NH Investment & Securities, Korea Investment & Securities selected as underwriters

Nexon on Friday announced the launch of its open-world MMORPG game V4 in 150 countries. Standing for “Victory For,” V4 is a mobile MMORPG made using Unreal Engine 4. It boasts high-end graphics, a vast virtual combat field and character customizing features. According to the South Korean game company, V4 supports six languages including English, German and Thai and is available in some 150 countries including in North America and Europe. As a “one-build” game, user

Smilegate said Friday that its 36-episode drama series based on its first-person shooter game CrossFire has recorded 100 million views in China. According to the South Korean game company, the drama series, also named as CrossFire, recorded the milestone on China’s biggest over-the-top platform Tencent Video as of Thursday. ‘Though only two episodes have been broadcast, CrossFire enjoyed more than 100 million views on Tecent Video, ranking as the second-most popular drama series

Kakao Games said Thursday its application for initial public offering has received the greenlight from the Korea Exchange (KRX), the nation’s sole bourse operator. According to the South Korean game company, the KRX approved Kakao Games’ application for preliminary qualification examination for listing on the second-tier Kosdaq. “As Kakao Games’ stocks are evaluated as blue chip stocks, the IPO will be fast-tracked, cutting the review period from 45 working days to 3

S-Oil on Friday posted an operating loss 164.3 billion won ($136.7 million) in the second quarter this year, getting back on its feet after suffering its worst-ever operating loss of 1 trillion won in the previous quarter. According to regulatory filings, the Korean refiner witnessed its operating loss decline 84.6 percent to 164.3 billion won in the second quarter compared to an operating loss of 1 trillion won in the previous quarter. In the same period, its net loss dropped 92.4 percent t

More Koreans in their 50s in Korea have started using online platforms since the start of the coronavirus pandemic, a survey showed Friday. According to the survey conducted on 500 people over the age of 50 by the corporate social responsibility unit of Lina Life Insurance, 38 percent of respondents answered that they started using online livestreaming services for the first time after COVID-19. Six out of 10 people said they are using online platforms like YouTube and Netflix. Around 32 p

United Nations Development Program’s Seoul Policy Centre on Friday co-hosted a webinar with the Trade Ministry and the Korea International Trade Association to share the efforts to support small and medium-sized enterprises and businesses impacted by COVID-19. Participants included representatives from the private sector, government officials, civil society and UN practitioners. The webinar brought together participants from 21 countries for an exchange of insights and sharing of inform

Samsung SDS said Friday its earnings in the second quarter were dented due to the COVID-19 pandemic. The South Korean firm’s sales decreased by 7.5 percent on-year to mark 2.56 trillion won ($2.1 billion), while operating profit fell by 24 percent to reach 196 billion won. Sales of the company’s information technology services division recorded 1.31 trillion won in the second quarter, down 15.9 percent on-year, while that of its logistics solutions business increased 3.3 percent

South Korean liquor company Golden Blue said Friday it has renewed its agreement with Scotland-based Heriot-Watt University and held a scholarship ceremony for students selected for a blender promotion project. Golden Blue has conducted the project since 2016 to discover and foster brewing and distillation experts for the advancement of the Korean liquor industry. Every year, two students are selected to support their master’s degree in Heriot-Watt University. Founded in 1821, Heriot-

The South Korean government and civilian experts earlier this week passed a revised plan to further expand a national park in Yongsan, central Seoul, on land returned by the US Forces Korea. The panel decided to move the proposed site for new headquarters of the National Police Agency to a different location, and extend Yongsan Family Park to the area spanning 13,200 square meters. The park, encompassing the War Memorial and the National Museum will ultimately stretch nearly 3 million squa

　South Korean imports of beer fell last year for the first time in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed. 　Imports of beer stood at 360,000 tons in 2019, down 7.2 percent from 387,000 tons a year earlier, according to the data compiled by the Korea Customs Service. It marked the first on-year decrease since 2009, a sharp turnaround from a 17.1 percent hike in 2018 and a 50.2 percent jump in 2017. (Yonhap)

Hyundai Motor and Kia Motors -- South Korea's two biggest carmakers -- on Thursday reported a sharp drop in their second-quarter earnings as the new coronavirus outbreak drove down overseas demand for their vehicles. But on their home turf, Hyundai and Kia performed well helped by new models and tax cuts. For the three months that ended in June, Hyundai's net profit fell 62 percent to 377.27 billion won ($315 million) from 999.30 billion won a year earlier, and Kia's declined 76 percent to 12

‘In terms of 55-inch OLED screens, LGD now has annual capacity of 10 million TV panels’

UK-based technology company Dyson has introduced two new cordless vacuum cleaners in South Korea, intent to test the marketability of the newest products with lower price tags here first. The two models are the Dyson Omni-glide and Dyson Digital Slim. The Dyson Omni-guide features an omnidirectional Fluffy cleaner head that allows users to suction dust particles in narrower spaces in corners or underneath furniture, offering greater flexibility than its predecessors. The Dyson Digital Sli

When NCSoft changed its corporate identity to “NC” at the start of the year, it had no idea what was coming. However, it couldn’t have chosen a better time to do so, as its new corporate identity serves as a compass to navigate the ongoing coronavirus outbreak. In January, the Korean game company dropped “Soft” and renewed its company logo to “NC.” The new logo represents the company’s three core philosophies of craftsmanship, enthusiasm and en