As virtual reality (VR) games are emerging as the future lucrative models in the gaming industry, most companies are developing a set-top box (console) for gaming, which is connected with TVs rather than smartphones, as the platform of VR games. Therefore, all eyes are on the direction of VR game de
WAUG,(http://www.waug.co.kr) a Korea-based booking platform for tours and activities, has raised series A funding from Cognitive Investment and D.CAMP to expend its business globally.WAUG Travel launched the service a year ago to make the booking process for vacation activities much easier. Based in
Hyundai Motor Chairman Chung Mong-koo has continuously made investment in Russia regardless of unfavorable business conditions as he has kept saying that the company will have an opportunity in the Russian market again. His perseverance seems to come out with a result.According to a report titled “P
It is pointed out that while wireless telecommunication operators such as KT, LG U+ and SK Broadband are expanding their businesses by strengthening their media business through virtual reality (VR), it is not enough to lead the VR market properly by taking short videos from inside and outside as VR
It has been found that the prosecution summoned the heads of some South Korean conglomerates with regard to their individual meetings with President Park Geun-hye in July last year.Those include Hyundai Motor Group chairman Chung Mong-koo, Hanwha Group chairman Kim Seung-yeon, SK SUPEX Committee cha
Hyundai Motor, the nation's top automaker, announced on November 10 that the Ioniq Hybrid outperformed the Toyota Prius Hybrid in key indicators, such as design and vehicle performance, at the comparison evaluation conducted by Auto Bild, a leading German automobile magazine, last month.The two mode
The Ministry of Culture, Sports & Tourism and the Korea Creative Content Agency announced on November 8 that the size of the South Korean game market grew 7.5% from a year ago and reached 10.72 trillion won (US$9.5 billion) last year, led by the expansion of the mobile game segment, and it is expect
Kia Motors unveiled four all-new customized vehicles – Niro, Sedona, Sorento and Soul – at the opening day of the 2016 Specialty Equipment Market Association (SEMA) Show on November 1 (local time).Envisioning a future when vehicles will not only drive autonomously but be tailor-built to our lifestyl
South Korea, China and Japan have agreed to jointly counter recent protectionist moves of major countries.The Ministry of Trade, Industry and Energy (MOTIE) announced on October 30 that trade ministers of the three countries have agreed to jointly deal with protectionism and enhance economic ties at
The Korea International Art Fair (KIAF) 2016/Art Seoul, the leader of the Asian art market, will run for five days from October 12 at the Convention and Exhibition Center (COEX) in southern Seoul. The annual art market, which is hosted by the Galleries Association of Korea, has invited 170 galleries
The Ministry of Science, ICT and Future Planning announced on October 7 that that in the next five years, they will invest 405 billion won (US$364 million) in the virtual reality (VR) industry picked as one of nine growth engine projects this year.They will concentrate on securing fundamental VR tec
The global value of the Kia Motors brand in 2016 has grown by 12% over the last year, according to Interbrand’s exclusive list of the 100 “Best Global Brands 2016.”According to the 2016 study, released on Oct. 5, Kia has risen five spots to become the 69th most valuable brand in the world. The Korea
It was found that the volume of fakes surpassed 3 trillion won (US$2.7 billion) in past five years and the most frequently faked brand was Louis Vuitton. On September 28, according to data on a crackdown on intellectual property right violators which lawmaker Park Myung-jae (the Saenuri Party) who
The PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games (POCOG) on Sept. 22 launched the first set of coins commemorating the upcoming Games at a special event. PyeongChang 2018 honorary ambassador and Olympic gold medalist KIM Yuna, POCOG President LEE Hee-beom, Bank of
Over the past five years, China was followed by Japan and the US.According to data on Korean’s major overseas travel destinations over the past five years handed out to Ahn Min-seok, a lawmaker of the Minjoo Party and a member of the Education, Culture, Sports and Tourism Committee at the National A
Nam Min-woo, Korea’s first generation venture entrepreneur and chairman of Dasan Networks, recently announced that he is jumping into the luxury brand business by partnering with Tonino Lamborghini. With this new business project, Nam said he will try “brand marketing,” a strategy largely depending
Mobile carriers here are accelerating the investment in healthcare industry, which is considered the next-generation growth engine.KT, the nation's largest fixed-line operator, held the future forum at a Chinese restaurant in Gwanghwamun, Seoul, on August 25 to present the company’s healthcare busin
The Visit Korea Committee will hold a business fair for the 2016 Korea Sale FESTA at the Ferrum Hall on the third floor of Ferrum Tower in Euljiro, Seoul, from 4 pm on August 12 along with the Korea Chamber of Commerce and Industry (KCCI), inviting those at firms related to shopping, transportation,
Hankook Tire driver Chris Forsberg took second place at the sixth round of the 2016 Formula Drift Pro Championship held from August 5 to 6 to get on the podium five times in a row, proving the technical prowess and quality of South Korea’s leading tire maker as a global top tier brand.While other mo
Business Korea sat down with Dr. Steven Lee, president of George Mason University (GMU) Korea, at his office in Incheon Global Campus in Songdo, South Korea. We asked him about the growth of the school and his long-term vision and the institution’s progress in its 2.5 years of operations. He shared