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Mobility

China EV production costs 35 percent lower than Europe's, battery supply chain and development speed drive gap

Production costs for Chinese-brand electric vehicles made in China are on average 35 percent lower than comparable European models, a report cited by InsideEV said. Consulting firm AlixPartners estimated costs at about $20,000 versus $31,000 in Europe. It said the gap reflects structural advantages beyond subsidies, including battery supply chains, energy costs and faster development known as “China speed”. The report warned tariffs alone are unlikely to erase China’s cost edge.

Games & Commerce

KakaoFriends partners with Riot Games for Worlds 2026

Kakao said on Wednesday it will team up with Riot Games for online and offline KakaoFriends collaborations to mark the 2026 League of Legends World Championship, known as Worlds 2026. Kakao will sequentially release content that reinterprets key League of Legends scenes and music using KakaoFriends characters. Offline, it will join Riot Games’ official pop-up event in Seoul. Kakao also plans global marketing during the November Worlds period.

Telecommunications & Media

SOOP and Jeungpyeong County team up to boost local culture and content

SOOP said on Oct. 22 it signed a memorandum of understanding with Jeungpyeong County to revitalise local culture and content. The agreement was signed on Oct. 21 at the Reading King Kim Deuk-sin Literature Museum in North Chungcheong Province, attended by SOOP CEO Lee Min-won (이민원) and Jeungpyeong County Governor Lee Jae-young (이재영). They will cooperate on discovering and spreading content using local resources, jointly planning local-linked content, exchanges with residents, local promotion via SOOP, and using local facilities for production.