Cash hoard of Korean game companies shrinks 42% in H1 Cash hoard of South Korean game companies has thinned by more than 40 percent due to spending mostly unrelated to their core game business amid stagnant earnings. According to disclosures with the Fi..

Korea and U.S. jointly form $215 mn fund to help Korean startups go global South Korean government-invested venture fund and a group of U.S. venture capital will launch a joint funds of fund worth $215 million to back global competitiveness of Korean startups.According to th..

Hyundai Ioniq 6 setting record with preorders, shipments advanced since last week The first all-electric sedan Ioniq 6 is set to become Hyundai Motor’s next prized model as its preorders neared 50,000 units in the first three weeks, setting a new record for the Korean carmaker. Ac..

Super-strong USD hampers with Korean capex plans in US and income prospects South Korea’s household conglomerates eagerly indulged the U.S. president on Buy American campaign with multibillion-dollar long-term investment pledges in the United States, but whether they could li..

IRA is double-edged sword to Korean businesses: SK Chief SK Group Chairman Chey Tae-won has called for a careful and rational responses to the recently enacted U.S. Inflation Reduction Act (IRA) favoring domestically produced electric vehicles, as it is not..

Samsung tapped to supply 5G equipment to U.S. top cable operator Comcast South Korea’s Samsung Electronics would equip Comcast, the largest cable operator in the United States, in 5G solutions to back its value-added mobile connectivity services.The Korean IT giant will de..

Lotte, Hanjin join Korea’s list of marginal firms incapable of affording debt interest South Korea’s retail giant Lotte Shopping and transportation mogul Hanjin KAL remain on the list of marginal firms that can’t pay interests on debt from earnings as they have not fully recovered from ..

Global chip shortage will resolve next year from subdued demand: Renesas CEO Global chip shortage that has disrupted automobile output and related industries for two years will likely be resolved by middle of next year as demand subdues from fast rises in inflation and interes..

Hyundai Motor, Kia to roll out China-exclusive electric SUVs South Korean auto giant Hyundai Motor and its sibling Kia plan to introduce electric SUVs specifically tailored to the Chinese market next year in hopes of regaining their ground in the world’s bigges..

GS25 partners with BPDR to make exclusive wine for Korean market GS Retail has joined hands with the Rothschild family to develop its own wine label exclusively for the Korean market as part of its plan to open about 200 flagship liquor convenience stores across th..

Samsung may discuss joining Arm pre-IPO scheme when Softbank Son visits Seoul South Korea’s Samsung Electronics Co. may discuss joining a pre-IPO scheme over British chip design house Arm Holdings Ltd. if it gets the offer from Softbank Group founder and chief Masayoshi Son due..

Korean Air Lines shows off unmanned stealth aircraft at DX Korea trade fair Korean Air Lines is showcasing stealth unmanned aircraft at DX Korea 2022, Asia’s largest ground weapons trade show running this week in South Korea. The Korean commercial flight giant, which is act..

POSCO furnaces to be fully normalized yearend or next year, but deliveries unaffected POSCO said on Wednesday it will gradually resume operations of all furnaces and collaterals hit by Typhoon Hinnamnor two weeks ago over the next three to four months and in the meantime will meet orde..

Hyundai Mobis and 9 other Korean Inc. never missed a quarterly profit for 22 years Retailer Shinsegae and Hyundai Mobis under Hyundai Motor Group made a select 10 list among listed Korean companies who have never been in the red from operation for the past 22 years. According to Se..

KG Mobility becomes largest shareholder to SsangYong Motor with 61.86% South Korea’s KG Group has officially come to command SsangYong Motor Co. after its unit KG Mobility completed acquisition of a controlling stake in the SUV-focused carmaker. According to its disclos..

Korean panel makers look over their shoulder amid Chinese migration from LCD to OLED Korean panel makers now primarily engaged in OLED after surrendering LCD to Chinese rivals would have to look over the shoulder as Chinese producers could migrate faster to the premium display amid wa..

Ford mgmt visits LGES, SK in Korea to discuss IRA under solid battery alliance American automotive giant Ford Motor’s management has visited its strategic battery partners in South Korea to strengthen ties and discuss ways to address challenges from White House’s new Inflation R..

