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Hyundai Motor’s Personalized Models See Good Results in Emerging Markets
Emerging HyundaiHyundai Motor’s local strategic car models, which the company have been working on for a long time, are seeing good results in emerging countries.According to industry sources on Aug....
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Global Enterprises, Investors Eye Korean Start-ups
Increasing SpotlightGlobal ICT companies are accelerating their moves to provide support to Korean start-ups. They cultivate start-ups based on their core technologies, and help them enter overseas...
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Doosan HI&C Enters Spent Nuclear Fuel Container Business
Nuclear Waste DisposalDoosan Heavy Industries & Construction is entering the “spent nuclear fuel” container business. Until now, there has been no domestic firm with the design technology.Doosan...
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Traditional Korean Brewery Goes Global
Kooksoondang AbroadIn March 2014, Kooksoondang, a company producing traditional Korean alcoholic beverages, opened a pub in Paris, the cultural center of Europe. The pub specializes in serving...
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Smilegate Considers Investing in Pantech
Potential SaviorThe Optis-Solid consortium is on the verge of taking over Pantech, and now there is a positive signal that Pantech can secure even a financial investor.According to industry sources on...
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POSCO Adopts New Wage System
Salary FreezeStarting next year, local private and public companies with more than 300 employees will be required to extend the retirement age to 60. Accordingly, they are currently scrambling to adopt...
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FKTU Decides to Resume Labor Talks after 4 Months
Resuming TalksUnions have declared the resumption of talks with companies and the government four months after the talks came to a halt on April 8.The Federation of Korean Trade Unions (FKTU) held a...
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KMAC Selected ‘Best Company To Work At’
AccoladesAfter surveying over 6,600 industry workers and 300 Human Resource specialists, Korean Management Association Consulting (KMAC) released an annual report called “2015 Korea Great Work Place...
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Microalgae Biofuels Market Rapidly Grows Due to High Productivity, CO2...
Bacterial FuelAlgae, which causes a lot of damage to the marine ecosystem by creating water blooms and red tides, is now turning into the next-generation raw material of eco-friendly biofuels,...
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Korea Less Competitive Than to 10 Years Ago
Middle AgeThe decrease in global competitiveness of South Korea’s major industries that have sustained the nation’s economy, including the electronics, automobile, construction, and chemical...
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Large Businesses, Venture Firms Compete in O2O Market to Increase Affiliated...
Online to OfflineOnline to Offline (O2O) services are getting popular, since various kinds of information about offline stores like coffee shops, cosmetics stores, restaurants, and convenience stores...
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Semiconductor Foundries Switching to Mass-customization Strategy
PivotAmid the slowdown in global memory semiconductor market growth, major semiconductor companies are strengthening their foundry businesses. In particular, Samsung Electronics and Taiwan...
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NST Selects 10 Projects for Convergence Clusters
Future DirectionConvergence clusters, where researchers voluntarily gather to find subjects for convergence research, will be expanded in Korea. On Aug. 26, the National Research Council of Science...
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Korea's Intellectual Property Right Trade Deficit Surges to Record High in Q1...
Brain DrainKorea's trade deficit in intellectual property rights towards the U.S., including patent licensing fees, amounted to 2.86 trillion won (US$2.42 billion) in the first quarter of this year,...
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KKPC to Recycle Waste Materials from Construction Materials for Energy...
Total RecyclingKumho Petrochemical Co., Ltd. (KKPC) is aiming to make zero waste products.The KKPC announced on Aug. 27 that it will carry out a national research project to establish construction...
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LG to Unveil Four Layer Foldable Bluetooth Keyboard
Rolly KeyboardOn Aug. 27, LG Electronics announced that it will reveal the Rolly Keyboard, the world's first Bluetooth keyboard that can be folded in four layers, at IFA 2015, which will start in...
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Korean Government, BOK to Stabilize Corporate Bond Market Worth 1 Trillion Won
Gov't StablizationThe South Korean government and the Bank of Korea (BOK) will operate a program to stabilize the corporate bond market worth 1 trillion won (US$847.46 million) in the second half of...
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Samsung Narrows Gap with Intel in Global Semiconductor Market to Record Lows
1.6 Percent Gap Samsung Electronics narrowed the gap with Intel in the global semiconductor market to 1.6 percent during the second quarter of this year, which is the lowest ever.According to market...
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Developers Need Minimum 1 Trillion Won Investment with More than US$500...
Casino Resort Complex RequirementsFor regions which can apply for a project to build and operate an integrated resort complex that would include a casino, a total of nine sites were selected, including...
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Core Components for Satellites, Space Launch Vehicles Successfully Localized
Space Tech IndependenceSeveral Korean companies have successfully localized parts for satellites and space launch vehicles, taking one more step toward the nation's independence in space technology. On...
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