LS Cable wins $82.6 mn high- and low-voltage cable deal in Singapore South Korea’s leading cable maker LS Cable & System Ltd. (LS C&S) has bagged a 100 billion won ($82.6 million) cable deal from Singapore PowerGrid Ltd., the company announced Friday. Under the contr..

Samsung Elec picks 28 next-gen tech projects for $32 mn support Nanotechnology-based brain tumor therapy project has been chosen among this year’s 28 research projects subject to Samsung Electronics R&D sponsorship. Samsung Electronics Co. on Thursday picked 28 re..

KT sets out on internal training program to groom 1,500 AI specialists by 2022 KT Corp., South Korea’s leading internet service provider determined to lead the global race in artificial intelligence (AI) technology, has announced a bold plan to groom employees as AI specialists...

SK Group in review after being approached by AirAsia for 10% equity invest South Korea’s SK Group is said to be considering buying about 10 percent of AirAsia Group, a Malaysian low-cost carrier strapped in liquidity woes due to COVID-19. Local media in Malaysian reported o..

Virus outbreak prompts digital and remote hiring by Korean Inc. South Korea’s telecommunications company SK Telecom Co. interviews aspiring recruits online this month amid lingering virus risks, the company announced Wednesday. Interviewees will receive the testki..

SK Global Chemical completes buyout of functional polyolefin biz from Arkema South Korea’s SK Global Chemical Co. has completed acquisition of functional polyolefin business from French chemical firm Arkema S.A., gaining traction for its growth vision through high value-added ..

Korean Air expects to see profit in Q2 on robust air cargo demand, cheap fuel South Korea’s No. 1 full-service carrier Korean Air Lines Co. extends stock rally this week as it is expected to report a strong turnaround in the second quarter on robust air freight business on top ..

Cheil Worldwide acquires China’s data analytics company ColourData South Korea’s top ad house Cheil Worldwide Inc. has bought China’s leading big data analytics service provider ColourData to strengthen its presence in China, the company announced Tuesday. Financia..

Korean steel makers opting to stay plugged off amid thin global demand South Korean steel makers are adjusting output as their key clients – automakers and builders – remains in the doldrums from COVID-19 pandemic impact. Hyundai Steel Co. will switch off ho..

Hanjin KAL opts to issue $246 mn bonds with warrant to back KAL recapitalization Hanjin KAL Corp., parent of South Korea’s flag carrier Korean Air Lines, announced Monday it will issue 300 billion won ($246.3 million) in bonds with warrant to back $800 million recapitalization sch..

Korean shipbuilding stocks extend rally on expectations for LNG boon South Korea’s top three shipbuilders’ stocks extended their rally on Wednesday as investors bet on increased chances of a winning streak in blockbuster orders in LNG carriers following a milestone dea..

Tender for controlling stake in Doosan Solus draws tepid interest The offering of Doosan Solus Co., battery copper foil and OLED material maker deemed sellable by creditors and its parent group, failed to draw meaningful bidders, putting a snag on the self-restructu..

S. Korean shipbuilders move step closer to inking $19.2 bn LNG deal from Qatar South Korea`s top three shipbuilders have moved a step closer to winning a $19.2 billion blockbuster deal from Qatar to build liquified natural gas (LNG) carriers that would help them cement their lea..

Doosan Heavy I&C gets another $1bn, raising total state bailout to near $3 bn South Korea’s state-owned Korea Development Bank and Export-Import Bank of Korea decided to hand out another 1.2 trillion won ($980 million) to Doosan Heavy Industries & Construction Co., which would ..

Kumho Tire to send office workers on 1-year rotational leave amid thin orders South Korea’s Kumho Tire Co. is sending its office workers to one-year paid leave by offering 70 to 90 percent basic salary during their voluntary furlough. When counting out union members, about 1,20..

Lotte Chemical goes all out to achieve its global top 7 vision by 2023 South Korea’s Lotte Chemical Corp. has revamped internally and externally under the goal of making the global top seven by 2030.Lotte Chemical recently introduced a new employment management system un..