Hyundai E&C wins $160 mn port facility construction deal in Kuwait South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) has won a $160 million deal to add seven berths and improve aged port facilities at the port of Shuwaikh in Kuwait in a joint venture..

Amorepacific to sell 60% in Pacific Package to Autajon to enhance partnership in France Amorepacific Group will sell 60 percent stake in wholly owned packaging subsidiary Pacific Package to French firm Autajon as the South Korean beauty giant turns more aggressive in seeking new markets ..

LG Innotek reviews Mexico plant expansion to overcome trade barriers LG Innotek, South Korea’s electronic component manufacturer, is reviewing the expansion of its plants in Mexico and Poland to bolster regional production in a preemptive move to deal with intensifying..

Bosung Group attracts $2 billion investment to build large data center in Korea South Korea’s construction and energy company Bosung Group has succeeded in attracting investment to build a large-scale data center in SolaSeaDo, Jeonnam Province, boosting its project development ca..

Hanmi Pharm shares down on FDA panel’s disapproval of fast-tracking poziotinib Hanmi Pharmaceutical shares weakened on Friday on negative developments in the U.S. over its investigational non-small cell lung cancer (NSCLC) drug poziotinib, which was licensed out to U.S. partner ..

Hanmi’s poziotinib faces uncertainty due to unfavorable feedback from FDA scientists Hanmi Pharmaceutical’s clinical development program of its investigational non-small cell lung cancer (NSCLC) drug poziotinib has hit a snag due to unfavorable opinions from the U.S. Food and Drug Adm..

Seoul to open 2nd global support center for Korean startups in India The Seoul Metropolitan Government will open its second global startup support center in Bengaluru, India, next month as part of its long-term plan to set up a total 10 startup support centers around t..

Samsung Bioepis, Genentech settle bevacizumab patent dispute Samsung Bioepis and Genentech have agreed to voluntarily dismiss all claims and counterclaims in their Avastin (bevacizumab)-related patent disputes, allowing Samsung Bioepis’ biosimilar to be prescri..

Sillajen licenses onco drug from Swiss biotech for survival Sillajen Biotherapeutics has signed an agreement to license an investigational oncology drug from Switzerland-based Basilea Pharmaceutica International, the Korean biotech firm said in a regulatory fi..

Wells Bio’s new HPV test cleared for marketing in Korea, to target Latin America A molecular diagnostic kit for human papillomavirus (HPV) independently developed by Wells Bio has received marketing approval by Korean health authorities, the company’s parent Access Bio said on Mon..

Celltrion’s cancer biosim Vegzelma cleared in UK Celltrion’s cancer drug Vegzelma, a biosimilar referencing best-selling Avastin (bevacizumab), was approved for marketing from Britain’s Medicines and Healthcare products Regulatory Agency (MHRA), the..

LG Chem files IND for Phase 3 study of gout drug in Spain South Korea’s LG Chem has submitted a Phase 3 clinical trial protocol of its investigational gout treatment drug to the Spanish Agency of Medicines and Medical Devices (AEMPS). The Phase 3 clinical t..

Dong-A ST inks equity investment and license deal with Nasdaq-listed NeuroBo Dong-A ST has agreed to make an equity investment with Nasdaq-listed NeuroBo Pharmaceuticals and transfer its treatment candidate for nonalcoholic steatohepatitis (NASH), obesity and type 2 diabetes, ..

LG U+ envisions transition to platform player with its lofty “U+3.0” vision South Korea’s third-largest wireless carrier LG Uplus will expand the portion of non-telecom sales to 40 percent and boost its corporate value to 12 trillion won ($8.6 billion) in 2027 by transitionin..

Mobile, medical sectors to have access to MyData in Korea South Korean telecommunications companies and medical institutions will be allowed to obtain personal administrative information that is currently available only to administrative agencies and financi..

S. Korea fines Google, Meta $71 mn for privacy violations South Korea’s privacy authority has slapped Google and Meta Platforms, formerly Facebook, with a combined 100 billion won ($71.9 million) fine for violating the country’s privacy law that bans the col..

