Works by filmmakers from Korea and Association of Southeast Asian Nations member countries will be screened at the Korea Foundation ASEAN Culture House in Busan in December. Films to be screened include the works of directors who participated in the Film Leaders Incubator, a film-making training program organized by the Busan Film Commission and funded by the ASEAN-ROK Cooperation Fund. Also known as FLY, the program accepts aspiring filmmakers from ASEAN member countries and South Korea, and pr

Popular South Korean over-the-top streaming services Tving and Wavve are reportedly seeking a merger, according to the media reports on Wednesday. Currently, entertainment giant CJ ENM owns Tving, while conglomerate SK Square runs Wavve. The two OTT brands are seeking a merger to increase their share of the local OTT market, aiming to clinch the deal in December, according to a local media outlet, citing industry sources. According to the report, CJ ENM will become the largest shareholder of t

Subscription rates for streaming services are rising amid already high inflation, and such price hikes are stoking a boom in Koreans' use of illegal streaming sites. Local streaming service Tving is the latest to jump on the bandwagon, raising its subscription price some 20 percent starting in December. The subscription price for Tving's basic plan -- which allows content viewing at a resolution of 720p and is limited to one viewer at a time -- will rise by 20.3 percent from 7,900 won

SINGAPORE -- A picturesque scene unfolds at the Jewel Changi Airport -- a lush entertainment and retail complex hemmed in and connected to Changi Airport, the main gateway to Singapore. The metallic-hued automated people mover dubbed the Changi Airport Skytrain smoothly glides across a rail standing high off the ground to carry the passengers to their destinations in an average of four minutes. Across from the rail on which the APM leisurely transports passengers, water pours down with thunder

BATAM, Indonesia -- Indonesian workers in red vests and yellow helmets can be seen rushing to and fro across sparsely-situated construction sites at the airport, conversing animatedly as they carry metal rods and other construction equipment to fulfill their duties. This airport, which is currently undergoing construction, is Batam Hang Nadim International Airport at Batam, Indonesia -- a 571 billion won ($440 million) public-private partnership led by a consortium between Korea's Incheon I

Getting a snack shouldn't be this difficult. To get a packet, you must outpace rival shoppers who constantly check convenience stores applications for restocking alerts. Otherwise, the only way to get the 1,650 won ($1.26) product is by buying it online for more than double the price. The snack in question is Nongshim's pungent, addictive fish-flavored snack, Meoktaekkang. Based on "meoktae," a type of pollack, this salty, sweet snack seasoned with zingy green chili pepper, i

Korea Agro-Fisheries & Food Trade Corp. on Thursday declared "Global Kimchi Day" to raise awareness about the Korean staple food globally, together with Korean food buyers and foreign diplomats during the Buy Korean Food trade fair in Seoul. The state-run food trade agency, known as aT, has already celebrated Nov. 22 as Kimchi Day following a revision to the Kimchi Industry Promotion Act in February 2020. At Thursday’s event, aT vowed to seek the day’s global recognitio

The Korea Agro-Fisheries & Food Trade Corp. said Wednesday it has launched a consultative body to promote low-carbon diets, against the backdrop of escalating calls to combat climate change. According to the food trade agency, the newly launched Low-carbon Diet Campaign Forum aims for the voluntary cooperation of officials from some 600 institutions -- such as major K-food buyers and international Korean organizations -- to spread low-carbon diet practices. A low-carbon diet refers to the co

Korea Airports Corp. said Tuesday the head of the state-run airport operator met with the head of Japan Airport Terminal, in a bid to discuss the two airport operators' future strategies for airport operations. According to the KAC, Chief Executive Officer Yoon Hyeong-jung met with Isao Takashiro, the CEO of Japan Airport Terminal, during the two airport operators' annual meeting, which was last held in 2019, took place in Tokyo on Monday. The KAC currently operates Gimpo International

Kakao founder Kim Beom-su said he will review the entirety of the platform giant's services and businesses, including management personnel, from the ground up, ahead of an emergency management meeting held earlier Monday. "(We will) aim to become a company that meets the public's standards by reassessing all of (Kakao's) services and businesses," Kim told reporters at Kakao Mobility's headquarters in Pangyo, Gyeonggi Province. Kim, who currently serves as the head o

