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Korea Institute of Machinery and Materials Develops Hybrid Ultra-precision...
Tiny Tiny SystemA team led by Dr. Park Jong-kwan of the Ultra-Precision System Research Lab at the Korea Institute of Machinery and Materials announced on Nov. 10 that they developed a fundamental...
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Daewoo International, GM Korea Conflicting over ‘Daewoo’ Brand
Corporate ConflictOn Nov. 11, POSCO and Daewoo International agreed to use the name of Daewoo in their project for supplying vehicles to Saudi Arabia, a formal contract for which is scheduled to be...
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Youth Unemployment Rate in Korea Hits Three-year Low
Employed PeopleIt has been found that an increase in the number of employees in Korea topped 300,000 persons for the second consecutive month in October, and reached a five-month high, while the youth...
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Walkie-Talkie Service by All 3 Mobile Service Carriers
Everybody TalkingAll three mobile service carriers are launching walkie-talkie services, drawing attention to the backgrounds of the new services. According to industrial sources on Nov. 11, following...
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Samsung Pay Appears to be More Successful than Apple Pay So Far
WinningMarket research firm Aite Group said that Apple Pay, which made its debut in October last year, is currently accounting for merely 1 percent of retail payments in the United States. Phoenix...
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Many Korean Companies to Face Corporate Restructuring
Painful ChangeThe Korean financial authorities put a large number of small and medium enterprises (SMEs) on the list of companies to be subject to restructuring through its recent credit risk...
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Experts Doubt Effectiveness of Gov’t Anti-heavy-tail Contract Policy for...
No Heavy TailsThe Korean government recently announced that it would prevent cutthroat bidding competition among Korean shipbuilders and the conclusion of heavy-tail contracts. Industry experts are in...
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KCC to Present Guidelines for Multi-level Marketing of Mobile Phones
Mobile Trickery ManagementThe Korea Communications Commission is planning to release new multi-level mobile phone marketing guidelines within this week. The guidelines signify that multi-level...
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Samsung Unveils Latest Mobile Application Processor Exynos 8
Rising HighSamsung Electronics, a world leader in advanced memory semiconductor technology, rewrote the non-memory semiconductor history this time. As the company rolled out a mobile application...
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Korea to Become Game Changer in Global Semiconductor Market
Semiconductor ChangesDespite the recent decrease in semiconductor prices, Samsung Electronics posted double-digit growth in the global semiconductor market this year, being hot on the trail of the...
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Hyundai Heavy Industries Signs MOU with Aramco to Cooperate in Shipbuilding,...
Shipbuilding PartnersHyundai Heavy Industries (HHI) is joining hands with the world’s largest oil company Aramco to construct a joint shipyard in Saudi Arabia and proceed with large joint projects in...
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Samsung Display Shuts Down Local L5 Production Line
5th Generation EndsSamsung Display halted the operation of the L5 line, which had previously produced the fifth-generation liquid crystal display (LCD) panels, in Cheonan, South Chungcheong Province,...
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Financial Authority Allows HMM to Postpone Repayment of 900 Billion Won
Private Placement BondsThe South Korean government decided to allow Hyundai Merchant Marine (HMM) to postpone the repayment of private placement corporate bonds worth 900 billion won (US$776.2 million)...
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Korea’s ICT Exports Slide after 3 Months
Less CommunicationKorea’s ICT exports dropped after three months’ increase, while its ICT imports hit a record high. According to ICT export and import data released by the Ministry of Science, ICT and...
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Telecom Players Throw Hat in Ring for MCN Competition
Multi-channel NetworkYouTube, a popular multi-channel network (MCN) allows individual creators to inform the world of their content via the Internet. This overwhelming power has brought more than one...
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7 of 10 Best Performing Stocks in Asia Belong to Corporate Korea
Chaebol SupremacySeven of the ten best performing stocks in the Asian stock market this year were those of Korean companies.According to Bloomberg, Hanmi Science and Hanmi Pharmaceutical came in first...
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Chairman of Hanjin Group, Executive Team to Donate 3 Billion Won to Youth...
Hope for YouthThe Hanjin Group announced on Nov. 12 that Cho Yang-ho, its chairman, together with the group’s executive team, decided to make a donation of 800 million won (US$689,272) to the public...
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Experts from 15 Nations to Meet in Seoul, Discuss Entrepreneurship
Global Entrepreneurship Week 2015Coming to Seoul on Nov. 16, Global Entrepreneurship Week will be held at the K Hotel in the southern Yangjae district of the city to bring together experts in...
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Samsung Display to Expand Investment in Flexible OLED Panel Business
Special ConsiderationAccording to industry sources on Nov. 15, Samsung Display is giving positive consideration to expand investment in the flexible OLED display panel sector, which is recently opening...
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STX Offshore & Shipbuilding to Seek Radical Restructuring Plan
Existential CrisisSungdong Shipbuilding & Marine Engineering and Daewoo Shipbuilding & Marine Engineering were revived by emergency rescue funds from creditors in the second half of this year,...
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