Clik here to view.
4th-gen Nuclear Reactor Fuel to be Developed by Korea
Localization of Nuke FuelThe Korea Atomic Energy Research Institute announced on Jan. 6 that it completed the prototype of a nuclear fuel assembly for its Prototype Gen-IV Sodium-cooled Fast Reactor...
View ArticleClik here to view.
Korea’s ICT Industry Facing Bleak Outlook
ICT ChallengesIt has been warned that Korea’s ICT industry, which has shown low growth for years, is likely to record its first zero growth this year. The industry is forecast to be more affected than...
View ArticleClik here to view.
Single-person Households Creating New Trend of Consumption
Lifestyle TrendAccording to Statistics Korea, the ratio of single-person households in Korea increased from 15.5 percent to 25.3 percent between 2000 and 2013 and is estimated to exceed 31 percent in...
View ArticleClik here to view.
KAI, Indonesia Sign Formal Contract on KF-X Development
Co-development of Jet FighterKorea Aerospace Industries (KAI), South Korea's sole aircraft manufacturer, signed a formal contract with the Indonesian Ministry of Defense and Indonesian state-run...
View ArticleClik here to view.
Foreign Car Sales in S. Korea Jump 24.2% in 2015
Largest Sales EverBMW sold the largest number of imported vehicles in Korea last year to beat its top rival and fellow German carmaker Mercedes Benz by a narrow margin. Volkswagen ranked third despite...
View ArticleClik here to view.
Latest Smartwatches Come in Rose Gold
Battle of the SmartwatchesAs more stylish and luxurious smartwatches have been unveiled at the ongoing Consumer Electronics Show (CES) 2016 in Las Vegas, the war of smartwatches is intensifying.Samsung...
View ArticleClik here to view.
LG Unveils Ultra-slim 2.57mm ‘Signature’ OLED TV
4 Stacked Credit CardsSamsung Electronics and LG Electronics are competing to gain supremacy in the next-generation TV market at the Consumer Electronics Show (CES) 2016, the largest home appliance...
View ArticleClik here to view.
Net Asset of ETFs Reached a New High Last Year
198 ETFs AvailableThe total net asset of ETFs in Korea exceeded 21 trillion won (US$17.5 billion) last year for the first time ever.The Korea Exchange announced on Jan. 7 that the amount increased by...
View ArticleClik here to view.
Debts of Korean Households Amounting to 1.2 Quadrillion Won
Latent BombAccording to the Bank of Korea and Justice Party lawmaker Park Won-seok, who is a member of the Strategy & Finance Committee of the National Assembly, Korean households’ additional...
View ArticleClik here to view.
Omnibus Account to be Brought In for Foreign Investors
Entry into MSCI ACWIThe Korean government is looking to bring in omnibus accounts for foreign investors in a bid to have the Korean stock exchange included in the Morgan Stanley Capital International...
View ArticleClik here to view.
Sharply-falling Chinese Currency to Strike Korean Exporting Firms
China ShockAnother China shock is affecting the Korean economy from the onset of this year. According to industry sources, the value of the Chinese currency is estimated to fall to 6.5336 yuan per U.S....
View ArticleClik here to view.
Korean Gov’t Funnels R&D Budget into New Industries
Investment in the FutureThe Korean government will concentrate its R&D budget investment in the nine new and emerging industries of ICT & software, biotechnology & healthcare, energy &...
View ArticleClik here to view.
Korean Shipbuilders’ Losses Snowballed Last Year
8 Trillion Won LossThe total business losses of Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries for last year are estimated at more than eight...
View ArticleClik here to view.
Samsung’s 12 Affiliates See Decrease in Q4 Operating Profits
Lowered PerformancesExcept for Samsung Electronics, major affiliates of Samsung Group will see the drop in operating profits in the fourth quarter, compared to the previous year.According to financial...
View ArticleClik here to view.
Hyundai-Kia Motors to Increase Global Production Capacity by 500,000 Units
Increasing Overseas ProductionHyundai-Kia Motors will have a combined global production capacity of 8.41 million units a year by operating new plants in overseas markets, which show growth this year....
View ArticleClik here to view.
Korean Air Signs Contract to Mass Produce Unmanned Aerial Vehicles
Mass Production of DronesKorean Air Lines Co. will mass produce an unmanned aerial vehicle (UAV).The nation’s No. 1 air carrier announced on Jan. 10 that it has signed a deal with the Defense...
View ArticleClik here to view.
POSCO to Unveil Advanced Automotive Steel Technologies at Detroit Auto Show
World’s First 2GPa SteelSouth Korea’s leading steelmaker POSCO said on Jan. 10 that it is showcasing its automotive steel technology and 30 types of futuristic car components to be used in...
View ArticleClik here to view.
Business Performance of Samsung Electronics Unlikely to Improve for a While
Below ExpectationsSamsung Electronics announced its earnings for the fourth quarter of last year on Jan. 8. The figure was below expectations, although the operating profit of the company had continued...
View ArticleClik here to view.
Funding Competition is Heating Up
PEF CompetitionAccording to investment banks, the Military Mutual Aid Association and the Employment Insurance Fund pick PEFs to run a fund of approximately 220 billion won in the middle of this...
View ArticleClik here to view.
Elliott Faces Sanctions for Breach of Disclosure Rule
Sanction on ElliotAccording to financial investment industry sources on Jan. 10, the Financial Supervisory Service (FSS) has internally concluded that Elliott Associates, a U.S. hedge fund, violated...
View Article