S. Korean unicorns take big leap with greater global presence

Large M&As, IPOs reflect maturing local startup scene

[News Focus] Power struggle? FSC, BOK bicker over revision of payment settlement law

   Tension between the nation’s financial regulator and the central bank are escalating over which institution should hold a supervisory authority in the area of online payment settlements emerging as a key financial transaction method in the era of digital economy. 　Payment settlement is the process through which a merchant receives money paid by customers for a particular product or service. 　Responding to increased demand for online payment settlements, the FSC proposed the

US-based NeoImmuneTech eyes W96b IPO in Korea

　NeoImmuneTech, a US immunotherapy drug development company, said on Feb. 22, 2021 that it was looking to raise as much as 96 billion won ($86.9 million) in fresh funds via an initial public offering on the South Korean bourse next month. 　Under the plan to be listed on Korea’s tech-heavy Kosdaq, NeoImmuneTech seeks to issue 15 million depository receipts in a price band between 5,400 won and 6,400 won. The exact share price will be determined through a book-building process for instituti

Woowa Brothers' founder joins super wealthy donation campaign

Pledges by self-made entrepreneurs may signal new corporate culture different from chaebol, experts say

Software dons role of therapeutics

‘In budding world of software as medical device, more players are needed for the market to grow’

San Francisco recycling company aims to tackle 1/3 of Korea’s plastic waste

Brightmark partners with SK to reuse 93% of plastic waste piling up in Korea amid pandemic

GenEdit to hone in on nervous system disorders in 2021 blueprint

Young co-founders set sights on becoming the next Genentech, pioneer of new era

‘Foreigners in Seoul want more benefits, less discrimination’

‘Seoul an inclusive city where foreigners want to live, but discrimination in tax and benefits still exist’

Koreans’ life expectancy to be 85.5 years by 2040

In OECD, Korea to rank No. 6 in life span in two decades

Call for transparency as gamers take issue with real odds of ‘random’ items

Last week, Nexon apologized for misleading users of the odds of receiving different types of probability-based items inside its fantasy adventure PC game MapleStory, becoming the first company here to admit that those “random” items have a preset draw probability. In an apology posted Friday on MapleStory’s official website, Nexon director Kang Won-ki said a misunderstanding occurred due to different interpretations of the word “random.” The company has used the

Power struggle? FSC, BOK bicker over revision of payment settlement law

Tensions between the nation’s financial regulator and its central bank are escalating. The two institutions are at odds over which one should hold supervisory authority in the area of online payment settlements, which are emerging as key financial transactions in this era of the digital economy. Payment settlement is the process through which a merchant receives the money that customers have paid for a particular product or service. Responding to increased demand for online payment sett

Airlines to retain air traffic rights without flying

New move comes as prolonged pandemic continues to hurt aviation industry