Samsung Electronics adds NAND flash memory line in Pyeongtaek South Korea’s chipmaker Samsung Electronics Co. announced it has embarked on construction to add a next-generation fab devoted to NAND flash memory at its chip campus at Pyeongtaek, Gyeonggi Province,..

KT-led alliance for AI development adds more corporate big shots AI One Team, an industry-academic collaboration alliance to explore new business opportunities in the field of artificial intelligence (AI) led by South Korea’s telco major KT Corp. is joined by more ..

IBK to become Korea’s first bank to adopt voice ID verification South Korean state-lender Industrial Bank of Korea (IBK) said Sunday it will introduce a voice authentication service from June 5, which would be the first of its kind in the local banking industry. T..

Hyundai Motor, Hanwha Q CELLS to launch JV to recycle EV batteries into ESS South Korea’s Hyundai Motor Group and Hanwha Q CELLS under Hanwha Solution, the photovoltaic business arm of Hanhwa Group, have entered a joint venture to recycle used batteries from electric vehicles..

Inovio files suit against COVID-19 vaccine partner VGXI U.S.-based Inovio Pharmaceuticals filed a lawsuit against VGXI, a U.S. subsidiary of South Korea-based GeneOne Life Science, demanding key information required for the planned large-scale manufacture ..

SK Biopharm will use IPO proceeds for M&As to spur growth: CEO Cho Jeong-woo SK Biopharmaceuticals, Co., Ltd. under limelight for its growing power to compete in the global market is intent to make its Kospi debut a blockbuster to shore up its ammunitions for M&As. For SK Bi..

JW Holdings to export parenteral nutrition products to US market South Korea’s JW Holdings has signed an agreement to export its parenteral nutrition (PN) products to U.S. Baxter Healthcare, becoming the first Asian company to land clinical nutrition in the America..

Celltrion unveils positive preclinical data for its COVID-19 antibody med Pre-clinical data of Celltrion’s investigational antiviral antibody drug have shown a 100-fold reduction in viral load of COVID-19 with improvement in lung lesions to a normal level, suggesting its po..

Withus Pharm ahead of Kosdaq debut to exclusively produce Inventage’s hair loss shot South Korea’s Withus Pharmaceutical Co. said on Monday it has signed a partnership agreement with biotech firm Inventage Lab for exclusive contract production of the latter’s investigative hair loss t..

Korea’s first antibody test kit for COVID-19 closer to FDA’s nod with superiority data A new COVID-19 antibody test kit developed by Plexense Inc., a Korean immunoassay platform developer, has demonstrated superiority to already FDA-approved American and German comparators in sensitivit..

Nature Index brings spotlight to ‘K-quarantine’ technology, credits IT win The Nature Index has cast a spotlight on South Korea’s scientific power with its Nature Supplement on Thursday, crediting ICT technology and government’s R&D push behind the country’s success in the c..

AProgen doubles production scale in Korea to join top 3 in biosimilar capacity AProgen, a Korean biotherapeutics developer, has scaled up its production capacity to pose as a formidable challenge to global biosimilar names Samsung Biologics and Celltrion.The company said on Tues..

Celltrion’s blood cancer med Truxima garners WHO Prequalification South Korea’s biosimilar maker Celltrion Inc. announced Wednesday its blood cancer therapy Truxima has received the World Health Organization (WHO) Prequalification (PQ), making it the world’s first r..

Bioneer files for patent application of candidate COVID-19 therapeutics Bioneer Corporation, a Korean diagnostic equipment maker, has filed for patent application of its investigational compounds to treat COVID-19 under development with a local RNAi drug discovery company..

Medytox to jointly develop COVID-19 vaccine with Vaxine Pty Medytox Inc., South Korea’s top producer of botulinum toxin, has joined hands with an Australian biotechnology company Vaxine Pty Ltd. to develop a vaccine against COVID-19.According to Australian vac..

S. Korea ready to roll out COVID-19 test kit turning out result in 1 hr New COVID-19 test kits that can identify infection within an hour will soon be available in South Korea. According to industry sources on Monday, a few Korean vitro diagnostic companies, including S..

KT to come up with self-diagnosis app to detect virus infection within the year KT Corp. of South Korea backed by funding from Bill & Melinda Gates Foundation will turn out a self-diagnosis solution that can detect infectious disease infection and better respond to its spread usi..

