Korea Tourism Organization to host K-Tourist Festival in Japan

The Korea Tourism Organization announced on Thursday that it will hold a "K-Tourism Festival" on Apr. 21-22 in Hiroshima and Fukuoka, the key market...

Aespa, other SM artists to join BTS' K-pop fan platform

SM Entertainment Co.'s artists such as aespa and NCT are set to join HYBE Co.'s fan engagement service., boosting the competitiveness of the platfor...

POSCO Group plans talks with former US diplomat

Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...

Ferrari, Stellantis head Elkann to visit Samsung for biz talks

John Elkann, chairman of both Italian luxury sports car manufacturer Ferrari S.p.A. and Dutch-domiciled multinational automaker Stellantis N.V., is ...

Kakao will launch Korean-specific vertical AI in year's first half

Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, by the first half of the year will launch an...

Kobiolabs, Kakao Healthcare to explore microbiome-based precision medicine solutions

Kobiolabs Co., South Korea's new drug development company for microbiomes, announced on Tuesday that it has signed a memorandum of understanding for...

Kakao's tender offer for SM Ent. twice oversubscribed

South Korea’s Kakao Corp. has secured 40% of SM Entertainment Co. as planned, wrapping up its 1.25-trillion-won ($960 million) takeover bid fo...

HYBE accepts Kakao’s tender offer to exit SM Entertainment

HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to sell its shares in the...

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

Kakao halts its own AI chatbot beta service a day after release

Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, has introduced its first artificial intell...

HYBE to buy 2 labels in the Americas after dropping SM bid

HYBE Co., the company behind global sensation BTS, plans to acquire at least two prominent labels in the Americas this year as it aims to become a m...

Kakao, HYBE shares rally on reconciliation but SM shares tank

Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...

Timeline of HYBE's failed bid for SM vs Kakao

(All dates in 2023) -- Jan. 15: Align Partners Capital Management filed proxy litigation against SM Entertainment Co. Founder Lee Soo-man and seven...

HYBE withdraws bid for SM in $1 bn battle with Kakao

South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...

Will SM shares’ bull run foil Kakao’s takeover attempt?

The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...

Kakao Brain launches web service to turn imagination into images

Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., launched an open beta version of "B^ EDIT," a web service tha...

Kakao to launch takeover bid for SM to counter HYBE

Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...

HYBE barely ups SM stake in tender offer amid tensions with Kakao

HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...

HYBE to raise up to $769 mn, new twist on battle with Kakao for SM

HYBE Co. is tightening the reins in its fight against Kakao Corp. for control of SM Entertainment Co. by raising up to 1 trillion won ($768.6 millio...

HYBE wins 2nd battle against Kakao over SM Entertainment

A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...

Kakao Healthcare to launch diabetes monitoring app

South Korea’s dominant mobile platform Kakao Corp. will kick off its healthcare services this year with the launch of a diabetes monitoring ap...

HYBE loses 1st battle against Kakao for SM Entertainment

South Korea’s HYBE Co. lost its first battle against dominant local mobile platform Kakao Corp. over SM Entertainment Co. as the label behind ...

Kakao Impact, KAIST team up for social change through technology

Kakao Impact, a corporate foundation of Kakao Corp., South Korea’s top mobile platform company, said on Tuesday it has agreed to work with the...

Kakao vows to thwart HYBE scheme for SM control

Kakao Corp., South Korea’s dominant mobile platform, said on Monday it would mobilize all possible countermeasures against HYBE Co. ’s a...

Kakao Brain to launch investment fund for AI startups

Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., said on Sunday it plans to set up a fund of up to 10 billion ...

KHNP, Westinghouse in talks to resolve Poland reactor dispute

Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Co. are in negotiations to settle their dispute over reactor design licensing, ...

HYBE cries foul over SM, Kakao’s undisclosed deal

HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...

HYBE not to raise tender offer price for SM Entertainment

HYBE Co., the label behind the world’s top boyband BTS, said it does not plan to raise its buying price for SM Entertainment Co., denting hope...

S.Korea's Kakao Enterprise introduces Matching 2.0 strategy

Kakao Enterprise, a leading IT platform business operator in South Korea, recently announced its "Matching 2.0" strategy to enhance the quality of s...