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Tech Developed for Faster, More Convenient Genetic Data Analysis
Know DNA TodayA Korean research team has successfully developed a technology to diagnose genes using genetic data. The technique is expected to be widely utilized in the diagnosis of new kinds of virus...
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Samsung, LG Increasingly Concerned about Next Smartphone Specs
Anticipated Sales DecreaseSamsung Electronics and LG Electronics have ambitiously released their strategic smartphone models, the Galaxy S6 and the G4, in the second quarter of this year, and now both...
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AIIB Launches for Great Infrastructure Business Opportunities
Asian Infrastructure Investment BankThe establishment of the Asian Infrastructure Investment Bank (AIIB) is expected to be a boon for inter-Korean economic cooperation, the recovery of the global...
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Korea 6th in Decade Growth Rate Rank among OECD Countries
Long ViewThe economic growth of South Korea for the past 10 years has not been so bad, compared to those of other OECD countries. Korea’s economy grew at an average of 3.7 percent annually from 2005 to...
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‘Korea’s Competitiveness in Communication, Information Device Sector...
KERI ReportStudies show that Korea’s competitiveness in the communication and information device sector, such as cellphones and laptop PCs, has overtaken by China in the Japanese market, and the...
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'Youth Unemployment Rate Could Reach 10% in Two Years'
Future in DoubtThe Korea Chamber of Commerce & Industry (KCCI) said on June 29 that the youth unemployment rate in Korea would rise from 9.5 percent to 9.7 percent and then to 10.2 percent between...
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'Employment Rate of 70% is Unlikely to be Attained in Korea'
Employment NumbersThe Bank of Korea said on June 29 that the Korean government’s pledge for an employment rate of 70 percent would be likely to be a tall order even in the event of a successful labor...
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Numerous Technical Regulations Should be Reformed to Nurture New Industry
Cut Red TapeIn the smart car market, in where not only existing automakers but also ICT companies including Google and Apple get in on the race to survive beyond the borders and industrial areas,...
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Bosch Achieved Record-high Sales in Korea Last Year
Auto PartsBosch, one of the world's largest auto parts makers, achieved a record-high sales in Korea last year.At a press conference marking the company's 30th anniversary in Korea, Frank Schaefers,...
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Airbus D&S A330 MRTT Selected as Aerial Refueling Tanker for South Korea’s...
Upgrading DefenseThe Korean Air Force selected Airbus Defense and Space’s A330 Multi Role Tanker Transport (MRTT) as its first aerial refueling tanker.On June 30, the 89th Defense Acquisition Program...
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Shinwon Establishes Joint Venture with China’s Golden Eagle International Group
Menswear AllianceMarking the 42nd anniversary of the founding, Shinwon Corp. (Chairman Park Sung-chul) has begun making full-fledged efforts to tap into the Chinese market, which is considered its key...
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LG Household & Health Care Receives First-class Shared Growth Index Rating
Improving PartnersAccording to data about “2014 Shared Growth Index Evaluation” published by the Commission on Shared Growth on June 30, LG Household & Health Care received the top rating.The...
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Hyundai Steel Makes Fresh Start as US$31 Trillion Won Steel Company
Steel MergerHyundai Steel, which has merged with Hyundai Hysco, starts with a clean slate on July 1.The company said on June 30, “We have pushed ahead with the merger with Hyundai Hysco from May and...
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Samsung Heavy Industires Signs 1.2 Trillion Won Deal for Offshore Platforms
Norwegian WatersSamsung Heavy Industries (SHI) unveiled on June 30 that it has signed a 1.17 trillion won (US$1.04 billion) deal to build two offshore platforms from Norway-based Statoil ASA.Under the...
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Image of Galaxy Folder Revealed
Phone LeakAn image of the Galaxy Folder, a folding smartphone that Samsung Electronics is expected to release, was leaked.An article titled, "The leakage of the Samsung Galaxy Folder" with an image of...
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Industrial Output Falls for 3 Consecutive Months; Business Sentiment Hits...
Manufacturing CrisisThe nation’s industrial output in May dropped 0.6 percent from the previous month, leading the industrial output to falling for the three consecutive months. It resulted mainly from...
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South Korea Lags Far behind China, Japan in Large Cross Border M&As
International DealsStudies show that South Korea falls behind China and Japan in terms of large cross border mergers and acquisitions (M&As).Hyundai Research Institute Senior Research Fellow Chung...
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South Korea to Reduce Greenhouse Gas Emissions 37% by 2030
Purchasing Carbon CreditsThe government has finalized its 2030 target of reducing greenhouse gas emissions by 37 percent compared with Business As Usual (BAU). During a Cabinet meeting held on June 30,...
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Samsung Group Cuts 4 Cross-shareholding Loops through Corporate Governance...
Loops No MoreStudies have shown that the Samsung Group, which is accelerates its third-generation succession process, has dismantled four cross-shareholding loops by restructuring its corporate...
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Topic-based Social Network Services Emerging
Further Social ChangeMajor Internet business operators are strengthening the mobile search function of their websites. What is noticeable is that in addition to existing portal sites, dominant players...
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