Samsung’s Galaxy Watch cleared for ECG tracking in S. Korea Samsung Health Monitor, an electrocardiogram (ECG) monitoring app on Samsung’s latest smart watch, gained regulatory clearance to add Samsung wearable the feature of monitoring of key biosignals 24/7 ..

Seegene readying to bring a new test kit to address COVID-19 mutations Seegene, a leading developer of multiplex PCR technologies headquartered in South Korea, will soon file for marketing approval of its new COVID-19 test kit that is able to detect even mutations of the..

Samsung Biologics wins $231 million worth CMO deal from GSK Samsung Biologics Co., a biopharmaceutical business arm of South Korea’s Samsung Group, on Friday announced that it has signed a long-term contract manufacturing organization (CMO) deal worth $231 mil..

Naver’s LINE to add video medical counseling to its telehealth service in Japan South Korean internet giant Naver Corp. pushed its telemedicine experiment in Japan to a new level as remote doctor-patient care remains outlawed in Korea due to strong protests from medical society. ..

Sudden surge in global orders send Korean COVID-19 test makers scramble to hire Global orders continue to pour in as pandemic still ravages across the globe, keeping Korean production lines of COVID-19 test kits hectic to require extra hires that cannot easily come by. Exports o..

SK Holdings rallies on strong performance of two biotech subsidiaries SK Holdings’ share price gained nearly 3 percent Thursday afternoon on news its CMO arm SK Pharmteco will provide Virginia-based Phlow with active pharmaceutical ingredients (APIs) through Pharmteco’s..

Bioneer’s molecular diagnostic technology draws spotlight amid COVID-19 crisis South Korea’s Bioneer Corp. is expanding its presence and poised for further growth in the molecular diagnostic assay market, which has been traditionally dominated by large foreign companies. The com..

Wisebirds to stretch global reach via digital ad after Aug IPO South Korean advertising company Wisebirds Inc. on Friday shared an ambitious goal of becoming a global comprehensive digital advertising firm after going public on the Kosdaq in August. “The rapid g..

Foreign buying in futures create contango amid Kospi rally The futures index has exceeded the spot index in Korea as foreign investors restricted in short-selling amidst the COVID-19 volatility turned to futures buying to join the rally in the Kospi market. ..

Margin account balance at Korean brokerages tops $9 billion by early June The outstanding balance in margin accounts has topped $9 billion in South Korea as retailers continued with credit-financing stock investment since the bargain-hunting momentum during the COVID-19 tur..

Heated stock market to bolster Korean brokerages’ bottom line, stock prices The Korean securities category is expected to benefit from the heated stock market, lifting stock price and bottom-line outlook. Shares of Korean top securities firm Mirae Asset Daewoo jumped 12.5 pe..

Kakao launches crypto wallet to store 11 digital assets Kakao Group, the operator of South Korea’s top chat app KakaoTalk, has launched a crypto wallet service named Klip, allowing its 50 million users to have easier access to 11 crypto and digital assets,..

Hana Bank to update mobile app to make it serve as mobile branch Hana Bank is pushing digital banking service to a new level by offering all customer service on mobile app.The South Korea’s major commercial lender aims to make every service available at its app Han..

Shinhan, Hana join hands to participate in Africa syndication loan South Korea’s Shinhan Bank and Hana Bank have signed an agreement with African Export-Import Bank (Afreximbank) to participate in a $1 billion syndicated loan arranged by the pan-African multilateral ..

Kospi tops 2,100 for first time in 100 days on record extra budget South Korea’s benchmark Korea Composite Stock Price Index (Kospi) rallied on Wednesday to recover above 2,100 for the first time in 100 days as the government’s largest-ever extra budget of 35.3 trill..

Woori Financial Group to bump up Woori Bank equity capital by $821 bn Woori Bank will have its equity capital stretch by 1 trillion won ($821.2 billion) through assigning new shares to its parent Woori Financial Group, rebooting its firearms to back state campaign to re..

Korean brokerages raise price target for Samsung Elec on upbeat chip demand South Korean brokerage houses raised their price target for Samsung Electronics Co. as recovery in global chip demand revived foreign appetite in the bellwether blue-chip stock. Heungkuk Securities C..

