Clik here to view.
Refining, Petrochemical Profitability Looking Up
Ethylene and NaphthaIt is expected that major Korean oil companies’ profitability for the second quarter of this year to be improved a lot from a year ago, based on a significant increase in refining...
View ArticleClik here to view.
Seoul City to Add 10 More Subway Lines
Web SpinningSeoul City plans to add a total of 10 more subway lines (approximately 90 Km) by 2025; 9 more light rail transit (LRT) lines and one extension to an existing subway line. The controversial...
View ArticleClik here to view.
Expectations Dropping about Samsung Electronics’ Performance in Q2
Preparing for LetdownA security firm has estimated that the operating profit of Samsung Electronics in the second quarter would drop down to the 6 trillion won (US$5.3 billion) level, and the market’s...
View ArticleClik here to view.
Online Shopping Becomes Biggest Contributor to Growth of Courier Services
Have It DeliveredOnline shopping, which has been growing due to mobile shopping and direct purchases from overseas, has proven an important factor to contribute to the growth of the local courier...
View ArticleClik here to view.
40% of South Korean 20-somethings Have Had Cosmetic Surgery
Appearance is EverythingFour out of 10 South Korean 20-somethings have had cosmetic surgery or treatments, a study of the UnivTomorrow Research Laboratory for the Twenties (UTRLT) showed.A total of 459...
View ArticleClik here to view.
700 MHz Allocated to 5 Terrestrial Television Channels
Divvying Up AirThe Ministry of Science, ICT and Future Planning (MSIP) announced that it will distribute the 700 MHz frequency band to five terrestrial television channels, including EBS. The...
View ArticleClik here to view.
Korean Builders Expected to Monopolize New Refinery Project in Kuwait
Growing Middle EastDaelim Industrial and Daewoo Engineering & Construction announced on July 6 that they are participating in the tender for New Refinery Project (NRP) Package No. 4 in Al Zour,...
View ArticleClik here to view.
Korean Companies Managing to Reach Wage Settlements with Minimum of Fuss
Real WagesThe Ministry of Employment & Labor announced on July 6 that 4,615 out of 10,571 companies, each with 100 or more employees, have finished their wage negotiations for this year as of the...
View ArticleClik here to view.
Korea Maintains Top Position in 8 Products, Services
Precarious LeadEight Korean items occupied the top spot last year in the global markets for 50 major products and services. Even though the number of export items occupying a top ranking position in...
View ArticleClik here to view.
Hyundai Elevator Making Automated Warehouse for Hankook Tire in US
Employee-free WarehousingHyundai Elevator has concluded a contract to supply a semi-automated product warehouse and logistics automation system to Hankook Tire’s new factory in Clarksville, Tennessee...
View ArticleClik here to view.
Korea Tops the 'Open Government Data' Index
International RecognitionKorea tops the list in the Open Government Data (OGD) index among the 30 Organization for Economic Cooperation and Development (OECD) countries.Korea got a score of 0.98 in the...
View ArticleClik here to view.
Samsung C&T Wins Another Battle against Elliot
Round TwoOn July 7, the Seoul Central District Court turned down the request of Elliott Associates to stop a friendly shareholder of Samsung C&T from voting on a proposed merger with another...
View ArticleClik here to view.
Samsung Electronics's Operating Profits Fell 4 Percent in Q2 Year-on-year
Less ProfitSamsung Electronics estimated on July 7 that its operating profits in the second quarter dropped around 4 percent from a year ago, mainly due to the weak sales of its latest newest...
View ArticleClik here to view.
Hyundai Heavy Industries, GE Develop Next-gen LNG Carrier with Gas Turbine...
Environmentally-friendly Gas CarrierHyundai Heavy Industries, in association with U.S.-based General Electric's (GE) Aviation Marine business unit, has succeeded in developing an...
View ArticleClik here to view.
Chungcheongbuk-do Completes Basic Plans for 2nd Cosmetics and Beauty Industry...
100 Days of Beauty AheadThe preparations for the 2nd Cosmetics and Beauty Industry Expo, which is hosted by Choncheongbul-do, or North Chungcheong Province, in order to beat the results of the 2013...
View ArticleClik here to view.
Chinese Banks, Payment Gateways Vying for Chinese Tourists in Korea
Money OutflowThe China Construction Bank is focusing on the sale of its platinum credit card that provides a 5 to 15 percent discount at the Lotte Duty Free Shops in Korea. At the same time, the bank...
View ArticleClik here to view.
Crowd-funding Act Passed by the National Assembly
Its Raining FundingThe amendment of the Capital Market and Financial Investment Business Act, known as the Crowd-funding Act, was passed by a plenary session of the National assembly on July 6, along...
View ArticleClik here to view.
Samsung Group Busy Restructuring Its Business Portfolio
Selling Hard DrivesAccording to industry sources, Samsung Electro-Mechanics is trying to sell its hard disk drive (HDD) motor business unit. The company announced on June 26 that it would shut down the...
View ArticleClik here to view.
Korea Ranks 4th in Smartphone Penetration Rate
Hand-held ComputersKorea’s smartphone penetration rate has been ranked fourth in the world.Citing data from TNS Infratest and Google, KT’s research arm Digieco unveiled on July 8 that Korea’s...
View ArticleClik here to view.
LG Display Becomes #2 Panel Supplier for Apple in Q1
Sharper than SharpLG Display beat Sharp and emerged as the No. 2 supplier of display panels to Apple in the first quarter.According to DisplaySearch on July 8, the shipments of panels made by the...
View Article