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South Korea reverses ban on overseas direct sales without KC certification in three days
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Latest News from Korea
- Winia cancels acquisition deal with Seoul Private Equity
A 2024 model of the Winia Dimchae refrigerator Winia Co., a South Korean home appliance manufacturer under court-led restructuring, has terminated its conditional acquisition agreement with Seoul Private Equity. In a regulatory filing on Friday, Winia cited the non-payment of the second tranche of the deposit by the private equity firm as the reason for the deal collapse. Seoul PE,… Read more: Winia cancels acquisition deal with Seoul Private Equity - Kia to release PV9 in 2029, retains CEO for 3 more yearsKia’s PV5 concept (Courtesy of Kia) Kia Corp. will launch a new purpose-built vehicle (PBV) model every two years, with the PV9 in 2029 as it is set to release the first model, the PV5, this year under a goal to drive its future growth with PBVs alongside electrification and software-centered mobility transition. South Korea’s second-largest automaker after its… Read more: Kia to release PV9 in 2029, retains CEO for 3 more years
- BNK’s planned acquisition of Hyundai Motor Securities building faltersHyundai Motor Securities building in Yeouido (fourth from left), next to BNK Financial Tower BNK Asset Management Co.’s bid to acquire the Hyundai Motor Securities building in central Seoul has hit a stumbling block as the main tenant, Hyundai Motor Securities Co., exercised its right of first refusal. According to investment banking industry sources on Friday, Hyundai Motor Securities officially… Read more: BNK’s planned acquisition of Hyundai Motor Securities building falters
- Celltrion to cancel $140 mn in treasury shares, stocks upCelltrion researcher (File photo) South Korea’s leading biosimilar drug developer Celltrion Inc. announced on Friday a plan to cancel $140 million worth of treasury shares as part of its efforts to improve shareholder value, raising its stock price. Celltrion said its board of directors decided to cancel 1.1 million shares, equivalent to 0.5% of its outstanding shares and 11% of… Read more: Celltrion to cancel $140 mn in treasury shares, stocks up
- Samsung SDI to raise $1.4 bn in rights offering for facility expansionSamsund SDI’s EV battery mockup displayed during the 2025 Interbattery on March 3, 2025 (Courtesy of News1 Korea) Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to make bold facility and R&D investments to stay ahead of rivals when the global electric vehicle market rejuvenates. The second-largest lithium-ion… Read more: Samsung SDI to raise $1.4 bn in rights offering for facility expansion
Latest Entertainment from Korea
- JUNGBI : DiaryJUNGBI is a solid ballad indie pop EP that presents everything you need to know about her but there could be more variety Written by Chris P for Korean Indie.
- MEOVV Dazzles in Colorful Spread for W Korea’s 2025 Spring IssueK-pop sensation MEOVV is set to grace the cover of W Korea’s upcoming Vol. 4 issue, scheduled for release on March 27, 2025. The highly anticipated magazine features an extensive 50-page pictorial and interview with the charismatic artist, promising fans a vibrant visual feast. The concept for this spring edition revolves around a playful exploration of colors, aptly titled “Colorful:… Read more: MEOVV Dazzles in Colorful Spread for W Korea’s 2025 Spring Issue
- Short Stuff 50 : Wona, HEDA, Gae Ddong, sucozy, Precocious NeophyteA couple of new discoveries but a welcome return listen to HEDA, sucozy, and Precocious Neophyte round out Short Stuff 50 Written by Chris P for Korean Indie.
- FANTASY BOYS Dazzle Fans with Glare-Inspired Concept Photos for ‘UNDENIABLE’ ComebackK-pop sensation FANTASY BOYS is set to make waves once again with their upcoming 4th mini-album, ‘UNDENIABLE’. The group recently unveiled concept photos for the ‘Glare’ version, leaving fans in awe of their striking visuals and fresh concept. The ‘Glare’ version showcases the members in pristine white costumes, exuding an aura of freedom and emotion. This stark contrast to the… Read more: FANTASY BOYS Dazzle Fans with Glare-Inspired Concept Photos for ‘UNDENIABLE’ Comeback
- YOUNITE’s ‘YOUNIVERSE: CONNECTED’ Concert: A Stellar K-pop Debut CelebrationK-pop enthusiasts are buzzing with excitement as YOUNITE, the eight-member boy group under Brand New Music, prepares to launch their first-ever solo concert. Titled ‘YOUNIVERSE: CONNECTED,’ this milestone event is set to take place on April 19 and 20, 2025, at the prestigious Baekjeong Memorial Hall of Yonsei University. The concert’s timing couldn’t be more perfect, as it coincides with… Read more: YOUNITE’s ‘YOUNIVERSE: CONNECTED’ Concert: A Stellar K-pop Debut Celebration
Learn People & History of Korea
- The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan CityAncient Beginnings: The Founding of Busan Busan, known as the second largest metropolitan city in South Korea, has a rich history that dates back to ancient times. The earliest recorded existence of Busan can be traced to the Goryeo Dynasty, where it was referenced as a vital coastal settlement. Its strategic location along the southeastern coast of the Korean Peninsula… Read more: The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan City
- The Evolution of Pyongyang: A Journey Through History, Economy, and Political DynamicsIntroduction to Pyongyang Pyongyang, the capital city of North Korea, serves as a prominent symbol of the nation’s history and culture. Geographically located on the banks of the Taedong River, in the southwest part of the country, Pyongyang is situated within a strategic area that has historically facilitated trade and cultural exchange. The city’s origins can be traced back to… Read more: The Evolution of Pyongyang: A Journey Through History, Economy, and Political Dynamics
- The Evolution of Seoul: From Ancient Korea to Modern Metropolis and BeyondAncient Beginnings: The Founding of Seoul The city of Seoul, known today as the vibrant capital of South Korea, has ancient roots that trace back to the Three Kingdoms period of Korea, specifically the kingdoms of Baekje and Silla. Evidence suggests that Seoul was originally established as a settlement given its strategic geographical advantages. Nestled within the Han River basin,… Read more: The Evolution of Seoul: From Ancient Korea to Modern Metropolis and Beyond
- Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3Introduction to Korean Traditional Games Korean traditional games have long been an integral part of the country’s cultural landscape, offering more than mere entertainment. These games, which range from simple children’s pastimes to complex community activities, hold significant cultural significance and often serve as a means of preserving history and promoting social interaction. Rooted in centuries of tradition, these games… Read more: Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3
- Unveiling the Past and Present of Saju: The Art of Korean Fortune TellingIntroduction to Saju Saju, a traditional Korean fortune-telling practice, is an intricate art that seeks to interpret an individual’s fate based on their birth date and time. The term “Saju” translates to “four pillars” in English, referring to the four critical components derived from these time markers: year, month, day, and hour. This method holds significant cultural value within South… Read more: Unveiling the Past and Present of Saju: The Art of Korean Fortune Telling