Osstem Cardiotec relocated to Korea’s largest stent production facility Osstem Implant, the world’s largest dental implant company, Wednesday announced the relocation of its unlisted subsidiary Osstem Cardiotec’s headquarters and ramp-up to command the largest production ..

Voronoi grabs $482.2 mn license deal with U.S. biotech firm METiS South Korean precision medicine company Voronoi has entered a license agreement with METiS Therapeutics for the development and commercialization of its proprietary oral kinase inhibitor, which has po..

Korean bio industry on its toes after Biden chooses bio as next US-first target South Korean biotech companies are on their toes as bio and pharmaceuticals are set to become next after chips and batteries to fall under U.S. mandate to be sourced on U.S. territories for incentives..

Hanmi’s neutropenia medicine cleared by FDA after third attempts Neutropenia drug Rolontis developed by South Korea’s Hanmi Pharmaceutical has been finally approved by the U.S. Food and Drug Administration (FDA) after third attempts for marketing authorization in t..

SK bioscience files for WHO emergency use listing for Korea’s first homegrown vaccine SK bioscience has started a process for emergency use listing (EUL) of its Covid-19 vaccine SKYCovione with the World Health Organization (WHO), the company said on Thursday. SKYCovione is South Kor..

Naver, Kakao in horserace over super AI with differing target and approach Korean big-tech names Naver and Kakao are in horserace in development and application of super-sized artificial intelligence (AI) in differing fields.According to sources on Tuesday, Naver is trying t..

Korea’s LCT Hospital steals limelight at ISTA conference with joint surgery robot LCT Hospital, a Suwon-based orthopedic surgery hospital, has come under limelight for impressive patient outcomes in the employment of self-developed joint surgery robot Dr. LCT at the 2022 Internatio..

KRW at weakest vs USD since crisis times draws crisis-like response from Seoul authorities The Korean won is performing at its weakest since 1997 Asian liquidity crisis and 2008 global financial crisis to build a crisis-like ambience for South Korea as the downside for the local currency is..

FSS finds over $7 bn dubious overseas remittances related to crypto arbitrage South Korean financial watchdog has uncovered over $7 billion in dubious overseas money transfers suspected of being related to arbitrage trading in cryptocurrency. The Financial Supervisory Service..

BOK may study rate hike in 50bp Oct, to exchange currencies with NPS to ease USD Bank of Korea (BOK) could move faster with rate increases to match the galloping pace of rises in U.S. rates and enable the National Pension Fund to use some of its foreign exchange reserves in desper..

USD-KRW above 1,400, 3-yr bond at 4% as Korean markets panic on tightening speed South Korea will respond with a “broad and long perspective” to the local market repercussions from a “lengthier and stronger than expected” U.S. tightening cycle, while taking “timely” actions to sta..

Korea Inc. rush to repay bonds amid surging yields South Korean companies have continued repaying their maturing corporate bonds as they have decided to postpone or cancel their investment plans amid growing uncertainties over the global economy and s..

KT Cloud issuing near $600 mn shares to raise funding to maintain lead KT Cloud, cloud and data center spinoff from Korean telecom giant KT Corp., is set to attract funds worth 800 billion won ($573.06 million) from multiple capital from home and abroad betting high on t..

Four out of 10 Korean stocks defeated in market value during pandemic 3 years Secondary battery category has been the primary winner, and cosmetics and retail stocks as losers on the Korean stock market over the last three years under the pandemic influence. Nearly four out of..

Mirae Asset Global tops commercial property buyer list amid lush offering in Korea Big asset management companies made most of lush offerings of commercial sites in South Korea amid fizzled real estate boom, adding 20.8 trillion won ($14.9 billion) worth commercial property riches i..

Kbank gains go-ahead for IPO, but may opt to wait out until next year South Korea’s first app-based lender Kbank has been cleared to go public, but whether it will proceed with the initial public offering within the year is uncertain, given the lackluster demand and mar..

