Genesis unveils all-new G80 sedan despite virus fears Hyundai Motor Co.’s luxury marguee Genesis unveiled its all-new G80 sedan, the third-generation full-change model of its sedan series, at the world premiere press conference held Monday. The showcase ..

Hyundai, Kia focus on new cars, home turf to weather COVID-19 storm South Korea’s Hyundai Motor Group will aggressively ramp up production at home and rollout of new releases while its top executive bought back shares in bulk to make the name stand out among automakin..

SK Gas to build $1.8 bn gas chemical plant with Saudi Arabia South Korea’s SK Gas Co. has clinched a joint venture deal with Saudi Arabia’s Advanced Petrochemical Co. (APC) to build a $1.8 billion gas chemical plant in the Middle Eastern kingdom. SK Gas said ..

SK Energy readies for commercial production of $820 mn low-sulfur fuel oil production unit South Korean refining giant SK Energy Co. is ready to mass produce 40,000 barrels of environmentally-friendly low-sulfur fuel oil a day after successfully test running its new 1-trillion won ($820 mil..

Korean household names Samsung, Hyundai, LG close more overseas factories over virus The coronavirus pandemic continues to disrupt the global manufacturing bases of South Korean household corporate names Samsung Electronics, Hyundai Motor and LG Electronics. Hyundai Motor Co, the co..

SK Global Chemical to shut down naphtha, synthetic rubber plants South Korea’s SK Global Chemical Co. will completely close down its naphtha cracking center (NCC) in December and synthetic rubber production within the second quarter as part of its reorganization ef..

Hanjin chair defends management, Korean Air changes article in his favor Hanjin Group chairman Cho Won-tae has managed to defend his management control from opposing front led by his own sister at least for a year, and its stock celebrated his win by hitting the daily limi..

Doosan Heavy out of immediate liquidity crunch through state loan of $1 bn South Korea’s Doosan Heavy Industries & Construction Co. with 1.28 trillion won ($1.05 billion) in debt due by the end of 2020 will receive emergency loan of 1 trillion won from state lenders and reli..

CJ CGV to shutter 30% of cinemas nationwide due to poor ticket sales South Korea’s largest multiplex cinema chain CJ CGV announced Thursday it will shutter 35 theaters nationwide from this Saturday due to poor ticket sales amid the new coronavirus spread. Theaters ha..

GM Korea reaches a tentative wage agreement with labor union The management and labor union of GM Korea, local operation of U.S. auto giant General Motors, tentatively reached an agreement on this year’s wage terms after nine-months of disputes. The two parties..

Korean govt to map out relief measures for large firms fighting virus fallout The South Korean government will convene a meeting on Friday to discuss aid measures to help conglomerates reeling from the impact of the coronavirus pandemic. The government said Thursday that it wi..

Earnings outlook revised down for 8 out 10 major Korean companies for Q1 Eight out of 10 among South Korea’s 100 most valuable companies on the main Kospi bourse are projected to report poorer earnings than previous estimates for the first quarter, with some analysts predi..

Management of KEPCO and its units to return part of salary for fund-raising Executives of South Korea’s loss-making Korea Electric Power Corp. (KEPCO) and 10 public utility subsidiaries will return part of their salary to contribute to state funding to fight coronavirus fallo..

Korean Inc. in need of more financial and tax incentives to fight virus battle: forum The government must extend radical tax incentives on top of emergency funding to Korean enterprises to brace up for a global depression as the Korean automakers alone would suffer 90 percent sales dro..

Baby Shark creator SmartStudy rakes in record-high earnings in 2019 South Korea’s preschool content provider SmartStudy Co., the operator of Pinkfong Baby Shark, recorded the highest sales since its founding last year after Baby Shark characters and catchy songs creat..

Hyundai Robotics to become stand-alone company in May South Korea’s Hyundai Robotics Co. will be demerged from Hyundai Heavy Industries Holdings Co. in May to become a stand-alone company. Hyundai Heavy Industries Holdings gained the okay on its spinof..

Hanjin positioned favorably to protect management control at proxy battle Hanjin Group Chairman Cho Won-tae is expected to safely protect his management control from an alliance led by his older sister at an upcoming shareholders meeting upon a string of court rulings givin..