BlackRock cuts shareholding in Posco, Kumho Petrochemical The world’s biggest fund operator BlackRock Inc. shed a partial stake in South Korea’s leading steel maker Posco and major chemical firm Kumho Petrochemical Co. as the companies’ stocks continued to b..

Hana Financial joins Woori for legal challenge vs FSS order on derivatives sanction Hana Financial Group joined its peer Woori in legal challenge against the administrative sanction on sale of derivative-linked funds after some of their overseas asset-backed derivatives caused major ..

IPO pipeline picks up life with $782 mn offering by SK Biopharma in June The initial public offering pipeline from Korea clogged by virus scare has gained life, led by blockbuster SK Biopharmaceuticals and bio or diagnostic kit names that have gained international spotligh..

Investors of HSCEI-linked ELS at risk of losing money amid political turmoil South Koreans with money in equity-linked securities (ELS) products that track Hong Kong’s Hang Seng China Enterprises Index (HSCEI) have turned panicky amid renewed economic and political uncertainti..

BTS label Big Hit Entertainment files for KOSPI IPO Big Hit Entertainment Co., the K-pop agency that is home to the boyband sensation BTS, has filed for an initial public offering in Seoul, on track with its plan to go public by the end of the year. ..

Hyundai Capital sells $650 mn ABS to three multinational banks Hyundai Capital Services Inc., an auto financing unit under South Korean auto giant Hyundai Motor Group, announced Friday it sold total $650 million in securities backed by auto receivables privately ..

Hanjin heiress union presses with legal battle to invalidate Hanjin KAL chair The battle over the control of Hanjin KAL Corp., the parent company of Korean Air Lines Co., has entered a new round after a three-way alliance led by Hanjin Group heiress Cho Hyun-ah filed a civil su..

Doosan Group opts for open tender for the stake in Doosan Solus South Korea’s Doosan Group will auction off its controlling stake in Doosan Solus Co., a battery copper foil and OLED material making subsidiary, after it has failed to narrow price gap in a closed de..

S. Korean securities issues fall sharply in April amid freeze in capital market South Korean securities issuance fell sharply in April as capital market remained cold under pandemic scare despite massive state-led corporate bond purchase program. Stock and debt issues by compan..

IMM PE signs definitive deal to acquire Kolmar Korea Group assets South Korea’s leading private equity fund (PEF) IMM PE has finalized a contract to acquire Kolmar Korea’s pharmaceutical business unit and Kolmar Korea Holdings’ subsidiary Kolmar Pharma in a restruct..

Korean hospital doctors throw support for controversial telemedicine The Korean Hospital Association (KHA), an interest group that represents local hospitals and their medical doctors, Thursday announced conditional endorsement to the introduction of telemedicine, an a..

Duty-free luxury stocks available online sold out within hours in Korea Nearly all of luxury items Shinsegae Group put up for sale online after the government authorized duty-free stores to domestically divest their stocks in emergency relief for their business idled from..

Seoul lifts barriers on retail FX and plans to launch air taxi in 2025 Koreans can have foreign currencies they exchanged electronically up to $2,000 delivered to the locations of their wishes soon and may be able to fly around the city on aerial vehicle within five year..

Korean refiners have fingers crossed for improved Q2 results on signs of demand pickup South Korean four refining majors who each finished their first quarter in worst-ever loss of near $1 billion have turned more hopeful of amelioration in the second quarter amid sharp pickup in fuel c..

S. Korea incurs $3 bn current-account deficit in April, largest since Jan 2011 South Korea incurred more than $3 billion deficit in its current account in April due to a rush of dividend payouts on top of the slump in exports that bruised its external balance to its worst since ..

S. Korea seeks $29 bn in 3rd extra budget, the bulk in new debt issues The fight to contain the virus spread and economic contagion from COVID-19 has stretched to 270 trillion won, or about 14 percent of this year’s estimated South Korean gross domestic product, with the..

S. Korean economy faces recession in Q2, with more than 2% fall: BOK South Korea has entered a technical recession in the second quarter with the gross domestic product (GDP) expected to finish this month in a contraction of more than 2 percent against three month earl..

