

Will KG Mobility, Korea‘s SUV dark horse, triumph globally?
KG Mobility, a stalwart in the South Korean sport utility vehicle scene previously known as Ssangyong Motors, has set an ambitious total sales goal of 147,000 units for this year, a 26.6 percent increase from last year, as it aims to penetrate overseas markets in Europe and Southeast Asia, away from
March 14, 2024 - 15:15:35Will Webull reshape Korea‘s mobile trading?
Commission-free US platform aims high with imminent Korean launch Webull Corporation, a prominent US-based online stock trading platform, has initiated preliminary operations to establish its presence in South Korea. Speculation surrounding the debut of the New York-headquartered company‘s services
March 13, 2024 - 16:52:32Tussle over Nexon’s loot box controversy intensifies
Nexon faces Korea’s largest game-related class action suit over deceiving MapleStory players The feud over South Korean game developer Nexon‘s Maplestory, a popular side-scrolling massively multiplayer online role-playing game, or MMORPG, is escalating, with gamers filing a class action suit and Nex
March 12, 2024 - 15:38:37Coupang‘s Farfetch gambit: Was the deal undervalued?
In December last year, South Korean e-commerce giant Coupang made a surprise announcement that it was buying Farfetch, the British luxury shopping platform, in a $500 million deal. The highly-publicized acquisition seemed like a win-win for both: Coupang’s global expansion could be accelerated, back
March 12, 2024 - 15:13:37Missing pieces of ‘value-up’ program
The government’s measures aimed at increasing shareholder returns to boost Korea‘s undervalued stock market have sparked much debate on their effectiveness due to the lack of motivational drivers for companies to join the program. In the Corporate Value-up Program announced by the Financial Services
March 10, 2024 - 16:38:14[‘Kimchi premium’ returns, but weaker
Price discrepancy narrows as more investors join After the global rally of bitcoin earlier this week, the “kimchi premium,” -- the price discrepancy in cryptocurrency between Korea and international markets -- has soared as well. Shortly after the global price of bitcoin hit a record high, rising ab
March 7, 2024 - 16:04:23Warship rivals at loggerheads
Defense experts say it‘s not time for Hanwha Ocean and HD Hyundai Heavy Industries to fight The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, with Hanwha
March 5, 2024 - 15:44:20Shipping constraints shackle Korea‘s auto export boom
Korean automakers are grappling to maintain their export momentum due to a shortage of car carriers to transport them, driven by the increasing volume of Chinese automotive exports and stringent maritime environmental regulations. The scenario has led to an unprecedented rise in the cost of charteri
March 4, 2024 - 17:16:28Korea’s next-generation space rocket project off to bumpy start
Stakeholders in space industry concerned about tepid interest from private firms, delayed bidding process Korea’s 2 trillion won ($1.5 billion) next-generation space launch vehicle project got off to a bumpy start, as the bidding process to select a private entity to lead the large-scale task is lik
March 3, 2024 - 15:40:23Why is S. Korea mulling ease on marriage ban between blood relatives?
The debate on consanguineous marriage is heating up, as the government appears to be moving toward easing laws related to intrafamily marriage. Currently, South Korea prohibits marriage between blood relatives within eight degrees of relations (“chon” in Korean), according to the Civil Act, Article
March 3, 2024 - 13:51:17Inside main opposition Democratic Party of Korea’s bitter faction war
The Democratic Party of Korea’s primary race for the April 10 legislative election is being tainted by a furious faction fight. As the party begins to select candidates to run for the upcoming election, nearly a dozen have left the main opposition party. Among them are long-time loyalists who have s
Feb. 29, 2024 - 17:16:12What does Apple‘s dead car project mean for Samsung, Hyundai?
Earlier this week, Apple announced that it will ditch its decade-long car project, saying more resources will be poured into artificial intelligence in the future. An Apple-made car had long been a buzzword across industries. Carmakers had braced for a direct threat, while tech rivals had started wo
Feb. 29, 2024 - 15:34:16Why doctors refuse to bend despite lack of public support
South Korea has enough doctors. Rather, the government should address the unfair payment structure and redistribute patients and doctors, medics say. The recent mass walkout by junior doctors has led to unprecedented disruptions in South Korea’s otherwise well-regarded medical system. Both the gover
Feb. 29, 2024 - 14:51:14Why Korea has been so quick to adopt ‘global minimum tax’
South Korea has become one of the first countries to implement the so-called “global minimum tax rule” this year, which aims to ensure companies pay at least 15 percent tax on corporate income, regardless of where they operate. The initiative aligns with international efforts to tackle tax avoidance
Feb. 27, 2024 - 18:02:03Will Yoon‘s ’value-up‘ drive end Korea discount?
South Korean authorities on Monday introduced a set of measures encouraging listed companies to boost their valuation as a part of efforts to shake off the so-called “Korea discount” which has been haunting the local capital market for decades. Under the “corporate value-up program,” firms listed on
Feb. 26, 2024 - 17:45:48