Daewoong Pharm sells treasury stocks to boost R&D pipeline Daewoong Pharmaceutical said on Monday it has sold treasury stocks worth 30 billion won ($24 million) to finance M&As and development of promising drugs. The treasury stocks sold to its holding compan..

Asiana Airlines to run at halved staffing, use idled planes to deliver cargo South Korean full-service carrier Asiana Airlines Inc. will run at halved staffing from next month by sending the other on rotational unpaid leave and cut back executive salaries by 60 percent as it b..

Easter Jet streamlines fleet and staff, Korean Air suspends flights to Beijing Budget carrier Easter Jet will streamline its fleet and staff, while full-service carrier Korean Air Lines shuts down Beijing route in latest woes of the Korean aviation industry that has been more or..

Korean pharma firms accelerate overseas foray amid global spotlight South Korean pharmaceutical companies are going all out to raise overseas sales by launching new offices and speeding up planned clinical trials to capitalize on the newfound global spotlight from the..

GC Lab Cell teams up with KLEO to develop natural killer cell-based COVID-19 cure GC Lab Cell is making headway in the development of its natural killer (NK) cell-based cure to fight COVID-19. The South Korean cell therapy developer said on Monday it has agreed to team up with U.S..

Drawn-out fight over botox origin costs Daewoong and Medytox money and name The years-long court battle between Daewoong Pharmaceutical and Medytox over the origin of botulinum toxin (BTX) strain has cost the two Korean drug makers dearly in terms of money and reputation. ..

SKC aims for commercial production of blank masks in 2020 SKC Co., a South Korean industrial film and chemical material maker, has started prototype production of high-end blank masks, a key material used to pattern semiconductor chips, to ensure its commerc..

ImmuneMed to test its potential COVID-19 cure outside Korea: CEO ImmuneMed, a South Korean biotech firm, will soon launch clinical trials of its investigational coronavirus treatment outside Korea, the company chief executive Kim Yoon-won told Maeil Business Newspa..

Samsung to mass produce industry`s first EUV DRAM next year Samsung Electronics Co. has successfully applied extreme ultra-violet (EUV) processing technology to production of dynamic random access memory (DRAM) chips for the first time in the industry, further..

GenNBio initiates testing of COVID-19 DNA vaccines on monkeys South Korea’s organ transplant company GenNBio Inc. and its largest shareholder Genexine Inc. announced Wednesday that they have dosed its DNA candidate vaccine GX-19 to non-human primates to evaluate..

Korea’s sole negative pressure ambulance maker Autech in high demand amid COVID South Korea’s special vehicle manufacturer Autech Corp. plans to ramp up production of negative pressure paramedic ambulances in demand by public health centers and fire stations for their fight again..

Samsung launches all-in-one power chip for TWS earphones Samsung Electronics Co. on Tuesday announced the release of the industry’s first all-in-one power management chip optimized for true wireless stereo (TWS) devices that will allow manufacturers to craf..

WellBiotec to market SolGen’s COVID-19 kit at home and abroad WellBiotec, a South Korean leather product producer, said on Tuesday, it has a distribution contract with SolGent to sell the latter’s coronavirus sampling kit in Korea and overseas. The Kospi-listed..

JW Pharma shares surge on FDA’s nod for Actemra trial for COVID-19 Shares of JW Pharma gained by their daily permissible high of 30 percent Tuesday afternoon on news that the U.S. Food and Drug Administration (FDA) has approved a phase 3 study of Actemra (tocilizumab..

Celltrion secures candidate antibodies to fight COVID-19, aims for clinical test in late July South Korea’s top biosimilar developer Celltrion Inc. has successfully secured candidate antibodies to fight COVID-19, which is now a pandemic, earlier than expected and aims to initiate a clinical te..

3D design becomes essential in precision manufacturing: Dassault Systèmes chief Dassault Systemes, one of the world’s biggest software companies, is at the core of today’s design tasks in the manufacturing and infrastructure sector ranging from Cartier watches to Uber’s latest mo..

