China Association of Travel Services
Scope
Date
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Mergers & Acquisitions
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
Jan 17, 2024 (Gmt+09:00)
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E-commerce
Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
Naver unveils reports of Qatar Asian Cup utilizing AI
South Korea's Naver Corp. announced on Friday that it has published AI Scout Report for the Asian Football Confederation (AFC) Asian Cup 2023, which...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
SK Telecom considers adding LLM to iPhone recording app
LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...
Jan 12, 2024 (Gmt+09:00)
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Batteries
Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin
South Korea’s top automaker Hyundai Motor Group has agreed to secure lithium hydroxide, a key raw material for electric vehicle batteries, fro...
Jan 11, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage installs Solar in KakaoTalk AI services
South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...
Jan 11, 2024 (Gmt+09:00)
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K-pop
CJ ENM to hold KCON Hong Kong in March
South Korea’s entertainment powerhouse CJ ENM Co. announced on Thursday that it will hold its annual K-pop festival KCON in Hong Kong for the ...
Jan 11, 2024 (Gmt+09:00)
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Economy
S.Korea’s November travel account deficit doubles vs October
South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...
Jan 09, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Display unveils brightest OLED TV panel for turnaround
LAS VEGAS, NV -- LG Display Co., the global leading manufacturer of large-size organic light-emitting diode (OLED) panels, introduced the industry&r...
Jan 09, 2024 (Gmt+09:00)
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Airlines
South Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...
Jan 09, 2024 (Gmt+09:00)
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Batteries
SK On to develop large-size cylindrical battery with 4680 form factor
SK On Co., an affiliate of South Korea’s SK Group, will work on the development of a large-size cylindrical battery with the 4680 form factor ...
Jan 07, 2024 (Gmt+09:00)
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Travel & Leisure
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
Jan 05, 2024 (Gmt+09:00)
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Artificial intelligence
S-1 sees facial recognition AI as core trend in 2024
South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...
Jan 03, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility posts sevenfold rise in overseas ride-hailing services
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, saw its services in overseas markets grow sevenfold in the first...
Dec 29, 2023 (Gmt+09:00)
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Business & Politics
South Korea eyes new Arab boom via free trade deal with GCC nations
South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stre...
Dec 28, 2023 (Gmt+09:00)
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Artificial intelligence
ESTsoft launches conversational AI service Alan
South Korea's AI service specialist company ESTsoft Corp. announced on Tuesday that it launched its conversational artificial intelligence (AI) serv...
Dec 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Dec 26, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea sees new record of seaweed exports
South Korea's seaweed (Gim) exports hit 1 trillion won ($770 million) in this year, the Ministry of Oceans and Fisheries announced on Wednesday. I...
Dec 21, 2023 (Gmt+09:00)
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Private equity
Campbell Lutyens taps ex-KIC PE chief as Korea head
Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...
Dec 21, 2023 (Gmt+09:00)
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Korean games
NCSOFT, Obigo to jointly develop car AI services
South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...
Dec 18, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, NHIS to boost data services with HyperCLOVA X
South Korea's leading online portal Naver Corp. and the state-run National Health Insurance Service (NHIS) will collaborate to leverage advanced art...
Dec 18, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom launches AI-based phone interpreting service
South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...
Dec 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor to offer China-made Sonata taxis in S.Korea
Hyundai Motor Co. will import Sonata taxis manufactured in China to South Korea in response to strong demand from local taxi drivers less than five ...
Dec 14, 2023 (Gmt+09:00)
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Private equity
China's CICC enters S.Korea with its private equity fund
BEIJING – CICC Capital, a unit of China International Capital Corp. (CICC), has entered the South Korean market with the launch of a private e...
Dec 13, 2023 (Gmt+09:00)
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Batteries
SK Ecoplant completes battery recycling plant in China
South Korea’s SK Ecoplant announced on Wednesday that it completed a battery recycling plant in the Yancheng Economic and Technological Develo...
Dec 13, 2023 (Gmt+09:00)
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Batteries
US regulations push Korean battery industry to cut reliance on China
The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...
Dec 12, 2023 (Gmt+09:00)
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Foreign exchange
Korea, Indonesia to facilitate bilateral trade in won, rupiah
The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...
Dec 11, 2023 (Gmt+09:00)
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Economy
Korean current account surplus at 19-month high on exports recovery
South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...
Dec 08, 2023 (Gmt+09:00)
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Korean games
Cookie Run: Kingdom to launch in China on Dec 28
South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...
Dec 08, 2023 (Gmt+09:00)