Kosdaq-bound WCP shaves IPO price 40% upon tepid institutional demand W-Scope Chungju Plant (WCP), a South Korean secondary battery separator manufacturer, has priced initial public offering (IPO) at 60,000 won ($43.18) apiece, 40 percent axed from top guidance, and wit..

Four out of 10 Kospi stocks performing worse than 10 years ago Four out of ten Kospi stocks value less than 10 years ago, with retreat most heavy in shipbuilding, heavy industries, construction, and insurance. According to the Korea Exchange on Sunday, 280 or 36...

Korean PEF Centroid owns U.S. upscale golf course operator with Clearlake Capital Korean private equity firm Centroid Investment Partners (Centroid) has become co-owner of Concert Golf Partners, a boutique operator of 25 renowned private golf and country clubs in the United States,..

Korean investors turn to Brazil, India, Indonesia funds with handsome returns Funds investing in emerging market equities are flying high despite the global recession fear, making them attractive investment options for Korean investors stressed out from local market slump. Th..

SM shares soar on early termination of royalty payment to Like Planning Shares of South Korea’s music label SM Entertainment Co. soared nearly 20 percent Friday after reports that the entertainment giant may save money from potential early termination of its royalty-payin..

USD/KRW flirts with psychologically important 1,400-mark The Korean won is flirting with the psychologically important 1,400-mark against the U.S dollar on Friday even after the local government’s verbal intervention made on the previous day. The won opene..

Seoul readying all possible means as the downside for KRW widens on galloping US inflation Seoul authorities are readying “all possible means” to slow the Korean currency heading towards 1,400 won against the U.S. dollar as the downside for the local currency widened on the growing possibil..

Hanjin KAL shares nosedive after end of hawkish takeover attempt Shares of Hanjin KAL, parent of South Korea’s No. 1 full-service carrier Korean Air Lines, have plummeted 33 percent just over 10 days after the years-long proxy fight raised by an activist fund to ta..

Korean retailers drawn to Japanese stocks amid cheap yen and robust market outlook South Korean mom-and-pop investors have turned to Japanese stock market, performing relatively stable versus other markets with added appeals of a cheaper yen and expectations of revived economy once ..

S. Korea’s IPO calendar for this month packed, with WCP to raise the heat South Korean IPO market is poised to regain vitality, with more than 10 candidates readying debuts including highly-anticipated WCP from the hot battery materials category. Over the next two weeks, 1..

Foreigners keep up net buy in Korean shares and shift to net sale in debt Aug Foreign investors kept to buying position on South Korean stocks for two straight months last month, whereas appetite for the country’s debts subdued amid fast rises in interest rates in the U.S. and ..

S. Korea attracts $1.15 bn investment in chip, battery from seven NA firms Seven North American companies in the fields of chips, electric vehicles, energy and logistics pledged a combined $1.15 billion investment in South Korea to strengthen cooperation between the two nati..

KEPCO’s deficit can come under control if residential power rates are upped by 52 times Korea Electric Power Corp. (KEPCO) needs to raise its monthly residential electricity bills by more than 80,000 won ($57) to stop and cover the yawning losses for the state power monopoly. KEPCO’s e..

Korea’s trade deficit streak to extend to 6th month, red as of Sept. 20 nears $30 bn South Korea’s trade data so far this month suggests a deficit streak for the sixth month for the first time in 25 years with exports turning negative for the first time in nearly two years on softer d..

Korea’s economy to slow to 2.2% next year after inflation at 24-year high this year: OECD The Organization for Economic Cooperation and Development (OECD) projected South Korea’s annual inflation would hit 24-year high of 5.2 percent this year and stay near 4 percent next year, when econom..

Inflation peak may not arrive in Oct for Korea as Seoul reviews bigger utility hike South Korea’s inflation may not peak out from the 24-year high levels in October as hopped by authorities as the government inevitably may have to push utility fees higher due to unfazed strengthening..

Seoul authorities keep watch over bank bids for USD amid waning options to defend KRW South Korean banks have been asked to report bids for U.S. dollars on hourly basis to Seoul authorities struggling with steep fall in the local currency amid lack of defense option against super-stron..

