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LS C&S to Build Optical Cable Production Lines in Poland
Cable Production Base in EuropeLS Cable & System announced on April 10 that it would set up new optical cable manufacturing facilities in LS EV Poland by investing 11 million euros. The new...
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HMM to Place Orders for 20 Eco-Friendly Mega Container Vessels
Rebuilding National Flag ShipsHyundai Merchant Marine will place orders for 20 eco-friendly mega container ships in line with the government’s five-year plan to rebuild the Korean shipping industry.The...
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Samsung BioLogics Jumps to Third in Market Cap in Seoul Bourse
Outpacing CelltrionSamsung BioLogics Co.’s market value has surpassed that of its biosimilar rival Celltrion for the first time as its stock prices reach an all-time high.At 9:24 a.m. on April 10,...
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GM International president Visiting Korea to talk with workers
GM head in SeoulGM International President Barry Engle is visiting South Korea, for the sixth time this year alone, to have talks with unionized GM Korea workers. Much attention is being paid to...
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Samsung Begins Talks with Biogen to secure control of biosimilar joint venture
Foray into Pharma BusinessSamsung Group is considering raising up to 3 trillion won (US$2.81 billion) to buy a considerable stake in its biopharmaceutical unit Samsung Bioepis Co. from its second...
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LS Cable & System to Build Optical Cable Production Lines in Poland
Optical Cable Production BaseLS Cable & System announced on April 10 that it would set up new optical cable manufacturing facilities in LS EV Poland by investing 11 million euros. The new...
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South Korean Telecom Companies to Share 5G Facilities and Equipment
Sharing Cost for 5G InfraOn April 10, the Ministry of Science and ICT released a plan for better utilization of 5G equipment and facilities. According to the ministry, the number of base stations...
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LG Chem to Issue Convertible Foreign Currency Bonds Worth $600 Million
For Investment AbroadLG Chem announced on April 10 that it would issue convertible bonds worth a total of approximately US$600 million for foreign investment attraction purposes. The registered and...
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Chinese Capital AFC Korea to Take Over STX Corp.
Just for 68.5 Billion WonChinese private equity (PEF) AFC Korea will finally acquire STX Corp. for about 68.5 billion won (US$61.6 million). The acquisition will be made in only three months after AFC...
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Expert review Suggests Korea Continue R&D on Pyro-Processing, SFRs
Research on Pyro-ProcessingAn expert review has suggested that the Korean government continue R&D projects to develop pyro-processing technology for reprocessing spent nuclear fuels and...
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Dulwich College Seoul holds ‘Dulwich Talk’ on Mental Health
Health TalkPart of Dulwich College Seoul’s Year of Wellbeing in 2018Dulwich College Seoul in Banpo-dong held a “Dulwich Talk” on Tuesday April 10 at 8:30 a.m. featuring Dick Moore, a former headmaster...
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Report: ‘U.S. Benefited More from KORUS FTA’
Correction Needed?The Korea Institute for International Economic Policy (KIEP) said in its recent report that the KORUS FTA has been more advantageous for the United States rather than South Korea...
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Unionized GM Korea Workers Holding Rallies
Where It will End?Unionized GM Korea workers began to hold an all-night protest on April 9 in Incheon City, demanding bonus payment. At the same time, around 120 coworkers did so near the Blue House.On...
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Issuance of ELS Surpass 81 Trillion Won in 2017
Reaching Record HighAccording to the Financial Supervisory Service (FSS) on April 9, the issuance of equity-linked securities (ELS) amounted to 81.1 trillion won (US$75.7 billion) last year, up 64.5...
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Luminous Paintings Shining in Cave of Eternity
Changing Art ParadigmArtist Kim Nam-ho, who invented the world’s first luminous paints and is famous for paintings shining on their own, held a solo exhibition from April 5 to 11 in the lava cave of...
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Game Developers Build In-game Item Trading Platform with Virtual Currency
Blockchain Meets Gaming IndustryWith many countries seeking to integrate the blockchain technology into actual service models, expectations are growing that an advanced model will first appear in the...
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Startups with Sales of 100 Billion Won Spring Up in S. Korea
Successful StartupsAs the South Korean economy is rapidly changing to the digital economy, startups which are based on the mobile ecosystem with annual sales of more than 100 billion won (US$93.55...
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Will Samsung Securities Fail to Become Mega IB?
System Collapsed, Trust LostSamsung Securities Co., which made an unprecedented financial blunder of wrong dividends payment in the history of the domestic capital market, is highly likely to suffer a...
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Report: ‘Chinese Economy Puts Pressure on S. Korea’s Key Industries’
S. Korean Key Industries’ CrisisThe Chinese economy puts pressure on the South Korean key industries as a double-edged sword, according to a recent report.The Hyundai Research Institute (HRI) analyzed...
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Battery Engineers Are Leaving S. Korean Companies
Brain Drain in Battery IndustryIt has been found that the battery business unit of LG Chem increased the number of its staff members only by 34 last year, about one tenth the annual increase of...
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