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Job Handover Guaranteed in Collective Bargaining Agreements of Multiple...
Job InheritanceLarge corporations’ special treatment for the wives, sons, and daughters of their employees has crossed the line in Korea, along with labor union intervention in management.According to...
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Gwangju Universiade Athletes Village Ready to Open
Hospitality BeginsGwangju Universiade Athletes Village opened its facilities prepared for the international multi-sport event to media on June 23, the Gwangju 2015 Universiade Organizing Committee...
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KAI to Develop Civilian, Military Helicopters Simultaneously
MultitaskingKorea Aerospace Industries (KAI) is set to develop civilian and military helicopters simultaneously, a unique strategy.The KAI unveiled in a press release on June 25 that it signed a...
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KEF Hosts Korea-Finland Startup Summer Program for Global Entrepreneurship
International OrientationThe Korea Entrepreneurship Foundation (KEF, Chairman Hwang Chul-joo) carried out domestic orientation for the Korea-Finland Startup Summer Program for Global Entrepreneurship...
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Renault-Nissan Alliance Sells 250,000th Electric Vehicle
Electric MilestoneRenault Samsung announced that the Renault-Nissan Alliance, the world’s leader in zero-emission mobility, has sold its 250,000th electric vehicle (EV).The Alliance reached the...
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Samsung Develops Tech to Double Lithium Battery Capacity
More EnergyThe research arm of Samsung Electronics announced on June 25 that it has developed a technology to make a silicon cathode material for coating high crystal graphene on a silicon surface to...
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Korean Research Team Develops One Atom Thick Semiconductor
0.25 Nanometers ThinA local research team has successfully developed a technique to make the thinnest semiconductor possible.The National Research Foundation announced on June 25 that Professor Ahn...
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Tech Developed to Make Cancer-Blocking Nanocomplex
Special DeliveryA local research team has successfully developed a technology for a nanocomplex that can safely deliver an immunity-boosting substance to immune cells. The research findings are...
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MERS Fatality Rate Rising among Korean Patients
Twenty-nine DeadThe Middle East respiratory syndrome coronavirus (MERS-CoV) has reached a fatality rate of 16.1 percent in Korea.The Ministry of Health & Welfare announced on June 25 that the...
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'Anti-conglomerate Sentiment Makes Korean Companies Vulnerable to Activist...
Samsung/Elliott Conflict PerspectiveProfessor Shin Jang-seup of the National University of Singapore pointed out that the conflict between Samsung C&T and Elliott Management is because of the...
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China to Abolish Loan-Deposit Ratio Limit
DeregulationThe Chinese government is planning to repeal its loan-deposit ratio regulation next month. At present, the loan limit is set at 75 percent of bank deposits. Despite the deregulation, the...
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Korean Textile Industry Losing Production Capabilities
Competitiveness EvaporatingThe number of Korean textile manufacturers and their employees decreased by no less than 3,509 and 110,293 from a decade ago, respectively.The weakening of the foundation of...
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Korean Government to Add 8 GHz Band Services for IoT, 5G Network
K-ICT Free BandThe Korean government has decided to provide an additional 8 gigahertz (GHz) multipurpose spectrum to encourage new information and communications technology (ICT) buinesses, which is...
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Korea to Offer US$41 Million of Soft Loans for Vietnamese Waterworks Project
Waterworks WorkingThe Korean government will provide US$41 million worth of loans through the Economic Development Cooperation Fund (EDCF) for Vietnam to expand its waterworks infrastructure.The fund...
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Korea to Try Economic Stimulus by Injecting 15 Trillion Won
Free MoneyThe government will iron out a special measure to boost an economy hit by the Middle East Respiratory Syndrome (MERS) outbreak.The Ministry of Planning and Finance said on June 25 it will...
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Samsung to List Affiliate BioEpis on NASDAQ in H1 Next Year
Biosimilar AffiliateSamsung is preparing to list its bio affiliate Samsung BioEpis on the U.S. NASDAQ as early as the first half of next year.According to industry sources on June 29, Samsung BioEpis...
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LG U+ Launches New LTE Video Portal and Smart Home System
Integrated Video StreamingDuring a press conference at the LG U+ headquarters in Yongsan, central Seoul, on June 29, LG U+ Vice Chairman Lee Sang-chul has unveiled an integrated video streaming service...
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SKT, Nokia Jointly Open R&D Center for 5G Tech
Joint Research, DevelopmentSK Telecom and Nokia jointly opened a research center in the Seoul office of Nokia located in Gangnam, southern Seoul, on June 29.The two companies will accelerate joint...
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LCD Panel Inventory Increasing, Owing to Oversupply
Too Many DisplaysAccording to market research firm DisplaySearch on June 29, June is witnessing a continuing downward trend in LDC panel prices. With the average sale price of TV panels staying at...
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Small Korean Game Developers Becoming Subcontractors to Chinese Firms
Situation ReversedAccording to industry sources on June 29, small and medium-sized Korean gaming companies are under attack from a large number of foreign mobile game developers. They are also...
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