BUSINESS
[News Focus] COVID-19 widens gap among top 3 Korean game companies and the rest
The prolonged pandemic has intensified a polarization between top South Korean game companies and small and mid-sized ones. While the smaller players took a hit in revenue and employment amid the CO...
Feb 18, 2021
SsangYong Motor pins hope on government help
Policymakers raise concerns on heavy blow on labor market, should the troubled carmaker fall
Hanwha Solutions’ 1st YoY report card shows 29% surge in operating profit
Hanwha Solutions on Thursday announced its first year-over-year results after its launch on Jan. 2, 2020 through the merger of Hanwha Chemical and Hanwha Q Cells & Advanced Materials. According to i...
Government, Hyundai, LG join hands to reuse dead batteries
Prime Minister brings Hyundai Motor chief Chung and LG battery head Kim together for partnership
Lotte Chemical develops fire-resistant urethane insulation
Lotte Chemical said Thursday that the company has developed urethane-based semi-non-combustible insulation product. The company added that the new fire-resistant insulation product can reduce the am...
Celltrion to take on S. Africa variant
Celltrion’s COVID-19 antibody therapy to be globally supplied at 1/5 cost of US competitors
S. Korea to increase number of eco-friendly cars to 7.85m by 2030
South Korea said Thursday the accumulated number of eco-friendly cars running in the country will reach 7.85 million by 2030, in line with its vision to go fully carbon-neutral by 2050. The target w...
S. Korea's three major multiplexes post nearly 70% sales plunge in 2020
South Korea's three major multiplex chain operators have seen their respective 2020 sales plunge nearly 70 percent from a year earlier due to the fallout of the yearlong novel coronavirus pandemic, d...
S. Korea's mobile game market surges 24% to W5tr in 2020: data
The mobile game market in South Korea logged sharp growth of over 5 trillion won ($4.5 billion) last year amid the pandemic, data showed Thursday. Total mobile game transactions in the country were ...
Samsung Heavy bags W459b order from Oceania
Samsung Heavy Industries Co. said Thursday it has clinched a 459 billion-won ($415 million) deal to build four liquefied natural gas (LNG) fueled oil tankers. Under the deal with an Oceania company,...
Baemin CEO pledges to donate more than half of his assets
The CEO of South Korea's top food delivery app operator, Woowa Brothers Corp., said Thursday that he will donate more than half of his wealth, estimated to be more than 1 trillion won ($905 million)....
Export sector to get W167t trade finance boost
The South Korean government will roll out massive support programs for exporters this year, aiming to return the country’s export volume to pre-pandemic levels, the Ministry of Trade, Industry and En...
Feb 17, 2021
Celltrion begins distribution of COVID-19 therapy in Korea
Celltrion began nationwide distribution of its monoclonal antibody therapy for COVID-19 on Wednesday. Celltrion’s regdanvimab is Korea’s first emergency-approved COVID-19 treatment. All 156 state-d...
[News Focus] SK Innovation’s battery split-off plan called into question
Firm’s not yet profitable battery division compounded by settlement money
[Advertorial] LG Energy Solution No.1 battery patent holder through extensive R&D
LG Energy Solution said it had invested 2 trillion won ($1.8 billion) in battery research and development over the past six years, allocating 5-6 percent of its revenue every year. According to the ...