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Shinsung Solar Energy Exports Solar Modules to Japan
Japanese Energy MarketShinsung Solar Energy (President Kim Dae-ryong) announced on Sept. 29 that it signed a photovoltaic module supply contract with Hayashimoto, a Japanese construction company. The...
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Sporting Goods Makers’ Exaggerating Ads Exposed
Exaggerated AdsClass action suits worth hundreds of billions of won are expected to be filed against sporting goods makers like Reebok and New Balance. YMCA Seoul announced on Sept. 29 that it has been...
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FILA Supports Dutch Skating Team
Global Sports BrandFILA Korea announced on Sept. 30 that it signed a sponsorship contract with the Dutch Skating Federation (KNSB) to support the national skating teams of the Netherlands. According to...
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Korean Air Calls for Fair Punishment of Asiana Airlines
Requesting FairnessThe labor union of Korean Air announced on Sept. 30 that it has submitted a petition to the Ministry of Land, Infrastructure and Transport calling for a prompt administrative measure...
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KCC Releases Zero-formaldehyde Insulation Material
Innovative MaterialKCC (CEO Chung Mong-ik) released KCC Nature Glass Wool based on a natural binder that it developed for the first time in Korea. The inorganic heat insulation material is...
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Korean Research Team Develops Tech to Produce Flexible Paper Lithium-ion...
Paper PowerA Korean research team has successfully developed a method to make paper lithium-ion batteries.On Sept. 30, the Korea Forest Research Institute (KFRI) announced that its research team...
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Hyundai Motor Finishes Wage Negotiations This Year
100 Million EraHyundai Motor Company wrapped up its wage negotiations for this year with its labor union to become the first Korean manufacturer paying an average of 100 million won a year to its...
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Cheil Industries Develops Suits to Control Smartphones
Smart SuitCutting-edge business suits that can automatically send name cards and switch on manner mode for smartphones placed in their pockets are now a reality. “We will try hard to open a new chapter...
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Semiconductors Re-emerge as Pillar of Hope for Samsung Electronics
Samsung SaviorSamsung Electronics’ mobile business, the top contributor for the stellar sales growth of the company in the past, is expected to see a dramatic drop in its operating profits stemming...
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Large-scale Restructuring on Horizon for SK Group
SK RestructuringThe SK Group is about to launch a large-scale restructuring program in its subsidiaries including SK Innovation and SK Telecom. Experts say that this is to slim down the organization...
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LG U+ to Release World's First Quad-core UHD IPTV
4-way, 1-clickLG U+ unveiled the world's first quad-core UHD set-top box and U+tv G4K UHD service that provides UHD broadcasting and four major services at a press event at the Nine Tree Convention...
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Foreign IT Giants Eye Korean Financial Service Market
e-Financial MarketBarriers are disappearing in the financial service industry. Internet firm Tencent and e-Commerce company Alibaba are moving into the banking business, and global IT powerhouses such...
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Samsung Launches Mobile NFC Payment Service via UnionPay in China
Chinese Mobile PaymentsSamsung Electronics announced on Oct. 2 that it has launched a mobile payment service in China using NFC in partnership with UnionPay. During its Galaxy Note 4 Unpacked event in...
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Korea Tourism Organization Provides Integrated Medical Tourism Platform
Medical TourismThe Korea Tourism Organization announced on Oct. 1 that it has established “VISIT Medical Korea,” an integrated medical tourism platform, at www.visitmedicalkorea.com so as to provide...
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Korea Has World's Second Fastest Average Peak Connection Speed
Peak Connection SpeedAccording to the State of the Internet Report for the second quarter released by Cloud service provider Akamai Technologies on Oct. 2, South Korea' average peak connection speed...
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Hyundai Motor to Provide 3,000 Cars for Taxies in Singapore Next Year
Taxis in SingaporeHyundai Motor will start supplying 3,000 i40 diesel taxies in Singapore next year through partnership with ComfortDelGro Group, the biggest transportation company in Singapore....
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How Strong Is Galaxy Note 4?
Feats of StrengthWith Apple's iPhone 6 caught up in “bendgate,” Samsung Electronics is drawing a lot of attention with its official bend test video showing that the Galaxy Note 4 is strong.Samsung...
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Korean Brokerage Firms Only Advised Selling 3 Times in Past 48,762 Analysis...
Biased ReportingAccording to the Financial Supervisory Service, the 10 major securities firms in Korea released a total of 48,762 analysis reports between 2011 and July this year. However, only three...
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Hyundai Cars Top the List of Suspected Cases of Sudden Unintended Acceleration
Sudden Unintended AccelerationA total of 417 accidents assumed to have to do with sudden unintended acceleration (SUA) were reported in Korea between 2010 and August of this year. By year, the number...
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Seoul Approves Partial Temporary Opening of New Lotte World
Conditional OpeningOn Oct. 2, Seoul City decided to temporarily open the lower part of the nation’s tallest 123 storey-high New Lotte World Tower conditionally. The city government has delayed the...
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