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[Today’s K-pop] Astro hits iTunes No. 1 for the 1st time
Yoo Teo to star in new film by A24, CJ ENM
Women’s sports rises as trending content in Korean TV
Korea confirms its first two delta plus cases in fully vaccinated people
Krafton’s IPO subscription draws lukewarm response from retail investors
Boryung‘s blood pressure drug Kanarb reduces risk of strokes, vascular eve...
Korea’s IPTV operators attempt to carve out ‘tablet TV’ niche
Centroid eyes TaylorMade Golf IPO after $1.9b buyout deal
[News Focus] Korea’s population decreases by 170,000 in 20 months
S. Korea to sharply increase imports of eggs to stabilize prices

Today Technology

Boryung‘s blood pressure drug Kanarb reduces risk of strokes, vascular events: report

Boryung Pharmaceutical on Tuesday disclosed clinical trial results that showed its hypertension drug Kanarb is effective in controlling the blood pressure of patients who have experienced a stroke. By keeping patients’ blood pressure under control, the drug helped reduce the risk of recurrent strokes and major vascular events, it added. The clinical study was conducted at 27 medical institutions in Korea during a 24-week period, involving 1,035 patients who previously experienced an i

Korea’s IPTV operators attempt to carve out ‘tablet TV’ niche

IPTV operators in South Korea are attempting to nurture a new segment -- “tablet TV” -- to meet growing demand for another TV screen, as more people tend to stay home due to the prolonged COVID-19 pandemic. Streaming on-demand video via mobile phones and tablet computers is nothing new, as millions of Koreans already enjoy Netflix and other services. For IPTV operators that rely heavily on fixed-line networks, however, such a “cord-cutting” trend in which viewers dit

Today
Technology
Over 10 workers at Samsung R&D facility infected with COVID-19

Over 10 workers at a Samsung Electronics Co. local research and development (R&D) center were infected with COVID-19, but there has been no shutdown of the facility, industry sources said Tuesday. Twelve employees at the R5 R&D-focused building in Suwon, just south of Seoul, tested positive for the coronavirus, and those who were in contact with them await their test results, a person familiar with the matter told Yonhap News Agency over the phone. There might be more confirmed coronav

Today
Industry
Musinsa to invest W14b in fashion startups within this year

Online fashion retailer Musinsa said Tuesday it would invest a further 14 billion won in fashion startups through its venture capital Musinsa Partners to bring the total investment to 60 billion won within this year. Established in 2018, Musinsa Partners is a joint venture capital firm that has invested some 46 billion won in medium- and small-sized enterprises and startups in the fashion industry. The latest announcement is part of the company’s drive to boost the fashion industry, incl

Today
Retail
[Battery+] ‘Solid-state batteries are exaggerated’

Why renowned battery researcher involved in solid-state tech is pessimistic about ‘dream’ cell becoming commercial reality

Today
Technology
Kakao adds 13 new affiliates in Q2, the most among major conglomerates: FTC

South Korean conglomerates have added 41 new companies under their wings in the second quarter of this year, in their forage for new business territories and business restructuring, the state antitrust watchdog said Tuesday. Kakao Group, along with Sinorkor Merchant Marine, has bought in the most number of new companies at 13, as it aggressively pursued mergers and acquisitions on its path to become the country’s fifth-largest business group in terms of market capitalization in June.

Today
Industry
Manta aims to become ‘Netflix of webcomics’

Manta, a global webcomic subscription service launched by South Korean digital content firm RIDI, is fast gaining a foothold in the North American market, the company said Tuesday. Three months after its November launch, Manta had become the most popular app in the free cartoon chart of Google’s app store in the US. After six months, it achieved the milestone of 1 million downloads, the firm said. It is now available in 175 countries. The early success of Manta comes amid the grow

Today
Technology
Samsung’s QLED TVs receives carbon foot print certification

Two Neo QLED TVs from Samsung Electronics were carbon footprint certified by the Carbon Trust, a UK-based global climate change consultancy, the company announced Tuesday. The models -- the 75-inch Neo QLED 8K and 65-inch Neo QLED 4K -- are the first TV products with resolutions higher than 4K to receive recognition from the British organization. The Carbon Trust certificate is awarded to products that reduce carbon footprint over the product’s entire life cycle. Samsung said it

Today
Technology
Kolon Industries net more than quadruples in Q2

Kolon Industries Inc., South Korea's top textile and chemical materials maker, said Tuesday its second-quarter earnings more than quadrupled from a year earlier on brisk demand for its products. Net income stood at 77.7 billion won ($67.5 million) in the April-June period, up 358 percent from a year earlier, the company said in a regulatory filing. Sales rose 25.7 percent on-year to 1.18 trillion won, with operating income surging some 182 percent to 103.6 billion won. It marks the first time

Today
Industry
[Graphic News] Instant noodle exports hit new high in H1 amid pandemic

　South Korea's instant noodle exports touched an all-time high in the first half of the year amid the coronavirus pandemic, data showed. 　Asia’s fourth-largest economy exported $319.68 million of instant noodles in the January-June period, up 5.8 percent from a year earlier, according to the data from the Korea Customs Service. 　The amount was above the previous first-half record of $302.08 million set a year earlier. 　Yet the first-half growth rate was well lower than the 37.4 perc

Today
Business
Netmarble to acquire casino game company SpinX Games for $2.1 billion

South Korean game developer Netmarble Corp. said Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at $2.1 billion. Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully owns the social casino game developer. SpinX Games, established in 2014, operates various types of mobile casino content, including

Aug 2, 2021
Industry
[Photo News] Starbucks Korea, Mini launch collaboration merch

Starbucks Coffee Korea and auto brand Mini Korea have collaborated to launch three drinks, two food items, six pieces of merchandise and three voucher cards. Under the slogan “We’re different but pretty good together,” the two companies are running a seasonal promotion campaign organized to show respect for diversity, from Tuesday to Aug. 23. (Starbucks Korea)

Aug 2, 2021
Retail
Ransomware attacks on Korean companies on the rise: KISA

Experts warn hackers deploying more sophisticated techniques and expanding target to small firms with weak security systems

Aug 2, 2021
Technology
Korea Inc. losing dynamism: think tank

‘Double drop in business births and deaths undermine Korea’s potential growth’

Aug 2, 2021
Industry
KT&G expands social outreach in Indonesia

South Korea’s top tobacco maker KT&G is expanding its social outreach to Indonesia, offering vocational training and programs on Korean culture and language in the Southeast Asian country. The company said Monday that it’s accepting applications to join the second round of job training at KT&G’s vocational training center at the Universitas Kristen Cipta Wacana in Malang city. Since opening its first session in March, the center offers a three-month professional se

Aug 2, 2021
Industry

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