GC MS and Genecast team up to develop advanced COVID-19 sampling kit GC MS, a South Korean diagnostic reagent and medical device company, said on Monday it has signed an agreement with Genecast specified in cancer diagnosis through liquid biopsyto develop a diagnostic ..

Dust metrics in Korea turns clever thanks to high-tech 5G wireless services Necessity is the mother of invention, and the saying cannot better describe South Korea’s wireless carriers who have applied their world’s most advanced 5G network and digital solutions to address the..

Seegene completes FDA pre-sub meeting for COVID-19 sampling kit Kosdaq-listed Seegene, a South Korean point-of-care diagnostic company, said on Thursday it has completed a pre-submission meeting with the U.S. Food and Drug Administration, a preliminary step to exp..

Abclon grabs patent on new antibody drug to control cytokine-driven inflammation in U.S. South Korean biotech company Abclon said on Monday it has been granted a U.S. patent on AM201, a next-gen bispecific antibody drug to treat patients with autoimmune diseases. The new antibody was der..

SK Bioscience, KCDC to collaborate on potential coronavirus vaccine SK Bioscience Co. said on Wednesday that it has been picked as a preferred negotiator for a state-led project to develop subunit (antigen containing part of the virus) vaccine candidate materials agai..

Neofect shares on fire on U.S. telemedicine reimbursement program Shares of Neofect are on fire in Seoul Wednesday on expectations of increased revenue upon news that telemedicine service for patients contracted with COVID-19 will be covered by health insurance in M..

Korea’s Kogene Biotech files for approval of its COVID-19 kit in U.S. at request of FDA Kogene Biotech, a COVID-19 detection kit maker in South Korea, said the U.S. Food and Drug Administration (FDA) recently asked it to file an application for emergency use authorization (EUA) with the ..

COVID test kit maker Seegene ranks hottest stock in Korea with daily turnover at over $2 bn Korean COVID-19 sampling kit maker Seegene Inc. has become the hottest stock in Korea, topping in terms of daily turnover in both main and secondary markets on Friday amid surge in overseas orders for..

Foreign selloff in Korean stock mkt at record high in March, remains relentless Foreign nationals have been cashing out of Korean stock markets unendingly from March 5, with monthly net sale topping 12 trillion won ($9.87 billion) by Friday, a level not even seen during the 2008 ..

COVID-19 brings hiatus in M&A calendar in Korea South Korea’s mergers and acquisitions market has gone on a recess to wait out until the coronvarius pandemic passes.According to data compiled by Maeil Business Newspaper, M&A deals in Korea in the f..

Withdrawal from retirement pensions surges in March in Korea amid virus strain Retirement pension savings have lost almost 1 trillion won ($827 million) this month in South Korea as more seek to cancel their policies despite penalties, with the coronavirus taking toll on persona..

Capital leak from MMF underscores immediate liquidity woes of Korea Inc. More than $3 billion dollars are being yanked out of money market funds (MMF) investing in short-term fixed income amid overall skepticism in Korean debt market, hardening immediate liquidity woes of ..

KB Financial needs to shore up $848 mn in capital to add Prudential Life South Korea’s KB Financial Group must reinforce capital base by 1.04 trillion won ($847.6 million) to stay financially sound to add Prudential Life Insurance Co. to its family, a move that could dilut..

Moody’s cuts Korea’s growth estimate to 0.1%, mulls downgrade in bank rating Moody’s Investor Services on Thursday has slashed this year’s growth estimate for South Korea to 0.1 percent from 1.4 percent last revised earlier in March and warned of downgrades for four regional b..

COVID-19 sampling kit maker Seegene surges to No. 3 market cap in Kosdaq Shares of Kosdaq-listed Seegene Inc. hit daily ceiling for the second straight day, with its market value topping 3 trillion won ($2.4 billion) Thursday to become the third most valuable stock on the ..

Korea to relax FX liquidity rules, inject dollars under U.S. currency swap deal South Korea will temporarily ease foreign exchange liquidity rules and start injecting dollars next week from the $60 billion currency swap line with the U.S. to lessen the strain in dollar funding an..

Crypto-backed lending startup Delio raises Series A funding Delio Inc., a Seoul-based cryptocurrency startup, announced it secured a Series A funding of undisclosed amount. Two Korean venture capitalists - Honest Ventures and Kingco Investment Partners provi..

