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Billboard Praises EXO's Exodus

Boy Band Basics“Exodus”, EXO's second full-length album, is hitting online music services and street record stores in South Korea and China. It was already standing out as the top-selling Korean album...

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Park, Obama Both Move to Strengthen Cyber Security

Attacks Bolster DefensePresident Park Geun-hye appointed a new cyber security secretary, a newly-created post, presidential spokesman Min Kyung-wook said on Friday. Shin In-seop, a brigadier general...

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Average Annual Pay of Male Employees Breaks 100 Million Won Mark in Majority...

Wage DisparityHalf of the top 20 financial companies in Korea paid more than 100 million won (US$92,375) on average to their male employees last year. According to the companies’ 2014 business reports...

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Trade Protectionism Becoming Increasingly Prevalent Worldwide

Move BackwardsThe number of trade protection measures has increased approximately seven-fold across the world since the global financial crisis six years ago. Tariff rates have rebounded, and trade...

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Distribution Management Holds Key to Success of Galaxy S6

Samsung SalvationSamsung Electronics is paying close attention to inventory control with regard to the Galaxy S6, which has attracted a huge volume of pre-orders from mobile carriers worldwide....

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POSCO Establishes New Technical Service Center in Detroit

Steel SheetsPOSCO is focusing on automotive steel sheet production. In this context, the steelmaker is in a hurry to set up another technical service center in Detroit before the end of this year. At...

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One Quarter of Major Companies Unable to Pay Interest

False ProfitabilityNearly one out of four large listed companies, meaning those of which surpassed 1 trillion won (US$921.74 million) in sales last year, could not even meet their interest payments...

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Outdoor Clothing Brand Nepa Aiming Global

Overseas GoalsKorean outdoor apparel company Nepa aims to generate 1.3 trillion won (US$1.2 billion) at home and abroad by 2020.Park Chang-kun, president of Nepa.​At the proclamation ceremony of...

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LG Electronics Teases LG UX 4.0

New Look & FeelLG Electronics has revealed its user experience or UX 4.0, which makes life convenient but even smarter. The company announced that it would first showcase the LG UX 4.0 on its G4...

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NH Expects SK to Benefit from Expansion of Demand for ICT Services

Business OpportunityNH Investment & Securities said that SK C&C would see its strengthened business opportunity in the IT service sector, presenting the investment opinion of “buy.” Also, it...

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Controversy over Samsung’s Galaxy S6 Edge Durability Test

Unintentionally BendyThe new Samsung Galaxy S6 Edge smartphone apparently bends as easily as the iPhone 6 Plus. On April 3 (local time), third-party warranty firm SquareTrade released a video...

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LG Innotek Targets Wireless Charging Parts Market

Power in the AirLG Innotek (CEO Lee Woong-beom) is mass-producing power transmission modules to target the wireless charging parts market. The company announced that it has provided power transmission...

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Mandarin Version of Psy's “Father” Creates Chinese Sensation

Psy in Chinese“Gangnam Style” star Psy plans to release Chinese versions of more of his songs to reach out to his new Chinese-language fans, according to his management agency.YG Entertainment...

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Samsung, LG Electronics Occupy 99.2% of Global TV Monitor Market

Dominant Market PlayersLG Electronics and Samsung Electronics are dominating the global TV monitor market.According to market research company IDC on March 6, LG Electronics occupied 53 percent of the...

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Hyundai Engineering May Exceed US$40 Billion Overseas This Year

Stable ConstructionHyundai Engineering is expected to exceed US$40 billion (43.66 trillion won) in cumulative overseas order value by the end of this year.Starting its overseas expansion in 1974,...

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Samsung Electronics’ Operating Profits Exceed Expectations in Q1

Reduced ReductionSamsung Electronics recorded 5.9 trillion won (US$5.41 billion) of operating profits in the first quarter, exceeding the market forecast, which was between 5.2 trillion (US$4.76...

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SKT Aims to Secure Global Leadership in Quantum Information Communication...

Domestic QuantaSK Telecom signed an MOU with Korea’s largest photoelectric element manufacturer Wooriro Optical Telecom to domestically produce key components of Quantum Information Communication...

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E·Land Group Accelerates Global Chain Network Construction of Hotels & Resorts

Resort ConsolidationThe E·Land Group has started the construction of a global chain network of hotels and resorts. The group had its groundbreaking ceremony and began renovation of the Palms Resort...

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CJ CGV to Present ScreenX at CinemaCon 2015 in US

Multi-projection TechCJ CGV will display its ScreenX technology at CinemaCon 2015, the largest and the most important gathering for the worldwide motion picture theater industry, being held in Las...

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Mirae Asset Asia Fund Wins 2015 Lipper Award

Best PerformanceMirae Asset Global Investments announced that its Asia Fund received the 2015 Best-in-Class Lipper Award Over 3 Years in the Pacific Ex-Japan Category from Lipper. This is the only...

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