Fans making money investing in Kpop and drama copyrights

New investment outlets have come into light for younger generation especially some kpop fans or those who love Korean dramas and movies to make money by supporting the singers or actors they love. Through investing in the shares of the copyright of the songs by famous Kpop idols and dramas starring the TV stars, fans enjoy new ways to support them. This new way of combining the Korean culture and investment comes as Kpop and drama fans seek new meaningful ways to show support for their unreacha

Eximbank to provide over $300m to Egypt for railway project

　The Export-Import Bank of Korea said on September 23 it will offer more than $300 million in loans to the Egyptian government’s railway modernization project. 　The state-run policy lender plans to supply a combined $312.2 million for the African nation through the “Economic Development Cooperation Fund” as well as the “Economic Development Promotion Facility.” 　Launched in 1987, the EDCF is aimed at helping poor and less developed countries by providin

Kakao Pay faces renewed scrutiny ahead of IPO

　Ant Group-backed financial technology firm Kakao Pay is facing renewed scrutiny ahead of its upcoming initial public offering as South Korea’s tech crackdown shows no signs of abating. 　Regulators’ tightening grip on online financial platforms puts Kakao Pay, known for its mobile payment app interoperable with Korea’s popular messenger app KakaoTalk, under mounting pressure to revise its prospectus again to scale down its fintech service. 　The stock market debut of Kakao Pa

Overseas stock transactions hit all-time high amid meme stock fad

　South Koreans’ transactions of foreign shares reached a new high in 2021 as retail investors rushed to trade meme stocks, data showed on September 23. 　Domestic investors’ trading of overseas shares was valued at $277.1 billion from the beginning of the year to Sept. 16, according to data compiled by the Korea Securities Depository. 　The figure was up by 39.7 percent from last year’s accumulated trading volume of $198.3 billion, having already exceeded the 2020 total on June

‘Designing user experience key to business success’

Hyundai’s creativity incubator chief says design goes beyond a product’s aesthetics

Satrec Initiative poised for leap in Korea’s space rush

This is the second installment in a series of interviews with executives of Korean companies with space ambitions. -- Ed.  About a month from now, South Korea will launch its first homegrown rocket “Nuri.” 　 A successful launch of the domestically made space launch vehicle is expected to herald a new space era for the country, where government-led programs transition to market-oriented ventures, with a key hindrance -- the decades-old Korea-US missile guidelines that put curb

Refining the design of Korea’s top delivery app

Woowa Brothers’ chief product officer talks Baemin’s interface, food curation and the new normal

Yang Yo-seob hopes to shape his musical experiences with wider taste

Singer-turned-soloist aims to open new chapter in music career by tailoring wider musical taste, collaborating with voices of A-listers

How fans are turning favorite K-pop songs into investments

K-pop fans have found a new way to support their favorite idols that could also fatten their wallets at the same time. A growing number of fans are experimenting with new investment methods by investing in shares of copyrights to songs by idols. This new combination of Korean culture and investing comes as K-pop fans seek alternative and meaningful ways to show support for their stars.  For instance, Music Cow, a platform for investing in K-pop songs, allows fans to buy shares to own par

Korea sees tax burden grow 3rd-fastest in OECD

In 2020, 29 of 36 OECD members post ‘eased’ tax burden

Saudi Arabia marks 91st Anniversary of the National Day

Sept. 23 every year brings the memory of a glorious day in our national history where the founding King Abdul Aziz bin Abdul Rahman al-Saud unified the Kingdom of Saudi Arabia. With such a precious national occasion every year, the National Day is an important landmark in the history of modern Saudi Arabia. We celebrate and remember with pride, deep appreciation and dignity the efforts and sacrifices made by our ancestors in building, developing and serving the Kingdom. 　 This year we celebrat

Almost 70% of Korea is at least partly vaccinated against COVID-19 -- now what?

South Korea is close to reaching its goal of having 70 percent of the population vaccinated with a first dose of a COVID-19 vaccine before Saturday, when this year’s Chuseok holiday begins. So what does this mean for the country’s pandemic response going forward? Lee Ki-il, the Ministry of Health and Welfare’s deputy minister for health care policy, told Friday’s televised news briefing that Korea was close to hitting “a significant milestone in the vaccination