Clik here to view.
Korea’s Imported Car Sales Jump up 31.2% from a Year Ago
Feb Import Car SalesImported car sales in Korea jumped over 30 percent in February from a year ago, reconfirming its explosive growth. But it fell over 6 percent compared with the month before....
View ArticleClik here to view.
Korean Companies Turning to Mergers for Survival
Survival StrategyMore and more listed companies in Korea are going for mergers for the purpose of business restructuring and reorganization. Mergers are increasingly considered as a new growth strategy...
View ArticleClik here to view.
KEPCO Builds Gas Combined Cycle Power Station in Mexico for 25-year...
Power Station in MexicoThe Korea Electric Power Corporation (KEPCO) held a ribbon-cutting ceremony for its 433 MW-capacity North II Gas Combined Cycle Power Plant in Chihuahua, Mexico on March 4. The...
View ArticleClik here to view.
Samsung Electronics Chairman Lee Kun-hee Tops Dividend Income List for 2013
Dividend IncomeSamsung Electronics Chairman Lee Kun-hee was the person with the greatest dividends from the sales activities of Korean companies as of the end of the fiscal year of 2013. Hong La-hee,...
View ArticleClik here to view.
Bank Foreign Currency Deposits Hit Record High in Feb.
Foreign Currency DepositsSEOUL, March 7 (Yonhap) – Foreign currency deposits in South Korean banks rose to a record high in February on increased export earnings, the central bank said...
View ArticleClik here to view.
TSP Makers Exposed to Harsher Competition Conditions
Touch Screen IndustryCompetition among touch screen panel (TSP) manufacturers is showing signs of heating up, as more and more companies from not just Korea but also China jump into the market this...
View ArticleClik here to view.
Apple Loses Lawsuit to Ban Sales of Samsung Devices in US
Apple’s Request DismissedSEOUL, March 7 (Yonhap) – A US district court on Thursday (local time) dismissed Apple Inc.’s request to ban sales of rival Samsung Electronics Co.’s smart devices, a ruling...
View ArticleClik here to view.
Will Korean TPP Participation Be Accelerated with FTA with Canada?
Korea-Canada FTAIt is expected that the free trade deal between Korea and Canada will be concluded next week after a long delay. At present, the Canadian government is collecting opinions on the major...
View ArticleClik here to view.
Korean Government to Invest 4.9 Trillion won into ICT in 2014
ICT InvestmentSEOUL, March 9 (Yonhap) – The government will spend 4.9 trillion won (US$4.6 billion) this year on the national information technology strategy that aims to enhance South Korea’s overall...
View ArticleClik here to view.
Washington Post Runs Article about Korean Soap Operas
Heavy Cultural Blow to ChinaThe Washington Post (WP) published an article about the SBS Drama “My Love From The Stars,” which ended in Feb. In particular, the influential newspaper focused on cultural...
View ArticleClik here to view.
Samsung, Apple both Boosted Spending on Lobbyists Last Year
Lobbying ExpendituresSamsung Electronics and Apple, which are waging a patent war over smartphones and tablet PCs, reportedly intensified their lobbying activities to influence the US Federal...
View ArticleClik here to view.
Nokia-merged Microsoft Likely to Use Dominant Position in Patents
Threat of MicrosoftKorean electronics manufacturers and the authorities concerned respond to Microsoft, which has recently acquired Nokia, in order to provide against its dominant position in the...
View ArticleClik here to view.
S. Korea Branch of George Mason University Opens in Songdo
American Uni in KoreaSEJONG, March 10 (Yonhap) – The local branch of an American university opened in one of South Korea’s Free Economic Zones (FEZ) Monday, offering management and economics...
View ArticleClik here to view.
National Pension System Distinguishing Itself with High Return on Assets
Pension FundIt has been found that the five-year return on assets of the National Pension System (NPS) is the second-highest among the public pension funds of OECD member countries. NPS Junior Research...
View ArticleClik here to view.
Samsung Electronics Applied for Greatest Number of Patents in Europe for Two...
Patent Applications in EuropeThe online edition of the Financial Times reported on March 7 that Samsung Electronics applied for more patents in Europe than any other smartphone manufacturers for a...
View ArticleClik here to view.
Ssangyong Moves to Change Name Ahead of Car Launch, Overseas Expansion
Corporate Name ChangeMarch 10 (Yonhap) – Ssangyong Motor Co., South Korea’s fourth-largest carmaker, is in the early stages of moving to change its name as it starts to refresh its vehicle lineup for...
View ArticleClik here to view.
Korea’s ICT Exports, Trade Surplus Grow in Feb
Feb ICT ExportsSEJONG, March 10 (Yonhap) – South Korea’s exports of information communication technology (ICT) products grew in Feb. from a year earlier, together with its trade surplus in the sector,...
View ArticleClik here to view.
Alternative Energy and Healthcare Sectors Drawing Foreign Fund Investors’...
Overseas Fund InvestmentKorean asset management firms are showing high profit rates in the alternative energy and healthcare sectors abroad. They have made their investment in these fields since late...
View ArticleClik here to view.
President Park Urges Each Region to Be Principled in Propelling Regional...
Regional DevelopmentKorea’s regional municipalities shall be the main agent for drawing up and driving their own regional development plans.President Park Geun-hye said on March 12 at an investment...
View ArticleClik here to view.
Failure of Abenomics Leads Korea to Surpass Japan in Per Capita Income by 2020
Per Capita CompetitionA recent analysis shows that failure of “Abenomics,” the economic policy led by Japanese Prime Minister Shinzo Abe, will result in the reversion of the per capita incomes of Korea...
View Article