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Reporter : Lee Kyung-min
Tue, May 30, 2023 | 14:33
Kakao to create synergy with SM Entertainment
Kakao's high-tech IT value chain distribution channels will be combined with SM Entertainment's extensive intellectual property (IP), leading to mutually beneficial business expansion, the company CEO said Tuesday. Kakao and its entertainment subsidiary Kakao Entertainment together acquired a 39.87 percent stake in SM Entertainment, a leading local cultural content agency.
Bid Committee for World Expo 2030 Busan signs MOU with Hyundai Motor Group
The public-private committee promoting Busan's bid to host the World Expo 2030 has signed a memorandum of understanding (MOU) with Hyundai Motor Group, in a coordinated effort to illustrate the capabilities of Korea's infrastructure and technological advancements in high-tech and green electric vehicles (EVs), market watchers said, Tuesday.
Baby Shark named as 5th brand ambassador for World Expo 2030 Busan
The public-private committee promoting Busan's bid to host the World Expo 2030 has selected Baby Shark as the official ambassador for the international event, in an effort to help the Korea-originated global viral sensation raise awareness of the importance of a global coalition to counter climate change, the committee said Tuesday.
Kangwon Land's self-developed slot machines take off in Southeast Asia
Kangwon Land has opened a liaison office in Manila, the capital of the Philippines, to step up full-fledged sales and promotional activities of its own slot machine brand, KL Saberi, the state-run casino operator said Monday. By opening the liaison office, Kangwon Land hopes to boost its sales activities targeting casinos in Southeast Asia, including the Philippines.
Hyundai Glovis enters clean energy business
Hyundai Glovis, the logistics affiliate of Hyundai Motor Group, and GS Energy, the energy affiliate of GS Group, have teamed up to fortify ammonia-hydrogen energy cooperation, according to market watchers, Monday. The two signed a memorandum of understanding at Hyundai Glovis' headquarters in Seoul.
Samsung Display strike looms due to deadlocked wage negotiations
Samsung Display, the display manufacturing affiliate of Samsung Group, is facing a growing risk of a labor strike, the latest development in a months-long deadlock in wage negotiations between management and unionized workers, according to the firm and market watchers, Friday. The unionized workers said they plan to file a request for dispute resolution with the National Labo...
Over 70% of firms unwilling to embrace longer workweek
More than seven out of 10 firms said they are not willing to embrace the recently proposed longer workweek, a study showed Friday. Of those who said they would, almost three-quarters said the longer workweek will be implemented only temporarily in the event of a short-term demand surge, production disruption due to equipment malfunctions or peak season.
Hyundai Motor makes used car business official
Hyundai Motor has added financial product sales and auto dealership businesses to its list of corporate activities, in a declaration to enter the used car market, the auto giant said on Thursday. Among its new growth objectives was the auto giant becoming a leader, defined by software-centered operation. The plan, according to the firm, is a gradual step towards transitioning...
Will Apple Pay launch boost local iPhone sales?
Market analysts are divided over whether iPhone sales will dramatically increase to over 30 percent of the total market share in Korea after the launch of Apple Pay, a contactless mobile payment service provided by global tech titan Apple, two days ago. Most said, Thursday, that an Apple Pay-driven increase in local sales of the iPhone will not dramatically increase, not at l...
Korea-Japan communication channels to resume for energy, chips, supply chain cooperation
Korea will resume its communication channels with Japan for fortified cooperation in energy, chips and supply chains, the trade minister said Wednesday. Minister of Trade, Industry and Energy Lee Chang-yang said Korea will withdraw a World Trade Organization (WTO) suit against Japan's curbs on three key materials needed to manufacture semiconductors and displays this week.
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