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Korean Government to Invest 250 Billion Won in IoT Industry
Investment in Future Industries The Korean government invests 250 billion won until 2017 in order to accelerate the growth of the Internet of Things (IoT) industry.130 billion won of it goes to the six...
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Coupang Ranks First in NCSI for 2 Consecutive Years
Customer SatisfactionKorean e-commerce site Coupang announced that it has ranked first in the category of social commerce in the National Customer Satisfaction Index conducted by Korea Productivity...
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ST Pharm Wins US$ 7 Million Export Tower Award
Export Award ST Pharm, a pharmaceutical raw-material company which is a subsidiary of Dong-A Socio Holdings, announced that it has won the USD 7 million Export Tower at the 52nd Trade Day Commemoration...
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Doosan Heavy Industries Takes First Step into South African Power Plant Market
Penetrating African MarketDoosan Heavy Industries & Construction, South Korea's top power equipment maker, is taking the first step into the South African power plant market.The company announced...
View ArticleAutomotive Convergence Alliance Launched, Led by Hyundai Motor, LG
Automotive ConvergenceCompanies in the automobile, information technology (IT), software (SW), communications and materials industries, such as Hyundai Motor, LG Electronics, Naver, KT, Hanwha Advanced...
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Expectations Grows for Merger between Samsung Engineering and Samsung Heavy...
Merge of Construction UnitsAs Samsung Engineering has decided to increase capital by issuing new shares, expectations are growing for the merger with Samsung Heavy Industries. Some say that the group...
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Kiwi Chamber Welcomes Entry into Force of Korea-New Zealand FTA
FTA Finally in ForceNewly ratified trade deal offers enhanced business opportunitiesThe New Zealand Chamber of Commerce in Korea, known as “The Kiwi Chamber,” welcomes the upcoming entry into force of...
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CJ Group Wins Friendship Medal in Vietnam
Friendship AwardAt the Vietnamese State President's Friendship Medal Award Ceremony held at Vietnam Grand Plaza Hanoi Hotel on Dec. 8, CJ Corporation Vice Chairman Lee Chae-wook received the Friendship...
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WeMakePrice to Hold Bazaar with New Brand Designers for the Underprivileged
Bazaar for the UnderpriviledgedWeMakePrice, one of South Korea's biggest social commerce platforms, is holding an online bazaar called “W BAZAAR” to support the underprivileged, along with new designer...
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Hyosung to Promote “sharing society” in Vietnam
Promoting "Sharing Society"Hyosung is engaged in various community outreach activities under the slogan of a “sharing society.” To fulfill this end, rather than merely engaging in one-time donations,...
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JNU Global Succeeds in Entering Chinese Market with ‘Society’ of Wonki Sansam
Entering Chinese Gaming IndustryThe Society, an e-commerce gaming multi-platform developed by Wonki Sansam, has finally succeeded in pushing into the Chinese market.According to industry sources, JNU...
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SK Telecom Signs MOU with Nokia Networks for NB-IoT Research
Cooperation for NB-IoTSK Telecom and Nokia Networks begins technology development right after signing a MOU for joint research and development in LTE-based narrowband Internet of Things (NB-IoT)...
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Hyundai to Invest 2 Trillion Won to Develop Semiconductor Chips for...
Autonomous Driving Chip Hyundai Motor Group is considering the plan to develop its own computer chips and sensors used in autonomous driving. This is because the group believes that the future of cars...
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Korean Government Raises Fund for Chinese Domestic Market Penetration
‘Made By Korea’ StrategyThe Ministry of Finance and Planning said on Dec. 9 that it will raise a fund of three trillion won in order to assist in Korean enterprises’ business in the Chinese market....
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Samsung Electronics to Enter Automotive Electronic Part Market
New Business EntranceSamsung Electronics announced on Dec. 9 that it sets foot in the automotive electronic parts industry.Its official announcement is drawing the attention of many in the industry as...
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U.S. Government Approved Technology Transfer for KF-X Project
Defense Technology Transfer The Defense Acquisition Program Administration (DAPA) announced on Dec. 9 that the Korean government obtained an export license from the U.S. government on Nov. 30 regarding...
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Overseas Construction Business to Make Breakthrough through Financing
Financing Projects OverseasThe International Contractors Association of Korea (ICAK) invited Lee Duk-hoon, president of the Export-Import Bank of Korea (Korea Eximbank), for a breakfast meeting with...
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Hanmi Pharmaceutical Signs License Agreement with ZAI Lab to Sell New Lung...
Drug License in ChinaSouth Korea’s leading drug maker Hanmi Pharmaceutical Co. (CEO Lee Gwan-sun) announced on Nov. 23 that it has signed a license agreement with Chinese biotechnology company ZAI Lab...
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SK Holdings C&C Joins Hands with IBM to Develop Future Cloud Services
Cloud CooperationSouth Korea’s IT services company, SK Holdings C&C, announced on Dec. 10 that it has recently signed an agreement with IBM at SK u-Tower in Bundang, Gyeonggi Province, to jointly...
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KHFC Signs MOU with Philippines’ NHMFC to Transfer Expertise in Housing Finance
Housing Finance CooperationThe Korea Housing Finance Corporation (KHFC) announced on Dec. 10 that it has signed a memorandum of understanding (MOU) with the Philippines' state-run National Home...
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