Korea’s auto output, exports, domestic sales all up in August South Korea’s automobile output, exports and domestic sales all grew in August against a year ago for the first time in 19 months, data showed. According to the Ministry of Trade, Industry and Energ..

S. Korea’s job addition slows down in August for 3rd month in a row South Korea added more than 800,000 jobs from a year ago period, with its unemployment rate reaching an all-time low, but the growth has slowed for the third consecutive month amid growing economic un..

Manufacturing inventory levels rise fast in Korea, sign of economic slump: report Manufacturing inventory levels have spiked in South Korea mainly due to the cooling demand from runaway inflation, aggressive monetary tightening and the ongoing Russia-Ukraine war, signaling an econo..

S. Korea’s Q2 overseas direct investment falls 26% vs Q1 amid rate hike fears South Korea’s overseas direct investment in the second quarter fell 26 percent from the previous quarter as companies and individuals became warier of interest rates hike. The country’s overseas dir..

Consumer confidence in housing market hits all-time low in S. Korea in August Consumer confidence in South Korea’s housing market tumbled to an all-time low in August as the climbing interest rate has dampened real estate demand, leading to a fall in housing prices, data showed..

S. Korean gov’t reports $62 bn deficit in Jan-July despite tax revenue growth The South Korean government ran a deficit of 86.8 trillion won ($62.3 billion) for the first seven months this year even as tax revenue increased by nearly 40 trillion won. The Ministry of Economy a..

Koreans now pay much higher for food including comfort food ramyeon South Korean consumers face much higher costs for food, ranging from the nation’s comfort food ramyeon to chips and fresh agricultural products as local food companies are under heavy inflation burden..

Korea’s state retirement pension payment for 2022 forecast to hit record high South Korea’s state pension payment to the retirees is estimated to exceed 30 trillion won ($21.5 billion) for the first time this year, raising concerns that the country’s pension fund would be compl..

Korea Inc faces multiple whammies on worsening forex terms The upward spiral in the U.S. dollar brings crisis-like business environment for trade-reliant Korea Inc. Weakening of the Korean won to the levels of the wake of the 2008 Wall Street meltdown has d..

Fiscal deficit must not exceed 3% of GDP by law in S. Korea The South Korean government would fall under a legally-binding mandate to manage the fiscal deficit under 3 percent of the gross domestic product as it endeavors to restore public finance after unprec..

Both Korean exports and imports fall by double digits, deficit at $2.4 bn Sept. 1-10 Both exports and imports by South Korea fell in double digits in the first 10 day of September, with outbound shipments shrinking in steeper pace to suggest deficit streak in the trade balance for the..

Strong USD vs KRW adds to inflation, BOK says to suggest lengthier tightening campaign The U.S. dollar surge of near 10 percent against the Korean won in the first half has pushed up Korean consumer prices by 0.4 percentage point to suggest inflation running high for some time, given th..

Seoul scrambles to slow steep KRW dip vs USD amid first goods deficit in 10 yrs South Korean authorities are scrambling to slow the steep rise in the U.S. dollar against the Korean won as the current-account balance is looking at a deficit after incurring the first red since 2010..

Korea’s tax revenue could fall short next year as govt bases relative upbeat data South Korean government could fall short of tax revenue target next year as it has based economic forecasts more sanguine than what the central bank and most institutions project amid deteriorating tr..

Korea leveraging on US-led alliance to secure materials for batteries and high tech The South Korean government and large conglomerates are leveraging on U.S.-initiated alliance to preemptively secure critical minerals like rare earth elements, lithium and cobalt that are essential c..

WKF: Global tightening cycle only half-done, with stagflation to last till 2024: Dalio The world is only halfway into the monetary tightening cycle and the battle with runaway inflation, and the global economy is looking at tough two years ahead under stagflation – economic stagna..

WKF: Machine to evolve from learning to teaching, making human decision more crucial Machine learning is fast advancing to be able to teach humans, making human command in the decision-making end role more important, according to Professor Eric Xing, President of Mohamed bin Zayed Uni..