Korea’s inflation falls 0.3% in May, turning negative again in 8 months South Korea’s consumer prices in May fell 0.3 percent on year, revisiting sub-zero territory for the first time in eight months amid subdued demand and weak oil prices under the pandemic. The consum..

Korea’s May auto sales dip 36.3% on year amid halved exports Sales of five Korea-based carmakers shrived for the third consecutive month in May as exports remained halved from factory shutdowns and tepid demand under virus pandemic. The five automakers –..

Seoul cuts 2020 growth outlook to 0.1%, based on record spending plan South Korea projected the economy to do its worst in more than two decades under virus pandemic impact, but vowed to keep grow in the positive territory through unprecedented fiscal spending and polic..

Korean banks see surge in savings cancellation, demand deposits amid virus Early withdrawal of installment savings shot up in South Korea due to the coronavirus-induced financial stress and record-low interest rate.According to Maeil Business Newspaper on Sunday, the nation’..

Q2 lost for Korean travel agencies, retail shops mostly out of business South Korea’s travel agencies and duty-free shops will deep further in the negative in money-losing business in the second quarter amid ongoing standstill in air travel due to lingering virus risk. K..

S. Korea exports in May plunge 23.7%, extending double-digit drop for 2nd month South Korean exports in May tumbled 23.7 percent, extending their double-digit decline as the coronavirus pandemic remained a drag on global demand. Outbound shipments plummeted 23.7 percent in May ..

S. Korea’s trade value likely to fall under $1 trillion 2020 amid double-digit fall in exports South Korea’s trade value is expected to fall short of $1 trillion this year in the fallout of pandemic after keeping up the threshold for three years. According to estimates from the Bank of Korea, ..

Online shopping list in Korea expands to durable goods amid COVID-19 spread Online shopping list expanded to durable goods like furniture and electronic appliances in South Korea as COVID-19 outbreak fueled online purchasing power.According to data study by CJ OliveNetworks o..

Korean LCCs, Doosan Heavy could get additional public fund relief Public fund to defend South Korea’s key industries during COVID-19 hard times may inject additional relief into low-cost carriers, but won’t help out SsangYong Motor unless creditors ask first, said F..

Loan delinquency rate from lodging and dining sector shoots up in Korea Loan delinquency rate has been on surge in alarming rate from the hospitality and restaurant businesses in South Korea as the sector has been hard hit by coronavirus, raising alarm about chain bankrup..

Korea’s April industrial output and factory activity at worst in 11 years South Korea’s industrial output and factory inactivity was at their weakest in 11 years in April due to poor external demand from virus pandemic. According to Statistics Korea on Friday, the seasonal..

Korean auto, auto parts makers will have to lay down tools next month as well Finished car makers and auto parts suppliers based in South Korea will have to temporarily halt production at home next month as well amid no signs of recovery in overseas demand. They had idled for ..

Bank of Korea sees -0.2% growth this year, the first contraction in 22 yrs The Bank of Korea (BOK) on Thursday projected the country’s economy to shrink 0.2 percent this year, which would be the first contraction since 1998 in the wake of the Asian financial crisis. The do..

S. Korean data exchange platform KDX employs AI to offer smarter data library South Korea’s KDX has employed artificial intelligence for smarter sourcing and data offer. KDX is the country’s first private-run data exchange platform. It collects data from local retail companies ..

Lone Star hints intent on out-of-court settlement with Seoul over KEB dispute U.S. private equity firm Lone Star Funds suggested it was open to “amicable and sensible” out-of-court option to settle the longstanding dispute with the Korean government over its investment in now-d..

S. Korean prosecutors seek arrest warrant against Samsung heir South Korean prosecutors have filed an arrest warrant for Jay Y. Lee, vice chairman of Samsung Electronics Co. and de-facto head of Samsung Group, over allegations for an accounting fraud and an illeg..

Seoul-Tokyo conflict over wartime claims, trade issues reignited Japan warned of retaliatory action should the South Korean court proceed with liquidating assets of Japanese companies to cover the claims for forced wartime labor they refuse to pay, snapping the loo..

