 7-times oversubscription SK Innovation Co. is bumping this year’s first debt issue to 500 billion won ($455 billion) upon confirming overwhelming appetite for EV power-backed note. The South Korean EV battery maker disclosed..

KRX claims Korean stocks undervalued against other G-20 members South Korean stocks are deemed undervalued against peers of other G20 economies, the Korea Exchange said Thursday in the backdrop of concerns for overshooting and overheating in the Korean market. Ac..

KDB extends first loan based on data collateral South Korea’s state-run Korea Development Bank (KDB) said Thursday it has lent 5 billion won ($4.56 million) to Korea Credit Data (KCD) with its data and app as collateral, making it Korea’s first loa..

Sunjin Beauty prices IPO at top end, becoming third most popular Kosdaq IPO South Korean cosmetics raw material maker Sunjin Beauty Science priced its initial public offering at 11,500 won ($10.5), or the top end of its target band upon receiving 1,431 overwhelmed subscriptio..

SK Hynix sets a Korean private issue record with $2.5 bn overseas debt sale SK Hynix Inc. raised $2.5 billion in multi-tranche U.S. dollar-denominated bond issues, a record debt financing by a Korean Inc.The Korean chipmaker on Wednesday issued $500 million in three-year bond..

Samsung Electro-Mechanics’ offshoot SoluM prices around $90 mn IPO Fri SoluM Co., a Korean IT component firm spun off from Samsung Electro-Mechanics, on Friday prices its initial public offering of 64 million shares which could fetch up to 99.2 billion won ($90 million) ..

Hanwha shares gain traction on rosy outlook for aerospace, solar power biz Shares of Hanwha Corporation, the holding company of South Korea’s seventh-largest conglomerate Hanwha Group, have gained traction lately, jumping over 7 percent this year after a lackluster 2020 than..

M&A transactions grow 15% on year in 2020 with big deals in H2 The M&A transaction value in South Korea grew 15 percent on year in 2020 as the market quickly regained vitality from the Covid-19 financial turmoil in the earlier half. The M&A deals made in the coun..

One or 2-mo correction inevitable for Kospi after short sale normalizes in March South Korea’s plan to normalize short sale from March has already unsettled retailers who have driven the Kospi to unprecedented levels during the year-long ban, with as much as 47.8 trillion won ($44..

LG Energy Solution kicks off near $10 bn IPO process with eye possibly in 2H LG Energy Solution Ltd., an electric vehicle battery unit spun off from LG Chem Ltd in December, has kicked off the initial public offering process as the market anticipates wildly for the possibly bi..

Korean brokerage stocks ride on stock market bull Brokerage houses in South Korea are enjoying a heyday amid stock frenzy led by retail investors.The total stock transaction amount reached 64.2 trillion won ($58.4 billion) in Korea on Monday, jumping..

S. Korea to remove short-sale ban as planned in March South Korea will remove near one-year-long ban on short selling activities when expiry approaches in March as planned, despite calls for another extension in fear of cold splash on the retail stock fr..

Korean financial regulator finds Kospi overheated if it hits 3300 South Korea’s financial regulator has conducted a rare internal simulation report on the stock market to find it overheated if the main index hits 3,300 threshold. According to sources at the agency,..

Retail ownership in Samsung Elec doubles, outweighs institutional holding South Korean retailers now own more of Samsung Electronics than institutions as the result of unfazed buying in the blue-chip stock. Retail investors had net bought a total of 202,064,917 Samsung Ele..

Korean Inc. projected to have ended an average 56% higher in Q4 Listed Korean companies on average are projected to have ended the final quarter of 2020 more than 50 percent higher from a year-ago period, while a quarter would have done worse.According to South Ko..

Korea Inc. likely to enjoy post-pandemic boom in 2021 As Korea Inc. overall is expected to do more than 40 percent better than last year’s estimated performance, investors recommend shipbuilding, telecommunication devices and semiconductor and department..

