The antitrust regulator said Wednesday it has decided to fine Nexon Korea Corp. 11.6 billion won (US$8.85 million) for alleged deceptive business activity against game users regarding in-game items.

The game giant was accused

Kia Corp., South Korea’s second-largest automaker by sales, said Wednesday its 2023 sales reached a record high of some 3.08 million units thanks to increased overseas demand for its SUV models.

Kia, the smaller

Bank of Korea (BOK) Governor Rhee Chang-yong has been awarded Asia-Pacific Central Bank of the Year 2024 by global financial magazine the Banker for his efforts to stimulate growth and stabilize the South Korean

Renault Korea Motors, the South Korean unit of Renault S.A., said Wednesday its 2023 sales fell over 38 percent from a year earlier as demand for its models remained weak.

Renault Korea sold 104,276

KG Mobility, formerly known as SsangYong Motor Co., said Wednesday it recorded a slight growth in sales last year driven by increased overseas demand.

KG Mobility’s annual vehicle sales stood at 116,428 vehicles last