Korea aims to develop COVID-19 cures within the year, vaccines by next year The Korean government is aiming to develop treatments for COVID-19 within this year and vaccines by next year, according to the health ministry outline on the COVID-19 timetable and systematic backup ..

Overseas account holders required to report to NTS by June or face fine South Korean nationals who have more than 500 million won ($410,644) in financial accounts overseas must voluntarily report to the National Tax Service (NTS) by the end of this month or face fine of u..

Internet and platform players Naver, Kakao eager to launch personalized data service A total of 116 Korean companies, including top portals Naver and Kakao, are interested in making business from packaging personal credit information, a new blue ocean to be created thanks to amendment..

S. Korea elevates CDC to standalone disease control tower Korea Centers for Disease Control & Prevention (KCDC) will be separated from the Ministry of Health and Welfare to become a stand-alone vice-ministerial level government agency on disease response. A..

POST COVID-19: Food can be the next goldmine for K-power via ICT convergence South Korea which achieved global spotlight with its quick and clever mix of IT and bio technologies to fight COVID-19 has gained momentum to push its convergence skill to build on food technology bas..

Korean CEOs pick Maeil Business Newspaper as best biz newspaper Maeil Business Newspaper was picked as the best economic and business newspaper of the year by South Korea’s top chief executive officers for the 16th straight year, according to a poll. The New Mana..

S. Korea to resume WTO complaint over Japan’s export curbs South Korea has decided to resume dispute settlement procedures with the World Trade Organization (WTO) over Japan’s export curbs against it, saying that Tokyo has failed to join efforts to settle the..

S. Korean govt teams up with shipbuilders to put all-electric ferry on waters by 2024 South Korea this week will kick off a public-private project to put an all-electric car ferry on waters by 2024. The Ministry of Maritime Affairs and Fisheries will be working with local shipbuilders..

Seoul used up half of 2020 budget, nearly all of two extra budgets by May The South Korean central government has spent about half of this year’s original budget and nearly all of two extra budgets created in March and April by the end of May, said the finance ministry as i..

Korea throws in a slew of tax incentives and deregulation to spur corporate invest Corporate stimuli through deregulation and tax incentives formed South Korea’s second-half policy strategy backed by record spending as the country faces its first possible economic contraction in 22 ..

Seoul to enable big companies to create venture capital to spur venture boom Big companies strictly restricted in owning financial units will be allowed to establish venture capital under their holding arm in hopes of spurring a new wave of venture boom to jump-start the Korea..

S. Korea’s Moon accepts Trump’s invitation to expanded G7 summit South Korean President Moon Jae-in accepted U.S. President Donald Trump’s invitation to join an expanded Group of Seven summit planned for the second half, Korea’s presidential Blue House said Monday...

KITA teams up with Startup Junkie to conduct startup testbed initiative in U.S. Korea International Trade Association (KITA) joined hands with Startup Junkie, a U.S. venture catalyst and entrepreneurial support organization, to help South Korean startups to establish business tes..

Full-scale US-China conflicts over Hong Kong may bruise S. Korean exports South Korean industries are on alert as the growing tensions between the U.S. and China that might revoke Hong Kong`s trading privileges could mean a significant increase in logistics costs for many e..

Agoda, Booking.com promise not to force bottom rates on Korean hotels Foreign online hotel reservation agencies complied with voluntary remedial orders from Korean antitrust authority and offered to remove the provision enabling them to force domestic lodgers to provide..

Seoul to package 3rd extra budget in more than $20 bn to fight COVID-19 The government and ruling Democratic Party of Korea on Monday agreed to package this year’s third supplementary budget in another record level of over 30 trillion won ($24.4 billion) as the economy is..

How Gojek’s technology provides hope and a sense of normalcy amid the COVID-19 outbreak During the COVID-19 outbreak, it is easy for people to feel a sense of despair because of uncertainty about the present and the future, especially regarding health and the economy. That is why Indone..

Prime Minister calls for more investment in key economic zones HÀ NỘI — Provinces and cities in key economic zones must take the lead in recovering economically after the COVID-19 pandemic by attracting investment from large corporations and tran..