Kospi hot streak raises concern for overheating, deposits in waiting still record high Concerns for overshooting and overheating have been raised as the Kospi continues a hot streak, gaining over 10 percent already in the new year. The main Kospi finished the first week of 2021 9.7 per..

Foreigners net sold over $22 billion in Korea shares, third largest ever, in 2020 Offshore investors sold more than a net $2 billion in Korean shares in December and their third annual largest volume of 24.4 trillion won ($22 billion) for the full 2020. According to the Financial ..

Big foreign IBs benefit from M&As, smaller hurt by tepid foreign stock invest Foreign investment banks operating in South Korea posted mixed earnings last year, with big ones keeping up profit from merger and acquisition (M&A) deals and initial public offerings (IPOs) while mos..

Hyundai Motor family shares fly high on expectation for EV collaboration with Apple Shares of Hyundai Motor family have jumped Friday upon rumors that the South Korean auto conglomerate could join Apple Inc’s electric vehicle project. Flagship Hyundai Motor soared 19 percent to clos..

BOK stays pat, won’t move to change direction, but wary of over-speed in Kospi [Updated with comments from BOK governor] The Bank of Korea chose to stay pat in the first rate-setting meeting for 2021 Friday and maintained to keep monetary policy loose and accommodative of the f..

Private loans surge by record $189 billion in South Korea last year Private debt surged by record levels of around $189 billion in South Korea last year amid Covid-19 pandemic and frenzied chase after housing and stocks from cheap liquidity. According to the data rel..

Daily Lotto sales hit record high in 2020 amid Covid-19 economic fallout Daily lottery sales in South Korea reached an all-time high in 2020 as the country falls into its deepest recession since the 1997-1998 financial crisis the due to Covid-19 outbreak. Daily sales of t..

Global and domestic car sales to drop this year from pandemic-peak 2020 Global auto sales this year would stay subdued under 80 million units for the second straight year this year and sales in Korea will fall from pandemic-peak year as normalization will likely take more..

Korea’s OLED exports to hit record high of $13 bn in 2021 amid growing application South Korea’s exports of organic light-emitting diode (OLED) panels are projected to hit a record high of $13 billion this year amid ever-expanding application of flexible panels. According to a repo..

Korea’s 2020 job data worst since wake of 1997-1998 Asian financial crisis The annual count in the unemployed fell for the first in 11 years and by the steepest in 22 years as the pandemic took toll on jobs and overall economy as much as the past global financial crises. Th..

Korea’s 2020 fiscal deficit nearly doubles on year to over $90 bn as of Nov South Korea’s fiscal deficit stretched to nearly 100 trillion won ($91 billion) by November last year after four rounds of supplementary budgets to fight Covid-19 and reduced corporate tax income. A..

FDI pledges to S. Korea down 11.1% in 2020, but still above $20 bn Foreign direct investment (FDI) to South Korea fell 11.1 percent against a year earlier in 2020 but still came above $20 billion for the sixth consecutive year, data showed. According to the Ministr..

S. Korea projected at No. 7 in per capita income and No. 10 in GDP scale in 2020 South Korea is projected to finish 2020 at No. 10 in global gross domestic product (GDP) scale and No. 7 in per capita income as it turned out to have survived the pandemic year better than others. K..

Seoul shells out record high of $11 bn in unemployment benefit in 2020 State subsidy for jobless South Koreans hit an all-time high last year due to the surge in job losses amid Covid-19 fallout. The Korean government doled out 11.85 trillion won ($10.8 billion) in job ..

Korea’s January 1-10 exports down 15.4% vs daily exports up 5.8% South Korea’s exports in the first 10 days of New Year shriveled 15.4 percent on year due to shorter working days, while daily exports added 5.8 percent. According to data from the Korea Customs Ser..

Seoul faces $161 billion debt maturing over the next three years The South Korean government has to repay 48 trillion won ($43.7 billion) bonds maturing this year and another 129 trillion won worth over the next two years after it had issued record debts to finance..

