Netflix Services Korea has begun an administrative lawsuit against Korea’s tax authorities over 78 billion won (US$57 million) in tax imposed on the OTT giant. Much attention is being paid to see how the Korean court will rule on the unfair practice of global platform companies such as Netflix not p
It has been revealed that the four American “big tech” companies -- Apple, Microsoft, Google, and Meta -- collectively garnered around 9 trillion won in sales and about 600 billion won in operating profit in South Korea over the past year.According to the audit reports disclosed in the Financial Sup
Hanwha Aerospace announced on Feb. 29 that it has submitted a bid proposal on the US Army’s Small Multipurpose Equipment Transport (S–MET) Increment II program.An Anduril-led S-MET Project consortium also includes Hanwha Aerospace and Forterra, an unmanned vehicle developer.Anduril is a defense tech
It has been revealed that the National Pension Service (NPS) achieved a return on investment of over 40 percent through its investments in U.S. stocks last year. This is attributed to the historical bull market recorded in the U.S. stock market.According to the stockholding report (13F) submitted by
Pernod Ricard Korea, the Korean affiliate of the global liquor company Pernod Ricard Group, announced the release of its ‘Drink More Water Staff Challenge’ video on the official LinkedIn channel of Pernod Ricard, targeting the festive season of End-of-Year, New Year’s Day, and Lunar New Year, when m
Pernod Ricard Korea, the Korean affiliate of the wine and spirits company Pernod Ricard, is launching its ‘2024 Drink More Water’ campaign to help discourage excessive drinking and promote responsible alcohol consumption, especially at the beginning of the year when many events involve alcohol.‘Drin
Pernod Ricard Korea, the Korean affiliate of global wine and spirits company Pernod Ricard, announced that its Drink More Water campaign launched in June of this year successfully delivered the message of responsible drinking to approximately 5 million consumers in Korea.The Drink More Water campaig
Google, which accounts for the highest share of domestic network traffic in South Korea, has been highlighted for not paying any network usage fees in the country.On Oct. 26, Kim Byung-wook, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee from the People P
The operating profit of South Korea’s top 100 companies in the first half of this year showed a significant deterioration compared to the top 100 companies in the United States. In particular, for the two largest companies by market capitalization in both countries, Apple and Samsung Electronics, wh
Coupang Play, the fastest-growing OTT service in Korea, has completed its executive reinforcement within the engineering organization and is accelerating its efforts to enhance the product experience. The executives appointed by Coupang Play are Rohit Puri, Head of Engineering, and Sekwon Choi, Head
U.S.-based tech giant Meta (formerly Facebook) recently visited South Korea to discuss next-generation DRAM with SK hynix. Nvidia, an AI semiconductor company, is also planning a visit soon.According to industry sources on Aug. 27, Meta officials visited the SK hynix headquarters in Icheon, Gyeonggi
As Japan has set a national goal of “Semiconductor Leadership Recovery,” it is pouring a significant investment into semiconductor company Rapidus. However, Rapidus has recently run into an “emergency to secure profitability.” The company set a goal to mass-produce advanced 2-nanometer semiconductor
Korean fabless “unicorn” firm FADU is gearing up for a leap from a specialized solid-state drive (SSD) controller design firm to a comprehensive global semiconductor company, leveraging its forthcoming IPO as a stepping stone.During an IPO briefing session at 63 Square in Yeouido, Seoul, on July 24,
A 600 billion won investment into American logistics centers by CJ Logistics is being highlighted as a positive case of Korea-US partnership.According to CJ Logistics, Ellen Park, a New Jersey State Assemblywoman, mentioned on her Facebook page on July 17 (local time) that “CJ Logistics’ New Jersey
Pernod Ricard Korea, the Korean unit of the wine and spirits company Pernod Ricard, announced on June 5 that it will operate the Drink More Water campaign in Korea as part of the Pernod Ricard Group’s promotion of responsible drinking across Asia.Pernod Ricard Group has been busy implementing the fo
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
Following China, the United States has also cut back on Korean semiconductor imports.Korean semiconductor exports to the United States fell 68.6 percent year on year in April, according to a report on the characteristics and implications of Korea’s semiconductor demand structure released by the Bank
Pernod Ricard Korea, the Korean unit of the wine and spirits company Pernod Ricard, has been operating annual digital campaigns since 2020 as a means to promote responsible drinking. The company has been working to provide consumers with simple tips for responsible drinking that can be easily practi
Global leading tire company Hankook Tire has released its latest brand film, iON X Formula E, in homage to the brand’s Formula E sponsorship. The purpose of the brand film is to profile the company's position as a leading brand in the global EV market, showcasing a premium, high-tech, innovative
LG U+ announced on March 14 that it will provide foreign language chatting services for foreign customers.The foreign language chatting customers service offers four languages -- English, Russian, Chinese, and Vietnamese. It also utilizes Google Assistant-based automatic translation for other langua