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Reporter : Kim Bo-eun
Fri, July 1, 2022 | 02:03
[ANALYSIS] Korea asked to offer more tax, R&D benefits for chip industry
Concern is growing over Korean chipmakers losing their edge at a time when major economies are stepping up support for key industries including semiconductors and batteries for electric vehicles (EVs). The government is urged to speed up provision of necessary support in R&D and investments into production facilities to prevent these firms falling behind major competitors.
Net regulator hints action against Netflix
Korea's broadcasting and telecom regulator implied Tuesday that it is open to working with its overseas counterparts in addressing the issue of getting content providers such as Netflix to pay network fees. Netflix does not pay telecom companies to use their networks, which has become an issue for the network operators, given that the surge in traffic is requiring network upg...
Genesis offers glimpse of flagship G90 sedan
Hyundai Motor's Genesis luxury vehicle division unveiled on Tuesday the exterior of its newest premium flagship sedan, the G90. The model, known to incorporate Level 3 self-driving features, is projected to be launched in late December. Courtesy of Hyundai Motor
SK On considers pre-IPO for financing investments
SK's battery affiliate is moving quickly to secure much-needed funds to finance aggressive investments in the U.S. and China. SK Innovation split off its battery business in October into a wholly owned subsidiary, SK On, as a means to raise funds via an IPO.
Eastar Jet to start fresh with stock retirement
Eastar Jet has cleared former shareholders as it takes steps according to its restructuring plan approved by a Seoul Court earlier this month. The Seoul Bankruptcy Court earlier this month approved the budget carrier's restructuring plan, enabling property developer Sung Jung to proceed with its planned acquisition.
Seasoned strategist named as LG COO
A seasoned strategist was appointed as the chief operating officer of the country's fourth-largest conglomerate.
[ANALYSIS] Samsung facing mounting tasks after Lee's US trip
Samsung chief Lee Jae-yong's first trip to the U.S. in five years was meaningful in some ways. He met with White House officials to discuss Samsung's role in addressing supply chain problems. Samsung also finally announced its selection of Taylor, Texas, as the site for its upcoming $17 billion foundry plant.
LG Energy Solution gearing up for January IPO
LG's battery affiliate is on track for its IPO, which is set to take place in January of next year. LG Energy Solution (LGES) has moved aggressively to make up for damage and restore market trust in the past months following battery fires, and now awaits its planned debut on the local stock market. The Korea Exchange is currently reviewing the battery maker's filing for its I...
NFTs emerging as blue ocean for game companies
Non-fungible token (NFT)-related stocks are all the rage, with game developer stocks spiking in recent weeks after they unveiled plans to launch relevant businesses. Korea's major game companies such as Pearl Abyss, Kakao Games and Wemade now are in the top ranks on the secondary KOSDAQ bourse in market capitalization. Even amid the upward trajectory of the stocks, analysts a...
Disney Plus subscribers complain about low-quality subtitles
It has only been a few weeks since Disney Plus launched in Korea, but a negative sentiment is building around the U.S. entertainment giant's video streaming service, based on sub-par Korean language subtitles. Posts are flooding online such as on Twitter and Naver, with captures of absurd subtitles that were translated from English into Korean.
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