Kakao under probe for allegedly abusing market power: sources

SEJONG (Yonhap) – South Korea's antitrust watchdog has launched an investigation into Kakao Corp., the operator of the country's most-used messenger service Kakao Talk, for possibly abusing its market leader position, industry so...

Fashion brand MCM declares ‘New School of Luxury’

MCM chief visionary officer Kim Sung-joo on Thursday speaks to the press at the MCM Kunsthalle in southern Seoul. (Park Hyun-koo/The Korea Herald)Kim Sung-joo, chief visionary officer of global fashion brand Modern Creation Munche...

Young mobile game makers see stock value grow

A number of young entrepreneurs in their 30s and 40s in South Korea’s mobile gaming industry are getting richer after hitting the jackpot with hit games.James Song, the founder and CEO of Gamevil, which is known for its game “Ai...

Kia aims to sell 270,000 Sorento SUVs worldwide

Kia Motors Corp. aims to sell 270,000 of its all-new Sorento SUVs worldwide in 2015 by highlighting the vehicle’s “class above” performance, amenities and technology features, the company said Thursday. In a media event to mark...