Namyang Diary owner family ordered by court to hand over controlling stake to PEF Hahn & Co South Korean private equity firm Hahn & Company has won its lawsuit against Namyang Dairy Products for unilaterally terminating a deal over the controlling stake in the dairy company. The Seoul Cent..

WKF: Liberal democracies lead to better quality in decision making: Fukuyama Despite waning confidence in the democracy institution, the system respecting diversity and debate serves better for global peace and prosperity as they would not come to “questionable” and overbearin..

WKF: Globalization to evolve in the form of mini or ally-shoring Globalization will likely pan out in different form, mostly through friendshoring, or allyshoring, by relying manufacturing and sourcing within a group of countries with shared views as multilateral t..

German car brands top in recalled rates in South Korea over five years German cars remaining best sellers in South Korea among import brands also have been most frequently recalled car brands in the country over the last five years. According to the data from the Minist..

WKF: Ownership and interoperability features of Web 3.0 to open vast opportunities Ownership and interoperability will become more distinguished and open vast opportunities for both game consumers and developers in the age of Web 3.0 based on blockchain and NFT technologies, accordi..

WKF: Strong U.S. protectionism can upset ties with traditional allies like South Korea: Joseph Nye The U.S. protectionism is deepening in the face of Chinese ascent, baffling traditional allies like South Korea with a series of Buy Americanism laws including the CHIPS and Science Act, observed Jose..

Stokke expanding in S. Korea, betting on picky parenting amid bottom birth rate Scandinavian luxury baby gear maker Stokke is undeterred by the world’s lowest birth rate by expanding eagerly in South Korea upon finding Korean young moms and dads saving little to lavish their chil..

WKF: Fed’s rate hikes may stop as early as end-2022, says Nobel laureate Krugman A global recession would end within one or two years, and the U.S. Federal Reserve would reverse its course on rate hikes as early as the end of this year, Nobel Prize-winning economist Paul Krugman s..

WKF: Inflation in 3% may become new target after strong inflation fizzles out Multi-decade-high inflation in the United States will die down next year, but the headline consumer price index data returning to the 2 percent target level won’t be easy, economists projected at the ..

Seoul officially includes nuclear energy in green taxonomy The government under President Yoon Suk-yeol out to undo reactor phase-out policy of the past administration is officially classifying nuclear energy as green and sustainable taxonomy. The Ministry o..

Renewables exceed nuclear in Korea’s energy capacity, may change after nuclear joins taxonomy Renewable energy source facilities– mostly solar panels – took up more than 20 percent of South Korean power generating capacity for this year, greater than 17.3 percent from nuclear react..

KENTECH kicks off renewable power grid project in partnership with companies Korea Institute of Energy Technology (KENTECH) has launched its first large-scale energy research project since the school’s inauguration in March this year to explore a new power grid ensuring effici..

Tech multinationals like Google and Apple report $3 bn revenue to Korean authorities Tech multinational like Google and Apple registered earnings of 4 trillion won ($2.88 billion) from Korean operations last year According to data obtained by Democratic Party Rep. Jin Sun-mee from th..

FTC probes SSG.com for suspected violation in fair transaction rules South Korea’s antitrust agency has launched a probe into the country’s retail giant Shinsegae Group for possible forcible actions on contract-based workers and vendors using its dominant influence in ..

Korean military against making BTS an exception for conscription South Korean military authorities do not have any intention of adding more cases for supplementary duty to enable an exemption for full military service for K-pop superstar BTS despite public poll res..

WKF: World leaders call for freedom and alliance to fight common challenges Europe invites stronger alliance with South Korea from technology value chain to security and climate changes to address common challenges from pandemic to supply crisis from the protracted Russia-Ukr..

Asia’s biggest startup convention Try Everything to run on Sept. 21-23 in Seoul Promising startups, investors, and accelerators from around the world will come together at Dongdaemun Design Plaza (DDP) in Seoul for Asia’s biggest global startup convention ‘Try Everything 2022’ th..

Indonesia trimming palm oil stocks with discounts, India sales Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month`s Diwali festival,..

Jeju Air to open direct Manado-South Korea flight in tourism bid South Korea’s Jeju Air has inked a deal with the North Sulawesi administration to offer direct flights between Manado and South Korea. Jeju Air CEO Kim E-bae and North Sulawesi Governor Olly Dondokamb..

