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South Korea’s tax agency has decided to levy tax penalties of 6 billion won ($5.04 million) on troubled YG Entertainment, according to industry sources on Sept. 17. The decision by the National Tax ...
SINGAPORE -- UK-based industrial software developer Aveva said Sept. 17 it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projec...
South Korean companies continued to suffer setbacks in their sales and profits in the second quarter amid slower economic growth and sluggish exports, central bank data showed Sept. 17. In the Ap...
South Korean shared kitchen startup Ghost Kitchen announced on Sept. 16 that it has secured additional funds worth 9.2 billion won. Its existing investors including startup accelerator Schmidt and s...
KT&G, South Korea’s dominant tobacco company, on Sept. 16 announced that it has launched new tobacco sticks MIIX Classy for its heat-not-burn device lil Hybrid. The tobacco maker emphasized that cus...
Medytox has participated in the seed-funding round of US startup LifeSprout, according to industry sources on Sept. 16. Although the Korean company declined to confirm the specific amount that it ha...
South Korean imports of Japanese beer fell 97 percent in August from a year earlier due to a boycott of Japanese products amid a bilateral trade spat, data showed Sept. 16. The value of imports o...
Korean pharmaceutical companies are making inroads into the Central and South American markets, betting on their steady growth. Samsung Bioepis, Celltrion Healthcare, Boryung Pharmaceutical, CJ Heal...
South Korean biopharmaceutical firm Celltrion announced Sept. 10 that its breast cancer biosimilar has been approved for sales in Canada. The regulatory body Health Canada has approved the data from...
Hyundai Motor on Sept. 10 unveiled its all-electric concept car at the Frankfurt Motor Show as it strives to strengthen its lineup with environmentally friendly models. The EV concept 45 adopts t...
South Korea’s Supreme Court has approved a grace period for Samsung BioLogics to defer the implementation of penalties imposed by the financial authorities by up to 30 days, the biopharma firm said...
Delta Air Lines said on Sept. 10 it has increased its stake in Hanjin KAL, the parent company of Korean Air, in what it called a long-term investment. In a report to the main bourse operator Korea E...
South Korea’s financial regulator has recommended e-commerce firm Coupang to establish a plan to improve its management for increasing capital, according to industry sources on Sept. 9. "This recomm...
Hyundai Motor Group, South Korea’s top automotive group, said Sept. 9 it plans to enter the renewable energy market along with local solar energy firm OCI. Under the memorandum of understanding, ...
Unionized workers at GM Korea on Sept. 9 staged a full-scale strike for the first time in 22 years as they demand an increase in wages despite warnings from the company’s global headquarters. The...
Huawei set to continue foldable hype with Mate X launch
Nasdaq-listed Cognex acquires S. Korean AI startup Sualab
Eastar Jet denies sale rumor
Himedi rides on ‘medical Hallyu’
Proptech startup Kasa snaps up W7b in series A funding
S. Korean telcos’ cable network M&A process drags on
CarrieSoft to raise W8.2b in 2nd IPO attempt
Ministry orders Medytox to scrap Meditoxin inventory for exports
October 21, 2019
