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South Korean Firms Pledge Billions for PyeongChang Winter Olympics

South Korean Firms Pledge Billions for PyeongChang Winter Olympics

SEOUL, Aug. 14 (Korea Bizwire) – Dozens of South Korean companies have pledged to sponsor more than 894 billion won (US$781 million) to the PyeongChang Winter Olympics, the PyeongChang organizing committee said Saturday. The pledge is about 5 percent shy of the committee’s goal of drawing 940 billion won and accounts for 33.6 percent of the total budget for South Korea’s first-ever Winter Olympics to be held in the country’s eastern alpine city of PyeongChang in February. Samsung Group, South Korea’s largest [...]

‘The War’ Becomes EXO’s 4th Million Seller Album

‘The War’ Becomes EXO’s 4th Million Seller Album

SEOUL, Aug. 14 (Korea Bizwire) — EXO’s “The War” has sold more than 1 million copies in less than one month, becoming the boy band’s fourth “million seller” record, its agency said Monday. The Korean and Chinese versions of EXO’s fourth full-length album have sold a combined 1.01 million copies to date, according to S.M. [...]

Mobile Platform Potential ‘Game Changer’ for Game Industry

Mobile Platform Potential ‘Game Changer’ for Game Industry

SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s longtime online game giant Nexon Korea Co. is finding itself threatened by its smaller local rival Netmarble Games Corp. partly as mobile has become a more popular platform than desktops, market watchers said Monday. Netmarble, South Korea’s No. 1 mobile game developer and publisher, announced on Friday [...]

‘A Taxi Driver’ Draws Over 6.5 mln Viewers on 11th Day

‘A Taxi Driver’ Draws Over 6.5 mln Viewers on 11th Day

SEOUL, Aug. 13 (Korea Bizwire) — A Korean film about a pro-democracy uprising in the country has surpassed 6.5 million in attendance as of the 11th day of its run, the film’s distributor said Saturday. “A Taxi Driver” hit the threshold Friday, becoming the fastest film to reach the milestone this year, according to Showbox. [...]

LG, Samsung Tech Firms Sweep Viral Video Ads Chart

LG, Samsung Tech Firms Sweep Viral Video Ads Chart

SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s top two tech firms, Samsung Electronics and LG Electronics, swept the chart for the week’s most viral video ads, according to an advertising industry website Friday. LG’s “Nano Cell Super Match,” featuring a shooting match between Steven Gerrard and Adam Lallana of Liverpool, scored over 33 million [...]

Bastille, Justice to Headline Incheon Pentaport Rock Fest

Bastille, Justice to Headline Incheon Pentaport Rock Fest

SEOUL, Aug. 10 (Korea Bizwire) — British indie pop band Bastille and French electronic duo Justice will headline the 2017 Incheon Pentaport Rock Festival, one of South Korea’s longest-running summer music festivals, this coming weekend, according to organizers Thursday. The three-day rock-electronic music blowout will be held from Friday to Sunday at the Songdo Moonlight [...]

Samsung to Live-stream Concert of Coldplay via VR Device

Samsung to Live-stream Concert of Coldplay via VR Device

SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will live-stream a concert of British rock band Coldplay slated for later this month through its virtual-reality device, the Gear VR. The South Korean tech giant said users of the Gear VR in around 50 countries will be able to enjoy the concert [...]

PyeongChang Olympics Economic Boon for Host S. Korea

PyeongChang Olympics Economic Boon for Host S. Korea

SEOUL, Aug. 10 (Korea Bizwire) — With less than 200 days remaining before the start of the 2018 PyeongChang Winter Olympics, South Korea is going all-out to make the event a successful endeavor for the host country, with the economic benefits being at the forefront of things being keenly considered. Earlier, Lee Hee-beom, the chief [...]