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Tving narrows gap with Netflix in 1st half as competition heats up

The homegrown streaming platform Tving is gaining ground on market leader Netflix in South Korea, data showed Friday.

Tving’s monthly active users (MAU) surged 27 percent to 7.39 million in the first half, while Netflix experienced a 16 percent decl…

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(LEAD) S. Korea’s current account returns to surplus in May

South Korea logged the largest current account surplus in 32 months in May on the back of a sharp rise in the trade surplus and increased dividend income, central bank data showed Friday.

The country’s current account surplus reached US$8.92 billion…