illegal hospitality

Airlines Sono Hospitality becomes new owner of Korean budget carrier T’way Air

South Korea’s top resort operator Sono Hospitality Group has emerged as the new owner of budget carrier T’way Air Co. by acquiring ...

Airlines Sono Hospitality heralds proxy fight to control T’way Air

Sono Hospitality Group, South Korea’s top resort operator, has vowed to more actively horn in on the business of T'way Air Co., portending a p...

Bio & Pharma President of Latvia visits S.Korea's Daan Cancer Lab

Daan Cancer Laboratory under Severance Hospital said on Thursday it signed a memorandum of understanding (MOU) with the Latvian government to streng...

Bio & Pharma Celltrion releases Steqeyma in Europe

South Korea's Celltrion Inc. said on Monday it released Steqeyma (ustekinumab) in Europe, the biosimilar of autoimmune disease treatment Stelara.T...

Bio & Pharma ViGenCell obtains approval for HLA-B5801 genetic diagnostic kit for adverse reactions to gout treatment

ViGenCell, a company specializing in immunotherapy, announced on Friday that it has obtained approval from the Ministry of Food and Drug Safety (MFD...

Mergers & Acquisitions Sono Hospitality to buy stake in Air Premia to bolster airline portfolio

Sono Hospitality Group, South Korea’s largest resort operator, will add low-cost carrier Air Premia Inc. to its bulging portfolio after agreei...

Korean startups Near Brain gives hope to millions of stroke patients worldwide

Strokes are the second leading cause of death and the third leading cause of disabilities globally, according to the World Health Organization.To fi...

Commodities Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

Banking & Finance Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...

Mergers & Acquisitions Brokerage firm Hanyang Securities' 11.3% stake up for sale

South Korea’s Hanyang University Foundation has decided to sell 11.3% of common shares and all the preferred stocks it holds in brokerage arm ...

Tech, Media & Telecom SK Telecom identifies illegal drones using AI

South Korea's SK Telecom Co. announced on Thursday that it developed a communication and AI-integrated module to catch illegal drones using artifici...

Tech, Media & Telecom SK Telecom's X Caliber enters N.American pet market

South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...

Bio & Pharma JLK to supply medical AI solutions in Indonesia

South Korea’s JLK Inc., an AI-based stroke care platform maker, announced on Tuesday that it signed a business agreement with medical consulti...

Short selling Korea builds system to speed up naked short-selling ban

South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...

Real estate Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn

Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...

Automobiles Autech enters silver car market for seniors

South Korea's specialty vehicle company Autech Corporation announced on Tuesday that it plans to enter the silver car market for seniors. It al...

Tech, Media & Telecom LG Elec, Microsoft, GE to collaborate for smart hospital

LG Electronics Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with GE Healthcare Korea and Microsoft (MS) Korea to co...

Markets HSBC faces criminal charges for naked shorting in Korea

South Korean prosecutors on Thursday filed criminal charges against HSBC and three of its traders, accusing them of illegal short selling worth 15.8...

Robotics LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

Bio & Pharma Samsung Bioepis to supply Hadlima to US government

South Korea’s Samsung Bioepis and the US-based Organon, the local partner company of Samsung group's biopharmaceutical research and developmen...

Artificial intelligence LG to use AI for early detection of air conditioner anomalies

LG Electronics Inc. has introduced an artificial intelligence technology for early detection of anomalies in its commercial air conditioning systems...

Airlines Asiana, Korea Univ. to jointly attract medical tourism

South Korea's Asiana Airlines Inc. announced on Monday that it has partnered with Korea University Anam Hospital to promote medical tourism. The agr...

Short selling HSBC, BNP Paribas reported to Korean prosecutors for naked shorting

The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and BNP Paribas CIB have been reported to South Korean public prosecutors in violation of ...

Bio & Pharma Lunit selected as contractor for building medical AI platform in Singapore

South Korean medical AI company Lunit announced on Friday that it has been selected as the final contractor in the bidding for the establishment of ...

Travel & Leisure Ananti to go solo in Busan without Hilton

Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...

Aerospace & Defense Hyundai Wia to defend against illegal drones

South Korea's second-largest automotive parts supplier Hyundai Wia Corp. plans to develop an anti-drone system (ADS) technology tailored to the uniq...

Bio & Pharma JLK supplies AI stroke solutions to Philippines

JLK Inc., South Korea's stroke diagnosis specialist company, announced on Thursday it implemented two artificial intelligence (AI) stroke diagnostic...

Webtoons Naver Webtoon seizes 150 illegal overseas sites

South Korea’s Naver Webtoon announced on Thursday it shut down 150 illegal overseas sites, which unauthorizedly posted more than 80 webtoons i...

Bio & Pharma Naver-invested ichrogene enters Thai market

South Korea's digital healthcare startup ichrogene, with investment from Naver D2 Startup Factory (D2SF), entered into Thai market. Naver Corp....

Bio & Pharma Celltrion Healthcare wins Remsima order in France, Italy

South Korea's Celltrion Healthcare Co. announced on Wednesday its autoimmune disease treatment Remsima (ingredient: infliximab) has won a bid for ho...