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Disney+ Makes Big Bet on K-content for Growth in OTT Market

Disney+ Makes Big Bet on K-content for Growth in OTT Market

SEOUL, Dec. 2 (Korea Bizwire) — As Korean dramas and films enthrall a wider global audience, entertainment giant Disney now looks ready to ride the Korean Wave to expand its presence in the thriving streaming market. Following streaming leader Netflix’s international success of “Squid Game,” more viewers from across the globe are watching Korean series [...]

SK Innovation’s Trading Unit Invests in U.S. Clean Fuel Company

SK Innovation’s Trading Unit Invests in U.S. Clean Fuel Company

SEOUL, Oct. 12 (Korea Bizwire) — SK Trading International Co., a subsidiary of South Korean refiner SK Innovation Co., said Wednesday it has invested in a U.S. clean fuel company to bolster its green energy drive. The company did not disclose the amount of the investment in Infinium, a California-based startup that engages in the [...]

SK Innovation to Invest 5 tln Won for Net-zero Project at Its Flagship Ulsan Complex

SK Innovation to Invest 5 tln Won for Net-zero Project at Its Flagship Ulsan Complex

SEOUL, Oct. 11 (Korea Bizwire) — SK Innovation Co., South Korea’s largest oil refinery, said Tuesday it will invest 5 trillion won (US$3.54 billion) into its flagship Ulsan industrial complex to transform its fossil fuel energy-oriented business to a green energy and material company by 2027. “After building South Korea’s first refinery plant in Ulsan, [...]

LG Uplus to Expand Non-telecom Biz Portfolio to Up to 40 pct of Total Sales by 2027

LG Uplus to Expand Non-telecom Biz Portfolio to Up to 40 pct of Total Sales by 2027

SEOUL, Sept. 15 (Korea Bizwire) — LG Uplus Corp. aims to expand its non-telecom business portfolio to account for up to 40 percent of its total sales by 2027, as South Korea’s third-largest wireless carrier plans to transform itself into a digital platform service provider from its traditional telecom identity, its CEO said Thursday. At [...]

SK to Spend 73 tln Won by 2023 to Boost Domestic Production Facilities

SK to Spend 73 tln Won by 2023 to Boost Domestic Production Facilities

SEOUL, Sept. 14 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, said Thursday it will spend 73 trillion won (US$52.4 billion) by 2023 to boost its domestic production facilities for chips, green energy and bio. The energy-to-telecom business group will also spend 25 trillion won on research and development (R&D) over the [...]