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Essencore Unveils Premium KLEVV Semiconductor Modules
High-spec SemiconductorsEssencore, a semiconductor module subsidiary of SK C&C, has released its first premium semiconductor module brand, dubbed KLEVV.The company sells reliably overclocked...
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GS Power and GE to Cooperate in Energy Business
Global Energy CooperationGS Power has joined hands with GE, signing an MOU to form a strategic cooperation in the energy and infrastructure business sectors at home and abroad.The company announced on...
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Hanwha Chemical to Export Generic Arthritis Drug Tech to Germany
Export of Generic Drug TechHanwha Chemical is exporting the technology to make generic drugs for arthritis treatments.According to the industry on Jan. 22, Hanwha Chemical has signed a contract with...
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SKT Signs MOU with Nokia to Develop 5G Core Technologies
5G CooperationChoi Jin-sung, head of SK Telecom's ICT center, and Hossein Mooin, chief technology officer at Nokia, signed an MOU to jointly develop and demonstrate 5G technology by 2018 at Nokia’s...
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2014 Terms of Trade Best in 4 Years
Best TradeAccording to the Trade Index and Terms of Trade in December reported by the Bank of Korea on Jan. 22, last year’s net barter terms of trade index was 89.94, up 0.4 percent from 2013. This is...
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ETRI Develops Tech to Make Firewalls in Automated Control Systems
Anti-hacking TechThe Electronics and Telecommunications Research Institute (ETRI) announced on Jan. 22 that it has successfully developed a technique to make a firewall for Modbus and DNP3 that can...
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Basic Tech Developed to Manufacture Terabyte-level Nonvolatile Memory
Nonvolatile MemoryA research team consisting of Dr. Moon Chang-youn, Eom Dae-jin, and Koo Ja-yong at the Korea Research Institute of Standards and Science announced on Jan. 22 that they have...
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Executives at Large Corporations with 1+ Trillion Won Sales Get 13.3 Times...
Wide Salary DiscrepanciesThe Korea CXO Research Institute announced on Jan. 22 that the annual income of registered executives at large corporations with sales of over 1 trillion won (US$923.45...
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Hyundai Motor Raises Cash Dividends 54% from Last Year, Despite Weaker...
Profitability vs. Cash DividendHyundai Motor saw its operating profits plunge to the mid 7 trillion won (US$64.64 billion) last year, hitting a 4-year low. Even though its sales are all-time high, its...
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Hyundai Heavy Industries Aims to Localize 54% of Offshore Plant Equipment,...
Equipment LocalizationHyundai Heavy Industries has come up with a strategy to localize half of its equipment and materials in offshore plants by 2018. The localization plan has four stages, and 151...
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Grand Korea Leisure Seeks to Operate Casinos on Cruises Targeting Chinese...
Cruise CasinoGrand Korea Leisure (GKL), which runs the foreigner-only Seven Luck Casino, will begin to operate casinos on cruise ships, entering the cruise business.As the number of Chinese tourists...
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Qualcomm to Redesign Snapdragon 810 for Galaxy S6
Overheating ProblemQualcomm has reportedly decided to redesign its own application processor (AP), the Snapdragon 810, which is embroiled in an overheating controversy. Therefore, the industry is...
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Korean Government to Assist in Establishment of Internet-primary Banks with...
Internet-primary BanksThe Korean government helps establish Internet-primary banks by circumventing banking-commerce separation and classifying them into non-banking institutions.“It is not easy to...
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Implementation of Korea-China FTA Around the Corner
Concerns over BacklashThe Korean government is planning to provisionally sign the Korea-China FTA and make public the schedule of concessions this week.After the signing of the provisional contract,...
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50,000 Tizen Phone Z1s Sold 10 Days after Launch in India
Divided ResponsesSamsung Electronics has reportedly sold over 50,000 units of its first Tizen-enabled Z1 in India only 10 days after its launch. The number is higher than initially thought.Currently,...
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Korean Researchers Develop Tech to Change Sea Water into Fresh Water
Water Shortage SolutionA Korean research team has successfully developed a technique to change sea water into fresh water using nanotechnology. The method is expected to contribute to solving water...
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US, Northern Europe Better Prepared for Internet of Things Era
Advanced IoT NationsConsulting firm Accenture released its “Winning with the Industrial Internet of Things” report on Jan. 26, which shows the preparedness of 20 major countries for the Internet of...
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Size of HDTV Screens Decreasing While UHD TV Screens Increasing
TV Screen SizesWith the arrival of ultra high definition (UHD) TV, the size of TV screens has grown. However, an interesting outlook came out that the size of the existing high definition (HD) TV...
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Mobile Carriers Join Mobile Platform Businesses to Expand Scope
Mobile Platform CompetitionKorean telecoms operators are coming up with a variety of platform businesses by launching a series of hardware products and Internet services incorporating network...
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Korea Outpacing OECD Countries in Terms of Rate of Tax Increase
Tax Increase RateKorea’s per-capita tax increased by 25 percent in five years to show the fourth-highest rate of increase among OECD member countries.According to the OECD, the per-capita tax of Korea...
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