Clik here to view.
Profitability of Korea's Top 30 Business Groups Tumbled in 2014
DownturnAccording to the numbers, South Korea's 30 largest business groups saw their profitability plunge to the lowest level since the global financial crisis in 2008.According to data by Chaebul.com,...
View ArticleClik here to view.
Smart Consumer Electronics Market Growing Rapidly
Home IQ IncreasingThe smart consumer electronics market is projected to grow rapidly from this year, and to enjoy an average of 134 percent growth each year for the next 5 years.Market research firm...
View ArticleClik here to view.
Venture Firms Increasingly Attract Investment
Riding HighThe Korean startup industry reportedly attracted more than 10 billion won (US$8.6 million) of investment per month during the first quarter of this year, centered on the fields of Online to...
View ArticleClik here to view.
Number of Software Companies with Over 500 Billion Won in Sales Decreased in...
More Bad NewsLast year, only 15 companies turned over 500 billion won (US$431 million) in the software market, as opposed to 19 firms in 2013.The Korea Software Industry Association (KOSA) announced...
View ArticleClik here to view.
Korean Government to Permit Casino Cruise Ships
High Rollin'Korean cruise casino operations for foreign passengers will be possible as early as next year.The Ministry of Oceans and Fisheries unveiled on July 28 that an ordinance to permit cruise...
View ArticleClik here to view.
Workplace Innovation Was the Secret
Management RewardedThe Ministry of Strategy and Finance gave Korea Asset Management Corporation (KAMCO) an A grade for its excellent management in 2014. At the end of 2013, net profits were posted as...
View ArticleClik here to view.
Korean Companies Risk Cooperation Even with Enemies for Fintech
Payment WarBusinesses are unveiling their own electronic payment platforms one after another in this fintech boom. In this climate, more and more companies are even choosing cooperation with...
View ArticleClik here to view.
After Incurring Heavy Losses, Korail's Profits Soar Under New Leadership
Phoenix LineKorea Railroad Corporation (Korail), the nation-wide railroad operator, is a state-owned corporation (SOC). Up until 2013, Korail had suffered a bad reputation for its chronic deficits and...
View ArticleClik here to view.
LG Electronics’ Profits Tumbled by Half in Q2 due to Slow Sales of Phones, TVs
Turning SouthLG Electronics said on July 29 that it posted 13.92 trillion won (US$11.94 billion) of sales and 244.1 billion won (US$209.4 million) of operating income in the second quarter of this...
View ArticleClik here to view.
Korea Post Signs MOU with GeoPost in France to Develop E-commerce Products
International PostageKorea Post signed a Memorandum of Understanding (MOU) with France’s postal service GeoPost to release a new product targeting the global e-commerce market. The e-commerce product...
View ArticleClik here to view.
DSME Forecasts Sales Normalization in Q3
Still Positive OutlookDaewoo Shipbuilding & Marine Engineering (DSME) publicly announced the expected result for the first half of this year.On July 29, the DSME said that it expects to post 6.14...
View ArticleClik here to view.
South Korea’s National Pension Fund Returns 5.25% in 2014
Good ReturnsAs of the end of last year, South Korea’s cumulative national pension fund amounted to 469.82 trillion won (US$404.85 billion), according to the latest annual report.The fund returned 5.25%...
View ArticleClik here to view.
Samsung to Mass-produce 1.0 µm Pixel Mobile Image Censors
Microscopic SensingOn July 29, Samsung announced that it will mass-produce 1.0 µm 16-megapixel CMOS image sensors.After mass-producing application processors using the production process of 14-nm...
View ArticleClik here to view.
HU-CHEMS Invests 1 Trillion Won in Malaysia to Produce Ammonia
Ammonia ManufacturerHU-CHEMS, a fine chemical manufacturer in Korea, has started to build a chemical plant worth 1 trillion won (US$856 million) in Malaysia, becoming the only ammonia producer in the...
View ArticleClik here to view.
US Steel Industry Files Complaint against Korea for Cold Rolled Steel
Steel ProblemsThe U.S. steel industry a lodged complaint against South Korea for dumping and providing illegal subsidies for cold rolled steel. Korean government and the local steel industry...
View ArticleClik here to view.
Export Unit Price of Korean Autos Lowered for 3rd Consecutive Quarter
Giving It AwayThe average unit price of Korean auto exports decreased for the third straight quarter, contributing to the worsening performance of the car industry.According to industry sources and the...
View ArticleClik here to view.
Incheon Free Economic Zone Gets Best FEZ Performance Evaluation
Number OneThe Incheon Free Economic Zone (IFEZ) has topped the national free economic zones (FEZ) in an evaluation overseen by the Ministry of Industry for its performance during 2015.On the 24th, the...
View ArticleClik here to view.
Korea Energy Agency, New Name for 35-year-old Corporation
New BeginningsKorea Energy Management Corporation changed its company name to Korea Energy Agency on July 29th, making a new start. The corporation, established in 1980, has come to adopt this new name...
View ArticleClik here to view.
Lotte Korea Describes Founder as 'Having Difficulties in Movement, Judgment'
March of Time?A representative of South Korea's Lotte Group said on July 30, “Lotte Group Founder Shin Kyuk-ho is having difficulties in moving and making judgments due to his old age.”That statement...
View ArticleClik here to view.
Hybrid Car Sales to Hit All-time High This Year
Best of BothIndustry sources said that if sales continue at the current pace in the second half of the year, annual hybrid car sales will easily surpass the record hit in 2012 when 31,236 hybrid cars...
View Article