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400 Billion Won Invested in Smart Manufacturing R&D for Next Five Years

Smart ManufacturingThe Ministry of Science, ICT & Future Planning made public its long-term roadmap for smart manufacturing R&D on Dec. 10. The roadmap covers the eight smart manufacturing...

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Spatial Wireless Charging Technique Developed in Korea

Wireless ChargingThe Electronics and Telecommunications Research Institute (ETRI) announced on Dec. 10 that it developed a key technology for a 60-watt wireless charging system utilizing magnetic...

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Mobile Messenger-based Foreign Currency Remittances to be Available Next Year

Mobile Messenger RemittancesThe Ministry of Strategy & Finance announced on Dec. 10 that new enforcement ordinances and regulations of the Foreign Exchange Transaction Act would become effective in...

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Samsung’s Entrance into Automotive Electronic Component Industry to Draw...

Industrial Convergence Global IT giants are increasing their presence in the automobile industry. Google is planning to come up with a self-driving vehicle in 2017 and Apple is working on electric...

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Korean NPE in Patent Suit against Global Giants

Counter OffensiveGame and Technology, a Korean non-practicing entity (NPE), recently filed patent infringement and damage suits in a court in Texas against global leading game companies such as...

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Korean Gov't to Cut Back on Export Financing Assistance

Declining AssistanceThe Export-Import Bank of Korea (Korea Eximbank) is planning to provide less export financing subsidies in 2016 than it did this year. The year-on-year decrease in this amount is a...

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Engine of Mirae Asset Financial Group Outreach Programs

Park Hyeon Joo FoundationThe Park Hyeon Joo Foundation is behind the variety of outreach activities that the Mirae Asset Financial Group is engaged in. It is a scholarship foundation named after the...

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KB Kookmin Bank to Exceed 20 Million Customers, Upgrade Internet, Mobile...

Online Banking CelebrationKB Kookmin Bank will soon have 20 million customers, and the bank is celebrating its growth by releasing new versions of its Internet and mobile banking applications.KB...

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KNOC Hosts Contest to Seek Government 3.0 Best Practice Cases

Seeking New Growth EngineThe Korea National Oil Corporation (KNOC, President Seo Moon-kyu) hosted the “2015 Government 3.0 Best Practice Contest” at the headquarters in Ulsan on Dec. 14, with its...

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Ovitz to Campaign for Eye Disease Prevention in Developing Countries

Global CSR by StartupOvitz Corporation, a New York-based global startup that develops tiny portable devices to check eyes, is set to support eye care in developing countries. The K-ICT Born 2 Global...

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Green Cross Well-being CEO Wins Bronze Tower Industrial Medal

Pharmaceutical Tech RecognitionGreen Cross Well-being, a company that develops herbal medicines and personalized nutrition therapy, said on Dec. 14 that its CEO Yoo Young-hyo received the Bronze Tower...

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SPC Group Sommelier Ahn Jung-min Wins 2015 Asia Best Sommelier Competition

Asia’s Best SommelierThe SPC Group (Chairman Hur Young-in) announced on Dec. 14 that its sommelier, Ahn Jung-min, has won the 1st Asia Best Sommelier Competition in French Wines 2015 held in Kuala...

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Mirae Asset Signs MOU with Taiwan’s Yuanta Asset Management for Cooperation...

ETF CooperationMirae Asset Global Investments announced on Dec. 14 that it has signed a memorandum of understanding (MOU) with Yuanta Asset Management, the leader in the Taiwanese ETF market, to...

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SK Group Seeks Start-ups for Middle Eastern Market

Saudi Startup CooperationThe Daejeon Creative Economy Innovation Center, jointly established by the SK Group, is set to seek start-ups to enter the Middle Eastern market. With continuous investment...

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Cheong Kwan Jang’s Limited Special Edition Gains Popularity

Red Ginseng SpecialTo celebrate the 116th anniversary of its founding, the Korea Ginseng Corp (KGC) has released four limited special edition products.With the concept of “sharing love,” the limited...

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Korean Engineers Develop Better, Cheaper Secondary Battery Catalyst

Iron-Carbon Composite CatalystThe Ulsan National Institute of Science and Technology (UNIST) announced on Dec. 14 that its research team led by professors Kim Keon-tae and Baek Jong-beom at the...

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KERI Develops Silicon Carbide Power Semiconductor Device

Fuel Efficiency ChipThe Korea Electrotechnology Research Institute (KERI) announced on Dec. 14 that it developed a silicon carbide power semiconductor device and signed a technology transfer contract...

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China Looking to Work with Korea to Grow Its Semiconductor Industry

Chinese CourtshipThe Tsinghua Unigroup of China is trying to acquire a number of global semiconductor firms, including Korean ones, in order to establish joint ventures in China.For example, the...

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Korean Government to Take Additional Tech Leak Countermeasures

Tech ProtectionOn Dec. 14, the Ministry of Trade, Industry & Energy and the Small & Medium Business Administration released their plans for technology leakage prevention for 2016 to 2018, and...

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Naran Tech Makes MicroBot Series Debut in Crowdfunding Market

Startup Crowdfunding The Internet of Things startup Naran has made  successful debut of MicroBot series in the crowdfunding market.The K-ICT Born 2 Global Center said that its member company Naran is...

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