Korea’s Jan-Nov current account surplus 25 percent higher than a year ago South Korea extended its current account surplus for the seventh straight month in November last year, pushing the black 25 percent fatter than a year ago, amid recovery in the latter half. Asia’s fo..

Korean households’ debt for stock investment hits record high in Q3 2020 Both stock investments and borrowings from banks by South Korean households reached a record high level in the third quarter of last year, suggesting a significant amount of debts flowed into the stoc..

Korea’s biohealth exports at record high last year, join 10 mainstay rank South Korea’s biohealth industry set a new milestone in outbound shipments with a 50 percent jump last year, led by robust demand for Covid-19 test kits and biosimilar products in Europe and the Unite..

Korean asset market awash in near $3 trillion liquidity as of Oct As much as $3 trillion money have been circulating as of October last year, fuelling frenzied housing and stock buying spree in South Korea, data from the Bank of Korea showed. According to data rele..

Korea’s FX reserve hit new record high for 7th straight month in Dec South Korea’s foreign exchange reserve hit a fresh record high of $443.1 billion for the seventh straight month in December on the weaker U.S. dollar against major currencies, showed the Bank of Korea..

Online and mobile sales in Korea hit all-time high in Nov Online and mobile shopping transactions in South Korea reached a new high in November last year as home consumption became a habit amid resurgence of virus spread. According to data released by Stati..

S. Korea to cement semicon leadership amid looming super chip cycle Semiconductors will continue to buttress export-reliant South Korean economy this year, with forecast of revival of the 2018 super chip cycle on favorable demand and price conditions. Semiconductor e..

Koreans spent record amount on alcohol, tobacco in the year of Covid-19 South Korean consumption on alcohol and tobacco hit a record high in the year when livelihood and jobs were battered by virus outbreak. Household spending in alcohol and tobacco totaled 4.3 trillion ..

S. Koreans advised against overseas travel until Feb 15 South Korean government on Friday advised citizens against overseas travel for another month amid still-strong resurgence in the virus outbreak across the globe. The Ministry of Foreign Affairs said..

ESG disclosure to be mandatory in phases for Kospi-listed firms South Korea will mandate listed companies with more than 2 trillion won ($1.8 billion) in assets to disclose their environmental, social and governance (ESG) report starting 2025, announced the countr..

Korea to spend $1 bn to roll out Level 4 autonomous car by 2027 South Korea will spend nearly 1.1 trillion won ($1 billion) to develop autonomous vehicle technologies and build related infrastructure with a goal of a commercial rollout of a Level 4 self-driving ca..

Botulinum strain is not trade secret: U.S. ITC reasons in Daewoong vs Medytox case South Korean drugmaker Daewoong Pharmaceutical Co. received much lighter-than-expected 21-month sanction on sales of its botulinum products in the United States from the International Trade Commission..

S. Korea’s SH in talks to partake Russia’s $47 bn urban renewal project South Korea’s state-run housing developer Seoul Housing & Communities Corp. (SH) is in talks with the Russian government to join the country’s mega-sized urban renewal project in Moscow. Korea’s presi..

FTC set to determine punishment on Harim over intra-group trading charge South Korea’s Fair Trade Commission (FTC) will soon convene a full session to determine punitive action Harim Group, the nation’s leading chicken and feed producer, and its chairman Kim Hong-kuk for a..

Korea govt to back $27.3 bn worth of green energy projects abroad The South Korean government that is pushing green industries as the country’s next growth engines will spend 30 trillion won ($27.3 billion) over the next five years to finance local companies’ solar ..

Illicit stock short selling subject to tougher penalties starting April Illicit short sale in South Korea would be subject to entire seizure of the profit and purchase of new issues after short selling could cost maximum penalty of 500 million won ($465,704) in South Kore..

Korean court acquits ex-SK Chemicals, Aekyung chiefs in humidifier sterilizer case Former chief executives of SK Chemicals Co. and Aekyung Industrial Co. and other employees alleged to be involved in a deadly humidifier sterilizer case in the early 2000s have been acquitted of charg..

