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BBB Korea Promotes Campaign 'Creating Incheon Airport Without Language Barriers'

Interpretation NGOThe Korean non-governmental organization (NGO) BBB Korea (Chairman Yoo Jang-hee, www.bbbkorea.org), the worldā€™s first NGO that provides actual services and programs about language and...

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Lotte Displays Huge South Korean Flag on Lotte World Tower

Highest-flying FlagMarking South Korea's 70th anniversary of Liberation Day this year, Lotte Corporation announced on Aug. 6 that it has completed installing a large Korean flag on the 70th floor of...

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KISTEP Holds Signboard-Hanging Ceremony

New StartOn Aug. 5, Korea Institute of S&T Evaluation and Planning (KISTEP; President Park Young-ah) held a ceremony at the 9th floor of the KISTEP building in Yangjae-dong, southern Seoul, to hang...

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South Korean Government to Reform Chaebol Management Structure After Lotte...

Economic JusticeThe government and the ruling party have decided to reform the ownership structure of the country's family-run conglomerates amid a public backlash over the escalating power struggle in...

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Korean Manufacturers Cut Prices in China to Win Market Share

Strategic MoveSamsung Electronics and Hyundai Motor, Koreaā€™s two major companies, have cut down their main products prices in China, the worldā€™s largest market. This is to deal with low-priced Chinese...

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Delights Package from Seoul's Ritz-Carlton

Balcony PartyThe Ritz-Carlton in Seoul presents the Balcony Delights package, a chance to enjoy your own private party on an exclusive Ritz-Carlton outdoor balcony.The package combines one night in a...

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Healing Retreat in the Center of the City

Grand Hilton EventThe Grand Hilton Seoul is presenting an ā€œAll About Healingā€ Package this summer from Aug. 1 to Sept. 6, 2015. Guests can relax in the Grand Hilton Seoulā€™s stylish guest rooms, where...

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Is Elliott pulling out of Korean Market?

About FaceU.S. hedge fund Elliott Management has sold its shares in Samsung C&T, the South Korean construction company, after Elliott failed to stop an US$8 billion merger with another Samsung...

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Daum Kakao Announces Unprecedented Appointment of New CEO

Young BloodDaum Kakao's appointment of 35-year-old Rim Ji-hoon as the company's new CEO on Aug. 10 shows a willingness to restructure the company in line with the mobile era. The company stated that it...

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New Nuclear Power Plant to be Built in Korea in 2026

APR+The Korea Hydro & Nuclear Power Corporation announced on Aug. 10 that APR+ atomic power stations will be built in Yeongdeok County, North Gyeongsang Province in 2026 and 2027. The new power...

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In Search of Another Economic Miracle

South KoreaKorea celebrates the 70th anniversary of national liberation on Aug. 15. People are asking for a bigger role in enterprises to create another miracle on the Han River.According to Statistics...

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Samsung Electronics Excelling in NAND Flash Production

NAND BestAccording to market research firm IHS, 75 percent of the memory that Samsung Electronics producesĀ in the third quarter of this year is expected to be 10 nm-class NAND flash memory, and another...

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Korean Telecoms Operators Launch NFC Payment Services in China

Near Field PaymentsKorean mobile carriers are launching NFC-based mobile credit card services in China. The target customers are expected to expand from Korean tourists in China to the Chinese in...

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YouTube Challenged by Local Online Video Service Providers in Korea

Online PosturingNaver and Daum Kakao are actively seeking to take back the local Internet service market of online video services, taxi services, and SNS from foreign companies. In particular, they...

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Samsung Was Unable to Nap Top Spot in Smartphones Ranking in Certain Markets

Disputed KingSamsung Electronics reportedly became the largest smartphone vendor in most parts of the world in the second quarter of this year, aside from North America.According to market research...

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Largest Korea Musical Performance to be Held in France in Sept.

Korea-France Bilateral ExchangeA celebration of 130 years of diplomatic relations between Korea and France launches next year. A host of cultural programs will be held in both Korea and France for a...

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E-Land Group, Parkson Group Target Chinese Retail Market Together

Joint VentureSouth Korean retail giant E-Land Group announced on Aug. 10 that it has established a joint venture with Parkson Retail Group, the leading retail group in Chinese-speaking countries, to...

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SK Telecom Wins 3 Prizes in 2015 Red Dot Design Awards

NewsSK Telecom (CEO Jang Dong-hyun) announced that it has received three awards from the 2015 Red Dot Award held in Germany on Aug. 10.The nation's larggest mobile carrier said that Boxchool,...

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Korean Franchises Abroad Choose Diverse Structures

Business ArrangementsOver the past half decade, the number of franchises launched by Korean companies abroad has increased significantly. At the end of 2014, there were a total of 138 registered...

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Samsung Begins Mass-producing 256 GB 3D V-NAND Chips

Flashier 3D MemorySamsung Electronics announced today that it has begun mass producing 256 Gb 3D V-NAND flash memory chipsĀ for use in solid state drives (SSDs). These new chips have 48 layers of 3-bit...

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