The first $3 billion batch in stock market relief fund to be injected early April The first tranche 3.7 trillion won ($3 billion) of 10.7 trillion won state-backed fund to shore up the Korean stock market battered by virus scare will be expedited as early as next week, but the ammu..

Fears about April liquidity crisis in Korea subside after govt bond purchase program The fear about a liquidity crisis in April when monthly record 6.5 trillion won in corporate bonds mature has eased after the government pledged to inject 30.8 trillion won ($25 billion) in bond-purch..

Korea’s bond-stock stabilization fund to place heavy burden on financial majors South Korea’s financing plans for its 30.7-trillion-won ($24.9 billion) emergency package to stabilize bond and stock markets are starting to take shape, but will likely burden the financial sector gr..

KB Financial likely to win over Prudential Life after offering $1.8 bn - sources Korea’s KB Financial Group has gained a lead in the horserace over mid-sized insurer Prudential Life Insurance Co. upon reportedly handing the highest bid of 2.2 trillion won ($1.8 billion). Accord..

S. Korean stocks, won, bonds extend rally on aggressive stimuli packages South Korean markets have extended rally for the second straight day Wednesday, lifted by overnight 11.4 percent jump in the Dow Jones Industrial Average on news of a $2 trillion stimulus package in t..

Hyundai Motor vice chair buys $22.4mn in Hyundai Motor, Hyundai Mobis shares Hyundai Motor Group’s executive vice chairman Chung Euisun purchased additional 9 billion won ($7 million) worth shares in the Korean auto conglomerate’s key units Hyundai Motor Co. and Hyundai Mobis ..

Investment-grade Korean debt pipeline crippled by virus scare The drought in the fund-raising market even has the investment grade Korean companies fretful of new issues. Household Korean corporate names like SK, LG and GS cannot set the plans for new issues to..

Celltrion stocks rally ahead of COVID-19 cure timetable release Shares of South Korea’s top biosimilar developer Celltrion Inc. and its two affiliates – Celltrion Pharm Inc. and Celltrion Healthcare Co. – flew high Monday despite the ongoing rout in th..

Korea to unveil new funding of $21 bn or more to calm financial markets South Korea plans to unleash another stabilization measure Tuesday, aiming to pump at least 27 trillion won ($21 billion) into financial markets to ease market volatility stemming from the coronavirus..

COVID-19 wipes out 30% in Korea’s top 100 stocks, sends P/B ratio to 20-yr low The new coronavirus (COVID-19) has been merciless on corporate life, wiping out a third of the value in Korea’s 100 most weighted stocks since its arrival two months ago and making the bulk of the mem..

Online retail sales rise fastest in Feb in Korea amid COVID-19 spread Sales of online retailers grew sharply last month as consumers in South Korea are shopping from groceries to furniture off online malls instead of venturing out amid unfazed virus threat. According ..

Seoul throws in extra incentives for primary dealers amid oversupply in govt bonds The South Korea government will run an unprecedented incentive program for primary dealers, market maker for government securities, to ensure smooth pipeline in its record financing plans for super-si..

COVID pandemic defers Basel III rule on banks to 2023: BOK The implementation date of the Basel III standards, new international rules for governing banks’ capital requirement, will be pushed back by one year in accordance with agreement by member countries i..

Korea’s March consumer sentiment at 11-year low amid virus crisis South Korea’s consumer sentiment in March dropped to levels last seen during the 2008 financial crisis amid fears of the coronavirus pandemic. The composite consumer sentiment index fell 18.5 points..

Korea to review easing stock tax rules to raise market appeal South Korea may ease the capital gains tax rule on big shareholders to lure more rich individuals into the local stock market. “We’re aware that the planned new rules on capital gains tax on large sh..

BOK tests quantitative easing through “unlimited” repo program until June South Korea’s central bank will supply “unlimited” short-term liquidity through repurchase-agreement operations, or repos, to back financial institutions joining state funds to stabilize securities ma..

Seoul to keep expansionary fiscal policy next year to back recovery from virus South Korean government will keep up expansionary fiscal policy next year despite yawning fiscal deficit to revitalize economy recovering from broad damages from the coronavirus outbreak. Under the..

