Clik here to view.
R&D Status of Domestic Health, Medical Treatment Sector
Little MoneyThe Ministry of Health & Welfare’s R&D budget for this year regarding infectious diseases is no more than 30.8 billion won (US$27.5 million), less than 1 percent of that of the...
View ArticleClik here to view.
Investors Keeping Low Profile for Low Interest Rates
Floating MoneyThe amount of floating money is continuing to increase due to the low interest rate to add to the volatility of the domestic financial market.As of the end of April this year, the time...
View ArticleClik here to view.
Samsung Hospital, Health Authorities Contributed to Spreading MERS
Absurd Dereliction of DutyThe number of MERS patients in Korea has increased to 162 on June 17, half of them infected directly or indirectly via Samsung Medical Center (SMC). One of its patient...
View ArticleClik here to view.
Samsung One Step Closer to Vertical Integration of IoT
Vertical IoTSamsung Electronics is building a strategic cooperative network linking South Korea, the U.S., and Europe in order to enhance its competence in the Internet of Things (IoT) sector.Samsung...
View ArticleClik here to view.
KAMCO Gives Kazakhstan Policy Advice on NPL Disposal
Improving Asset QualityThe Korea Asset Management Corporation (KAMCO) held a policy advisory meeting on June 16 and 17 at the central bank of Kazakhstan. A part of the Knowledge Sharing Program led by...
View ArticleClik here to view.
KNF About to Add Another ISO Standard
International LeadershipKorean Nuclear Fuel (KNF) announced that the regression analysis-based uncertainty evaluation method it proposed in Feb. 2014 passed the committee draft (CD) stage in the...
View ArticleClik here to view.
Caffe Bene Starts Selling Ice Flake Desserts in Mongolia, Vietnam, Cambodia
Snow BingsuCaffe Bene, Korean-based coffee shop franchise pursuing a complex cultural space (CEO Kim Sun-kwon, www.caffebene.co.kr), is launching Snow Ice Flakes, or Snow Bingsu, a new special menu...
View ArticleClik here to view.
Hanwha Teams Up with Mecaer to Co-develop Landing Gear System
Global AviationOn June 16 (local time) at the Paris Air Show, Hanwha Corporation, the defense unit of Hanwha Group, signed a memorandum of understanding (MOU) with Mecaer Aviation Group of Italy, a...
View ArticleClik here to view.
Foreigners Spend More on Living Expenses in Seoul than Tokyo
Expensive LifeThe Financial Times announced on June 17 (local time) that Seoul ranked eighth this year on the list of the cities in which foreigners have to spend the most to live in, climbing six...
View ArticleClik here to view.
Foreign Exchange Transactions Act to be Overhauled
Relaxing ActThe Korean government is planning to revise the Foreign Exchange Transactions Act in the near future. It is expected according to the revised law that a lot of duties of prior notification...
View ArticleClik here to view.
Strategy of Software Exports Needs to Recenter on Clouds
Looking UpThe Korean government is encouraging software exports and providing support to the software industry so that the industry can secure its international competitiveness. However, software...
View ArticleClik here to view.
Korea to Commercialize First Compatible VoLTE Service in August
Voice Over LTEKorea will become the world's first country to commercialize a compatible Voice over LTE (VoLTE) service.The Ministry of Science, ICT and Future Planning (MSIP) announced on June 17 that...
View ArticleClik here to view.
Local Research Team Develops Textile Sensor for Gas Detection
Smart ClothesA Korean research team has opened a way to turn textiles into sensors.The Electronics and Telecommunications Research Institute (ETRI) announced on June 17 that it has successfully...
View ArticleClik here to view.
Unveiled, Inclusive Korean Culture Needed in Korean Multinationals
Syndicated KoreaKorean multinational corporations have reached a level of global prominence that positions them well as pacesetters for the future of business. Yet we find that often Korean companies...
View ArticleClik here to view.
2 Million Shares Oppose Hyundai Steel, Hyundai Hysco Merger
134.1 Billion Won AllianceBeing against the merger of Hyundai Steel and Hyundai Hysco, the number of shares which exercised the right to demand a purchase has reached 2 million.Hyundai Steel and...
View ArticleClik here to view.
Lotte Chemical to Invest 2.9 Trillion Won in Overseas Chemical Plant Projects
New PlantsLotte Chemical Corp. plans to set up a shale gas-based ethane cracker plant in the U.S. It is a large overseas chemical plant business with investment approaching 3 trillion won (US$2.72...
View ArticleClik here to view.
Samsung Teams Up with US Broadcasters to Lead UHD TV Standards
Market LeaderSamsung Electronics announced on June 17 (local time) that it has teamed up with Pearl TV, a partnership of nine leading TV broadcast companies, and Sinclair Broadcast Group to collaborate...
View ArticleClik here to view.
SK Telecom to Develop 5G Humanoid Robots with Local Venture
RoboBuilderSK Telecom said on June 18 it has inked a memorandum of understanding (MOU) with Korean venture RoboBuilder to cooperate in the research and development of robots using 5G communications...
View ArticleClik here to view.
Korean Economy Stricken by MERS
Respiratory DistressThe Middle East respiratory syndrome coronavirus (MERS-CoV) in Korea, which appeared a month ago, is continuing to affect the national economy and Korean companies’ performance...
View ArticleClik here to view.
Internet-primary Banks About to Appear in Korea
Internet MoniesOn June 18, the Korean government announced its plan for the revitalization of the fintech industry, including the introduction of Internet-primary banks.According to the plan, an...
View Article