Novavax, Pfizer to supply Korea additional 20-mn-dose vaccines The South Korean government is expected to secure additional coronavirus vaccines worth 20 million doses from Novavax and Pfizer, bringing the country`s total vaccine pipeline to 66 million doses.A go..

Housing trade hits all-time high in S. Korea amid panicky housing buy As much as 360.8 trillion won ($328.1 billion) worth residential properties changed hands last year as a record-low interest rate and regulatory clampdown fueled an unprecedented housing frenzy in Sou..

Just 3 out of 10 middle-aged South Koreans ready for comfortable old age Only three out of 10 middle-aged South Koreans can ready comfortable old age as most have to cough out retirement savings to cover for education and marriage of their children.According to a study by ..

Gov’t to offer free Covid-19 vaccines to all S. Koreans starting next month South Korea will dole out Covid-19 jabs for free incrementally starting next month and work towards balancing out inequalities deepened from the Covid-19 fallout, President Moon Jae-in said on Monday...

Seoul to “actively” consider joining CPTPP as it steps up global FTA drive The South Korean government publicly declared it was “actively” considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after it signed into the Regional ..

Strong govt response essential to fight pandemic, Nobel laureate Milgrom Job losses, business extinction, and the rise of the impoverished are the immediate results of the unprecedented pandemic crisis, giving rise to an inevitable stronger government role that also is nee..

South Koreans spend most on personal items and less on outdoor gears amid Covid-19 Social distancing and lockdown as a result of Covid-19 have brought remarkable changes in consumption trend in South Korea, with items enriching stay-at-home life gaining popularity while products rel..

S. Korea ups state subsidies for EV cars, end subsidy for expensive imports like Tesla The Korean government will increase this year’s budget for state subsidies to promote purchasing of electric vehicles and hydrogen-powered cars by 32 percent. The Ministry of Strategy and Finance sai..

Power demand at winter record as Korea comes under freezing cold wave South Korea’s peak power demand hit a wintertime record of 90.2 million kilowatts on Thursday as the country has been swept up with heavy snowfall and freezing cold snap. According to the Ministry o..

Korean tobacco cleared of U.S. anti-dumping charges South Korean tobacco was cleared of anti-dumping charges from the U.S. government after the U.S. International Trade Commission on Tuesday (local time) ruled three to two that Korea’s 4th tier cigaret..

S. Korea to keep antidumping duties on Japanese steel bars despite WTO ruling South Korea has decided to keep anti-dumping tariffs on Japanese stainless steel bars for another three years despite a ruling by the World Trade Organization that recommended Seoul to abolish the tar..

Indonesia Extends 14-Day Entry Ban on Foreign Arrivals Jakarta. Indonesia will extend the entry ban on foreign visitors for another 14 days. The announcement comes a few days ahead of its deadline. "President Joko `Jokowi` Widodo has agreed to extend th..

Labour sector reaches significant results in five years HÀ NỘI — Việt Nam has created new jobs for more than eight million workers over the past five years and is one of 10 countries worldwide with the lowest unemployment rate. Mini..

Vietnamese billionaires’ net worth increases after battling headwinds of 2020 HÀ NỘI — 2020 was a difficult year for the global economy including Việt Nam, but some Vietnamese billionaires still saw their net asset value increase. According to Forbes, be..

YTB finalises plans to commercialise Covid-19 vaccine KUALA LUMPUR: Yong Tai Bhd (YTB) is finalising its plans to commercialise Covid-19 vaccine with Shenzhen Kangtai Biological Products Co Ltd (SZKT) through its latest partnerships with Tiong Nam Logist..

Hà Nội maintains economic growth amidst COVID-19: top official HÀ NỘI — Despite the impact of the COVID-19 pandemic, Hà Nội has maintained its economic growth, with gross regional domestic product (GRPD) expanding by about 3.98 per cen..

SEC enlists tech for probes The Securities and Exchange Commission (SEC) plans to use artificial intelligence (AI) and big data analytics to investigate false accounting information next year, following the implementation of rob..

