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Korean Automakers Failed to Make Breakthrough Last Month
In a RutHyundai Motor Company, Kia Motors, GM Korea, Renault Samsung Motors, and Ssangyong Motors sold a total of 716,885 cars in May this year, a 4.2 percent decline from a year ago.The sales volume...
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Rising Interest in Sales Volume of Galaxy S6
Galaxy SalesMarket insiders and Samsung Electronics are coming up with different estimates as to the sales volume of the Galaxy S6, which made its debut on April 10. The latter has yet to disclose the...
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Korea’s Crude Steel Production Volume Showed Sharp Decline in April
Crude DeclineThe World Steel Association (WSA) announced on June 1 that 65 major steel-making countries around the world produced 135.407 million tons of crude steel in April this year to post a 1.7...
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Korea’s Short-term Foreign Debt Solvency at Highest Level Since 2008
External DebtsAccording to the Bank of Korea’s provisional International Investment Position (IIP) released on June 1, Korea recorded a balance of external debt of US$418.9 billion at the end of March...
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LX Corporation Launched as National Hub of Territorial Information
Cadastre CacheThe Korea Cadastral Survey Corporation was renamed to the Korea Land and Geospatial Informatix Corporation, or LX Corporation, on June 4 to fulfill its role as the national agency...
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LS C&S Wins Extra High Voltage Cable Project in Singapore
Turn-key CablesLS Cable & System (LS C&S) announced on June 3 that it won a contract from Singapore’s Energy Market Authority (EMA) for a US$45 million (49.82 billion won) underground cable...
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6 Million Galaxy S6, S6 Edges Sold One Month after Launch
Samsung's GalaxyThe early sales volume of the Galaxy S6 and S6 Edge was not low, but it did not reach the level of the iPhone 6 and 6+.According to Hong Kong-based market research firm Counterpoint...
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Sulwhasoo Holds Yoonjo Essence Launching Event in Taiwan
Overseas MakeupSulhwasoo, a high-end line from Amore Pacific, announced on June 3 that it held a launch event on June 2 to celebrate the release of the fourth generation of “Yoonjo Essence” in Taipei,...
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Orion’s Top Snacks Going Up Once Again in Overseas Markets
Winning Hearts and TonguesOrion announced on June 3 that its snack brands, which have been popular for a long time in the domestic market including Goraebap, Chocosongi, and Oh! Gamja, are also...
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Paris Baguette Opens Store on 57th Street Manhattan
New York RecognitionThe SPC Group (Chairman Hur Young-in) announced on June 3 that it opened its store on 57th street in Columbus Circle in New York.This is the 7th store in Manhattan. The café type...
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Hanmi Pharmaceutical to Present New Diabetes Drugs Including Quantum Project
Active Clinical StudiesHanmi Pharmaceutical (CEO Lee Kwan-soon) will present its 11 studies on 4 new drugs and its Quantum Project at the American Diabetes Association's (ADA) 75th Scientific Sessions,...
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Era of Customized Manufacturing Looming Closer
ConvergenceA local research institute is working on a project to develop a production system aimed at bringing the era of custom-made products closer through the convergence of the ICT and...
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Expansion of Wireless Charging Ecosystem Led by Samsung to be Accelerated
Power OverwhelmingThe Alliance for Wireless Power (A4WP), a wireless power standards body led by Samsung Electronics, Samsung Electro-Mechanics, and Intel, announced an official merger with the Power...
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Japanese Shipbuilding Industry Showing Signs of Revival
Rearing HeadJapanese shipbuilders are raising their share in the LNG carrier market where Korean and Japanese shipbuilders recorded a market share of 55 percent and 26.8 percent two years ago,...
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Backbone of the Internet of Things Coming to Korea
Infrastructure Expansion“Yes, absolutely we're eyeing Korea,” says Daryl Dunbar, managing director of Asia Pacific for Digital Realty, in the conference room of the company's oldest and largest Asia...
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Samsung Declares 'No Plan for Merger between Samsung Electronics and Samsung...
Slowdown of Succession ProcessSamsung Electronics is denying the rumors about the company’s likely merger with Samsung SDS. Accordingly, many suspect that the company will attempt to slow down the...
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Nexen Tire Becomes Official Sponsor of MercedesCup
Tennis TournamentNexen Tire (CEO Lee Hyun-bong) announced that it has become an official sponsor of the “MercedesCup”, a part of the ATP World Tour 250 series, to strengthen its brand awareness in...
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North Gyeongsang Province Governor Meets Senegalese President Macky Sall
Sharing SaemaulOn June 4, North Gyeongsang Province Governor Kim Kwan-yong met Senegalese President Macky Sall at Lotte Hotel Seoul to exchange opinions and seek ways for cooperation in community...
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Samsung Heavy Industries Obtains Shuttle Tanker Contracts
American ShipperSamsung Heavy Industries announced on June 4 that it signed shipbuilding contracts for three shuttle tankers with an American shipper in Oslo, Norway, the venue of this year’s...
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LG Electronics Conducting Global Environment Protection Campaign
Eco-friendlyCelebrating World Environment Day on June 5 chosen by the U.N., LG Electronics is conducting an environment protection campaign all over the world.LG Electronics will hold Global Volunteer...
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