S. Korea doubles coronavirus relief package to $80 bn South Korea will double the size of its coronvirus relief package to 100 trillion won ($79.6 billion) to aid Korean companies, both big and small, and shore up financial markets. In the second emerge..

BOK broadens repo to ease liquidity crunch, opposes corporate bond purchase The Bank of Korea (BOK) joined the bond purchasing program of global central banks by expanding the target of its repurchase-agreement operations, or repos, beyond government securities to quasi-state..

Korea’s March 1-20 exports up 10% on year, but daily volume declines South Korea’s exports in the first 20 days of March grew 10 percent from the same period last year, mostly thanks to poor year-ago figure and additional working days. According to the data from the ..

Korea mulls second extra budget to fend off virus-driven recession South Korea is mulling a second extra budget as the trade-reliant economy is widely expected to shrink in the first quarter due to the broad economic fallout from the coronavirus pandemic. Talks of a ..

Korea producer prices in Feb slide as coronavirus weakens demand South Korea’s producer prices in February fell from a month ago as the coronavirus outbreak aggravated oil prices and domestic demand. The producer price index in February was 103.74, down 0.3 perce..

S. Korea, US sign $60 bn currency swap deal, eases FX and stock markets in Korea South Korea and the United States agreed to run a currency swap credit of up to $60 billion through September to jointly address disruptions in their markets from the shortage of the U.S. dollar amid ..

Seoul eases forward rule to bolster USD liquidity, but FX volatility persists South Korea has offered to ease foreign currency forward rules in the face of shortages of the U.S dollar due to surging greenback demand from the coronavirus pandemic. But the move fell short of curb..

BOK chief hints additional rate cut, unconventional action if instability persists South Korea’s central bank chief said there was still maneuvering room for the base rate to be brought down below the record-low 0.75 percent and indicted additional easing actions could be taken depe..

COVID-19 may push economy into L-shaped slump: S. Korea’s 1st Vice Fin min Global economy may fall into a long-term recession due to the fast spread of the new coronavirus across the world that would last longer than expected, South Korea’s top financial official warned, hin..

BOK cuts rate to 0.75% in joint emergency action against virus South Korea’s central bank made an emergency rate cut Monday of half a percentage point, sending the benchmark rate to a fresh record low in sync with monetary moves elsewhere as the world grapples wi..

Car sales dn 25%, department store revenue 31% in Korea amid COVID onslaught Car sales tumbled 25 percent and department store revenue 31 percent last month against a year-ago period after the surge in coronavirus (COVID-19) cases dampened cold waters on consumption in Korea, ..

BOK mulls emergency rate cut next week amid panicky Sell Korea South Korea’s central bank alerted Friday that it could hold an extraordinary monetary policy meeting to deliver rate action before the April 9 regular meeting, after Korean capital markets were batte..

Korean biz sector demands radical policy actions to contain virus damage The Korean business community said government measures to aid the economy from the virus outbreak were not enough and called for more radical actions including aggressive fiscal and monetary easing an..

S. Korea pushes hard to enable broader adoption of smart ID The South Korean government has raised the speed in migration to digital identification and electronic certificates.The Ministry of Land, Infrastructure and Transport on March 20 began allowing Korean..

Korea to hand out cash relief to 70% of population, defer social tax duties South Korea has joined other governments in handing out cash allowances to more than 14 million low- and middle-income households in its latest relief package to mitigate the economic impact of the co..

Korea to impose sweeping 2-wk quarantine on all int’l arrivals from Wed Anyone stepping into South Korea from April 1 will be required to stay isolated for two weeks regardless of their departure point and nationality as the number of coronavirus cases in the country tick..

Foreign car brands to recall 39,760 vehicles over faulty parts in Korea Volvo Cars Korea, GM Korea, Jaguar-Land Rover Korea, Audi-Volkswagen Korea and four other foreign car brands are ordered to recall 32 models, amounting to 39,760 vehicles, due to faulty components and..

Korean duty-free sales halved in Feb due to coronavirus outbreak South Korea’s duty-free sales were nearly halved in February as air travel came to a stop amid the surge of coronavirus cases in the country. Korean duty-free operators posted sales of 1.1 trillion ..

