social

Korean startups Allsale, K-beauty's leading ambassador to the US

Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in talks with investors to further support Korean cosmeti...

Korean startups DOR sets sights on TikTok-like virtual world for gamers  

South Korean startup DOR Corporation has thrown down the gauntlet to Discord, a popular global social platform for gamers, with its TikTok-like soci...

Social media Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...

Banking & Finance KB Asset Management to list Balhae Infrastructure Fund

South Korea's KB Asset Management Co. said on Friday it plans to list its KB Balhae Infrastructure Fund. Launched in 2006, KBIF focuses on so...

Bio & Pharma Huons receives A grade in ESG evaluation

South Korea’s Huons Co. said on Tuesday that it received an A (excellent) grade in the 2024 ESG evaluation recently released by the Korea Inst...

Automobiles Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis Co.'s efforts to build a better tomorrow don't stop at developing future mobility technologies like autonomous driving, connectivity a...

Insurance Kyobo Life nurtures 136 startups over 7 years

South Korea's Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups) in seven years to create social v...

Korean startups SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

ESG Samsung launches CSR mobile magazine

Samsung Electronics Co. announced on Monday that it launched the Samsung CSR Mobile Magazine, an online webzine dedicated to highlighting the compan...

Corporate governance Hanwha Vision joins UNGC

South Korea's Hanwha Vision Co. announced on Monday that it joined the United Nations Global Compact (UNGC), an international initiative for corpora...

ESG SK Telecom, SoftBank to collaborate for SV measurement

South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...

Advertising & Marketing Innocean establishes social marketing subsidiary

Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...

ESG POSCO Future M included in DJSI Asia Pacific Index

South Korea’s battery materials maker POSCO Future M Co. announced on Tuesday that it was listed on Dow Jones Sustainability Asia/Pacific In...

Korean startups SK-backed social impact startups see higher corporate values

South Korean social impact startups backed by the country’s second-largest conglomerate SK Group enjoyed higher corporate values with two of t...

Tech, Media & Telecom Naver Band surpasses 5 million MAU in US

South Korea’s Naver Corp. announced Thursday the monthly active user (MAU) of its community social networking platform Naver Band surpassed 5 ...

Leadership & Management SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Economy Samsung Electronics creates $216 bn social wealth in 2022

Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...

Beauty & Cosmetics S.Korean beauty brands lean toward social media stars

AmorePacific Corp.'s new brand launch in February with top South Korean social media influencer Lee Sa-bae created a sensation in the domestic cosme...

ESG Kakao Impact, KAIST team up for social change through technology

Kakao Impact, a corporate foundation of Kakao Corp., South Korea’s top mobile platform company, said on Tuesday it has agreed to work with the...

Korean startups Blind revamps job matching service to rival LinkedIn

Teamblind Inc., the developer of South Korea’s homegrown anonymous professional community app Blind, will reach out to a broader job-seeking p...

Economy Intensify 'friend-shoring' to boost foreign direct investment: Baldwin

Global businesses are forecast to suffer supply chain disruptions next year amid worsening geopolitical risk, such as the Russia-Ukraine war and pro...

Korean startups SK Chair Chey advises startups to address social issues for viability

In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...

Economy S.Korea, Chile to jointly develop key EV battery materials

South Korea has joined hands with Chile in a move to cope with the US’ Inflation Reduction Act, as well as strengthen the two countries' ties ...

Korean games PlayTogether ranks 2nd in global metaverse game apps

Metaverse game platform PlayTogether, operated by South Korean game developer Haegin Co., ranked second in global metaverse app downloads during the...

Korean startups Hyundai Motor Group to launch $80 mn startup fund

Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...

Corporate governance SK becomes first group to disclose monetized social value

SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...

Earnings Amorepacific delivers disappointing Q1 results as China sales slump

South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...

Beauty & Cosmetics Cosmetics shares rally amid hopes of eased social distancing

Cosmetics and beauty shares are benefiting from president-elect Yoon Seok-yeol’s pledge to ease social distancing mandates. South Korean cosme...

Beauty & Cosmetics Cosmetics stocks buoyed by ‘With Corona’ expectations 

Shares of cosmetics and skincare companies in South Korea have surged recently on expectations of easing pandemic-related restrictions.  A few...

Blockchain WeMade buys $100 mn stake in social casino game developer

WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, has agreed to buy a controlling stake in smaller rival SundayToz Corp., bet...