Krafton posted record earnings for the first half of this year on the strong output from its popular battle royale shooter PUBG: Battlegrounds, the Korean game developer announced Monday. According to the announcement, Krafton logged 1.37 trillion won ($1 billion) in revenue and 642.6 billion won in operating profit in the January-to-June period this year, up 48.3 percent and 55 percent on year, respectively. For the second quarter alone, the game developer reported 707 billion won in revenue an

Companies Aug. 12, 2024

NCSoft announced new leadership appointments at its global offices Monday, as the Korean gaming giant looks to foster new growth and bolster global businesses. NCSoft has appointed Jin Jeong-hee, former head of Pearl Abyss America, as the new CEO of NC America. Pearl Abyss, a Korean game developer, is best known for its popular massively multiplayer online role-playing game franchise Black Desert. With over 15 years of leadership experience at global gaming companies including the US offices of

Companies Aug. 12, 2024

진행자: 간형우, Kevin Lee Selzer Loconomy: Food makers flock to locally sourced ingredients 기사 요약: 지역 특산물을 식재료로 활용해 새로운 메뉴와 식품 출시하는 회사들 [1] Food items made with locally sourced ingredients have emerged among food companies in Korea. flock: 모이다 source: 얻다 ingredient: 재료 emerge: 떠오르다 [2] This approach, which aligns with those companies’ corporate social responsibility efforts, supports economic growth in rural areas and offers unique experiences for consumers, collectively known as "loco

Podcast Aug. 12, 2024

The anti-theft software upgrade for Hyundai Motor Company and Kia vehicles has reduced theft rates by more than half in the United States, according to a new study by the Highway Loss Data Institute. The two Korean automakers came under fire as numerous vehicle thefts among certain models lacking immobilizers grew exponentially after videos of young men stealing the cars went viral on social media platforms in the summer of 2022. In the videos, the thieves would rip off a plastic cover behind th

Mobility Aug. 9, 2024

Kia launched the new K8 on Friday, looking to invigorate the mid- to large-size sedan market with the product enhancement model. The new K8, which underwent a facelift for the first time since its initial release in April 2021, abandoned its old look and adopted the automaker's new star-map signature lighting on the front. The new sedan has been equipped with an advanced driver assistance system to offer upgraded marketability. The price of the new K8 starts at 37.36 million won ($27,338) i

Mobility Aug. 9, 2024

SK Earthon, an exploration unit under SK Innovation, announced on Thursday that it secured the right to explore carbon dioxide reservoirs off the northern coast of Australia, looking to bolster its resource development and carbon capture and storage, or CCS, businesses. According to SK Earthon, the Korean oil and gas exploration company and Australian CCS firms -- InCapture and CarbonCQ -- won the exploration rights for the mining sector named G-15-AP located in the Carnarvon Basin from the Aust

Companies Aug. 8, 2024

진행자: 간형우, Kevin Lee Selzer Tall tales and theories on S. Korea's dominance in archery 기사 요약: 2024 파리올림픽 양궁 남녀단체전에서 다시 한 번 금메달 획득한 한국 대표팀의 이야기 [1] South Korea on Monday notched its third-straight gold medal in the Olympic men’s team event, defeating host nation France and completing a sweep of the women's and men's team events at this year's Paris Olympics. tall tale: 믿기 힘든 이야기 notch: 달성하다 defeat: 패배시키다 sweep: 완승 [2] Kim Woo-jin, Kim Je-deok and Lee Woo-seok hoisted

Podcast Aug. 8, 2024

Hyundai Motor Company on Tuesday showcased an array of distinguished features of the automaker’s newest battery-electric vehicle the Casper Electric, including the automaker’s latest technology that can prevent sudden acceleration incidents. Named Pedal Misapplication Safety Assist, or PMSA, the new technology automatically controls the vehicle’s speed when the driver floors the acceleration pedal suddenly from a standstill if there is an obstacle within one meter away from eit

Mobility Aug. 7, 2024

Volkswagen Group Korea on Tuesday launched the new Touareg, the first release from the German automaker in the local market in about two years, as the German automaker looks to bolster its presence here. “The Touareg has established a unique position, offering exceptional product value at a reasonable price,” said Till Scheer, CEO of Volkswagen Group Korea, during the launch ceremony of the new sport utility vehicle at Grand Hyatt Seoul. “It is an unmatched powerful premium SUV

Mobility Aug. 6, 2024

Hyundai Motor Group Executive Chair Chung Euisun, who doubles as the president of the Korea Archery Association, on Sunday emphasized the importance of believing in the association, the athletes and the staff, as well as the association's system itself, as he thanked the Korean national archers after they won all five available gold medals at the 2024 Olympics Games in Paris. “First and foremost, I want to thank our athletes,” said Chung. “I’m most glad about the fac

More Sports Aug. 5, 2024

South Korea's female archers have swept all available gold medals at the 2024 Olympic Games in Paris, continuing to build on the country’s highly decorated legacy in the sport. Although most of the spotlight has been focused on Lim Si-hyeon, who won three gold medals in the women’s team, mixed and individual events, Jeon Hun-young played an irreplaceable role as the "big sister" of the women’s archery team. Jeon, 30, nine years older than Lim and 11 years older t

More Sports Aug. 4, 2024

Samsung SDI has embarked on a global journey to find the most talented professionals to advance the Korean company’s level of technology and take the lead in the secondary battery industry. The battery maker held this year’s first career fair at the Hyatt Regency Cambridge Hotel in Cambridge, Massachusetts on Saturday, inviting some 90 people working at top universities and research institutes in North America. Boston is home to Samsung SDI’s first research and development cent

Companies Aug. 4, 2024

Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to

Mobility Aug. 1, 2024

Hanwha Aerospace posted record operating profit of 358.8 billion won ($260 million) in the second quarter thanks to arms exports to Poland, the Korean defense firm said Wednesday. According to the company, operating profit surged by 357 percent compared to the second quarter of last year. Hanwha Aerospace logged 2.79 trillion won in revenue, up 46 percent on year. The earnings exceeded market expectations. Hanwha explained that the delivery of six units of K9 self-propelled howitzers and 18 unit

Companies July 31, 2024

NCSoft announced Tuesday that it had invested $3.5 million in Swedish game studio Moon Rover Games, as the Korean game company continues seeking future growth engines to expand its gaming portfolio and global market. Moon Rover Games was established in 2022 by a group of developers who had taken part in creating global hit first-person shooters such as the Battlefield series, Far Cry and Tom Clancy’s The Division. Moon Rover Games is currently developing an FPS titled Project Aldous, based

Companies July 30, 2024