Ministry conducts early bidding for 1,900 of next year`s construction projects The Public Works and Housing Ministry is conducting an early bidding process for thousands of projects for next year, as it strives to ramp up state spending to support economic recovery and boost the..

Retirement age to increase starting 2021 HÀ NỘI — Starting next year, the retirement age will be increased to 60 years and three months for men and 55 years and four months for women. This is part of Government Decree No..

Experts upbeat about VN’s post-pandemic economic recovery, urging firms to focus on new trends HÀ NỘI — Experts are upbeat about Việt Nam’s post-pandemic economy, urging enterprises to grasp opportunities arising from new trends, such as digital transformation, energy inf..

Metronic aims RM180 million profit from Covid-19 vaccine KUALA LUMPUR: Metronic Global Bhd (MGB) through its subsidiary Metronic Medicare Sdn Bhd (MMSB), has inked a memorandum of agreement (MoA) with Medigen Vaccine Biologics Corporation (MVC), to distribu..

Vietnamese đồng to strengthen in 2021: VNDirect Securities HÀ NỘI — The Vietnamese đồng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast. The State Bank of ViN..

Protesters slam charter vote Parliament`s rejection of the people`s constitution amendment draft has left anti-government protesters with no other choice but to press on with their street protests to achieve their goals, Jatupat ..

Bank of Thailand ‘has tools to handle strong baht’ Thailand`s central bank has the necessary policy tools to handle the strengthening of the baht, the finance minister said on Monday, as the currency hit its highest level in more than 10 months agains..

Property sales recovery to be derailed by CMCO: MIDF Research KUALA LUMPUR: The worsening Covid-19 situation in Malaysia will derail property sales recovery as economic outlook turns uncertain with the re-imposition of the Conditional Movement Control Order (CMC..

Government considers additional support policies for industrial sector HÀ NỘI — The Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Việt Nam`s industrial sector, especially t..

Bank Islam issues RM700mil sukuk under RM10bil sukuk Murabahah issuance KUALA LUMPUR: Bank Islam Malaysia Bhd has today issued the third tranche of RM700 million subordinated sukuk under its RM10 billion Sukuk Murabahah programme. This is the second sukuk issuance by Ban..

Domestic car sales down 4.1% y/y - FTI Domestic car sales shrank for a 16th straight month in September, down 4.1% from a year earlier to 77,433 vehicles, as the coronavirus outbreak hurt demand, the Federation of Thai Industries (FTI) sai..

Vietnamese exporters could gain US$633 million by increasing trade with India A booth showcasing Vietnamese fruits in India. India is now one of Việt Nam’s top 10 trading partners, and Việt Nam ranks as India’s fourth-largest ASEAN trading partner. — Photo con..

Prayut: New finance minister next week Prime Minister Prayut Chan-o-cha has ended speculation that outgoing finance permanent secretary Prasong Poontaneat could be the new finance minister. He said the new finance minister will be a famil..

VN stocks expected to keep progressing amid international pressure HÀ NỘI — Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast. However, international news may hinder market momentum and..

Hanwha invests $63.5 bn in K-pop copyright sharing platform Musicow Hanwha Corp, the holding company of South Korea’s chemical-to-defense conglomerate, has invested nearly 7 billion won ($63.5 billion) in Seoul-based music copyright sharing platform Musicow to bet on ..

Blockchain crypto games gain traction but face regulatory hurdles Game publishers are eyeing blockchain-based crypto games as their new growth engine as value of digital currencies has continued to rise, but they are struggling to roll out the games in South Korea d..

Disney Plus’ ESPN to shake Korea’s sports broadcasting market South Korea’s video streaming wars spill over to the sports front as Disney Plus, armed with sports channel ESPN, is slated to enter the local market this year. Korean players are beefing up their o..

League of Legends Champions Korea to kick off on Jan. 13 League of Legends Champions Korea (LCK), the primary competition for League of Legends esports in South Korea, will kick off virtually on Jan. 13, with anticipation running high for last year’s LoL Wo..

