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[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

Feb 18, 2021
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...

Feb 18, 2021
Government, Hyundai, LG join hands to reuse dead batteries

Prime Minister brings Hyundai Motor chief Chung and LG battery head Kim together for partnership

Feb 18, 2021
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...

Feb 18, 2021
Celltrion to take on S. Africa variant

Celltrion’s COVID-19 antibody therapy to be globally supplied at 1/5 cost of US competitors

Feb 18, 2021
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...

Feb 18, 2021
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...

Feb 18, 2021
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 ...

Feb 18, 2021
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,...

Feb 18, 2021
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)....

Feb 18, 2021
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...

Feb 17, 2021
[News Focus] SK Innovation’s battery split-off plan called into question

Firm’s not yet profitable battery division compounded by settlement money

Feb 17, 2021
[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 ...

Feb 17, 2021

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