Seoul court says watchdog overstepped authority for punishing Woori Group chair A Seoul administrative court said the Financial Supervisory Service (FSS) overstretched its authority by penalizing the top executive of banks for mis-selling exotic derivative products, a ruling that..

Seoul warns criminal action or deportation if overseas arrivals disobey quarantine rule The South Korea government vowed “zero tolerance” against people violating self-quarantine orders and warned them of criminal action on nationals and deportation for foreign nationals amid rising infe..

Trump calls S. Korean leader for coronavirus medical supplies U.S. President Donald Trump called South Korean President Moon Jae-in to ask for medical equipment support in the U.S. amid the rapid spread of the coronavirus there, according to South Korea’s presid..

State lenders, big companies in Korea also run into trouble in raising money The coronavirus pandemic has begun to stifle funding-raising for state lenders and large companies in South Korea. Export-Import Bank of Korea (EXIM Bank) has raised $1.02 billion by issuing commerci..

Active seniors can be S. Korea’s new growth engine: Maeil Business campaign South Korea must actively incorporate the “young old” aged between 65 and 75 called “yold” to cope with thinning working population that threatens the country’s growth potential, experts advise.The co..

As many as 1,600 diners, bars go out of business in Seoul this month As many as 1,600 eatery and drinking locations, both upscale and casual, have gone out of business across Seoul so far this month as people work from home and keep social activities to the minimum ami..

Korea’s senior civil servants cut back salary to fight coronavirus South Korean senior civil officials have joined the austerity campaign as the coronavirus pandemic sparks fears of a recession despite record fiscal spending.In an emergency workshop held last Saturda..

Korean food firms enjoy a boon from stockpiling of shelf-stable foods in US South Korea’s food producers and retailers are running their operations in the U.S. at full capacity as Americans are stocking up frozen and shelf-stable food amid virus scare. The nation’s food gian..

Korean pres orders $38.7 bn worth aid package for SMEs and merchants South Korean President Moon Jae-in on Thursday gave an executive order on a 50 trillion won ($38.7 billion) worth relief package to help small- and mid-sized companies, merchants and self-employed peo..

Kosdaq-listed Toptec survives market crash as it readies to roll out nano-fiber masks Kosdaq-listed Toptec has launched a process to commercialize long-lasting face masks with a nano-fiber filter, a product that can aid dire shortage of face protection against virus. According to..

Electricity bill in South Korea can stretch near $20 bn over 5 years: SNU report Electricity bill will stretch 23.4 trillion won ($18.8 billion) in South Korea over the next five years as the result of government’s policy phase out of nuclear fuel that cost the country as much as ..

Korean film industry in jeopardy as virus spoils film release amid poor ticket sale The South Korean movie community hardly had time to celebrate the Oscar-sweeping feat of “Parasite” as hopes for a renaissance of the Korean cinema from the momentum were quickly dashed by the assault..

Showdown at Hanjin sprawls into mutual legal battle ahead of shareholders’ mtg The showdown between the management versus challenging shareholders’ alliance at Korean transportation giant Hanjin Group and parent of flag carrier Korean Air Lines has turned complicated, sprawling ..

Vision Korea presents active seniors as new hope for economic revival Maeil Business Newspaper will present the insights into Korea’s future led by active seniors at this year’s Vision Korea event, going online next Monday for availability to broader public. This year, ..

Korean lawmakers agree to pass voted-down internet banking bill South Korean lawmakers agreed to have another go at passing the revised version of the internet banking law in May to allow capital infusion for K-Bank, whose business has been in limbo for nearly a y..

EU to boost garment industry in Myanmar The new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’..

Report: Wage growth sluggish for Msian youths, low-income households KUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of Malaysians being “left behind”, reported the 1st edition of the World Bank’s Mal..

Japan Coast Guard to `eliminate` Chinese drones TOKYO -- The Japan Coast Guard plans to stop using and procuring Chinese-made drones in fiscal 2020 due to concerns over information security, Nikkei has learned. It will be the second case in which C..

Tesco may sell Thailand, Malaysia businesses LONDON: Britain`s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale. It said in a statement that ..

