

Naver, AfreecaTV rivalry heats up as Twitch exodus begins
Competition depends on securing more female streamers who are key profit sources With Amazon-owned popular game livestreaming platform Twitch’s decision to withdraw from the Korean market, the competition to lure the market leader’s popular streamers and millions of users appears to be in full swing
Dec. 26, 2023 - 16:39:47What‘s at stake in Korea’s digital currency push
Rise of stablecoins threatens central banks; privacy concerns remain a challenge The Bank of Korea is proactively pushing for the introduction of a central bank digital currency to maintain its grip on the sovereign currency amid the continued digital transformation of the finance sector. The BOK ha
Dec. 21, 2023 - 16:40:21What’s behind life insurance companies‘ rush into senior care industry?
Insurance companies are seeking to capture business opportunities in the senior care and retirement community industry with the country quickly approaching having the world‘s oldest population. Tucked into a quiet neighborhood in central Seoul, KB Financial‘s arm for senior nursing care, KB Golden L
Dec. 20, 2023 - 09:05:55Why Hyundai Motor has no plan to adopt Apple’s upcoming CarPlay
Amid hegemony war in future mobility, carmaker focuses on advancing own operating system to secure more control over massive data Hyundai Motor Group could compete head-to-head with Apple in software, a domain where Apple, as the world‘s most valuable company, is known to excel, as the South Korean
Dec. 18, 2023 - 15:38:37Will Kakao‘s first female CEO survive ’glass cliff‘?
Kakako set to take cues from crosstown rival Naver to tackle worst crisis While the South Korean IT industry has historically been dominated by male leadership, leading internet giants Naver and Kakao are seeing a new wave of young female leaders taking the helm and steering the ship through challen
Dec. 17, 2023 - 18:34:39HMM sell-off talks enter stormy waters
Dongwon, Harim at odds over acquisition of Korea’s biggest container shipper The attempt to sell off South Korea’s largest container shipper HMM has been delayed while the two bidders -- Dongwon Group and Harim Group -- continue to battle over the bidding process. Dongwon last week filed a complaint
Dec. 14, 2023 - 15:46:06Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
As global chipmakers are competing fiercely to get their hands on ASML‘s scarce extreme ultraviolet lithography equipment, the enhanced chip partnership between South Korea and the Netherlands this week is creating an upbeat mood for the Korean chip industry. On Tuesday, South Korean President Yoon
Dec. 13, 2023 - 15:46:44How Netherlands has become a top K-food destination
Logistic benefits, coupled with enhanced distribution channels, boost budding affection for Korean food In a surprising but pleasant twist to the global wave of Korean cultural influence, the Netherlands has emerged as a formidable player in its love for Korean instant noodles, kimchi and K-food ove
Dec. 12, 2023 - 15:58:38After roller-coaster year for K-pop stocks, what to expect next year?
Analysts offer rosy outlook, citing Blackpink’s contract renewal, ‘revenge spending’ before BTS comeback in 2025 It was a rough year for K-pop, with big firms‘ shares taking a roller-coaster ride despite outstanding performances, hitting an annual peak in the summer and plummeting in recent months.
Dec. 7, 2023 - 17:12:35Banks, regulators trade blame for snowballing ELS losses
Top banks halt Hong Kong-tied ELS sales; authorities scramble to set compensation rate for investors Korea is in the middle of blame-shifting, as banks face more than 3 trillion won ($2.28 billion) in losses combined in the first half of next year from the sales of equity-linked securities tied to a
Dec. 6, 2023 - 15:51:16China ups OLED ante to take over Korean shares
Competition likely to heat up to secure more Apple orders China’s recent move to ramp up investment in organic light-emitting display panels is stoking fears among Korean display makers that they may face another fierce price war with their Chinese runner-ups, even over the most sophisticated displa
Dec. 5, 2023 - 17:02:29Why tighter US subsidy rules could boost Chinese firms
Korean battery, materials makers face pressure to buy out Chinese partners Tighter rules from the US limiting China-made materials in batteries eligible for electric vehicle tax credits might ironically offer a boon for Chinese companies, who hold huge stakes in joint ventures with South Korean batt
Dec. 4, 2023 - 15:51:29Why foreign investors continue to be net buyers despite short selling ban
Foreign nationals pick up W2.62tr of Kospi shares over past month, with Samsung, SK hynix as top picks Contrary to concerns that the short selling ban would lead to an exodus of foreign funds, offshore investments have flooded into Korea over the past month backed by dovish expectations on US intere
Dec. 3, 2023 - 15:37:07KG Mobility looks to turn to annual profit for 1st time in 7 years
Korean SUV specialist rides upbeat exports, strong sales of Torres KG Mobility is hoping to finish 2023 strong to end the year with a profit for the first time since 2016 on strong sales overseas and the automaker’s bestselling sport utility vehicle Torres. According to a regulatory filing, the Kore
Nov. 30, 2023 - 16:18:17Hyundai to sell vehicles on Amazon in US sales push
Carmaker becomes first legacy brand to go online; Dealer incentives to focus more on EV sales Hyundai Motor Group’s cars will be sold online through Amazon for the first time in the US next year, offering an opportunity for the world’s third-largest carmaker to ramp up sales in the all-important mar
Nov. 27, 2023 - 15:43:12