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Korea Approves Soluble Metallic Screw for Medical Applications
BonescrewThe world’s first metallic screw for medical purposes that fixes broken bones and is dissolved into the human body over time won its approval in Korea.The Ministry of Food and Drug Safety...
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Korea-U.S. Nuclear Agreement Revised after 42 Years
Liberal ConcessionsThe revised Agreement for Cooperation between the Government of the Republic of Korea and the Government of the United States of America concerning Civil Use of Atomic Energy was...
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Wireless Smart Sensor Needs No Battery
Field-effect TransistorThe Ulsan National Institute of Science and Technology has developed a transparent hybrid electronic device production technique for the manufacturing of wireless smart sensors....
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Deputy Prime Minister Strict about KCTU’s Upcoming General Strike
Firm MeasuresDeputy Prime Minister Choi Kyung-hwan said he would take stern action against the Korean Confederation of Trade Unions’ general strike scheduled for April 24. “The strike the KCTU is...
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Daum Kakao Predicted to Acquire No. 1 Messenger Service in Indonesia
ASEAN GrowthDaum Kakao (CEO Lee Sir-goo) is planning to take over Path Classic, which is the most popular messenger application in Indonesia. Path Classic has more than 30 million users in the...
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New NO Transmitting Substance Expected to Contribute to Cardiovascular...
Drug AdvancementThe Institute for Basic Science announced on April 22 that its research team succeeded in selective NO separation by using carbene as a catalyst for the collection of gaseous NO,...
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Nonghyup Bank Ranked First in Social Contribution
Responsible PartyNonghyup (NH) Bank, with 100 percent South Korean capital, contributes its entire revenue to its customers, farmers, and local society, the bank said.According to the “2013 banks...
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Lotte E&C Successfully Completes Korea’s First Lifting Test of 150MPa...
High-pressure TechLotte Engineering & Construction announced on April 22 that it succeeded in lifting ultra-high-performance concrete that has a compressive strength of 150Mpa to a vertical height...
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Ssangyong Motor Sees Greatest Domestic Sales in 10 Years
Thanks TivoliSsangyong Motor announced on April 22 that it sold a total of 32,915 cars – 21,107 units in the domestic market and 11,808 units in overseas markets – in the first quarter.During this...
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Korea Signs KT-1P Export Contract with Peru for US$200 Million
S. American MarketKorea’s KT-1P will be produced in Peru for the first time, securing a stepping stone for the country to advance into the South American aircraft market. Korea Aerospace Industries...
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DSME Unveils World’s First LNG-Powered Container Ship
Isla BellaThe era has come that a liquefied natural gas (LNG) engine is being used in a ship. The world’s first LNG-powered container ship designed by Daewoo Shipbuilding & Marine Engineering...
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Galaxy S6 Sales to Fall Short of Expectations
Missing the MarkAccording to data, sales of the Galaxy S6 have fallen far short of a total of 300,000 pre-orders for 10 days after the launch. With the high number of pre-orders, Samsung Electronics...
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Woori Bank Partners with South African Standard Bank
Korean DeskWoori Bank (President Lee Kwang-goo) has signed a Business Cooperation Agreement (BCA) with Standard Bank of South Africa for the first time in the domestic industry. It will operate a...
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LG Display Dominates Global OLED Market
Out On TopAs LG Display came out on top in the small and medium-sized display market after the large display panel market, it has become the first company to dominate the large, medium, and small-sized...
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SK Hynix to Mass Produce 36-Layer 3D NAND Flash Chips Later This Year
NAND SandwichesSK Hynix is planning to mass produce 36-layer 3D NAND flash chips in the second half of this year. Also, it will start producing 48-layer products from next year, opening the era of 3D...
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Weak Yen Continuing to Affect Korean Economy
Forex FluctuationsThe Korean economy recorded a growth rate of less than 1 percent for the fourth consecutive quarter due to the sluggish domestic consumption, and the weak yen is compounding the...
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Number of Samsung Electronics Employees Exceeds 300,000
Exponential GrowthSamsung Electronics announced on April 23 that the number of its employees at home and abroad totaled 319,000 as of the end of last year. The numbers were 286,000 in 2013 and 161,700...
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Low Growth Becoming Permanent in Korean Economy
New RealityThe Bank of Korea announced on April 23 that Korea’s GDP edged up by just 0.8 percent from the previous quarter to 361.971 trillion won (US$335.638 billion) in the first quarter of 2015. The...
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KT Succeeds in Demonstrating Massive MIMO
Massive MultiplicityKT announced on April 23 that it succeeded in outdoor demonstration of massive MIMO, or multiple-input multiple-output, which is the essence of 5G communications, for the first time...
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SK Telecom Concentrates on Platform Business
Innovative StrategySK Telecom will shift the focus of its business to integrated platform services covering digital content, e-commerce, new media, and convergence services. It also declared that it...
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