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Samsung C&T won a US$160 million Malaysian project
Malaysian development Samsung C&T Corporation won the UM City multiple development project of the UM Land of Malaysia, the value of which is US$160 million, Samsung C&T said on May 21.The...
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SK Telecom’s won the Most Innovative Telecom Project award
Innovative Telecommunication TechnologySK Telecom won the Most Innovative Telecom Project (MITP) award on May 20 from the Telecom Asia Award (TAA) held in Jakarta, Indonesia, the company said. SK...
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Hyundai Engineering & Construction won awards from the BCA AWARDS 2015
Construction AwardsHyundai Engineering & Construction (HEC), a subsidiary of Hyundai Motor Group, won awards from the BCA AWARDS 2015, which is held by the Building and Construction Authority (BCA)...
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Black Yak donates further 700 million won to Nepal
Help NepalBlack YaK Kang Tae Sun Financial and Foundation is to donate 700 million won of aids to Nepal damaged by earthquake, Black Yak said on May 21.Having donated 500 million won last month, Black...
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POSCO Makes Huge Profits by Selling Sandfire Share in Australia
Selling Non-coresBy selling its non-core assets abroad, POSCO has turned a profit over three times higher than that of the initial investment. By improving its financial structure, POSCO is...
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Samsung SDI Considers Using Polymer Polarizing Film on Monitors
Polarizing DecisionSamsung SDI has started strengthening its competitiveness in the polarizing film business. A polarizer makes a screen clear and vivid by restricting the plane in which light waves...
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Wireless Charging Tech to be Used in Cars, Medical Devices
Beyond SmartphonesThe Korea Institute of Science and Technology Information (KISTI) published a market report on May 20, which read that the introduction of wireless charging technology will be...
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Samsung Closely Following Intel in Semiconductor Market
Narrowed GapWith Samsung Electronics increasing its share of the global semiconductor market in the first quarter of this year, the Korean tech giant narrowed the gap with top-ranked semiconductor chip...
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Samsung to Strengthen Fitness App S Health
Mobile HealthThere is growing competition between Samsung Electronics and Apple to dominate the mobile health care market.Samsung is actively seeking to increase its share of the mobile healthcare...
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Korea Agro-Fisheries & Food Trade Corp. Focuses on Halal
Halal MarketKorea Agro-Fisheries & Food Trade Corporation President Kim Jae-soo stressed the importance of halal food as one of the corporation’s key business items for this year.Halal food can be...
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Korean Companies’ R&D Efficiency Found to be Relatively Low
Neighbor CompetitionOn May 21, the Hyundai Research Institute released a report as to the efficiency of R&D activities by Korean, Chinese, and Japanese listed companies.According to the report, the...
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Korea Post Plans to Put 'Hogi' on Its Post Boxes
Post Service PromotionKorea Post plans to put “Hogi” on its post boxes for domestic and overseas dispatches, in order to promote South Korea. The Korea Post appointed Hogi, a little airplane delivery...
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Network Virtualization Emerging as New Trend
Multiple UsesGuido Appenzeller, CTSO for Networking and Strategy at VMWare, held a press conference on May 21 at the Grand Intercontinental Hotel located in Samsung-dong, Seoul. “Approximately 80...
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Cash Inflow into International Investment Funds Declining
Tax HikeThe Korea Financial Investment Association announced on May 20 that the net assets of the funds investing abroad decreased from 84.7 trillion won (US$77.7 billion) to 60.6 trillion won (US$55.6...
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LG Electronics Releases Water-purifying Refrigerator
Pure RefrigerationLG Electronics is to release its water purifying refrigerator in nine countries including China, the U.S., India, and Australia, the company said on May 28.The water purifying...
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Korea to Cooperate in Uzbek Infrastructure Projects Worth 61 Trillion Won
Silk Road Co-opKorean companies are expected to have more chances to take part in large-scale infrastructure development projects in Uzbekistan in which US$55 billion (61 trillion won) will be...
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Galaxy S6 edge Iron Man Limited Edition to be Available in China, Hong Kong...
Sold Out in KoreaOnline pre-orders for the Galaxy S6 Edge Iron Man Limited Edition have already sold out in Korea. The handset will also be available in China and Hong Kong in June.On May 28, a...
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Korea's First e-Gov't System Shipped to Middle East Goes Live in Bahrain
First ExportThe Business Licensing Integrated System (BLIS), which is cited as LG CNS's first export of its e-government system to the Middle East, has opened to the public. Under the circumstances...
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Ssangyong Motor Pres. Says Union’s Cooperation Needed for Tivoli to Become...
Volume ModelSsangyong Motor’s long time dream has come true. The annual sales of the Tivoli compact sport utility vehicle (SUV) are expected to top 100,000 units next year, a significant number for a...
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Daewoo E&C Exports BMC Technology to Vietnam
ConstructionDaewoo Engineering & Construction (E&C) announced that it exported its own BMC technology to the global market for the first time. BMC is a technology to predict the changes of...
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