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Daum Kakao Having Hard Time Abroad

Shrinking Overseas BusinessDaum Kakao has broken up with Yahoo Japan after two years of business cooperation in the Japanese market. The former said that the decision was made as a part of its overseas...

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KTB Price Determination Led by Foreign Investors Last Year

Bond PricesThe Asia Development Bank and the Bank of Korea said on March 17 that foreign investors’ net purchases of treasury bond futures led the treasury bond price determination in the spot and...

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Korean Government to Give Permanent Residence to Attract Foreign Engineers

Developing Foreign WorkersThe Ministry of Trade, Industry and Energy announced on March 17 that it will increase the number of colleges providing engineering training programs for foreigners from three...

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EDCF Grants to be More Site-friendly

Raising Loan EffectivenessThe Ministry of Strategy and Finance and Korea Exim Bank announced on March 17 that they will beef up their feasibility study for the Economic Development Cooperation Fund...

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Korean Fashion Fair in Shanghai Opens Today

CHIC2015Korea Federation of Textile Industries (Chairman Sung Ki Hak) is conducting a 'Preview in China 2015' at the China International Clothing & Accessories Fair (CHIC) from March 18th to...

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Listed Corporations Focusing on Online Investor Relations Activities

Online IRIPR consulting firm IR Kudos said on March 17 that listed Korean companies made greater use of online IR activities and conference calls than before last year. In 2014, a total of 365...

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KAIST Develops Super-thin Flexible Lithium-ion Battery

New Battery ConceptThe Korea Advanced Institute of Science and Technology (KAIST) announced on March 17 that the team of professor Choi Jang-wook at its Graduate School of EEWS and Korea Research...

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Korea Preparing for FTAs with Central America, Ecuador

Even More FTAsThe Ministry of Trade, Industry and Energy announced on March 17 that it is holding public hearings for free trade agreements with Central America and Ecuador on April 1 at the COEX...

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Korea’s Economic Growth Rate Expected to be 0% for Six Consecutive Quarters

Stagnant GrowthWith poor real economic indicators in the beginning of this year, the South Korean economic growth rate is expected to show zero percent growth for six quarters in a row, as the rate is...

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Solving the Kaesong Conundrum

Northern Neighbor ProblemsFourteen South Korean businessmen departed for North Korea's border town of Kaesong on Wednesday morning, as concerns grew over unilateral demands from North Korea.Recently...

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South Korea Decides to Join AIIB

Matter of TimeThe Korean government has opted to join the China-led Asian Infrastructure Investment Bank (AIIB). The signing of the MOU with China is scheduled for this month, and the official...

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Remittance Feature Added to Facebook Messenger

Gust in Mobile PaymentsFacebook announced that it has added a remittance feature to its messenger service. Under the circumstances, the electronic remittance market that is now led by Alibaba’s Alipay,...

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British Company Content Media to be Listed on KOSDAQ

First Listed UK FirmCContent Media Corporation CEO John Schmidt. ontent Media Corporation CEO John Schmidt said on March 18 that his company is planning to be listed on KOSDAQ within this year to...

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Apple Continuing to Ignore Korean Customers Despite Big Business Potential

Any Hidden Reason?Apple opens a dedicated store for Apple Watch customers on the first floor of a famous department store located in Shinjuku, Japan. In addition, the Apple Stores in London, Berlin,...

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Money Flowing into Stock Market

Active Foreign InvestorsLiquidity is boosting the stock price index in Korea, as the Bank of Korea cut the key rate to below 2.0 percent and the interest rate hike by the Fed is expected to take time....

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Employment Rate Increases Simultaneously with Unemployment Rate

Strange PhenomenonThe employment and unemployment rates in Korea are increasing at the same time in the economy.This is because the economically active population that hopes for employment is...

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South Korea Seeks Kaesong Compromise for Sustainable Development

Seeking Compromise​After Wednesday's talks in Kaesong, South Korean businessmen are expecting something positive, saying that the talks were quite productive. Although North Korea rejected a petition...

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128 GB Smartphones Now Affordable with New Samsung Memory

Mobile MemorySamsung Electronics has introduced a new, high-performance mobile memory storage based on Embedded MultiMediaCard (eMMC) 5.0 technology. The new 128 GB, NAND-based eMMC 5.0 storage is...

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IKEA Prices Higher in S. Korea

Price HikeIKEA charges higher prices in Korea, the Consumers Union of Korea (CUK) reported today. After surveying 49 IKEA products traded across the world, the civic group found that the local prices...

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Prognosis on the Coming Medical Revolution to Re-focus on Prognosis

Shifting Medical ParadigmsHippocrates, as Dr. Ogan Gurel pointed out at the Grand Hyatt in Seoul at the March 17 “What's Next” seminar put on by the Korea Business Leaders Alliance (KBLA), said that...

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