INCHEON -- At CJ Logistics' Global Distribution Center, a total of 140 red, box-shaped robots with four wheels zoom across rows of stacked-up bins. The robot then drops down wires and hoists up a bin filled with goods. Carrying the bin, the robot scurries along the metal railings, transporting the bin to the packaging station, where an employee selects a set number of items from the bin to pack into a box for delivery. The robot then bustles back again and heads for another bin, repeating t

South Korea's tourism and retail industries have long been dependent on China's big spenders traveling to the country in tour groups. So when the Chinese government lifted a travel ban on group tours for its nationals in August, expectations were high about a possible surge in Chinese travelers, the biggest spenders among visitors here, after years of pandemic disruptions. After three months, there is little sign of the so-called “Chinese spending boom.” Experts say that ov

South Korean e-commerce giant Coupang announced record third quarter earnings amid an increase in its customer numbers and the strong performance of its core businesses. Coupang has continued its winning streak for five consecutive quarters since reporting profits for the first time in 2022. According to the New York-listed company's earnings conference call Wednesday, the company's quarterly sales for the July-September period logged $6.18 billion, posting on-year growth of 21 percent

Global tobacco giant British American Tobacco Group discussed its future design strategies during a design conference held in Seoul last week, highlighting the social and ethical responsibilities industrial designers must undertake when designing heating tobacco products, according to the company on Monday. "The role of designers is changing, from simply designing products to assuming social and environmental responsibilities. This (new role) is not a choice for individual designers to mak

South Korean pharmaceuticals firm SK Bioscience is ramping up efforts to enhance cooperation with global health care officials, especially in the biopharmaceuticals field in the post-pandemic era. According to the company on Monday, Jean Kaseya, director general of the Africa Centers for Disease Control and Prevention, visited the Korean firm's headquarters on Friday to discuss collaborative measures supporting African countries in developing their own vaccines. During the meeting, the tw

Prices of Korean beef rose following a series of lumpy skin disease breakouts in cattle across the country, data released Thursday showed. According to data from the Korea Institute for Animal Products Quality Evaluation, the wholesale prices of Korean beef logged an average of 19,365 won ($14.25) per kilogram as of Wednesday. The price saw a 6.5 percent increase compared with 18,179 won a week ago prior to the outbreak. The first confirmed case of lumpy skin disease was reported last Friday. Du

Samsung Biologics said Wednesday it exceeded 1 trillion won ($741 million) in quarterly sales for the first time, following the operation of its fourth plant and profits generated by long-term contract manufacturing orders. According to regulatory filings for the July-September period, Samsung Biologics’ quarterly sales on a consolidated basis hit a record high of 1.34 trillion won, marking 18 percent on-year growth. Operating profits were 318 billion won during the same period, down 2 per

KT Corp. said Tuesday it will establish a digital infrastructure in Saudi Arabia together with Hyundai Engineering & Construction and Saudi Telecommunication Company (Saudi Telecom), in line with the kingdom’s aims to diversify its industry structure under Saudi Vision 2030. KT said that it signed a memorandum of understanding with Hyundai E&C and STC Group – the parent organization of Saudi Telecom -- in Riyadh on Monday during President Yoon Suk Yeol’s state visit to

Samsung Biologics said Tuesday it inked a partnership with Kurma Partners, a French venture capital firm specializing in financing health care companies, to offer a variety of drug-related services to Kurma Partners' portfolio companies. Under the partnership, Samsung Biologics will provide biotech companies invested in by Kurma Partners with its customizable chemical, manufacturing and control solutions. Customizable CMC solutions refer to drugs-related services such as the development of

Eugene Group, a mid-sized South Korean conglomerate with businesses ranging from distribution to finance, has become the largest shareholder of local news channel YTN, according to industry sources on Monday. The group reportedly acquired a 30.95 percent stake in YTN for about 319.9 billion won ($236 million). The stake in question was previously owned by the state-run Korea Electric Power Corp.’s subsidiary Kepco KDN, an electric power grid service company, and the Korea Racing Authority.