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Tizen Z3 to Roll Out in Middle East Next Year
Next Market to ConquerA large-scale developer summit related to the Tizen Operating System (OS) led by Samsung Electronics has started. Tizen OS is receiving a lot of attention as to whether or not it...
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Samsung to Mass Produce 3rd-gen 3D V-NAND in Q3
3rd GenerationSamsung Electronics is going to release a large number of new semiconductors in the latter half of this year to accelerate efforts to improve profitability. The company is expected to...
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Korean Builders Win US$12.8 Billion in Al Zour NPR Project Packages
Kuwait ConstructionKorean construction firms are expected to win four out of five packages of the New Refinery Project (NRP) in Al Zour, Kuwait, which is the largest overseas construction project this...
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Samsung Electronics Posts 6.9 Trillion Won Operating Profit in Q2
Electronic ProfitSamsung Electronics announced on July 30 that it has recorded 48.54 trillion won (US$41.47 billion) in sales and 6.9 trillion won (US$5.9 billion) in operating profits in the second...
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GS, Hanwha, Lotte Have Highest P/E Ratios among Top 10 Business Groups
Doing Good BusinessAs export stocks have been continuously dull compared with domestic stocks due to unstable economic situations abroad, the price earnings (P/E) ratios of the nation’s top 10 groups...
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Number of New Companies Increased 23% in June
Highest Monthly Figure The number of newly established companies reached a record high in June, based on monthly figures.According to a report about the trend of newly-founded corporations published by...
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BJFEZ Authority Actively Starts Attracting Foreign Investment
Money to BusanAfter taking office on March 12, Busan-Jinhae Free Economic Zone Authority (BJFEZ Authority) Commissioner Heo Seong-gon is taking the lead in attracting foreign investment to meet the...
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To VC or Not to VC?
The Question for EntrepreneursFor many entrepreneurs seeking to develop and grow the next disruptive technology, accessing venture capital (VC) is a very alluring and seemingly inevitable step on the...
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Foreign Investors Rushing Out of Korean Stock Exchange
Fire SaleThe ratio of Korean stocks owned by foreign investors has hit a six-year low as mainly European inestors are continuing to sell their stocks to take profits from the Korean market.According to...
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Samsung Likely to Slash Price of Galaxy S6, S6 Edge Worldwide
More Affordable PremiumThe price of the Galaxy S6 and S6 Edge is likely to be lower around the world as early as Aug. Since the launch price of the Galaxy S6 Edge already went down in Korea, only the...
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Will Samsung's Smart Watch Gear A Drag Down Sale of Apple Watch?
Gear A ComebackThe global smart device industry is paying attention to whether or not Samsung Electronics' next smart watch will be unveiled along with the Galaxy Note 5 on Aug. 13.Samsung hasn't...
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Samsung's Round Smart Watch ‘Gear A’ Favored to Have Tizen OS
Tizen in the WildThe characteristics of Samsung Electronics' next smart watch are being slowly unveiled, even though its launch date is unknown. First, it is reportedly a round smart watch. During this...
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LG Unveils TV Thinner than a Smartphone
Ultra SlimAs LG Electronics has doubled its organic light-emitting diode (OLED) television line-up and released super slim TV models with thickness of 4.8 millimeters, it has ignited competition for...
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South Korean Exports Fall 3.3% to US$46.6 Billion in July
Down for 7 Straight MonthsThe Ministry of Trade, Industry and Energy (MOTIE) announced on Aug. 1 that overall exports came to US$46.61 billion (54.64 trillion won) last month, down 3.3 percent from the...
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Chinese Hackers Responsible for Unauthorized Use of Homeplus Gift Certificates
Gift TheftA recent investigation disclosed the fact that mobile gift certificates or cards are not safe from cyber attack. Unlike an earlier assumption that the unauthorized use of Homeplus gift cards,...
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Simple Payment Service Market Highly Likely to Become Overheated
Fintech FrictionSimple payment services are springing up like mushrooms. Although the market is in a nascent stage, numerous companies are scrambling to launch simple payment services. Therefore, some...
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Number of Financial Sector Employees Show Significant Decrease
Fewer and FewerThe ratio of employees in the financial industry to all employees hit an all-time low in the wake of the restructuring of the securities and life insurance sectors of last year and this...
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Small Firms Increasing Their Presence in Global Smart Device Market
Small and SmartAccording to market research firm IDC, the global smart phone shipments increased by 11.6 percent year-on-year to 337 million units in the second quarter of this year. The increment was...
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Hyundai E&C, SK E&C, Saipem Win US$1.5 Billion Project in Kuwait
Joint VentureA joint venture consisting of Hyundai Engineering & Construction, SK Engineering & Construction, and Italy’s Saipem won the fifth package of the Al Zour New Refinery Project (NRP),...
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CJ Adds 2 More 4DX Cinemas in New York
U.S. Market InvasionCJ 4DPlex, a subsidiary of CJ CGV, announced that it has expanded a strategic partnership with Regal Cinemas, the largest movie theater chain in the U.S., and will add two more 4DX...
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