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Kia Motors’ Operating Profits in Q1 Drops 30%, Directly Hit by Exchange Rates
Forex PunchKia Motors’ performance in the first quarter of this year has worsened due to the rapid drop of the euro and the ruble in exchange rates, compared to a year earlier.In the Investor Relations...
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Korea Agrees to Closer Cooperation in Medical Sector with Brazil, Chile
South American DealThe Ministry of Health and Welfare announced on April 26 that it signed memoranda of understanding with the national health authorities of Brazil and Chile for cooperation in the...
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China’s Top Global Trade Items Overwhelming All Others
Overpowering OutputChina is continuing to dominate the global trade market by acting as the factory of the world, despite some predictions about the slowdown of the Chinese economy.According to the...
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Popularity of Wireless Vacuum Cleaners Going Up
Wire-freeWireless vacuum cleaners are becoming increasingly popular with consumers. Samsung Electronics and LG Electronics, which have a competitive edge as battery and motor manufacturers, are trying...
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Chinese More Frequently Seen in Jeju
Land OwnershipAn increasing number of Koreans are concerned over the purchase of land on Jeju Island by Chinese capital. Last year, the area of the land in Jeju owned by Chinese increased 164 percent...
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Venture Investment Promotion Plan Working as Intended
Seeding the FutureThe Korean government is successfully carrying out its plan for the promotion of investment in venture firms and startups.The Small and Medium Business Administration announced on...
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Chinese Consumer Electronics Manufacturers Copy Korean Products
CopycatsChinese companies prevailed at the 2015 IFA Global Press Conference hosted by the GFU and Messe Berlin GmbH. Haier, ZTE, and may more Chinese companies gave presentations of their products and...
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Korean Telecoms Operators in Pursuit of Divergent Future Business Goals
Divergent FutureKorean mobile carriers are coming up with different business strategies in order to deal with the saturation of the domestic telecoms market and avoid cut-throat competition.It is 5G...
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Korea-based Business Leaders Share Insights into Surmounting Common Obstacles
Leaders' AllianceThe Korea Business Leaders Alliance (KBLA) held a case study lunch on Friday, April 24, at the Hyatt Hotel to discuss a theoretical and yet plausible case study about Korean business....
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Sparkling Wine Becomes Winner of Public Blind Wine Tasting
Excellent ExpoWhat is the best type of wine, that is in 110 million bottles a year and is exported to 50 countries across the world? It is definitely sparkling wine. riunite wine.jpgEditDeleteRiunite...
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Samsung Electronics’ Sound Innovation
Curved SoundThe rapid evolution of home entertainment, which started from image displays, now spreads to sound. As more and more people are becoming more satisfied with visual elements, there is a...
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Will Netflix Dominate Domestic OTT Market?
Foreign Media PowerAs Netflix, the world’s biggest provider of Internet streaming media, is expected to enter the domestic market next year, the pay broadcasting market at home is in disarray.While...
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Who Will Lead the Indian Smartphone Market?
Hot MarketAs the competition to take over the newly-emerging hot Indian market is becoming fiercer, the industry is paying attention to who will be the leader of the Indian smartphone market this...
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IBM Korea Transfers Funds 2.5X Higher than Net Profits to Headquarters
Cash OutflowIBM Korea, once a leader in the domestic IT market, is continuously falling. The company lost consumer trust after the controversy over the change of the main computers of KB Kookmin Bank...
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Korea’s AIIB Share Ratio Estimated at Less than 4%
Local InfrastructureThe Korea Institute for International Economic Policy remarked on April 27 that Korea can get 3.35 percent to 3.93 percent of the shares of the Asia Infrastructure Investment Bank...
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Japanese Government Holds Hands with American Strategic Advisory Firm
More Whitewashing?According to the U.S. Department of Justice, the Japanese government signed a contract with the Daschle Group, a leading strategic advisory firm located in Washington D.C., on April...
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Korean Companies Increased Dividend Payments Despite Drop in Profits
Steady SupplyIt has been found that 164 out of the 199 KOSPI 200 companies paid dividends last year.The amount of the dividends increased by 2.3 trillion won (US$2.2 billion), although the number of...
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More Countries Resorting to Technical Barriers to Trade
Invisible BarriersThe Ministry of Trade, Industry and Energy announced on April 27 that the number of technical barriers to trade (TBT) reported to the World Trade Organization (WTO) reached a record...
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Multinational Chemical Companies Stepping Up Investment in Korea
Research CentersMerck is planning to set up an additional OLED research center in Pyeongtaek, Gyeonggi Province within this year. The company is currently supplying OLED and LCD materials to Korean...
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ETRI and TTA Cooperate for IoT Standardization
International StandardsThe Electronics & Telecommunications Research Institute (ETRI) and the Telecommunications Technology Association (TTA) announced on April 27 that they conduct a three-day...
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