SEOUL, Feb. 16 (Korea Bizwire) — Major Korean streaming services have experienced rapid growth in recent years but are now turning their eyes abroad amid mounting losses and tougher competition with foreign rivals in the crowded domestic market. Homegrown over-the-top (OTT) players, which were made out of alliances among major entertainment companies, broadcasters and telecom [...]
SEOUL, June 29 (Korea Bizwire) — Lee Soo-man, the chief producer and founder of K-pop powerhouse SM Entertainment, on Tuesday announced plans to diversify the company’s business and include more fans in the process. “Our metaverse content has been recognized for its originality through blockchain technology, and in an era where content is valued, the [...]
YONGIN, March 31 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it will seek to transform itself from a traditional auto parts maker into a future mobility services and platform provider. “Auto parts makers are required to make a structural reform in their business portfolios as carmakers are integrating [...]
SEOUL, March 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s No. 1 automaker, will explore ways to expand sales of SUVs and revitalize its sluggish Chinese business to improve profitability, its CEO said Wednesday. Hyundai Motor CEO Ha Eon-tae said the company will offer a wider range of value-added SUVs under Hyundai and its [...]