Covid-19 has been a ‘roller-coaster ride’ for Asia’s food delivery business, says Foodpanda Asia CEO The Covid-19 pandemic has fuelled a new appetite for food deliveries in Asia and around the world as more people work from home but it has also brought urgent challenges for the industry, says the reg..

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..

Global K-Wave Fair held online from May to Aug, idol concert set for June 13 This year’s Korean Wave Fair will be held online from May 13 to August, said its co-sponsor Korea Trade-Investment Promotion Agency (KOTRA) Tuesday. The agency hosted the event since 2010 by touring o..

Korean games gaining ground abroad as pastime favorite amid virus South Korean game labels are enjoying an atypical boon in springtime as stay-at-home pastime across the globe under virus pandemic. According to industry sources on Tuesday, mobile game “Summoners W..

BTS-featured hydrogen pitch from Hyundai Motor draws 100 mn views Hyundai Motor Co.’s ‘global hydrogen campaign’ video featuring K-pop superstar BTS achieved more than 100 million views on YouTube in just 27 days since its release, the South Korean auto giant said T..

Blade & Soul mobile hits Asia, FIFA Mobile readying release in June South Korea’s game giants Nexon and Netmarble are rushing with mobile title releases to capitalize on the gaming boom as pastime under virus impact. Nexon held an online showcase of EA SPORTS™ FIFA ..

World Knowledge Forum shares 300 videos of influential speakers on YouTube World Knowledge Forum (WKF) has uploaded more than 300 videos on its official YouTube channel, opening up some of its most insightful talks from world-renowned speakers. Launched in 2000, WKF is Asia’..

Korean baseball team NC Dinos gains fans in N. Carolina amid sports shutdown in US South Korean professional baseball club NC Dinos now has fans in North Carolina as American avid baseball lovers tuned into the opening games in Korea with envy as sports are still under shutdown in t..

Korean music apps go smart, personal with AI ahead of Spotify arrival South Korea’s music streaming platforms have reinforced personalized playlists based on artificial intelligence (AI) technology and big data analysis as they face the arrival of Sweden-based music str..

Korean game publishers turn eager on e-sports matches for bigger global reach South Korean game developers and publishers have turned eager to host e-sports tournaments to reach out to bigger global gamers. PUBG, renowned for survival shooter game PlayerUnknown’s Battleground, ..

2020 LoL Champions Korea spring finals finish with a live-stream watched by over 1 mn The League of Legends Champions Korea (LCK) 2020 spring playoffs closed Sunday with the winner of SK Telecom’s esports team T1 at the LoL Park Arena in Seoul, watched by 1.07 million viewers worldwide..

NCSoft Lineage 2M to release update for cross-server dungeon on Apr 29 South Korea’s leading online game developer and publisher NCSoft Corp. will release an update for its popular mobile MMORPG title Lineage 2M to add a new cross-server dungeon for gamers worldwide on A..

Kakao’s comic app Piccoma makes big inroads in Japan South Korea’s top messenger operator Kakao Corp. has made meaningful inroads into the manga-obsessed nation of Japan with its comic app platform Piccoma. Kakao’s Japanese subsidiary Kakao Japan on S..

SK Telecom’s esports team T1 signs sponsorship deal with BMW SK Telecom Co.’s esports joint venture, T1 Entertainment & Sports, said Thursday it struck a sponsor partnership deal with BMW Group, making it the first Korean sports club to draw sponsorship from th..

SM Enter, Naver launch concert livestream service “Beyond LIVE” for overseas fans South Korean music label SM Entertainment has teamed up with the country’s internet giant Naver Corp. to reinforce K-pop platform for overseas fans. SM Entertainment announced Tuesday it has signed ..

New game pipeline from Korea packed in Q2 to dominate stay-at-home pastime South Korean game developers are speeding up launch of new titles in the second quarter to capitalize on the stay-at-home lifestyle across the globe under pandemic threat. The country’s leading game ..

Korea’s dalgona coffee creates sweet splash across the globe under stay-at-home order Making a sweet in the Korean style has emerged as a new universal pastime amid global stay-at-home lifestyle under virus threat.The recipe for the creamy latte drink is simple enough: instant coffee, ..

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..