
S. Korea to heftily fine 'backdoor online advertising' participants beginning Sept.
Aug 12, 2020 20:22 pm UTC| Business
South Korean social media influencers and their corporate sponsors would be slapped fines of up to 2 percent of related sales and revenue or 500 million won for failing to disclose business ties before pitching a new...

AIS to collaborate with Nadao for Thailand's first virtual reality content
Aug 11, 2020 22:25 pm UTC| Business
Advanced Info Service (AIS), the largest Thai mobile operator by subscribers, would collaborate with artist management and production house Nadao Bangkok to create Thailands first virtual reality (VR) content. According...

Samsung Electronics still most valuable S. Korean brand, estimated at 67.7-T won
Aug 11, 2020 21:18 pm UTC| Business
The brand value of Samsung Electronics Co. went up 2 percent from a year ago to 67.7 trillion won, the largest among South Korean companies. Hyundai Motor, South Koreas No. 1 automaker, came in second with an estimated...

Online tours gaining popularity in Japan
Aug 11, 2020 19:19 pm UTC| Business
Online travel is experiencing a boom in Japan with some tour products allowing participants to view countryside scenery, interact with locals, and enjoy local specialties. Travel companies are trying to meet growing...

Samsung Biologics to invest 1.74-T won on super plant
Aug 11, 2020 17:16 pm UTC| Business Investing
Samsung Biologics would invest 1.74 trillion in building a massive fourth plant in Songdo, Incheon, that would employ 1,800 new employees by 2023 and produce 256,000 liters of drug substances in a single...

Nokia smartphone maker gets $230-M investment to accelerate 5G development
Aug 11, 2020 15:20 pm UTC| Business
Nokia-branded smartphones manufacturer HMD Global secured $230 million of investment from partners including Google, Qualcomm, and Nokia Technologies to help accelerate its development of 5G devices. The funding round...

Korean shipyards dislodge Chinese rivals for top spot in July orders
Aug 11, 2020 12:16 pm UTC| Business
South Korean shipbuilders received 12 new orders amounting to 500,000 compensated gross tons (CGTs) in July to their Chinese rivals for the No. 1 ranking in new shipping orders for the first time this year. The 500,000...
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