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Fri, December 9, 2022 | 18:16
For globalization of K-pop
Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, right, and World K-Pop Center (WKC) CEO Park Seong-jin hold copies of the memorandum of understanding regarding enhanced global networking at the KOIMA headquarters in Seoul, Friday. KOIMA vowed to invite WKC's K-pop artists to its events attended by diplomats and foreign guests. Courtesy of KOIMA
Korea advised to find opportunities amid challenging US trade policies
Two international relations professors and a lawyer specializing in economic sanctions urged the Korean government and conglomerates here to upgrade their ties with U.S. partners, so as to maximize benefits from the recent U.S. trade policies that intend to revitalize the American manufacturing industry by restraining the growth of Chinese firms.
Google Korea head accused of perjury at Assembly audit
Google Korea Country Director Kim Kyoung-hoon was referred to prosecutors late on Monday after being accused of perjury during last week's National Assembly audit. When Kim was called last Friday as a witness to testify at the Science, ICT, Broadcasting and Communications Committee's audit of the Korea Communications Commission, Kim drew criticism from lawmakers for avoiding ...
Legoland crisis spreads across corporate world
A default in project financing for the construction of the Legoland Korea amusement park in Gangwon Province has not only caused concerns over the possibility of a series of bankruptcies of securities firms and builders, but has also made it more difficult for big businesses to raise money, according to industry officials, Tuesday. Even before the Gangwon provincial governmen...
Kakao, Naver founders apologize for service disruptions
The founders of Kakao and Naver, as well as the chairman of SK Group, made public apologies during the last session of this year's National Assembly audit, for the inconvenience caused by a fire on Oct. 15, which damaged the servers of Kakao and Naver based inside SK C&C's building in Seongnam, Gyeonggi Province.
Will SK Chemicals, Aekyung be sanctioned for deceptive humidifier disinfectant ads?
The Fair Trade Commission (FTC) held a plenary meeting on Monday to decide how to sanction SK Chemicals and Aekyung Industrial over three online advertorials claiming that their humidifier sanitizers are harmless. The products, which had been manufactured by SK Chemicals and sold by Aekyung Industrial, are among the various humidifier disinfectants to have been sold in Korea ...
Kakao Mobility criticized for insufficient compensation to taxi drivers affected by outage
Kakao Mobility announced on Wednesday that it will pay 7,550 won ($5.30) to taxi drivers and 4,260 won to chauffeurs, who have paid the company's membership service fee, as compensation for losses incurred due to the service outage that occurred last Saturday's as a result of a fire at Kakao's main data center in Seongnam, Gyeonggi Province. The mobility service provider's de...
Lotte E&C weighs on Lotte Chemical amid worsening biz environment
Lotte Chemical is facing growing concerns over the possibility of suffering financial risks, due to loans extended recently to the group's construction unit, Lotte E&C, according to industry officials, Friday. Lotte E&C said late Thursday that it signed a contract with Lotte Chemical to borrow 500 billion won ($348 million) at an annual interest rate of 6.39 percent, on the c...
Specter of bankruptcy looms over builders
Domestic builders are facing growing concerns over the possibility of a series of bankruptcies amid worsening investor sentiment in the wake of the recent slump in the real estate market, according to industry officials, Thursday. Late last month, Wooseok Construction, a medium-sized builder based in South Chungcheong Province, failed to repay its debt in time. If the company...
Kakao, SK in blame game over fire at data center
SK On, the battery manufacturing subsidiary of SK Group, is facing an allegation that a spark from its battery inside SK C&C's data center building in Seongnam, Gyeonggi Province, caused the worst-ever disruptions in Kakao's digital services last weekend, according to industry officials, Thursday. Kakao CEO Hong Eun-taek said at Wednesday's press conference that a lithium-ion...
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