Saigon Hi-tech Park attracts $12b worth of investment over 2 decades HCM CITY — The Saigon Hi-tech Park (SHTP) in HCM City has attracted more than US$12 billion in domestic and foreign investment since its establishment 20 years ago. Speaking at a meeting last w..

India’s rice export ban paralyzes trade in Asia as prices rise India`s restrictions on rice exports have paralyzed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller is holding off on deals as prices ris..

Domestic instant noodle consumption growing 20 per cent annually HÀ NỘI — Việt Nam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA). The ..

Coal far from ‘dead’: prices to remain high, IPO still lucrative The coal-mining sector will likely still be one of Indonesia’s key-growth drivers in years to come, despite the country’s steady shift to renewable energy, as the “black gold” commodity prices are poi..

QR payments help small vendors HÀ NỘI — Despite having no small cash in his pocket, Hoàng Dương can still pay for his cup of tea to a vendor in Quán Thánh street, Hà Nội, by scan..

Jokowi : RI must boost downstream investment, take over global green market Indonesia will pursue greater production in downstream industries and take over the world market in green products, President Joko “Jokowi” Widodo said on Tuesday. Jokowi noted that Indonesia’s commit..

NTU Singapore, RGE Group launch joint research centre to tackle textile waste As the latest trends crop up by the minute, textile waste is becoming a major issue when old and unwanted clothes end up in landfills. It comes at a time when an estimated 92 million tons of textile w..

Food prices ease at HCM City supermarkets HCM CITY – The sharp fall in fuel prices has caused the prices of goods such as vegetables and meats to decrease in HCM City supermarkets. Petrol prices have fallen four times since June 21 and..

Firms expand investment in battery industry for EVs HÀ NỘI — As Việt Nam`s electric vehicle (EV) market grows, the demand for batteries and energy storage solutions is accelerating and attracting the attention of many investors. ..

Major logistics centre developing in the south of HCM City HCM CITY — With the advantages of geographical location and investment plans for land around ports, the 17-hectare Tân Cảng-Hiệp Phước (TCHP) Port situated in HCM Cit..

Palm oil prices to fall more due to distress selling by Indonesia Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday. Malaysia`s b..

Indonesia’s record trade surplus ‘unsustainable’ as CPO prices plummet Indonesia achieved its biggest-ever trade surplus in the first half of 2022, but experts warn that relying on raw materials like crude palm oil (CPO) and coal as the bulwark of productivity is unsusta..

Tech investors wary amid volatile market While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs. Pru..

Explainer: Exploring the land scheme for foreigners The government`s latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the econom..

Laos market favoured by many Vietnamese investors: Trade counsellor HÀ NỘI — The Lao market remains a top destination for many Vietnamese investors as the two countries are neighbours and Laos recognises most quality certifications from exporting coun..

Global economy to hit Thai tourism The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising in..

Wood exports forecast at $16.3 billion this year HÀ NỘI — The export of timber and wooden products is forecast to reach US$16.3 billion in 2022, close to the target set at the beginning of the year, according to the Việt Nam A..

Government removes palm oil export levy until Aug. 31 Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the mo..

Naver Webtoon ready to make money out of burgeoning global audience Naver Webtoon, South Korean webtoon platform by the country’s internet giant Naver, is readying to shift to profit-seeking business model after successfully securing nearly 100 million readers worldwi..

Nexon active on global market with 9 new releases this year South Korean gaming giant Nexon has been exceptionally busy in the global scene this year with packed new offerings after a hiatus in recent years. Nexon has teased or released new games almost ever..

Hybe shares rise as poll shows 60% of Korean citizens backing conscription waiver for BTS Shares of Hybe reversed north Monday as a poll showed six out of 10 South Koreans approved of military conscription exemption for K-pop sensation BTS members for their contribution to national dignity..

S. Korean show steals another LA night as Squid Game wins six Emmys A South Korean show has stolen another awards night in the City of Angeles as “Squid Game” became the first non-English TV show to pick up two major trophies at the Emmys Awards, or U.S. TV celebratio..

