Clik here to view.
Major Korean Business Groups Wobbling
Chaebol ChatterMajor Korean companies are overhauling their business strategies for this year in order to deal with currency appreciation, come up with market-leading products, and slim down their...
View ArticleClik here to view.
Korean Labor Market Still Far from Efficient
Little RedundancyThe Federation of Korean Industries (FKI) quoted the World Economic Forum’s annual Global Competitiveness Report, which is released every Sept., as saying that Korea ranked sixth among...
View ArticleClik here to view.
Korean Products Gaining Popularity in China, Japan
Crashing WaveThe Korea International Trade Association announced on Oct. 26 that three Chinese online shopping malls – Suning.com, Tmall.com, and JD.com – recently opened Korean product websites. The...
View ArticleClik here to view.
Korean Shipbuilders in Distress
Less Ships, More ProblemsMajor Korean shipbuilders are predicted to record more than 7 trillion won (US$6.2 billion) in losses this year amid the current economic recession and slump in their offshore...
View ArticleClik here to view.
Korea’s Annual Coffee Imports Expected to Reach All-time High This Year
Elixir of LifeIt is expected that Korea’s imports of coffee will reach a new high, as it did last year, with the popularity of coffee in Korea showing no signs of subsiding.According to the Korea...
View ArticleClik here to view.
China to Massively Invest in LCD Panel Industry Aiming for Domination by 2018
Long-term PlanIt is being predicted that China will become the world leader in LCD panels in 2018 by beating Korea, as the nation began to make massive investments in LCD panels used in smartphones and...
View ArticleClik here to view.
Global IT Giants Wage Mobile News War
Mobile WarGoogle, Apple, and Facebook are running to win the global news race. In contrast, controversy over news editing biases is causing domestic Internet business operators such as Naver and Daum a...
View ArticleClik here to view.
Necessities for Successful Implementation of Wage Peak System
KAMCO CaseAlthough the wage peak system gained momentum following the Park Geun-hye administration’s push for a reform of the labor market in Korea, it turns out that a successful implementation...
View ArticleClik here to view.
Nolboo Opens 14th Budaejjigae Restaurant in China
Army StewNolboo Co. Ltd., the Korean food services company, has opened its 14th “Nolboo Budaejjigae & Cheolpangui” restaurant in Shanghai a year and a half after it entered the Chinese...
View ArticleClik here to view.
Cheong Kwan Jang Decorates Product Packaging with Illustrations of Famous...
Ginseng TourismAs the popular souvenir for foreign tourists, the Red Ginseng Extract Royal Tour Edition is an extract using six-year-old red ginseng, putting the illustrations of Korea’s eight famous...
View ArticleClik here to view.
Amore Pacific Opens 2nd Creative Economy Innovation Center in Jeju
Cosmetics InnovationsAmore Pacific held an opening ceremony for the second Jeju Creative Economy Innovation Center at Jeju Technopark Bio Center on Oct. 27 and started promoting Jeju Island as a...
View ArticleClik here to view.
Samsung C&T to Construct Tallest Building in Southeast Asia
Constructing the 118Samsung C&T (CEO Choi Chi-hoon) announced on Oct. 27 that it has landed a US$842 million (954.41 billion won) deal called the “KL 118 Tower” project commissioned by PNB Merdeka...
View ArticleClik here to view.
Lotte Group Reduces Cross Shareholding by 84%
Uncrossed WiresThe Lotte Group has removed cross shareholding ties with 349 other companies so far, which accounts for 84 percent of the total, accelerating the improvement of its corporate governance....
View ArticleClik here to view.
LG Display Strengthens ‘Global Patent Management’
Patent IssuesLG Display is explaining its patent competitiveness in China. In the rapidly-growing Chinese market, this is a preemptive move on the possible infringement of patent rights in the...
View ArticleClik here to view.
Samsung to Mass Produce Exynos 8890 for Galaxy S7
Chip DaysSamsung Electronics plans to mass produce its own application processor (AP) using its first cores within the year.Among mobile AP producers, it is the third company to introduce its own...
View ArticleOld Frequency Fights Eclipse Worldwide 5G Trend in Korea
Frequency FightingA sense of crisis is being felt in the wireless telecommunications industry near the time of its earnings announcements. On paper, mobile telecommunication companies are posting...
View ArticleClik here to view.
NEW CEO of Kakao Unveils ‘On-Demand’ World
World On DemandLim Ji-hoon, the new CEO of Kakao, announced a plan to create the Mobile 2.0 Era based on the key word of ‘On-Demand’ in his first public appearance on Oct. 27. On-Demand is the concept...
View ArticleClik here to view.
UNIST Develops Customized Stem Cells to Treat Spinal Cord Injuries
Stem Cells to OrderA team of Korean researchers developed a new technology to produce customized stem cells that can be used in the treatment of severe diseases, such as a spinal cord injuries. A team...
View ArticleClik here to view.
KIST to Develop Metallic Implant for Tissue Regeneration
Tissue RegenerationKorean researchers developed a new metallic material that can induce angiogenesis and promote tissue regeneration. A team led by Dr. Ok Myeong-ryeol at the Biomedical Research...
View ArticleClik here to view.
Samsung Electronics’ Retirement of Its Stocks Ushers in Era of...
Think of the ShareholdersAmid robust earnings in the third quarter of this year, Samsung Electronics began to implement shareholder-friendly policies including a buyback of 11 trillion-plus-won share...
View Article