Baht concerns abound More than two decades ago, the baht suffered heavy devaluation as a result of speculation, forcing Thailand`s central bank to de-link the local currency from the US dollar and adopt a managed floating..

Singapore resident employment rate edges up but income growth slows: MOM SINGAPORE - The resident employment rate was slightly higher in June this year compared to the same month last year despite economic headwinds, according to an advance labour force report on Thursday ..

US promotes inclusive agriculture-led growth in Kachin State Myitkyina - US Ambassador Scot Marciel met with more than 60 members of the Kachin State agriculture sector in Myitkyina last Thursday, to discuss how the new US Agency for International Development (..

PM declares new tourism perks The government is set to revise the perks for investment in tourism and related services. Officials also pledge to introduce additional short-term measures to stimulate tourism during the high season..

Power shortages again in dry season, says prime minister Cambodia will face power shortages again from the end of this year throughout the dry season, Prime Minister Hun Sen said on Thursday. Speaking at the official launch of the National Strategic Develo..

Myanmar lags as ASEAN sees record FDI Foreign direct investment (FDI) into Myanmar still lags other countries in ASEAN, according to a report issued by the ASEAN Secretariat last week. The report ASEAN Investment Report 2019: FDI in Serv..

Foreign investors turned net buyers of Malaysia`s debt securities Foreign investors turned net buyers of Malaysia`s debt securities in September with total foreign holdings expanded to RM189.1 billion. This is after FTSE Russell decided to keep the country in the..

Viet Nam, Cambodia issue joint statement Viet Nam and Cambodia have issued a joint statement on the occasion of the Viet Nam visit by Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen from October 4-5 at the invitation of h..

Myanmar, Thailand accelerate plans to link, electrify Dawei SEZ Myanmar and Thailand will speed up development of a Special Economic Zone (SEZ) and deep sea port at Dawei in Tanintharyi Region, officials said during the 9th Myanmar - Thailand Joint Coordinating Co..

BoT optimistic about Q3 growth on tourism, stimulus Thailand`s economic growth in the third quarter is likely to improve from the second quarter`s reading, mainly thanks to positive tourism growth and the government`s economic stimulus measures, says t..

Vietnam GDP in first three quarters climbs to 9-year high Local gross domestic product (GDP) climbed nearly 7 per cent in the first three quarters of 2019, reaching its highest level for the last nine years. Director General of the General Statistics Of..

Evergrande partners with global leading automotive firms to bolster new energy vehicle dev. China`s conglomerate China Evergrande Group has joined hands with the world`s five leading automotive engineering and technology enterprises to further optimize its industrial chain layout in the new ..

Myanmar launches workplace guide to respecting local culture Foreign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potent..

Myanmar vows to take stricter action on illegal trade Myanmar will take strict action against illegal trade with the aim of substantially reducing the volume of fake or illegal products entering the market, said U Soe Win, Minister of Planning and Financ..

Thailand hosts 37th ASEAN Ministers on Energy Meeting Country Thailand`s Ministry of Energy has showcased its success in nominating Thai enterprises to win ASEAN Energy Awards 2019, with a total of 23 qualifying firms, setting a record for the highest number of ..

Cambodia Government unveils tourism masterplan to increase visitors The government is set to roll out the Four-Strategic Plan for Tourism Development aimed at reviving tourism in the Kingdom`s northern provinces, an inter-ministerial committee meeting has decided. ..

Korea, China to host online Asian version of Live Aid concert for COVID-19 Some of the biggest K-pop and Chinese pop names are coming together for a 2020 Live Aid concert to raise donations for coronavirus relief, with the event suggesting Beijing’s removal of restrictions o..

Netmarble ranks 6th in list of top mobile app publishers by sales: App Annie South Korea’s game giant Netmarble Corp. ranked sixth in the list of App Annie’s annual Top Publisher Award winners, making the top 10 list for five years in a row. App Annie, a provider of mobile da..

League of Legends’ Teamfight Tactics to be available on smartphones from Mar. 20 Teamfight Tactics (TFT) version of the massively popular League of Legends game will be available on smartphones from Friday. The game developer Riot Games announced earlier that gamers will be able..

