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Multimedia Messaging Service-based Mobile Fax App
Mobile Fax AppTelecommunications service provider SK Telink announced on Nov. 4 that it introduced a mobile fax app called Mobile Fax, based on Multimedia Messaging Service (MMS).People can send and...
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ETRI to Showcase New IoT Techs
Things of the InternetThe Electronics and Telecommunications Research Institute (ETRI) is going to showcase 11 Internet of Things (IoT) technologies at the IoT Korea Exhibition 2014 to be held at the...
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South Korea Ranks as 25th Best Country to Live In
Best Countries to Live InSouth Korea has been ranked as the 25th best country to live in.According to the Drudge Report on Nov. 3, South Korea ranked 25th globally in the “2014 Global Prosperity Index”...
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DSME Feels Yamal Project Delay Pains
Yamal ProjectDaewoo Shipbuilding and Marine Engineering (DSME) is having trouble with the Yamal Project, which was promoted extensively as the greatest single order in the company's history.Last month,...
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Smart Clothes Means More than Fashion Now
Smarter SuitsThanks to the convergence of fashion and IT, business suits are becoming smarter. As wearable devices like smart glasses and smart watches are emerging, smart wear products that use IT are...
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Korea, Qatar to Create Investment Fund worth US$2 Billion
Joint Fund with QatarThe Korea Investment Corporation (KIC), Korea's sovereign fund, announced on Nov. 5 that it signed a Memorandum of Understanding (MOU) with the Qatar Investment Authority (QIA) to...
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Britain's Prince Edward Visits DSME
Royal CarePrince Edward of Britain visited Daewoo Shipbuilding & Marine Engineering's (DSME) Okpo Shipyard on Nov. 2.Prince Edward, Queen Elizabeth II's youngest son, looked over the work on four...
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Samsung Electronics Outdone by Apple in Business Profit Rate
4x Less ProfitSamsung Electronics and Apple recorded business profit rates of approximately 7 percent and 27 percent in the third quarter of this year, respectively.Samsung Electronics’ profit rate...
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Hyundai Motor Company Falls to 3rd in Market Cap Rank
Tumbling DownOn Nov. 4, Hyundai Motor Company recorded an aggregate market value of 34.1429 trillion won (US$31.3 billion), to be overtaken by SK Hynix. The former’s market cap has decreased by over 8...
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Foreign Exchange Reserves Decrease for 3 Consecutive Months
Decreasing ReservesKorea's foreign exchange reserves have decreased for 3 months in a row. This is the first time since the financial crisis in 2008. Foreign exchange authorities said that the cause of...
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Application for Samsung SDS Shares Flooded from Start
20:1 CompetitionCompetition for Samsung SDS stocks before their public offering has reached as high as 20 to 1. The popularity is rather unprecedented in that such a subscription tends to be crowded on...
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Xiaomi Ranks First in Chinese Market in 3rd Quarter
Gust of XiaomiXiaomi won first place in the third quarter in the Chinese smartphone market, following the second quarter.In particular, as the gap between market shares of the front runner Xiaomi and...
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Japanese Investors Continue Buying in Korean Stock Market
Yen Carry TradeAccording to financial industry sources, the won-yen carry trade earnings rate index based on the currency values and market opportunity rate reached 191.30 on Nov. 3 and 190.87 on Nov....
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Seminar Held to Discuss Economic Integration between Two Koreas
Effects of Reunified EconomyThe Korea Institute for International Economic Policy (KIEP) held a seminar in Seoul on Nov. 5 on inter-Korean economic integration and economic cooperation in Northeast...
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Enjoy 84 Days of Excellent Shopping Chances by Theme in Korea
2015 Korea Grand SaleThe 2015 Korea Grand Sale, which aims to elevate Korea’s stance as Asia’s shopping paradise and to attract overseas tourists during the low season, will take place from Dec. 1,...
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Hanwha Life Insurance Emerges as Global Company
Global ManagementAfter successfully penetrating the Vietnamese market, Hanwha Life Insurance is actively executing its global management in China and Indonesia too.Since its entry into Vietnam in 2009,...
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Daewoo E&C Signs Agreement for Strategic Alliance with Largest Chinese Builder
Chinese Market FootholdOn Nov. 5, Daewoo Engineering & Construction (Daewoo E&C) announced that it signed a contract for a strategic alliance with China State Construction Engineering Corp...
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4 Korean Companies Included in World’s Top 100 Innovators
Global InnovatorsSamsung Electronics, LG Electronics, LS Industrial Systems and Electronics, and the Electronics and Telecommunications Research Institute (ETRI) are on the list of the Top 100 Global...
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KEPCO to Build Korean Nuclear Plant in Egypt
Egyptian Nuclear Power ProjectKorea Electric Power Corporation (KEPCO) held “Korean Nuclear Industry Roadshow” at Cairo, Egypt from Nov. 5 to 6.Korea Hydro & Nuclear Power, KEPCO Engineering &...
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Apple to Change Controller IC of NAND Flash Used in iPhone 6, iPhone 6+
ResolutionAs controversy over the functional defects of the iPhone 6+ have been growing, Apple has decided to stop its use of triple-level cell (TLC) NAND.According to industry sources on Nov. 6, the...
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