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Returning 10% of Income Back to Society
E-Land Social ContributionsThe E-Land Group has given 10 percent of its net income in social contributions, putting sharing into practice. The company has three principles to guide its social...
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SK Telecom Joins Hands with Dongbu Daewoo Electronics for Smart Home Technology
Smart Home CooperationSK Telecom signed a memorandum of understanding (MOU) with Dongbu Daewoo Electronics, one of the nation’s top three global electronics companies, on Dec. 15, to launch home...
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KOGAS Completes First Stage Construction of LNG Production Base in Samcheok
Energy HubThe Korea Gas Corporation (KOGAS, CEO Lee Seung-hoon) held a ceremony to celebrate the completion of the first stage of their new liquefied natural gas (LNG) production base in Samcheok on...
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ETRI Develops New Tech to Improve Display Image Quality
Graphene InsteadSouth Korean scientists have developed a new technology that improves the transparency and image quality of display panels by 40 to 60 percent, by integrating graphene into organic...
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Facebook Partners with Uber for Ride-hailing Service, Following Kakao Taxi
Facebook EmulationFacebook, the world’s largest social network, launched a ride-hailing service that emulates Daum Kakao’s Kakao Taxi on Dec. 16 (local time), in partnership with Uber, the ride-hailing...
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Lotte Chemical to Make US$3 Billion Joint Investment to Build Ethane Cracker,...
Chemical Industry InvestmentAt the board meeting on Dec. 17, Lotte Chemical Corp. has approved an investment to set up an ethane cracker plant with an annual production capacity of 1 million tons and...
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Daewoo International Signs MOU with Cuba’s Largest State-run Foreign Trade...
Cooperation with CubaDaewoo International Corporation (CEO Kim Young-sang) announced that it has signed a memorandum of understanding (MOU) with Gecomex (Chairman Aurelio Mollineda) on Dec. 17 in Cuba...
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Hyosung Signs MOU with Mongolian Government to Build Electrical Grids
Electrical Grids in MongoliaThe Hyosung Corporation has become the nation’s first company to establish an electrical grid in Mongolia, which shows more than 10 percent growth every year.The company...
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ETRI to Preoccupy 5G Industry with Core, Fundamental Techs
5G InitiativeThe Electronics and Telecommunications Research Institute (ETRI) of Korea said on Dec. 17 that it has succeeded in developing 5G core element technologies, including “millimeter-wave beam...
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Global IT Giants Compete to Preoccupy Korean Cloud Market
Cloud CompetitionGlobal information and technology (IT) giants are set to target “Cloud Korea.” As the government is growing the cloud market through its “cloud computing stimulation plan,” Amazon Web...
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SK Telecom Announces Plans to Enhance Mobile Experience for Foreign Nationals...
SKT Benefits SK Telecom today announced plans to enhance benefits of foreign customers through new price plans and strengthened customer service.The number of foreigners living in Korea has reached...
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Samsung Engineering awarded contract for MEG plant in Louisiana, USA
New ContractSamsung Engineering Co., Ltd. announced today that it has been awarded for an over $ 800 million USD contract from Lotte Chemical Louisiana LLC for a 700,000 MTPA monoethylene glycol plant...
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150th anniversary of Danish composer Carl Nielsen celebrated in Seoul
150th anniversary On Tuesday, Dec. 15, a classical concert titled ‘Music and Life’ of Carl Nielsen – 150 Years, celebrating the 150th anniversary of the world renowned Danish classical music composer...
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Platform for UAE and Korea Relations
Barakah NPP ProjectThe Barakah Nuclear Power Plant (Barakah NPP) Project is a project to build a four nuclear power plants in the United Arab Emirates. The Barakah NPP is United Arab Emirates' first...
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Over 500 Million Orion Choco Pies Selling in Russia Annually
Hit in RussiaThe amount of Choco Pies sold in Russia has exceeded 500 million a year, recording 2.5 billion rubles in accumulated sales as of November 2015, a spokesman of Orion said on Nov. 17.The...
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PyeongChang 2018 to Host FIS Ski World Cup
Alpine Centre DebutThe PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games is getting ready to open the Jeongseon Alpine Centre to the world in February 2016 by hosting...
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Samsung Engineering Wins Major Refinery Contract from PEMEX in Mexico
Mexican RefinerySamsung Engineering has met with Pemex Transformacion Industrial, the newly created fuel processing subsidiary of Mexican state-owned oil firm Petroleos Mexicanos (PEMEX), to officially...
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KOGAS Seeks Sustainable Growth Strategy
Sustainable GrowthThe Korea Gas Corporation (KOGAS) held a “global strategy meeting” at its headquarters in Daegu on Dec. 21. The state-run gas company called the meeting to check on current business...
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SCJ Signs MOU with Microsoft Korea to Jointly Hold ‘2016 Imagine Cup’
Student IT FestivalThe Imagine Cup 2016: Korea Finals will be jointly hosted by CJ Corporation and participated in by Creative Economy & Innovation Centers across the nation.CJ Corp., Microsoft...
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WeMakePrice Holds Online Bazaar for Underprivileged with 60 Brand Designers
Red BazaarWeMakePrice, one of South Korea's biggest social commerce platforms, is holding an online bazaar called “Red Bazaar” until Jan. 8, along with 60 domestic, foreign and luxury designer...
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