KB News DeskDog meat restaurants seek damages over looming ban
Restaurants serving dog meat in Daejeon have filed lawsuits against local governments, seeking additional compensation as a nationwide ban on the breeding, slaughter, distribution and sale of dogs for food…
Nexon launches W250b hunt for next global game IP
Nexon said Thursday it will launch an investment program worth up to 250 billion won ($179 million) with the Korean government and Kona Venture Partners to discover promising intellectual properties…
US Ambassador meets AmCham leaders in first business talks
The American Chamber of Commerce in Korea held its first official meeting with US Ambassador to South Korea Michelle Steel in Seoul on Thursday, discussing business conditions and ways to…
SK hynix, union reach tentative deal for stock-heavy bonuses
Proposed plan puts 60% of profit-sharing awards in company stock, as AI earnings soar SK hynix and its labor union have reached a tentative agreement to pay 60 percent of…
Kakao Mobility files for $1b US IPO as TPG seeks exit
Confidential SEC filing advances listing while concerns persist over minority shareholder protection Kakao Mobility has moved closer to a potential US stock market debut after reportedly filing confidential IPO documents…
SK hynix buyback sends shares soaring, broker hits limit
SK hynix shares surged as much as 14 percent Thursday after the chipmaker unveiled a 40 trillion won ($28.7 billion) share buyback and cancellation plan, a move it said would…
Homeplus sees no profit until 2029 under revised plan
Profitability at Homeplus remains out of reach until 2029, its revised rehabilitation plan showed Thursday, a reversal from the quick return to the black it had promised in earlier planning.…
Some 3,000 evacuate after smoke detected at Incheon warehouse used by Coupang
Some 3,000 workers and others were evacuated from a large warehouse in Incheon on Wednesday after smoke was detected in a basement mechanical room, with no injuries reported. According to…
SK hynix unleashes W40tr buyback amid AI windfall
Chipmaker to cancel all repurchased shares, lift payouts above 50% of free cash flow SK hynix said Wednesday it will buy back and cancel 40 trillion won ($28 billion) of…
SK Biopharmaceuticals settles first US patent dispute over Xcopri
SK Biopharmaceuticals said Wednesday it has reached a settlement with Indian generic drugmaker MSN Laboratories in a United States patent dispute over cenobamate, its epilepsy treatment sold as Xcopri in…
