In a nation of heavy drinkers, a thriving business of hangover cures
As one of the world’s heaviest drinking nations, particularly of liquor, South Korea has a thriving market for hangover remedies, available in all imaginable forms, flavours and…
Corporate Buzz
Alipay to have no controlling stakeholder
An expert said the central bank's acknowledgment of the removal of any controlling shareholder reflects the regulators' increasing emphasis on risk control, anti-monopoly measures…
South Korea’s chaebol leaders heading to CES 2024
SK Group, with its seven subsidiaries, will set up a 1,850-square-meter exhibition booth at the Venetian Expo, themed “SK Wonderland,” to showcase the group’s vision for AI…
Record earnings propel Hyundai Motor to conduct most promotions ever
About 30 per cent of the promotions were made in the technology sectors such as research and development and new business and manufacturing, in line with Hyundai Motor’s aim of…
Will Kakao’s first female CEO survive ‘glass cliff’?
Industry watchers are paying keen attention to how crucial a role the company's first-ever female leader will play in raising the stakes.
Indonesian ministry reprimands TikTok over newly reopened TikTok Shop
The ministry says it found “no significant changes” in TikTok Shop after the feature’s relaunch following TikTok’s collaboration with local e-commerce platform Tokopedia.
Kakao names new chief in push for radical reform
Kakao praised Chung Shin-a’s expertise and experience in the IT sector, as well as her comprehensive understanding of the conflicts and hardships that the company faced in its…
TikTok marks e-commerce return with $1.5 billion deal to acquire Tokopedia
The move comes just two months after the government imposed a new regulation that forced the video platform to stop transactions on its e-commerce app, TikTok Shop.
China’s Alipay+ posts whopping 700% growth in Korea this year
Alipay+ is the global payment and marketing solution of Ant Group, also the operator of the world's largest mobile payment platform Alipay.
Renault Korea prepares for major changes from 2024
As for the consensus among major global automakers to move toward all-electric vehicles soon, the CEO pointed out that hybrids will still be a huge part of the auto market even…