BTS “Dynamite” stays at Billboard singles top 10 longest for K-pop act BTS continues with writing new chapter in K-pop history as it remains longest – 13 weeks – on the U.S. Billboard Hot 100 song chart for a K-pop act with “Dynamite” at No. 5 this week. Th..

NCSoft’s Lineage 2M to hit Taiwan and Japan in Q1 Lineage 2M, the second mobile version of South Korean game publisher NCSoft Corp.’s mega-hit massively multiplayer online role playing game (MMORPG) title Lineage, becomes available in Taiwan and Japa..

MK pick: News of 2020 The Maeil Business Newspaper has compiled the top 10 domestic news of the year 1. Coronavirus puts the global economy to a standstill The novel coronavirus from Wuhan, China hit Korean shores i..

Netmarble and Kabam’s “Marvel Realm of Champions” now available worldwide Mobile RPG title Marvel Realm of Champions – second series in collabo between Korea’s Netmarble and its North American subsidiary Kabam – has become playable worldwide from Thursday. The g..

K-pop overseas revenue nearly double this year on BTS, BlackPink feat South Korea’s overseas revenue from music labels and videos reached a record high as of November this year thanks to the exploding popularity of K-pop artists such as BTS and BlackPink. According to ..

Nexon becomes No. 2 most valuable game stock in Japan with value near $30 bn South Korean game developer Nexon Co. has become the first Korean game publisher to be worth near $30 billion, becoming the second most valuable game stock in Japan after Nintendo. Nexon trading on ..

Taiwan poses as key testbed for Korean games reaching to Chinese gamers Taiwan has become a key testbed for Korean games tapping Chinese audience and gamers around the world.According to industry tracker Gevolution on Tuesday, Gravity’s Ragnarok Origin ranked second and N..

Korea’s MMORPG market gets hotter with new rollouts for the year-end season South Korean game publishers big and small are rolling out new mobile titles in year-end season to steal some shares off the mobile massively multiplayer online role playing game (MMORPG) market domin..

BTS lands first Korean song atop Billboard 100, safe from conscription for 2 yrs K-pop superstar BTS made history again as “Life Goes On” became the first Korean song to hit No. 1 on Billboard’s main singles chart. Life Goes On officially debuted atop this week’s Hot 100, making..

BTS lands fifth No. 1 album on Billboard 200 K-pop superstar BTS broke another record as it landed its fifth No. 1 album on the Billboard 200 chart with its latest mini album ‘BE’. The album, released on Nov. 20, earned 242,000 equivalent albu..

Netflix sets up Korean subsidiary devoted to content production Global streaming giant Netflix added a new South Korean subsidiary devoted to developing and producing Korean content. According to industry sources on Thursday, Netflix established Netflix Entertain..

NC Dinos holds up “Execution Sword” upon conquering Korean Series for the first time NC Dinos won its first Korean Series championship trophy since it joined the Korea Baseball Organization (KBO) League in 2013 by beating Doosan Bears 4-2 in Game 6 on Tuesday night at Gocheok Sky Dome..

YG Plus inks content supplying contract with China’s Tencent Music YG Plus Inc., a music distribution and advertising unit of South Korea’s entertainment firm YG Entertainment Inc., signed a contract with China’s Tencent Music Entertainment to supply music and conten..

Korea’s biggest game show G-Star 2020 kicks off, Nexon V4 wins Game of Year Award South Korea’s biggest event show G-Star 2020 kicked off in its first-ever online run for the next four days, inviting game enthusiasts to experience the latest in the pipeline from the game powerhouse..

Korean game developers employ AI and big data to upscale game features South Korea’s major game publishers are rushing to employ artificial intelligence (AI) to provide differentiated gaming experience.The nation’s leading game developer Netmarble Corp. will unveil its d..

Naver launches game portal dedicated to game news and stats Naver, Korea’s leading internet and mobile platform provider, has launched a game portal to pose threat to smaller local game sites such as ruliweb, dcinside, and inven. According to industry sources..