Sister of BTS member to take her fashion brand global The older sister of J-Hope, a member of the South Korean superstar boyband BTS, has teamed up with media commerce platform KVLY to launch a new fashion brand for the global audience. KVLY said Wedne..

Netmarble pins high hopes on new releases to reclaim global status South Korea’s game developer Netmarble Corp. is expediting new mobile rollouts with an aim to enhance competitiveness of its core game business this year.According to industry sources on Sunday, Netma..

PUBG CEO to double as Krafton CEO amid Krafton IPO rumor The chief executive of South Korean game developer and publisher PUBG, renowned for its namesake hit survival shooter game PlayerUnknown’s Battleground (PUBG), will double as the head of its parent gr..

Korea’s League of Legends championship chooses not to proceed during virus outbreak The League of Legends PC game championship in South Korea decided not to proceed further without audience amid epidemic outbreak. Riot Games, developer of the massively popular League of Legends game..

BTS grabs fourth No. 1 on Billboard 200 with new album The South Korean boyband BTS scored their fourth No. 1 win on the Billboard 200 with their latest album “Map of the Soul: 7,” making it the fastest group to earn four No. 1s since The Beatles. “Map ..

BTS label Big Hit forms syndicate team for blockbuster IPO Big Hit Entertainment, the South Korean label behind the K-pop superstar BTS, has rounded up the underwriting team for its much-anticipated initial public offering. The entertainment agency has tapp..

Oscar-winning Parasite grosses $2.15 mn a day in N. America, ranks No. 1 in Japan South Korean director Bong Joon-ho’s Oscar-winning film Parasite continues winning streak in box office after sweeping awards across the world, grossing $2.15 million on Saturday alone in the United S..

BTS-related shares roar in the run-up to BTS comeback on Feb. 21 Shares related to the K-pop sensation BTS are rallying ahead of the boyband’s Feb. 21 comeback. Shares of DPC, an affiliate of STIC Investments, one of the major investors behind the group’s label B..

Oscar winner Parasite out to make fortune after achieving fame Having reached the peak in global fame through sweeping wins at the Academy Awards, Parasite is now out to make history for Korean and non-English motion pictures in fortune-making.It is poised to joi..

Korea’s hottest mobile game Lineage 2M rakes in $3.46 mn every day NCSoft’s mobile MMORPG title Lineage 2M, the most popular game app on the Google Play Store in sales, generates as much as 4.1 billion won ($3.46 million) a day on average, according to an analysis on..

Krafton faces IPO setback due to friction in management Krafton Game Union, South Korean game company behind hit survival shooter game PlayerUnknown`s Battlegrounds, may face a setback in its initial public offering (IPO) scheme after an abrupt business cl..

K-pop stars increasingly inspire global luxury fashion brands Reflecting their growing influence in the entertainment and young community across the world, K-pop stars are being sought by global fashion houses to become their faces and models.Adidas featured Bla..

Nexon to shore up mobile releases to redeem revenue and image After the much-hyped flop in the corporate sale plan, South Korea’s leading game developer Nexon Co. this year plans to redeem its name through releases of mobile versions in best-selling games and bu..

Parasite adds historic SAG Awards win, first for foreign-language film South Korean dark social satire film “Parasite” was crowned at the 2020 Screen Actors Guild (SAG) Awards for outstanding performance by a cast in a motion picture on Sunday for the first time for a fo..

Kakao M strengthens music contents business Kakao M, entertainment unit of South Korea’s top messenger operator Kakao Corp. has reorganized its record labels to strengthen content competitiveness. According to entertainment industry sources o..

Maekyung Media Group’s MBN Y Forum to kick off on Feb.18 Maekyung Media Group will hold MBN Y Forum, its annual youth mentoring forum, on February 18 at Jangchung Arena in Central Seoul.Under the theme of ‘LIFE is YOURS’, Maeil Business Newspaper and Maeil ..

Naver Webtoon takes over Korean AI startup V.DO Naver Webtoon, a content distributing subsidiary of South Korea’s biggest portal Naver Corp., acquired local artificial intelligence (AI) startup V.DO that has been supported by Naver’s startup accele..