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Six Organizations Cooperate in Forming Saemanguem China Valley

Making LandA joint system was built among the Korea Trade-Investment Promotion Agency (KOTRA), Korea Agency for Saemangeum Development and Investment (KASD), the Federation of Korean Industries (FKI),...

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Kakao’s Game Mogul Says Goodbye, Leaving Mobile Game Saga Behind

Moving OnBan Seung-hwan, vice president of Kakao, has left the company. He has been in charge of the company’s game department, but has handed it over to Kakao’s Co-CEO Lee Jae-bum.Ban Seung-hwan, the...

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Obama-Otiz Selfie Sparks Controversy Over Samsung Marketing

Negative PressOn April 2, the Boston Red Sox, a Major League Baseball (MLB) team and last year’s world series winner, visited the White House, got honored by Obama President for their win, and...

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New Barometer for Finance Companies to be Created

Metric ChangeA major overhaul is expected to be conducted on the measuring basis of the Net Capital Ratio, a barometer for finance companies’ financial health.This is the first time that there has been...

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Seoul as a Center for Women and Science

Gender IssuesThe Center for Women in Science Engineering and Technology (WISET) held a “Gendered Innovation Forum” on March 26, 2014, at which a group of science attaches from embassies in Korea...

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Samsung Develops New Memory Card Lineup using 5-Proof Technology

Advanced Memory CardsSamsung Electronics announced on April 7 that it has just released a new lineup of memory cards with better performance and design to target the fast growing digital camera market,...

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SK Hynix Develops World’s First 128GB DDR4 Memory Chip

12GB DRAMSK Hynix announced on April 7 that it has developed the world’s first 20-nanometer-class 128GB DDR4 memory chip.To date, only 64GB modules have been available, but 20nm 8GB chips were utilized...

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Samsung Maintains Top Spot in Global NAND Flash Memory Market in 2013

NAND MarketLast year, Samsung Electronics maintained its position as the top-ranked NAND flash memory chipmaker in the world, helped by the exponential growth of the SSD market. According to market...

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Samsung to Wage All-out War with Apple by Creating Samsung Store

Samsung StoreSamsung Electronics is working on the establishment of its new offline stores worldwide to compete with Apple. The Korean tech giant’s decision to target the European and North American...

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Korea, Australia Sign Bilateral Free Trade Deal

Korea-Australia FTASouth Korea’s Trade, Industry and Energy Minister Yoon Sang-jick and Australia’s Trade Minister Andrew Robb signed a bilateral free trade agreement (FTA) in Seoul on April 8. The...

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Oil Refining and Chemical Firms Predicted to Come Up with Less-than-expected...

Earning ShocksMajor Korean oil and chemical companies are expected to record an earnings shock in the first quarter of this year. Securities companies forecast that oil refiners’ operating profits have...

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Korean Research Team Develops New Tech to Power Wearable Devices Using Body...

Revolution in Charging TechnologyA Korean research team has developed a new technology to power wearable devices with body temperature, with wearable devices emerging as a next-gen platform following...

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Samsung Group Changing Itself to Solidify 3rd-gen Ownership

Innovation of Corporate GovernanceThe Samsung Group is in pursuit of seamless innovation. The recent mergers between Samsung SDI and Cheil Industries, and Samsung General Chemicals and Samsung...

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Overseas Plant Orders Up 42 percent in First Quarter

Construction AbroadAccording to the data, local companies’ overseas plant order amounts have surged this year.The Ministry of Trade, Industry and Energy announced on April 7 that the first quarter...

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Disastrous Day without Windows OS; Need to Change OS Environment

Impending DisasterIn light of Microsoft (MS) ending its Windows XP support, a voice is being raised that an alternative Operating System (OS) is needed and a consensus is forming that we should no...

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Global IT Companies Moving on to Next IT Country?

Goodbye KoreaMultinational companies are expanding their support into other emerging Asian markets while reducing support for and organizations in Korea, due to Korea’s slowing IT growth.The “Exit...

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Shipping Goliaths Forming Alliance, Rocking Korean Shipbuilding

P3 AllianceA huge debate has been sparked over how the local shipbuilding industry will be changed in light of the imminent embarkation of the P3 Network. P3 is an alliance among the top three global...

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Shipbuilding Orders from Korean Shipping Firms Drying Up

Crisis of Shipping IndustryKorean shipping companies are failing to place orders for large vessels. Under the circumstances, the domestic shipping industry is expected to get more and more enervated,...

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Russian Medical Tourists Increasingly Prefer Korea

Medical TourismKorean medical institutions are striving to attract patients from Russia with the visa-free agreement in effect from this year between the two countries. Approximately 20,000 Russian...

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Blue Road Supporters Promote “Water Olympics”

Water OlympicsFifty youths pledge their support in hosting the event.Blue Road Supporters held their starting ceremony in the K-Water metropolitan area headquarters located in Gwacheon City on April 5...

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