Kakao buys Loen and its MelOn music service

Kakao announced Monday it bought a controlling share of Loen Entertainment, operator of Korea’s top digital music streaming-download service MelOn, for 1.87 trillion won...

Kia promises driverless cars by 2030

Kia Motors said Wednesday it will roll out fully driverless cars within the next 15 years. During the Consumer Electronics Show (CES) 2016 being held...

Big companies to see ranks shift

More than half of the large corporations in Korea are expected to see their ranking fluctuate in 2016 as they try to keep up...

Korean companies to break dividend payout record

Korean companies listed on the Kospi and Kosdaq are expected to break the record for dividends paid to shareholders in 2015, a local brokerage...

With success in Korea, webtoons look abroad

Backed by the craze for Internet-based comic strips, or webtoons, at home, platform operators are bringing their entertaining content to a wider base of...

2015 was just fine for some industries, awful for others

The year 2015 was marked by the stellar performance of pharmaceuticals and cosmetics companies. While cosmetics companies took the crown as a star performer for...

For second year, Sonata is nation’s top vehicle

Hyundai Motor’s Sonata sedan will probably be the best-selling car of the year in the domestic market, clinching the No. 1 position for the...

Shake Shack is coming to Korea

Shake Shack, a New York-based global burger chain, will launch in Seoul next year in partnership with Korean bakery giant SPC, according to the...

Universal Studios comes to Korea

The world’s fifth Universal Studios will open in Hwaseong, Gyeonggi, as early as 2020. The decision came a decade after a plan to bring...

Nongshim Goes Global with Farmer’s Heart

Although Nongshim is a very well known and popular brand in South Korea, dominating the ramen landscape by boasting a 70% market share, the...

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