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Wednesday, April 30, 2025

KOREA

Cube Entertainment signs $62 million deal with Kakao Entertainment

Cube Entertainment signed an 80-billion-won ($62 million) music distribution deal with Kakao Entertainment, the agency said Wednesday. Over the next five years, the Kakao subsidiary...

Seoul, Washington considering large-scale live-fire demonstration next year

South Korea and the United States are reviewing holding a large-scale combined live-fire demonstration next year to mark the 70th anniversary of the establishment...

Wavve buys 40 percent of Kocowa for $71 million

Wavve acquired 40 percent of Kocowa, a Los Angeles-based streaming provider, for 90.1 billion won ($70.62 million) as it works to bring K-content to...

Hyundai Motor throws cash at six Korean footballers for contribution at World Cup

Hyundai Motor granted six football players 240 million won ($187,000) for their contribution to making Korea advance to the round of 16 in the...

U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

U.S. F-22s in Korea for training near Jeju with Korean, U.S aircraft

American F-22 stealth fighters joined a Korea-U.S. air drill near Jeju on Tuesday, as U.S. strategic assets continue to rotate through the Korean Peninsula. The...

Korea blasts Japan’s counterstrike plan, Dokdo claim

South Korea is expressing concern over Japan's desire for "counterstrike capabilities" and its renewed claim over the Dokdo islets in the East Sea. Counterstrike capabilities...

A Korean SpaceX set to launch suborbital test rocket in Brazil

Korea's private-sector space business is about to take off, literally. Innospace, a local space start-up, is scheduled to launch a technology demonstration rocket at 6...

Seoul protests Tokyo’s new security strategy, claim to Dokdo

The Foreign Ministry summoned a counselor from the Korean Embassy in Japan to protest a National Security Strategy (NSS) released Friday that claimed sovereignty...

Girl groups get the ears, boy bands the dollars

Girl groups listened to the most but boy bands sold more albums, end-of-the-year data from K-pop market tracker Circle Chart revealed Friday. Starting with sales,...