Krafton, which is preparing an initial public offering next year, suffered a hiccup in its newly released massively multiplayer online role-playing game Elyon. Developed by Krafton and published by Kakao Games, Elyon exposed a bug that compromised its in-game economy, triggering a fierce backlash from users as the bug appeared just three days after the game’s release on Thursday. When a user of an attacking squad hunted down a monster at a specific field and picked up an item the mon

The US government has expressed worries over South Korean lawmakers’ move to block a new pricing policy of US platform giant Google, a lawmaker claimed Monday. According to Rep. Jeon Jae-soo of the ruling Democratic Party of Korea, multiple government ministries and agencies received a letter from the Korean Embassy in the US that summarized a phone conversation between the embassy’s official and the deputy United States trade representative. The discussion, classified as confid

LG CNS has clenched a contract worth 100 billion won ($92 million) to digitize Indonesia’s national tax administration system, the information and communication technology solutions provider said Monday. LG CNS, a LG Group company, was the only South Korean firm among the seven bidders for the project, which included IBM and Nippon Telegraph and Telephone. Under the deal, LG CNS will digitize Indonesia‘s tax administration system, used by the nation’s 42 million taxpayers

South Korean drug firm Chong Kun Dang Pharmaceutical Corp. said Monday that it has won approval from Australia's drug authorities to begin a phase three clinical trial for coronavirus treatment with its acute pancreatitis drug. The drug, Nafabeltan, will be administered to patients as part of the Australian government-led clinical study to find a COVID-19 treatment. The drug is currently used as a blood anticoagulant and acute pancreatitis treatment. The Australian COVID-19 Trial, also known a

South Korean diagnostics company Seegene is one of the biggest beneficiaries of the global COVID-19 crisis. On Monday, the molecular biotech firm announced that its aggregate revenues so far this year topped 1 trillion won ($916.3 million) on the back of strong demand for COVID-19 test kits and diagnostic machines. That is nearly 10 times larger than the 122 billion won reported for all of 2019. “The COVID-19 pandemic has raised public trust in Seegene’s molecular diagnostics rea

Sanofi Pasteur Korea head lays out why 2020 has been pivotal year in history of vaccines

South Korea's Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 percent of the global hydrogen car market, according to data from local market research firm SNE Research. Toyota Motors Corp. ranked second with a share of 11.5 percent, or 767 vehicles, while Honda Motor Co. ran

Korea Shipbuilding & Offshore Engineering Co. said Monday that it has signed a 400 billion won ($367 million) deal to build four crude carriers with a European company. The 300,000-ton vessels to be built by Hyundai Samho Heavy Industries Co., a unit of Korea Shipbuilding, will be delivered starting in May 2022, the company said. The company hinted at obtaining additional orders till the end of the year, saying, "There have been constant inquiries about various kinds of ships includin

Asiana Airlines Inc. said Monday it will cut its capital base to improve its financial status amid the COVID-19 pandemic. Shareholders approved a 3:1 capital reduction plan as the airline's capital erosion rate reached 56.3 percent at the end of June, a company spokesman said. "The company made the decision to avoid being designated as issues for administration or having its credit rating downgraded," he said over the phone. After the reduction, the number of Asiana's overall stocks

By Lim Jeong-yeo

Police investigate cause of last week’s accident that left one dead, two injured

South Korea’s leading automaker takes step to transform into smart mobility solution provider with Boston Dynamics buy

Celltrion’s antibody treatment, GC Pharma’s plasma therapy for COVID-19 anticipated to yield relief

Major online retailers are banking on gift service during holiday season

When it comes to pricing, luxury fashion and games may not be so different. As long as there are consumers willing to pay extra for a premium experience, it is that perceived value that could determine the price of a product. WeMade’s Mir 4, despite its notorious pay-to-win system, may prove just that in the local gaming industry. With an intricate storyline and superb graphics, the game is simply irresistible to avid players. Launched on Nov. 25 in South Korea by local game developer