Coupang delves into computer parts biz, outcompeting go-betweens

Coupang is inching its way into the computer parts industry by offering lower prices and replacing distributors and retailers. 　Most recently, on Sept. 17, Nvidia’s GeForce RTX 3080 graphics cards were released in South Korea via Coupang. Intech & Company had imported the graphics cards through vendor Asus, but this time sold the graphics cards directly to customers by collaborating with Coupang’s Rocket Delivery network. 　Previously, importers such as Intech & Company, lac

How once rising sports platform TLX Pass fell

In its heyday, South Korea’s top actor Hyun Bin was the face of TLX Pass, a revolutionary fitness platform that made waves throughout the industry. TLX offered passes that could be used at multiple sports centers, bypassing the need to sign up for lengthy memberships. The idea was to free users from being bound to one particular gym, allowing them to choose from various sports activities regardless of location. With 4,000 gyms and studios in its network and 510,000 users, TLX’s reve

W520b per BTS member? Market worth of K-pop stars in limelight as agency’s IPO nears

With a mere estimate of the market value of Big Hit Entertainment, the label behind BTS, reaching nearly 4.6 trillion won ($3.97 billion), eyes are on the seven-member boy band that generates most of the company’s revenue. 　The K-pop agency is scheduled to make its market debut on South Korea’s main bourse, Kospi, in October, offering 7.13 million shares at a price between 105,000 won and 135,000 won per share. Its market capitalization is anticipated to reach nearly 4.57 trillion

Litigations pile pressure on Mirae Asset Group

Korean investment banking group Mirae Asset Group is being swamped by litigations at home and abroad, including one against China’s Dajia Insurance Group surrounding high-profile hotel deals in the United States, filings showed Monday. As of the end of June, the total litigation costs incurred to brokerage house Mirae Asset Daewoo and its affiliates could exceed 7 trillion won ($6 billion) if the group loses all 35 lawsuits in which it is involved. The cost has gone up from 68.8 billion

Connecting ‘comfort women’ and present-day experience through the eyes of a Korean immigrant

When writer Emily Jungmin Yoon released her 2018 book of poems “A Cruelty Special to Our Species,” it was to inform North American readers about the “comfort women,” a euphemistic term for military sex slaves of the Japanese Imperial Army during World War II. With the publication of the Korean translation of the book Aug. 14 with the full English version included in the back, Yoon sees her purpose as not to inform, as many Koreans are familiar with the history, but to c

Korea Investment & Securities pioneers AI-powered stock analysis

Local brokerage believes versatile use of AI in financial services crucial for company’s competitiveness

Shin Min-ah says ‘Diva’ is like flesh to her

Actor returns to big screen as a diver in upcoming thriller

Pandemic brings virtual care front and center

Philips stresses importance of ‘health continuum,’ empowering people to stay on top of health

Woori Financial Group on long road to privatization

W12.7tr government bailout saved lender in 1998, but led to questions about bank’s identity as private institution

India fast-approaching US in coronavirus infections

Top 10 includes 4 South American nations

Time running out for large rescued dogs

With international travel halted by pandemic, backlog of dogs awaiting foreign adoption grows

High-profile DUI cases spur fresh crackdown

South Korean authorities are renewing a war against drunk driving, after recent high-profile cases caused public uproar. A ruling party leader said they will push to enact a tougher law to punish passengers of drunk drivers. The Korean National Police Agency said Sunday they will run a special crackdown period on driving under influence of alcohol until Nov. 17, as violations continue amid the COVID-19 outbreak. All police stations will run at least two DUI checkpoints every week and will als