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Biometrics Market Enjoying Rapid Growth
Biometric VerificationAccording to the Korea Information Security Industry Association, the domestic biometrics market is estimated to have reached 186.7 billion won in size in 2014 and to reach 414.7...
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IP Battle between Yello Mobile and Buzzvil
Lockscreen IP BattleBuzzvil, a startup based in Korea and the creator of a mobile lockscreen advertising platform, filed an Intellectual Property (IP) lawsuit against Yello Mobile, another Korean local...
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Samsung SDI Will Focus Batteries for Electric Vehicles
Focusing EV Battery Samsung will bet its future on the electric vehicle battery business. The company is planning to put the business on track by pouring funds to be raised via the sell-off of its...
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GM Korea's Spark Completes Driving Test in Extreme Condition
Driven by KoreaChevrolet, one of the world's largest car brands, said that “The Next Spark”, its next-generation global compact car model, carried out thorough pilot driving tests in the extreme...
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Won&Won Successfully Hosts Investment Briefing Session in China
IR in ChinaWon&Won Co., a global restaurant chain known for Won Grandma Bossam (boiled pork eaten with a salty sauce and wrapped in greens) and Jokbal (pig feet) with a history of 40 years,...
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Hanwha Life Insurance CEO Seeks Ways for Overseas Market Expansion at Annual...
Businesses at DavosHanwha Life Insurance President Cha Nam-gyu has participated in the World Economic Forum (WEF) in Davos, Switzerland, for four years in a row to seek ways to expand its overseas...
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Hanwha Techwin to Produce Liquid Rocket Engine for Korea Space Launch Vehicle
Korea’s First Rocket EngineHanwha Techwin Co. announced on January 25 that it has recently signed a 14.1 billion won (US$11.77 million) contract with the Korea Aerospace Research Institute (KARI) to...
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Shipbuilding Industry of China Showing Signs of Crumbling
More Important FactorsIt has been found that China’s ship delivery showed a rapid decline from 20.16 million CGT to 13.51 million CGT between 2012 and 2013, after having soared from 7.19 million CGT to...
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Korean ICT Startups, Venture Firms Attracted 145.2 Billion Won Investment for...
Power of New ParadigmThe Ministry of Science, ICT & Future Planning announced on January 25 that the 733 ICT startups and venture firms that are participating in the Korean government’s K-Global...
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Foreigners’ Market Capitalization Ratio Hits Seven-Year Low
Foreign CapitalizationForeigners’ market capitalization ratio fell to a seven-year low at the Korean stock market. As foreigners steadily sold off Korean stocks for nearly two months, breaking the...
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Ssangyong E&C Wins 300 Billion Won Subway Deal in Singapore
Another SuccessSsangyong Engineering & Construction (Ssangyong E&C) has won a subway construction project worth 305 billion won (US$252 million) in Singapore. Ssangyong, which was acquired by...
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Black Yak Unprecedentedly Wins 11 Awards at World’s Largest Sportswear Expo ISPO
Global ComplimentsBlack Yak, one of top global outdoor brands, has won 11 awards at the International Trade Show for Sports Equipment and Fashion (ISPO) Munich 2016, the largest outdoor sports business...
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Hankook Tire Unveils Concept Tires at World’s Largest Sportswear Expo ISPO
Off-road Concept TiresHankook Tire Co., , a leading global tire company, announced that it is showcasing its two off-road concept tires, created in partnership with premium outsold brand “Vibram,”...
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Operating Profit of Hyundai Motor Company Stood at 6.3 Trillion Won in 2015
Falling ProfitabilityHyundai Motor Company announced on January 26 that it sold 4,963,023 vehicles last year to post 91.9587 trillion won in sales, 6.3579 trillion won in operating profit and 6.5092...
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LG H&H Targeting Chinese Market with High-end Products
Record-Setting 2015 PerformanceIn 2015, LG Household and Healthcare (H&H), the nation's second-largest cosmetics maker, delivered the highest sales, operating profits and net profits of all time....
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KT Sponsors Fastest Winter Olympic Sport ‘Luge’
Winter Olympics SponsorKT Corporation announced that it has signed a sponsorship agreement with Korea Luge Federation at KT Gwanghwamun Building West in Sejong-no, Seoul, on January 27. Under the...
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LG Chem to Focus on New Businesses, Including ESS, Electric Vehicles
Business RestructuringLG Chem is reorganizing its new businesses in earnest through the choice and concentration strategy. The company announced that it has decided to cancel its plan to make new...
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OCI Completes 10MW Solar Power Plant in China
Solar Plant in ChinaOCI announced that it held a ribbon-cutting ceremony to mark the completion of “OCI-Hongze solar power plant” in Huai’an city, Jiangsu province of China, on January 27. It is the...
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Daiso Crowded with Consumers Seeking to Buy Xiaomi Smartphone at Price of...
Xiaomi FeverThere was a long line of waiting customers at the Jonggak store of Daiso, a Korean version of the dollar store, at noon on January. This was because customers scrambled to purchase China’s...
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World’s First Voice Recognition-based System for Remote Diabetes Management...
Remote Diabetes Management Seoul National University Bundang Hospital announced on January 27 that it kept track of 99 diabetes patients aged 60 or over for six months and found that the group managed...
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