S.Korea taps ex-NASA exec John Lee as space agency R&D head
South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...
HYBE to fire NewJeans agency CEO; Min refutes accusation
HYBE Co. is seeking to sack Min Hee-jin, the chief of ADOR, its label behind globally popular girl group NewJeans, as it investigates allegations th...
Kakao Entertainment, Billboard to collaborate for K-pop
South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on W...
Lotte Home Shopping expands Japan tour packages
South Korea's Lotte Home Shopping said on Tuesday that it will expand its range of travel packages to Japan, including trips to Kyushu and Okinawa, ...
Hanatour makes turnaround through restructuring, premium packages
When IMM Private Equity Inc. acquired a 16.68% stake in South Korea’s top travel agency Hanatour Service Inc. for 128.9 billion won ($95.7 mil...
IMM PE puts South Korea’s top travel agency Hanatour up for sale
IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...
Interpark Triple launches travel platform Triple Korea
South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...
Yanolja, Interpark Triple, Modetour to team up for package travel
South Korea’s top travel and accommodation platform Yanolja Co., its subsidiary Interpark Triple, and Modetour Network Inc. announced on Tuesd...
S.Korea’s travel deficit widens to 1-year high in January
South Korea’s travel account deficit reached its highest level in one year in January as a greater number of Koreans spent their winter break ...
Taihan Cable develops 154-kV UHV submarine cable
South Korea's Taihan Cable & Solution Co. announced on Thursday that it has completed the development of a 154-kilovolt (kV) ultra-high-voltage ...
BTS agency HYBE logs record sales backed by albums, concerts
HYBE Co., the agency behind K-pop sensation BTS, last year logged the highest-ever annual revenue for a South Korean entertainment company, backed b...
South Korean apps for foreigners' daily life, travel on the rise
The South Korean mobile app market is seeing fast growth of platforms targeting foreign users in the country alongside their increasing demand for a...
S.Korea’s November travel account deficit doubles vs October
South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...
South Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
ViGenCell, NK/T cell lymphoma treatment ‘VT-EBV-N’ designated as orphan drug in Europe
ViGenCell, a company specializing in immune cell therapy, announced on the 19th that its NK/T cell lymphoma treatment "VT-EBV-N" has been designated...
KOWEPO inks $302 mn financing deal for Oman solar project
Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...
Hanwha Aerospace to export more K9 howitzer to Poland
Hanwha Aerospace Co. announced on Monday that it signed a $2.6 billion executive contract with the Polish State Armament Agency to export additional...
Ananti to go solo in Busan without Hilton
Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...
Asiana collaborates with China's Ctrip for live commerce broadcast
Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...
Innocean to enter Japanese ad market
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Monday it signed a memorandum of understanding...
World’s first test driving hydrogen train succeeds in Ulsan
The world's first test driving hydrogen-electric tram succeeded in Ulsan, South Korea. According to Ulsan Metropolitan Government officials, th...
South Koreans, frugal at home, open wallets abroad
Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...
VCs give thumbs up to EV, parts/materials, travel tech
The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...
Netmarble sells 6% stake in BTS label HYBE in block deal
South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation ...
Socar launches car-sharing service with Naver's generative AI
South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...
Space industry to usher in Saudi Arabia's 2nd boom: KAI
Korea Aerospace Industries Ltd. (KAI) on Wednesday signed a memorandum of understanding with the Saudi Space Agency (SSA) to collaborate broadly in ...
S.Korean airlines see 12.87 mn int’l passengers in Q3 2023
South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...
Samsung Elec to develop spam filter with public web body
Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...
