Clik here to view.
Competition in 3D NAND Flash Memory Market is Heating Up
3D NAND Flash Competition Toshiba invests at least 500 billion yen in order to set foot in the 3D NAND flash market and its manufacturing facilities for the same purpose are put into operation in 2017...
View ArticleClik here to view.
Kumho Tire Participates in Tokyo Auto Salon in 2016 for 8th Consecutive Years
Racing TiresKumho Tire announced on Jan. 14 that it will participate in the Tokyo Auto Salon 2016, which will take place at Makuhari Messe in Tokyo, Japan, from Jan. 15 to 17.The Tokyo Auto Salon is...
View ArticleClik here to view.
FSS Launches Probe into Property Deals by SK Group chairman’s Mistress
Supervising Shady FinancesThe Financial Supervisory Service (FSS) has launched an investigation into an overseas SK affiliate, Bergaya International, and a real estate deal linked to a 41-year-old...
View ArticleClik here to view.
Korea to Boost Economic Cooperation with Iran
Business Promotion in IranThe Ministries of Trade, Industry & Energy, Strategy & Finance and Land, Infrastructure & Transport announced on Jan. 21 that they voted for a plan for the...
View ArticleClik here to view.
Hartz Reform Emerging as Alternative to Tripartite Agreement for Labor Reform
Alternative for labor reform The Korean government’s labor reform plan lost its direction after the Federation of Korean Trade Unions (FKTU) declared its withdrawal from the September 15 Tripartite...
View ArticleClik here to view.
KRISS Develops Precision Calibration System for Laser Interferometers
Laser Precision Calibration SystemThe Korea Research Institute of Standards and Science (KRISS) announced on Jan. 21 that a research team led by Dr. Eom Tae-bong developed a precision calibration...
View ArticleClik here to view.
North Gyeongsang Province to Host 66th UN World NGO Conference
UN NGO Conference in KoreaNorth Gyeongsang Province announced that six delegates from the United Nations World NGO Conference visited the province on January 20.The delegation includes UN officials,...
View ArticleClik here to view.
Samsung, LG to Focus on UHD TV this Year
Differentiation from ChinaAs ultra-high definition (UHD) TVs have been widely populated in earnest this year, Samsung Electronics and LG Electronics, leaders in the UHD TV market, will accelerate a...
View ArticleClik here to view.
CGV ScreenX Makes Good Start in China
3D ScreenCGV’s ScreenX, the multi-projection system that extends a movie’s images onto theater walls, has made a good start in China, which is rapidly emerging as the largest film market in the...
View ArticleClik here to view.
SK Holdings C&C Starts Smart Factory Project in Chongqing, China
Smart Factory in ChinaSK Holdings C&C announced at Lotus Hotel in Chongqing, China, on Jan. 20 that it has started a smart factory pilot project in the Chongqing plant of Hon Hai Precision Industry...
View ArticleClik here to view.
SK Telecom to Purse Merger of SK Planet’s LBS Unit to Strengthen Living Value...
Creating Synergy SK Telecom announced on January 21 that SK Planet, a wholly-owned subsidiary of the company, will spin off its LBS unit and merge with SK Telecom.SK Telecom and SK Planet separately...
View ArticleClik here to view.
‘Good People’ to Participate First in International Sports Business Trade Show
‘Body Gear’ for SportsGood People Co. is participating in the International Society for Prosthetics and Orthotics (ISPO) Munich 2016 for the first time in the domestic underwear industry, capitalizing...
View ArticleClik here to view.
Arrival of Asia, N. America-Based Banks amid Departure of UK-Based Banks
Mixed MovesLarge British investment bank Barclays has decided to withdraw from Korea. This is the second business withdrawal by a UK-based financial institution from Korea since the Royal Bank of...
View ArticleClik here to view.
SKT Joins Hands with Cisco for Innovative IoT Platform Development
IoT Platform SK Telecom announced on January 25 that it has signed a memorandum of understanding (MOU) with Cisco, the world’s largest networking equipment manufacturer headquartered in the U.S., to...
View ArticleClik here to view.
Hyundai Merchant Marine, Hanjin Shipping Face Cash Crunch
Ordeal of Shipping Industry As South Korea’s two biggest shipping companies, which were plagued by rumors about the merger last year, are likely to face a cash crunch again, with the year having just...
View ArticleClik here to view.
System Integration Service Providers Seek to Strengthen IOT, Big Data Solutions
Service ExpansionSouth Korea’s big three system integration and IT service providers – Samsung SDS, LG CNS and SK Holdings C&C – and POSCO ICT are seeking to strengthen their overall solution...
View ArticleClik here to view.
Sales of Imported Green Cars Soared in Korea Last Year
Green Car SalesIt has been found that the number of imported electric and hybrid electric vehicles sold in the Korean market last year exceeded 10,000 for the first time in history.The Korea Automobile...
View ArticleClik here to view.
Sales of Imported Diesel Cars in Korea Hit Record High Last Year
Diesel PopularityThe Korea International Trade Association announced on January 24 that Korea imported diesel cars worth US$6.29314 billion, a record high, in 2015 in spite of the Volkswagen scandal....
View ArticleClik here to view.
“Korea’s Potential Growth Rate Could Show a Significant Decline”
Gloomy ForecastThe Hyundai Research Institute said on January 24 that Korea’s potential economic growth rate is likely to dip below 3% in the near future and fall to 1% or so in the mid-2020s with the...
View ArticleClik here to view.
Korea, China Jointly Raised Venture Capital to Assist in Korean Firms’...
Joint FundThe Small & Medium Business Administration and the Korea Venture Investment Corp announced on January 24 that they raised a fund of US$100 million in order to assist in Korean small and...
View Article