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[Today’s K-pop] Zerobaseone sells 1 million albums in 1 day for 3rd time
[Photo News] Promoting Korea-Japan economic ties
Guidelines introduced to prevent deaths from extreme summer weather
S. Korea to inject $70m into AI-powered public education
Seoul shares end tad higher ahead of US inflation data
Controversy brews over shakeup of prosecutors amid probe of first lady
[News Analysis] Is momentum building to ease South Korea-China strain?
[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
[Pressure points] Should non-drinkers split the check with friends who drink?
[Words to know] What it means to 'chew' messages
Korea eyes leadership in advanced air mobility standardization
OpenAI gives ChatGPT new powers to see, hear
Dyson debuts first wet floor cleaner WashG1
CJ CheilJedang beats Q1 earnings estimates on US sales
Woori Bank joins race for 4th online-only lender
Yoon proposes new law for gig, freelance workers
Kia rolls out new EV6 with longer range but no price hike
YG to release first Blackpink digital collectibles
Historic sites to offer 5 fee-free days to mark renaming of cultural heritage agency
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Heo Ung wins KBL Pocari Sweat Popularity Award
Industry
Apr 2, 2024
At the 2023-2024 JungKwanJang Korean Basketball League Awards, Busan KCC's Heo Ung won the Pocari Sweat Popularity Award for the fifth consecutive time, Dong-A Otsuka said Tuesday. The league awards ceremony took place Monday at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Introduced in the 2011-2012 season, the popularity award is decided entirely by fan votes to determine the season's most popular player. All Korean Basketball League players are eligible, wi
[KH Explains] Korean shipbuilders eye US yards to tap Navy's lucrative repair deals
Industry
Apr 2, 2024
HD Hyundai, Hanwha seek to take advantage of protectionist laws -- Jones Act and Byrnes-Tollefson Amendments
Hyundai Motor grabs triple win in World Car Awards
Transport
Apr 2, 2024
Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in the car industry across multiple categories. This accolade marks the third consecutive victory for Hyundai Motor Group in the World Car of the Year and World Electric Vehicle of the Year categories, be
[Photo News] New Panamera in Korea
Transport
Apr 2, 2024
Porsche on Tuesday launched the new Panamera in the Korean market. The third-generation sporty sedan boasts the new plug-in hybrid model equipped with the newly developed electric motor and revised four-liter V8 turbo engine. The upgraded hybrid powertrain can create a system output of up to 650 horsepower. With the advanced battery, the new plug-in hybrid vehicle can drive up to 91 kilometers on a single charge. The prices of the new Panamera 4 and Panamera Turbo E-Hybrid begin at 176.7 million
Hyundai Motor's March sales down 3.7 pct on weaker demand in S. Korea
Transport
Apr 1, 2024
Hyundai Motor, South Korea's leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. Domestic sales sank 16.1 percent on-year to 62,504 units last month, and exports edged down 0.7 percent to 306,628 units during the cited period. Hyundai Motor said it sold 15,302 sedans, including 6,100 Grandeu
[Contribution] The Caribbean Dream comes true through industrial ODA
Industry
Apr 1, 2024
By Lee Seong-woo Vice president of the Korea Chamber of Commerce and Industry The Caribbean Sea, adorned with over 7,000 islands, lies to the east of Central America, where it meets the Atlantic Ocean. For many Koreans, this tropical paradise brings to mind the waterpark Caribbean Bay or the film series Pirates of the Caribbean. Yet, this region is plagued by frequent natural disasters, including earthquakes, hurricanes, volcanic eruptions, heavy rains and landslides. Sadly, most Caribbean cou
Internet-only banks soar past W100tr in assets
Industry
Apr 1, 2024
Last year witnessed remarkable growth for South Korea's three internet-only banks, as their combined value surged past the milestone 100 trillion won ($74 billion). The aggregate assets of Kakao Bank, K bank and Toss Bank reached approximately 101.61 trillion won by the end of last year, marking a substantial 27 percent increase from the previous year's 79.5 trillion won. Kakao Bank led the pack with total assets of 54.48 trillion won, followed by Toss Bank with 25.73 trillion won and
Pharmaceutical rivals partner for Fexuclue's sales
Industry
Apr 1, 2024
Daewoong Pharmaceutical has partnered with Chong Kun Dang for local sales of the gastroesophageal reflux disease (GERD) treatment Fexuclue, the country’s 34th new drug, the company said Monday. Fexuclue is a potassium-competitive acid blocker (P-CAB)-based GERD treatment that is designed to improve the shortcomings of proton pump inhibitor (PPI) drugs, such as slow onset of action and dietary effects. P-CABs have the longest half-life of up to nine hours among GERD medicines and have a lon
Samsung Bioepis launches half-priced Soliris biosimilar
Industry
Apr 1, 2024
Samsung Bioepis, a biosimilar developer under Samsung Group, announced Monday that the company decided to launch its Soliris biosimilar Epysqli in Korea at a price nearly 50 percent cheaper than the original drug. Epysqli is a biosimilar referencing Soliris, a high-cost drug for the treatment of rare hematological disorders, developed by Alexion Pharmaceuticals. As of 2022, the drug generated global sales of approximately 5 trillion won ($3.7 billion). The global rights to Soliris are currently
More women break glass ceiling on financial group boards
Companies
Apr 1, 2024
South Korean financial groups have undergone a transition in their board composition, indicating governance changes centering on gender diversity and internal control. Given that a financial holding company’s board is the ultimate decision-making body engaging in establishing management strategies and budget planning for itself and its affiliated banking and securities units, the changes give a glimpse of the future direction that the groups are pursuing. Here are the key takeaways from
Korea Ginseng Corp. appoints global business chief as new CEO
Companies
Apr 1, 2024
Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that combines both domestic and overseas markets," An, 51, said in his inauguration remarks. “We will aim to maximize profits in overseas markets while at home we will take a
First Jeep EV to make Korean debut in H2
Transport
Apr 1, 2024
New country chief emphasizes regaining customer trust
[Photo News] Hanwha chief congratulates team
Industry
Apr 1, 2024
Hanwha Group Chairman Kim Seung-youn (center) and his son and Vice Chairman Kim Dong-kwan took a selfie with employees at the Hanwha Aerospace research and development campus in Yuseong-gu, Daejeon, Friday. Hanwha's chief visited the center to congratulate Hanwha Aerospace’s selection as the only bidder for the nation’s forthcoming next-generation launch vehicle project and to offer encouragement to the team of researchers. (Hanwha Group)
HBM leadership is coming to us: Samsung CEO
Industry
Apr 1, 2024
Tech giant sets up HBM-only research team in AI push
JB Financial inks partnership with Vietnam’s OKXE
Industry
Apr 1, 2024
South Korea's JB Financial Group said Monday it has signed a partnership with OKXE, a Vietnam-based platform for used motorcycles, eyeing the expansion of its brokerage business in the country. At a signing ceremony held in Seoul on Friday, JB Financial Group and its affiliate JB Investment agreed to acquire a combined 8 percent stake in OKXE. OKXE was launched in Vietnam in 2020 by CEO Kim Woo-seok, bringing used motorcycle transactions from offline to online. With over 8 million users as
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Seoul vows action over Naver's Line, Yahoo dispute
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
Prosecutors summon pastor involved in Dior bag scandal
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Suspect behind murder of Korean tourist in Pattaya arrested
NewJeans' members' parents complained to Hybe, email shows
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[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
[Grace Kao] American racism against Stray Kids
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