Naver’s Japanese operator of digital fiction achieves 10-billion-yen monthly GMV milestone Line Digital Frontier, the Japanese operator of digital fictions under Naver Webtoon of South Korea, has achieved monthly gross merchandise value (GMV) milestone of 10 billion yen ($69.3 million) in A..

Frieze Seoul proves hot as first Asian art fair, drawing tycoons and pop and film stars South Korean and Chinese riches flooded into the first Asian Frieze art fair in Seoul cohosted with the Korea International Art Fair (KIAF) for a marketplace of near $1 billion for art pieces of estab..

Korean game labels beef up overseas operation to ride on USD gain for income growth South Korean game companies are beefing up their overseas operations in response to the strong U.S. dollar that can aid income amid stagnated sales at home. NCSoft’s overseas branches in North Americ..

K-pop fandom rises as revenue base for entertainment and game labels South Korean entertainment and game labels are vying heavily to leverage on the global fandom base for K-pop. Hybe - the label behind global K-pop sensation BTS - recently revamped its fandom platfor..

First offline KCON in L.A. in 3 yrs attracts over 7 million K-pop fans worldwide KCON, the world’s largest fan celebration of Korean culture and music organized by CJ E&M, held its first face-to-face convention in Los Angeles in the United States in three years, drawing more than ..

Girl power fuels Korean entertainment stocks, except for controversy-ridden SM High expectations of new girl groups have bolstered the stock of Hybe to offset some of the concerns from the hiatus of mainstay artist BTS, while new albums of iconic Korean girl groups Blackpink and..

Neowiz’s Neopin adds to Web 3.0 hype after Wemade creates slash with Wemix 3.0 Neopin, a blockchain subsidiary of South Korea’s mid-tier game publisher Neowiz, plans to introduce multi-chain services supporting multiple blockchains by June next year in a move to advance into glo..

Korea’s defense min implies BTS members can join global tours while on military duty BTS members could continue with their musical engagements and also join overseas tours while serving in the military, South Korea’s defense minister said, promising privileges for the K-pop global sta..

Naver WEBTOON published “Lore Olympus” wins Eisner Award Lore Olympus, a romance e-comic discovered and published by Korea’s Naver WEBTOON, won the Eisner Award for “Best Webcomic” on Friday, another feat representing South Korea`s production ability in ori..

Extraordinary Attorney Woo set to become next Korean drama syndrome The ongoing Korean television series “Extraordinary Attorney Woo” about a genius novice lawyer with autism spectrum disorder (ASD) is a surprise sensation not only in Korea, but across the world and i..

Squid Game becomes first non-English drama to gain multiple Emmy nods “Squid Game” the most watched Netflix series of last year made another milestone for a Korean original content by becoming the first non-English series to be nominated for multiple Emmy Awards. Acco..

Demand for Korean language and studies rises on renewed K-wave fervor Global learning in the Korean language has spiked in line with renewed fervor over Korean entertainment contents and stars last year when BTS and Squid Game created a splash. According to the Nationa..

Korean celebrities in favor by luxury fashion houses as their global faces South Korean celebrities are being chased by traditionally picky luxury fashion houses to represent their brands in line with the ascension of Korean contents and their global popularity. K-pop girl ..

Kakao Games shares up 11% on successful debut of “Uma Musume Pretty Derby” Shares of Kakao Games Corp. are running high on successful debut of new title “Uma Musume Pretty Derby,” which ranked top on Apple’s App Store by revenue on the first day of release in Korea. Kakao G..

Home-taught Korean pianist Lim Yunchan becomes Cilburn’s youngest gold medalist South Korean 18-year-old pianist Lim Yunchan has been crowned the winner of the 2022 Van Cliburn International Piano Competition, becoming the youngest-ever gold medalist in the 60-year-old piano comp..

BTS nearing military enrollment legal age taking time off, Hybe shares 23% down After uninterrupted nine-year activity and stunning ascension to unquestionable global superstar, K-pop household name BTS is taking a breather, timed with military enrollment applied to all able Sout..