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Samsung Display Debuts First 55-inch Transparent OLED Panel
TransparencySamsung Display showcased the industry's first transparent OLED display. This product, which boasts the highest-level of penetration, reflexibility, and color reproduction is expected to...
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GM Korea to Import Chevrolet Impala
Signal of Restructuring?According to industry sources on June 10, GM Korea decided to discontinue its slow-selling Alpheon, and to release the Chevrolet Impala, which customers have been waiting for in...
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Doosan Infracore CEO Visits Partner Companies to Discuss Shared Growth
Reaching OutDoosan Infracore’s attempt to grow together with its partner companies is now the talk of the town.The company announced on June 10 that Doosan Infracore CEO Son Dong-yeon visited Woojin,...
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HHI Issues US$200 Million EB to Secure Liquidity
More BondsHyundai Heavy Industries (HHI) has decided to secure liquidity. During the board meeting on June 10, the company decided to issue a total of US$220 million (244.2 billion won) of exchangeable...
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Kolon Airbag to be Used in Ford Vehicles
Global CushionsKolon has developed a new airbag that will be used in vehicles of global automaker Ford. After the settlement with DuPont surrounding Aramid fibers, which have been in litigation for the...
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SeAH Special Steel to Establish Subsidiary in Thailand in November
Looking ForwardDuring the “Steel Day” event which was held in the POSCO Center in Daechi-dong on June 9, SeAH Special Steel CEO Yoo Eul-Bong said, “The stock market and the industry excessively worry...
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KIMM Develops Electronic Printing Tech for Flexible Displays
Micrometer PrinterThe Korea Institute of Machinery & Materials (KIMM) successfully developed a new technology that can print electronic circuits for flexible displays at the 1µm level. Lim...
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Samsung C&T Turns Tables on Elliott Management
New TwistThe tug of war between Samsung C&T and U.S.-based hedge fund Elliott Management is escalating, surrounding the issue of a merger between Samsung C&T and Cheil Industries.On June 9,...
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Sumitomo Chemical to Build Separation Membrane Manufacturing Plant in Korea
Battery GoodsSumitomo Chemical, a Japanese petrochemical company, is planning to make an investment in order to build separation membrane production facilities in Korea.A separation membrane is a key...
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Number of Chinese Trademark Applications in Korea Rising
Staking ClaimsThe number of trademark applications in Korea by Chinese companies is rising ahead of the implementation of the Korea-China FTA. According to the Korean Intellectual Property Office...
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Japanese Mid-size Sedans Regaining Popularity in Korean Market
Camry PowerThe Korea Automobile Importers & Distributors Association announced on June 9 that Toyota sold 1,074 Camrys in Korea between January and May this year to record a 52.9 percent increase...
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International Bank Accounts Must be Reported to National Tax Service
Cracking DownThe National Tax Service announced on June 9 that any resident or local corporation in Korea that has an overseas banking account balance of more than 1 billion won (US$898,000) as of last...
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Korean Exporters Expected to Recover Competitiveness
Won-dollar ChangeA strong dollar that originated from Japan when Bank of Japan governor Haruhiko Kuroda mentioned a negative opinion about the continuation of the weak yen dragged down the won-dollar...
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Taxpayer Financial Information Exchange between Korea, US
New InfoKorea and the United States agreed on the regular collection of financial information as to taxpayers with the respective nationalities owned by each other’s financial institutions.The Ministry...
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HHI Develops World’s First Moving Cabin Called SkyBench
Mobile CabinHyundai Heavy Industries announced on June 11 that it has received approval in principle (AIP) for SkyBench from Norway’s Det Norske Veritas Germanischer Lloyd (DNV GL), the largest ship...
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Hyundai Rotem Bids on Turkey’s Largest High-speed Train Project
Public BiddingHyundai Rotem, a train maker under the Hyundai Motor Group, is making its bid for victory by bidding on Turkey’s largest ever high-speed train project. According to industry sources on...
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Hyundai Motor Group Establishing Infrastructure for Hydrogen Powered Cars
Future CarsHyundai Motor Group will begin to construct infrastructure for hydrogen fuel cell vehicles in the city of Seoul.In a signing ceremony attended by Gwangju Metropolitan Mayor Yoon Jang-hyun,...
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Wharton School Professors Visit SK Group's Startup Incubator in Daejeon
Seeking InsightProfessors from an elite business school of the U.S. visited the Daejeon Center for Creative Economy & Innovation to study the Korean government's “creative economy model.”According...
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SK Telecom Wins Two Small Cell Industry Awards in 4 Consecutive Years
Awards WonSK Telecom Senior Manager Kim Chang-young (left) receives an award in “Excellence in commercial deployment (Urban)” category from Rethink Technology Research Director Caroline Gabriel at the...
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US Beef May Rank Top in Imports 8 Years after Strong Import Opposition
Comeback KidU.S. beef, which barely avoided being banned due to a controversy over mad cow disease in 2008, is about to take the top import spot from Australia eight years later.According to data from...
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