Clik here to view.
Korea’s Labor Productivity Index Rises for 2nd Consecutive Year
More ProductiveThe Ministry of Trade, Industry & Energy and the Korea Productivity Center announced on May 7 that Korea’s labor productivity index, covering every domestic industrial sector,...
View ArticleClik here to view.
China Becomes 2nd-largest Overseas Investment Destination for Korea
Money DestinationThe Bank of Korea announced on May 7 that Korea recorded a reserve-excluded overseas investment balance of US$716.6 billion last year, and the amount increased by US$95.5 billion from...
View ArticleClik here to view.
Seoul-based Startups Invited to Berlin via Apora Ventures Program Supported...
International AvenueApora Ventures, an early-stage investment firm headquartered in Amsterdam, the Netherlands, has partnered with the Korea Institute of Startup and Entrepreneurship Development...
View ArticleClik here to view.
To the (Few) Victors Go the Spoils
Venture Capital2015 has more in common with the late 1990s than just a Star Wars franchise re-launch and a Clinton on the campaign trail. In the world of global high-tech these days, they are partying...
View ArticleClik here to view.
LG Chem to Bring Holland Battery Plant Online This Year
Global ExpansionAccording to industry sources on May 11, LG Chem is planning to use the entire line of its Holland, Michigan battery plant for electric cars this year, after its partial opening...
View ArticleClik here to view.
Galaxy S6 Posts Lackluster Sales in Japan, Even without Samsung Logo
Incognito FailureSamsung Electronics introduced the Galaxy S6 to the Japanese market without its logo, but the new model is exhibiting sluggish sales performance in the local smartphone market...
View ArticleClik here to view.
LG Display Controls 90% of Global Smart Watch Panel Market
Market DominationWith the introduction of the Apple Watch, the global smart watch panel market has entered a boom period, which allows LG Display to be the dominant player in the market with an...
View ArticleClik here to view.
Submarine Arms Race Underway in Northeast Asia
Beneath the WavesNorth Korea has succeeded in launching a ballistic missile from a submarine. Under the circumstances, much attention is being paid to the submarines owned by the countries surrounding...
View ArticleClik here to view.
Car Importers Providing Installment Plans
Interest FreeAn increasing number of foreign automakers in Korea are coming up with installment plans to increase their market shares by means of aggressive marketing campaigns such as interest-free...
View ArticleClik here to view.
Samsung Group’s Overall Performance for Q1 Far Below Expectations
Fall of Empire?The Samsung Group has suffered an earnings shock greater than the other two top three Korean business groups, that is, the Hyundai Motor and LG Groups, in the first quarter of this year....
View ArticleClik here to view.
Chinese Manufacturers Evolving at a Rapid Pace
Increasing ThreatChinese manufacturers are posing an increasing threat, in terms of not only price but also product quality and technological strength, to companies representing Korea such as Samsung...
View ArticleClik here to view.
ADB Vice Presidency Likely to Go to Indonesia
Money PoliticsThe Ministry of Strategy and Finance recommended a former vice minister versed in international finance as the successor to Bindu Lohani, the vice president for knowledge management and...
View ArticleClik here to view.
Korea Becomes De Facto Largest Investor in China
Eggs in BasketsThe Korea International Trade Association (KITA) announced on May 11 that Korea’s investment in China reached US$1.62 billion in the first quarter of this year, to be second only to Hong...
View ArticleClik here to view.
Mobile Phone Exports from Korea Rebound After Six Months
RecoveryThe Ministry of Science, ICT and Future Planning announced on May 11 that Korea’s mobile phone exports increased 8.3 percent from a month ago and decreased 4.7 percent from a year ago to...
View ArticleClik here to view.
Number of New E-Finance Business Registrations Rapidly Increasing
E-finance BoomingMuch attention is being paid to financial technology (fintech), and a growing number of companies are enrolled as electronic financial business operators, which have been out of the...
View ArticleClik here to view.
Comprehensive Plan on the Anvil for Overseas Investment Promotion
Lifting RegulationsThe Korean government will come up with a grand plan for overseas investment promotion next month. The purpose is to address the so-called recession-type current account surplus...
View ArticleClik here to view.
Korea’s Intellectual Property Trade Deficit Exceeded US$6 Billion in 2014
Giving Not GettingThe Korean Intellectual Property Office and the Bank of Korea announced on May 12 that the amount of intellectual property transactions that Korea was engaged in last year totaled...
View ArticleClik here to view.
KOSPI Fails to Regain 2,100 Point Mark
Foreign Investment FaltersThe KOSPI closed at 2,096.77 points on May 12, losing 0.61 points from the previous session. Institutional investors recorded a net sale of 89.4 billion won (US$81.3 million)...
View ArticleClik here to view.
Infrastructure Construction Demand Likely to Soar
Middle Class ExplosionMcKinsey Korea predicted that the amount of people in the middle class would increase from 2 billion to 5 billion between now and 2030, with more than half of the new middle class...
View ArticleClik here to view.
Korean Tire Manufacturers Remain in Slump in Q1
Profitability DownChinese tire manufacturers are overtaking industry leaders such as Pirelli so as to enter the high-end market. Korean manufacturers, in the meantime, recorded less-than-expected...
View Article