Korea, Vietnam to enhance tax cooperation

The National Tax Service of Korea held the 24th Korea-Vietnam Bilateral Commissioners’ Meeting in Hanoi on Tuesday, in collaboration with the General Department of Taxation of Vietnam. The meeting aimed to address tax-related challenges faced by Korean companies operating in Vietnam. Vietnam is Korea’s third-largest trading partner, with a trade volume of $86.8 billion, making it a key investment destination for multinational companies, including Korean firms. This bilateral meeting, first estab

March 12, 2025

LX Hausys named Industry Mover in S&P Global’s 2024 CSA

South Korean housing materials company LX Hausys said Wednesday it has been recognized as an Industry Mover in the 2024 Corporate Sustainability Assessment, or CSA, released by S&P Global, highlighting its outstanding sustainability performance. Among 7,690 companies reviewed, only 56 earned the Industry Mover title by achieving the most significant increase in their CSA scores, with at least a 5 percent year-over-year growth. LX Hausys was the only company in the building products industry to r

March 12, 2025

Kbank posts record 2024 profit, driven by customer growth

South Korean internet banking company Kbank announced Tuesday that it achieved a record-high net income of 128.1 billion won ($98.54 million) in 2024, a tenfold increase from 2023 and its highest annual profit to date. The surge in earnings was driven by a sharp increase in the number of customers, with 3.21 million new users joining in 2024, bringing the total to 12.74 million. This marks the largest annual growth since the bank’s launch in 2017. Kbank’s total deposits rose 49.8 percent on-year

March 11, 2025

LS Eco Energy supplies power cables for Philippines’ largest data center

LS Eco Energy, a Vietnam-based cable manufacturer under Korea’s LS Cable & System, announced Monday that its Vietnamese subsidiary, LS-VINA, has supplied medium- and low-voltage power cables for STT Fairview Campus, the largest internet data center in the Philippines. The campus is currently under construction by global internet data center, or IDC, provider STT GDC near Quezon City, Manila. STT GDC, a wholly owned subsidiary of ST Telemedia, operates under the Singaporean state-owned sovereign

March 10, 2025

SOOP proceeds with live-streaming for KBO League games

The SOOP, a global video live-streaming platform that provides free exposure to baseball games, announced Friday it will continue streaming KBO League games, starting from “2025 Shinhan SOL Bank KBO League” this Saturday. SOOP has been providing streaming services since June 2024, delivering unique live broadcast experiences to overseas Koreans and global fans. The “2024 KBO League,” which ran for four months, drew over 1.77 million cumulative viewers. Starting with exhibition matches on March 8

March 7, 2025

Kia EV3 sweeps award in the UK Car of the Year 2025

South Korea's second-largest carmaker Kia said the EV3, its small electrified SUV, has been crowned UK Car of the Year 2025. The UK Car of the Year Awards is an independent accolade judged by a panel of leading UK journalists from the automotive, business, and technology industries. Topping the small crossover category on Feb. 20, Kia’s EV3 secured its spot as the finalist by surpassing global competitors including Hyundai Motor Group, Suzuki and Skoda. This marks the second consecutive year tha

March 7, 2025

Korea Medical Institute publishes health habits book for kids

Korea Medical Institute, one of Korea’s leading medical checkup institutions, on Thursday announced the publication of its “I AM KMI,” picture book to promote healthy lifestyles among children in celebration of its 40th anniversary. The book’s protagonist, KMI, serves as a health guardian who connects with young readers by introducing health-related concepts and promoting physical and emotional well-being in a fun and interactive way. To enhance engagement, the book also includes various edutain

March 6, 2025

Innocean explores marketing collaboration with Netflix leadership

Innocean, a marketing agency affiliated with Hyundai Motor Group, announced Wednesday that it held a meeting with Netflix’s advertising leadership team, including Advertising President Amy Reinhard, to explore potential marketing collaborations. During the meeting, Innocean showcased its creative expertise, spanning campaign planning, production, and dominant outdoor advertising media in key commercial districts, as well as its extensive global network. The collaboration is expected to generate

March 5, 2025

LX Pantos eyes bigger footing in North American logistics market

Korean logistics company LX Pantos said Tuesday it is consolidating its presence in the North American logistics market by participating in the Transpacific Maritime Conference 2025, the world’s largest container shipping and supply chains event, organized by Standard and Poor’s Global. At this year’s conference in California that began Sunday and concludes Wednesday, LX Pantos has set up an exhibition booth at the Long Beach Convention Center to engage in aggressive sales activities. The event

March 4, 2025