Clik here to view.
Korea’s Securities Industry Lagging behind Advanced Economies
Securities CompetitivenessThe domestic financial investment sector is increasingly calling for deregulation and efficient regulations with returns on assets continuing to fall due to rapid aging and...
View ArticleClik here to view.
Korean Steelmakers in Deep Trouble
Squeezed StanceKorean steel manufacturers are struggling in both the domestic and overseas markets. Cheap Chinese products are increasing their share in the Korean market while various trade...
View ArticleClik here to view.
Korean Manufacturing Companies Rapidly Losing Growth Potential
Manufacturing CrisisLG Economic Research Institute analyst Lee Han-duk released a report on Oct. 21, pointing out that Korean manufacturers are losing steam at a rapid pace to the point of falling...
View ArticleClik here to view.
Coffee Imports Expected to Hit Record High This Year
Korean Coffee AddictionAccording to the export and import statistics released by the Korea Customs Service on Oct. 21, imports of low coffees and coffee beans from January to September this year...
View ArticleClik here to view.
Korean Manufacturing Industry Crisis Should be Overcome by Digitalization
Message of HopeSiemens Chairman Joe Kaeser, who is currently visiting Seoul, appraised Korea as a model country, which has been optimized for the era of the “fourth industrial revolution” or “industry...
View ArticleClik here to view.
President Park Expresses Concern over US Anti-dumping Duties on Oil Country...
Anti-dumping DutiesPresident Park Geun-hye greeted U.S. Secretary of Commerce Penny Pritzker in the Blue House on Oct. 22.President Park remarked, “Korea and the U.S. are cooperating in G-20 summits...
View ArticleClik here to view.
Bitcoin Conference Scheduled for December in Korea
Inside BitcoinsInside Bitcoins Conference & Expo 2014 will take place on Dec. 12 and 13 at the KINTEX Convention Center located in Ilsan, Gyeonggi Province. Co-hosted by MecklerMedia and KINTEX,...
View ArticleClik here to view.
Korea Aerospace Industries Delivers Aircraft to Peru
Aircraft ShipmentKorea Aerospace Industries (KAI) has sent two KT-1P Woongbi military training aircraft, the first of a bath of 20, to Peru. Their arrival on Oct. 21 (local time) was met with much...
View ArticleClik here to view.
Amore Pacific’s Sulwhasoo Highly Sought after by Chinese Women
Korean CosmeticsAmore Pacific announced on Oct. 22 that its Oriental cosmetics brand Sulwhasoo topped the Cosmetics for Women segment of this year’s People.cn survey, showing that Chinese consumers...
View ArticleClik here to view.
Joint Research Team Develops Power-generating Smart Window Using Light
Smart WindowsAn international joint research team has succeeded in developing a new technology to make a smart window that can automatically block light at night and becomes transparent in the morning...
View ArticleClik here to view.
Samsung Accelerates Building of Combined IT-Banking Platform
IT-Finance ConvergenceSamsung Electronics is gearing up to unveil a mobile money transfer service in the local market, following a mobile payment service. Samsung's move can be interpreted as a...
View ArticleClik here to view.
Big Data Can Address Korea’s Aging Problem
Big Data Contribution“Problems such as the rapidly-aging population and population decrease are ahead of Korea, but the solutions lie in big data and Internet of Everything,” said Cisco System’s...
View ArticleClik here to view.
Major Industries of Korea Face Even Greater Difficulties
Major Korean IndustriesAccording to the Federation of Korean Industries (FKI), most key industries of Korea are likely to continue struggling next year due to China’s rapid growth, the weak yen, and...
View ArticleClik here to view.
Imported Car Owners in Korea Leaving Diesel
Taste ChangeThe Korean diesel cars released this year are outperforming market expectations, while the ratio of gasoline vehicles is rising again in the imported car market.A total of 17,027 imported...
View ArticleClik here to view.
Export-Import Bank of Korea Incurs Huge Losses from Fund Investment
Misappropriated Development FundsThe natural resources development funds raised by the former Lee Myung-bak administration and invested by the Export-Import Bank of Korea are recording losses of no...
View ArticleClik here to view.
Former VP Cho Hyeon-mun Implicates His Brother Cho Hyeon-jun, CEO of Hyosung
Sibling SquabblesFormer Vice President of Hyosung Cho Hyeon-mun, the second son of Hyosung Group Chairman Cho Seok-rae, reported his brother Cho Hyeon-jin to the Seoul District Prosecutors' Office on...
View ArticleClik here to view.
Korean Research Team Develops Tech to Make Biodegradable Plastics from CO2
Biodegradable PlasticsThe Ministry of Science, ICT and Future Planning (MSIP) announced on Oct. 23 that a research team led by Lee Boon-yeol from Ajou University successfully developed a technique to...
View ArticleClik here to view.
Samsung Accelerates Efforts to Wean Itself from Chinese Market
DesinicizationWith the competitive landscape for smartphones changing from the premium to the low-end market, Samsung Electronics is stepping up its efforts to lessen its heavy reliance on the Chinese...
View ArticleClik here to view.
Foreign Workers with “Korean Dream” Suffer from Low Salary, Long Work Hours
Suffering for Korean DreamForeigners who get a job in Korea with the hope of the “Korean dream” are working in poor conditions with low salaries, long working hours, and a short service...
View ArticleClik here to view.
Korea Ranks 13th in Amount of Global Net Fund Assets
Global FundsThe Korea Financial Investment Association announced on Oct. 23 that global net fund assets increased by US$1.2 trillion between the first and second quarters of this year to reach a new...
View Article