Clik here to view.
Samsung C&T Wins Singapore Rail Project
Connecting SingaporeSamsung C&T (CEO Choi Chi-hoon) announced on Nov. 25 that it has won a US$393 million (449.59 billion won) order to build Thomson subway line T307 in Singapore from Singapore’s...
View ArticleClik here to view.
FKI Discussed Development of Russian Far East
Opportunities abound in Russian Far EastThe Federation of Korean Industries and law firm SHIN & KIM held a seminar on Nov. 25 on the development of the Russian Far East. During the seminar,Jeon...
View ArticleClik here to view.
BBCN Bank Interested in Privatization of Woori Bank
Diaspora Buy-inIt has been found that BBCN Bank, the largest Korean-American bank in the United States, recently asked the Financial Services Commission for information about whether it is allowed to...
View ArticleClik here to view.
JP Morgan Considering Korean Stock Market Undervalued
Finance EyesThe Korea Exchange held an investors’ conference call in Hong Kong last week. There, Adrian Mowat, chief emerging market and Asian equity strategist at JP Morgan, said that the Korean stock...
View ArticleClik here to view.
E-Land Suspected of Theft of Product Design
Muffler StealerE-Land’s SPA brand Folder is in controversy over the use of another firm’s product design without permission. According to industry sources, E-Land produced similar products and sold...
View ArticleClik here to view.
Korea Housing Finance Corporation Issued Covered Bond Abroad
Releasing BondThe Korea Housing Finance Corporation held a ceremony in London, UK on Nov. 24 after issuing a five-year global covered bond of US$500 million on Nov. 19 at a coupon rate of 2.50...
View ArticleClik here to view.
Lotte Confectionery Issues Recall After Receiving Complaints About Funny Odors
Odious RecallLotte Confectionery issued a recall on white chocolate cookie Pepero and almond chocolate bars after the company received a complaint saying that these snacks gave off funny...
View ArticleClik here to view.
Korean MLB pitcher RYU Hyun-jin named Honorary Ambassador for the Olympic and...
Honorary AmbassadorThe PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games (POCOG, President Yang-ho Cho) appointed Major League Baseball (MLB) pitcher Ryu Hyun-jin as...
View ArticleClik here to view.
Samsung Electronics Release 46.73-cm Galaxy ‘View’ Tablet
Mobile+TVAs tablet products are competing for large displays in earnest, Samsung Electronics has released its new 18.4-inch (46.73-cm) Galaxy View tablet that is larger than most laptop...
View ArticleClik here to view.
Apple to Adopt LG’s OLED for iPhones
OLED ChanceApple will adopt organic light-emitting diode (OLED) displays on iPhones starting in 2018, supplied by LG Display. As the number one smartphone vendor Apple has decided to use OLED, the...
View ArticleClik here to view.
LG Electronics Develops Its First Mobile Application Processor
LG’s IndependenceLG Electronics is trying to move away from Qualcomm, which the company solely relied on for existing mobile application processors (AP), and is now developing its new mobile AP in...
View ArticleClik here to view.
Samsung Begins Mass Production of Industry’s First 128GB DRAM Modules
Next-gen DRAMBased on a three-dimensional through-silicon via (TSV) technology, Samsung Electronics has started mass production of its new DRAM module featuring the world’s largest capacity and the...
View ArticleClik here to view.
SK Hynix Rejects Tsinghua Unigroup’s Offer
Semiconductor RelationshipChina’s state-backed Tsinghua Unigroup suggested a strategic partnership to SK Hynix last month but was rejected immediately. Chinese company has been aiming for the memory...
View ArticleClik here to view.
Why Do Domestic Banks Try to Establish Partnership with China’s Fintech...
Real Reason More and more domestic companies are establishing partnerships with China’s fintech companies. This is largely due to the competition to secure the position as main creditor banks for...
View ArticleClik here to view.
‘Monthly Performance-based Bonus Wages are Also Ordinary Wages’
Supreme Court of KoreaThe Supreme Court of Korea declared that annual performance-based bonus wages that are given monthly are included in the definition of ordinary wages, because they are regular and...
View ArticleClik here to view.
Mining, Manufacturing Industries Costing More to Run
Cost of Doing BusinessLast year, the supply chain cost of the mining and manufacturing industries decreased. Also, one of the core industries, the electronics industry, showed lagging...
View ArticleClik here to view.
Kakao, KT Consortiums to Launch Korea’s First Internet Bank
The First Internet BankTwo consortiums led by South Korean Internet giant Kakao and no. 2 telecom operator KT, were approved to launch the nation’s first Internet-only banks next year. The two banks,...
View ArticleClik here to view.
Immediate Tax Refund to be Allowed for Foreign Tourists
Small Tax RefundThe Ministry of Strategy & Finance announced on Nov. 29 that foreign tourists in Korea can get an immediate tax refund at major downtown duty-free stores in Korea on certain...
View ArticleClik here to view.
FTA between Korea and China Expected to Become Effective within This Year
Korea-China FTAThe ruling and opposition parties agreed on Nov. 27 to pass the ratification bill for the Korea-China FTA by holding a general meeting on Nov.30. Still, the opposition New Politics...
View ArticleClik here to view.
Gloomy Forecasts Hanging Heavy on Korean Economy for This Year
Declining EconomyKorea is predicted to record an annual economic growth rate of less than 3 percent this year amid the repercussions of the Middle East Respiratory Syndrome (MERS) and slowdown of the...
View Article