Online shopping in S. Korea hits record high 16.1 trillion won in May
Jul 07, 2021 23:22 pm UTC| Economy Business
South Koreas online shopping transactions hit a record high of 16.1 trillion won in May, up 26 percent from a year earlier, as the pandemic induced a contactless trend. The May figures marked the largest since November...
Netflix partners with S. Korea’s Dexter Studios for post-production works
Jul 07, 2021 09:57 am UTC| Business Economy
Netflix and Dexter Studios joined hands to work for post-production requirements such as sound and visual effects. It was reported that Dexter Studios, a leading post-production company in South Korea, and its subsidiary,...
LG reportedly aiming to boost business with Apple after exiting from smartphone biz
Jul 07, 2021 09:39 am UTC| Business Economy
LG Group is reportedly looking to further push its business relationship with Apple. This comes after the company decided to withdraw from the smartphone business. Yonhap News Agency noted that there are rumors that LG...
Hyundai Pharm applied for approval to market abortion pill
Jul 07, 2021 09:22 am UTC| Business Economy
Hyundai Pharmaceutical revealed on Tuesday, July 6, that it has submitted an application so it can start selling its abortion pill in South Korea. The company filed for authorization to market at the Ministry of Food and...
Biofuel production from palm oil developed by South Korean defense agency for jets
Jul 07, 2021 08:55 am UTC| Business Economy
The South Korean state defense research agency was said to have developed technologies to produce palm oil-based biofuel for jets. Based on the report, the agency acquired the production technique through a series of...
Naver and Marvel take on Kakao and DC in superhero webtoon rivalry
Jul 07, 2021 08:17 am UTC| Economy Business
South Korean platform giants Naver Corp. and Kakao Corp. have joined forces with competing American comic book publishers Marvel and DC to roll out superhero webtoons and intensify the competition. Naver has partnered...
Dozens of imported electric vehicles are coming to S. Korea by 2023
Jul 07, 2021 07:59 am UTC| Business Economy
Imported electric cars are set to arrive in South Korea in the coming years. Based on the report, foreign car brands are bringing at least 54 EV models to the country by 2023. Sales increase for eco-friendly This...
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