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Sunday, March 18, 2018

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‘PlayerUnkonwn’s Battlegrounds, a survival shooting game developed by BUBG Corporation (photo courtesy : Bluehole)

Getting Much Attention from Hollywood

16 March 2018 - 1:15pm
Choi Mun-hee

The Korean player game ‘PlayerUnkonwn’s Battlegrounds,’ which is enjoying strong popularity at home and abroad, is receiving a lot of attention from the US video contents market.

According to industry sources on March 15, PUBG Corporation, which created ‘PlayerUnkonwn’s Battlegrounds,’ recently received an offer from Netflix, the world's largest online video streaming company, to co-produce video contents using the game. Not only Netflix but also other American film producers proposed making a ‘PlayerUnkonwn’s Battlegrounds’ film to PUBG Corporation.

"Netflix has sent a...

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Short-selling stocks of Celltrion were offered almost every day to March 14 from February 9 when the company moved to the KOSPI market.

Tightened Regulations Needed

16 March 2018 - 1:00pm
Choi Mun-hee

Celltrion, which relocated to the KOSPI market from KOSDAQ market due to short selling, is still suffering from short selling at the KOSPI. More than 10,000 people have filed petitions on the website of Cheong Wa Dae (the presidential Office), asking the Presidential Office to look into the legality of the short selling.

According to the Korea Exchange on March 15, short-selling stocks were offered almost every day to March 14 from February 9 when Celltrion moved to the KOSPI market. During this period, the short selling volume reached 6,834,908 shares and the cumulative short...

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Asiana Airlines, which saw its financial structure get worse, has decided to sell the office building to secure liquidity.

For Supporting Asiana Airlines

15 March 2018 - 4:15pm
Choi Mun-hee

According to relevant industry and real estate investment baking industry sources on March 14, Kumho Asiana Group signed a memorandum of understanding (MOU) with Deutsche Asset & Wealth Management, a Germany-based global asset management company, to sell its Gwanghwamun office building in 115 Sinmunno 1-ga, Jongno-gu, Seoul.

The special-purpose company (SPC) that operates Kumho Asiana’s office building in Gwanghwamun is owned by Asiana Airlines with an 80 percent stake, KMTJ Auto with 15 percent and Dongbu Insurance with 5 percent. Deutsche Asset Management will buy the whole...

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Thanks to the increase in the number of tourists from Southeast Asia, the number of inbound tourists to South Korea increased from 10.14 million to 10.42 million between 2016 and 2017 in spite of a rapid decline in the number of those from China

More Travelers from Southeast Asia

13 March 2018 - 9:45am
Choi Mun-hee

It has been found that the number of inbound tourists from nine Southeast Asian countries – Taiwan, Thailand, Hong Kong, Malaysia, Philippines, Vietnam, Singapore, Indonesia and Myanmar – increased from 2,007,605 to 3,057,180 between 2015 and last year. For reference, a total of 3,116,505 Chinese tourists visited South Korea last year.

In 2017, 907,065 Taiwanese tourists headed to South Korea, up 79.9% from a year ago. The numbers were 426,801 and 39.5% for Thailand, 220,771 and 59.7% for the Philippines, and 220,675 and 141.3% for Vietnam.

Thanks to the...

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The Korean government imposed a total ban on an ICO after cryptocurrency speculation had been irrationally overheated in the country in September last year.

Blockchain-based Healthcares

9 March 2018 - 9:30am
Choi Mun-hee

South Korean healthcare companies are launching an initial coin offering (ICO) one after another. Healthcare is the most innovative sector through blockchain technology.

An ICO is not forbidden by law in South Korea but the government imposed a total ban on an ICO after cryptocurrency speculation had been irrationally overheated in the country in September last year. Therefore, domestic companies are leaving South Korea and setting up a subsidiary overseas, like Singapore and Gibraltar, to run an ICO.

According to industry sources on March 8, domestic healthcare firms, such...

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Nearly 2.87 million South Koreans travelled abroad in January, an increase of 22.4 percent from the previous year.

Deepening Tourism Deficit

7 March 2018 - 11:45am
Choi Mun-hee

South Korea's deficit in the tourism sector hit a record high level due largely to a drop in Chinese visitors following a diplomatic row between Seoul and Beijing over a U.S. missile defense system here and a rise in outbound travelers for the winter vacation.

According to the data about an estimated balance of payment in January 2018 from the Bank of Korea on March 6, the country’s deficit in the service sector recorded at US$4.48 billion (4.79 trillion won) in January. It reached a new record high in just one month after US$3.77 billion (4.03 trillion won) in December last year....

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The five-year average growth rate of Korean pharmaceutical companies’ export value has reached 14.3%.

Exports of Pharmaceutical Technologies

7 March 2018 - 11:30am
Choi Mun-hee

The Ministry of Health and Welfare announced on March 6 that South Korean pharmaceutical companies’ total technology exports reached 1.4 trillion won (US$1.2 billion) last year with the exception of secret contracts.

According to the ministry, their export value rose from US3.1 billion to US$3.6 billion between 2016 and the first three quarters of last year and the five-year average growth rate has reached 14.3%.

Last year, South Korean pharmaceutical companies succeeded in exporting more technology based on their improved global competitiveness. They signed a...

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Cheil Worldwide is leading the advertising market In Asia by forming a two-runner race with Dentsu of Japan.

Creative Ad Ranking

6 March 2018 - 8:45am
Choi Mun-hee

Cheil Worldwide was assessed as the 15th advertising company in the world in the creative rankings based on its global advertising awards. In Asia, the company is leading the global advertising market by forming a two-runner race with Dentsu of Japan.

According to the industry on March 5, Cheil Worldwide ranked 15th on the list of the most recently announced creative agency networks released by Gunn Report, a global advertising industry evaluation report. Cheil Worldwide and Dentsu (13th) in Japan were Asia’s only two top 20 advertisers in the rankings. In particular, in the...

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The number of South Korean visitors to Japan reached 7,140,200 last year, up 40.3 percent from the previous year's 5,090,302.

Japan Enjoying Reflective Benefits

16 February 2018 - 6:30pm
Choi Mun-hee

According to the Japan National Tourism Organization (JNTO) on February 15, the number of South Korean visitors to Japan reached 7,140,200 last year, up 40.3 percent from the previous year's 5,090,302. The figure was the second largest number of foreign tourists to Japan after Chinese tourists and the increase in the number of Korean tourists to Japan was the largest among those of all countries.

It is analyzed that the Chinese government's economic retaliations against South Korea for the deployment of the THAAD System led South Korean tourists to choose Japan as their destinations...

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Sky Kingdom 'King's Vacation' of Seoul Dragon City.

Seoul Dragon City

15 February 2018 - 7:30pm
Choi Mun-hee

Seoul Dragon City is the first-ever lifestyle hotel-plex in South Korea, consisting of four hotels, restaurants and bars, large meeting and convention spaces, and world-class entertainment facilities. The complex, which opened its door in October 2017 in Yongsan, Seoul, has a unique dragon-like appearance of the building exterior with three tall connected towers.

Seoul Dragon City is conveniently located for both business and leisure trips. Strategically located at the heart of Seoul, the complex offers convenient access to central business and commercial districts including Yeouido...

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