

India: Make-or-break market for Krafton
Over 560 million Indian gamers emerge as high-spending users South Korean game developer Krafton logged surprise earnings in the fourth quarter of last year thanks to the revival of PUBG: Battlegrounds, a battle royale shooter game. In particular, Kratfon highlighted the rise of Battlegrounds Mobile
Feb. 26, 2024 - 15:47:57Will LG Energy Solution be Tesla‘s 4680 battery crisis savior?
Four years after Tesla revealed the hyped Cybertruck, its production still lags with 1.9 million orders pending. The bottleneck stems from challenges in mass-producing what are known as 4680 battery cells, which are key to the Cybertruck’s success due to their superior energy density and cost effici
Feb. 22, 2024 - 15:35:03Will BYD redefine EV affordability in Korea?
Even those unfamiliar with the world‘s largest electric vehicle maker BYD Auto may have noticed their commercial electric buses that have been navigating city streets in Korea since 2017. Now the Chinese automaker, known for its exceptional affordability, is reportedly entering the broader consumer
Feb. 20, 2024 - 15:45:05Will Korea‘s new EV subsidies undercut Tesla’s edge?
Korea‘s EV policy revision could leave the Tesla Model Y facing more than a $2,800 subsidy disadvantage compared to the Hyundai Ioniq 5 The South Korean government is carrying out a strategy to boost the price competitiveness of electric vehicles from domestic automakers with a revised EV subsidy po
Feb. 15, 2024 - 17:15:07Why NCSoft is playing coy on game revenue
Korean game developer faces harsh criticism over opaque management NCSoft announced an annual revenue of 1.78 trillion won ($1.34 billion) and operating profit of 137.3 billion last week, down 31 percent and 75 percent on year, respectively. Following the earnings announcement, the South Korean game
Feb. 13, 2024 - 15:16:26Why Korea’s platform act faces backlash at home, abroad
Confusion ensues over preliminary designation of ‘monopolistic’ platform operators Skepticism has grown over the platform act, as the nation’s antitrust watchdog hints at a thorough review of the most contentious aspect of the bill: the preliminary designation of “monopolistic” online platform opera
Feb. 12, 2024 - 15:04:40Why ramyeon makers still stick with ‘ramen’ marketing
Korean instant noodle boom puts decades-old industry dilemma under renewed spotlight Amid soaring exports of Korean instant noodles in recent years, a renewed spotlight has been cast on a decadeslong dilemma among local food companies -- whether or not the word “ramen” should be ditched from their m
Feb. 12, 2024 - 14:39:30US Election: calm before the storm for Korean auto, battery makers
South Korean automakers and battery firms are closely monitoring this year‘s US presidential election and calmly bracing for negative impacts in the case of the Joe Biden administration’s Inflation Reduction Act possibly being repealed in a second Donald Trump term. The IRA, which is intended to boo
Feb. 4, 2024 - 15:25:04What’s behind unusual popularity of imported milk in Korea?
Despite mixed reactions to taste, nutritional value, consumers turn to lower price of imported milk Imported milk has been enjoying unexpected popularity in Korea recently, with the import volume more than tripling over the past three years alone. According to the Korea Customs Service, imports of p
Jan. 31, 2024 - 15:29:30Private equity firms hunt for health care buyouts
Korean private equity firms are increasingly betting big on health-focused companies at home and abroad, in a bid to capitalize on the growth potential of the health care and wellness sector amid a globally aging population. In Korea alone, where accelerated demographic change is observed due to the
Jan. 29, 2024 - 15:37:49From cafes to lumberyards, SMEs face risks as safety law expands
80% of all serious accidents happened at businesses with fewer than 50 employees, Labor Ministry says Expanded application of the workplace safety law is expected to have a substantial impact on the South Korean business community, as it holds employers with more than five workers legally responsibl
Jan. 29, 2024 - 15:25:51Will OpenAI, Korean chipmakers team up to take on Nvidia?
Sam Altman’s 19-hour stay in Seoul prompts hopes for win-win partnership Sam Altman, the chief executive officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that th
Jan. 28, 2024 - 14:30:03Assault on lawmaker reignites debate on teens‘ legal immunity
15-year-old assailant repeatedly claims that he is a “criminal minor” who is immune from punishment A Korean lawmaker fell victim to a brutal physical assault by a 15-year-old teenage assailant, who not only carried out the attack but repeatedly -- and incorrectly -- claimed immunity from legal cons
Jan. 26, 2024 - 17:52:46Financing limbo threatens W30tr Polish arms deal
With April general election looming, National Assembly not moving on revision bill South Korea‘s ambitious multibillion-dollar arms export deals with Poland may be at risk, as the National Assembly continues to sit dormant on a bill that must be passed in order to for the deals to come through. Havi
Jan. 24, 2024 - 17:11:02How Dior bag footage shook Korean politics
A Korean American pastor claims he wanted to expose first lady Kim Keon Hee abusing power via YouTube footage When a YouTube video of South Korea‘s first lady receiving a Dior handbag went viral last year, it initially made few waves in mainstream news media. In the weeks before April‘s general elec
Jan. 23, 2024 - 14:47:17