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World’s First Braille Smartwatch to Debut at MWC 2016
Braille SmartwatchThe world’s first braille smartwatch, developed by a Korean start-up, will make its debut at the upcoming Mobile World Congress (MWC) 2016, the telecom industry’s largest gathering in...
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Samsung Engineering Attracts 2 Trillion Won for 0.1% of Forfeited Shares
Success in Money CollectionNearly 2 trillion won (US$1.65 billion) of money have flooded into 0.1 percent of the forfeited shares of the paid-in capital increase from Samsung Engineering. Competition...
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SK Group Seeks to Nurture Global Leading Semiconductor Materials Business
Another ChallengeSK Group has taken on “daring challenges” in semiconductor business once again.SK Holdings, which acquired OCI Materials last November, has changed the new affiliate's name to SK...
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LG U+ Succeeds in Commercializing Tech to Raise Speeds of Tri-band LTE-A
21 Seconds for 1GB Movie LG U+, the nation's smallest mobile carrier, announced on Feb. 16 that it will commercialize a technology, which increases the speed of tri-band LTE-A by 33 percent, for the...
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Bank of Korea Froze Key Interest Rate for Eighth Consecutive Month
Key Rate FreezingBank of Korea froze the key interest rate at 1.5% a year on February 16. Despite the maintenance of the same rate for the eighth consecutive month, a Monetary Policy Committee member...
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Air Transport Getting More Common in Trades between Korea and China
Need for Quick Delivery The Korea International Trade Association said on February 16 that air transport accounted for 34.9% and 29.8% of Korea’s export and import amounts with respect to China between...
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Korean Government to Nurture Born-global Startups
Internationalization of Korean startups The Korean government and startups in Korea decided to work together so that more foreigners can find their jobs in the Korean startups. The idea is to develop...
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Hyundai Motor Group’s Market Share in Europe Climbed Back to 6% Last Month
Faring WellIt has been found that the Hyundai Motor Group sold a total of 65,462 vehicles, up 10.7% from a year ago, in Europe last month. Hyundai Motor Company increased its sales volume by 9.1% to...
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Samsung Group Rumored to Want to Sell Off Cheil Communications for ‘Choice...
Change in Succession Picture The Samsung Group is going ahead with the overseas sell-off of its advertisement arm, Cheil Communications. This sell-off is the third of its kind after the sell-off of its...
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Chungbuk Creative Economy Center to Nurture Over 150 Venture Firms This Year
Venture PromotionThe Chungbuk Center for Creative Economy & Innovation, sponsored by the LG Group, nurtured 101 venture firms last year to help them record a sales growth of 35% and create 154...
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Outdoor Brand ‘Mountia’ Opens 3rd Store in Bali, Indonesia
Outdoor Shop in BaliMountia, an outdoor brand owned by Dongjin Leisure Co., has opened its store in Bali, the most popular destination for both adventurers and those in need of a little relaxation in...
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Second Prior Test for Pyeongchang Winter Olympics to Take Place
Prior Test GamesThe Gangwon Provincial Government completed the Jeongseon Alpine Ski Competition, the first test for the 2018 Pyeongchang Winter Olympics, on February 7 and finished preparations for...
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Parliament Members of Sweden Visited the Samsung C&T Raemian Gallery
Learning Housing PolicySamsung C&T announced on February 17 that 11 members of the Swedish Parliament’s Committee on Civil Affairs and Swedish ambassador to the Republic of Korea Ann Höglund...
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Hanwha Q CELLS to Supply Photovoltaic Modules to Japanese Company
Solar Power Sales in JapanHanwha Q CELLS signed a photovoltaic module supply contract with Saga-Ouchi Mega Solar, which is a joint venture of Itochu Corporation and Kyudenko. The amount of supply is...
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Inside 3D Printing Conference & Expo 2016 to Take Place at KINTEX
3D Printing ConferenceThe Inside 3D Printing Conference & Expo 2016, the largest professional 3D printing and additive manufacturing event worldwide, will take place at the Korea International...
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SK Innovation to Supply EV Batteries to Mercedes-Benz
First Battery for Mercedes EVSK Innovation’s batteries will be used in Mercedes-Benz’s first electric vehicle (EV) model.The company said on Feb. 17 that it has signed a contract with Daimler, a...
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DSME Wins Order to Upgrade LNG Carrier to FSU
LNG-FSUSouth Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), which has the world’s best technology to build liquefied natural gas (LNG) carriers, will acquire experience that...
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Samsung Electronics to Strengthen Leadership in VR Market
Next ICT Growth Engine Samsung Electronics has set to strengthen its leadership in the virtual reality (VR) market, which is rapidly emerging as a growth engine in the global information and...
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Government Wants New Industries to Make Up for Drop in Korea’s Exports
New Export Engines The Korean government held the Ninth Trade and Investment Promotion Meeting on February 17.The Ministry of Industry, Trade and Resources reported a plan to promote the private...
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‘Visit Korea’ Committee Launches ‘K-Smile Campaign’ for Foreign Tourists
Visit Korea YearTo celebrate the country’s tourism promotional events, such as the “2016-2018, Visit Korea Year” and the Korea Grand Sale, the largest shopping festival which runs for 29 days from Feb....
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