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Korea Gas Corporation Plans to Profit through Exports of Plant Technology
Plant Technology ExportThe Korea Gas Corporation (KOGAS) is planning to make profits abroad by exporting its technologies of gas pipelines and production facilities that the company has developed for...
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Domestic, Foreign Sales of Five Domestic Carmakers Decreased 3.4% in January
Sluggish PerformanceAccording to the automobile industry on Feb. 2, January domestic and overseas sales of the five domestic automobile companies, which are Hyundai Motor, Kia Motors, GM Korea, Renault...
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Head of Korea’s Financial Regulator Stresses Security in Financial Technology
Fintech's First PriorityChairman Shin Jae-yoon of the Financial Services Commission stressed that it is necessary to strengthen security in line with the convergence of IT with the financial industry....
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Samsung Expected to Lead AP Production by Supplying to Qualcomm, Apple
Leading AP ProductionSamsung Electronics' microprocessor business is likely to grow this year, helped by the increased production of semiconductor chipsets using the latest production process. As the...
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Tech Developed to Double Efficiency of Nanowire Solar Cells by Coating...
Fuel Cell EfficiencyA Korean research team has successfully developed a tech to coat a dielectric material that can cheaply double the efficiency of silicon nanowire solar cells. Kim Sun-kyung,...
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National Pension Service Sells KT Shares to Buy SKT
More AttractiveThe National Pension Service (NPS) announced on Jan. 8 that it purchased a large quantity of SK Telecom shares late last year. The NPS owned 6.10 percent of SK Telecom shares as of...
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Korea Records First Surplus in Auto Parts Trade with Japan
Turning AroundThe Korea Trade-Investment Promotion Agency (KOTRA) announced on Feb. 2 that Korea recorded a surplus of US$23 million in its auto parts trade with Japan last year, the first time in...
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French Total Intervening in Hanwha-Samsung Groups' Big Deal
Another VariableOn Jan. 15, 650 members of the Samsung Total labor union staged a rally at the Daesan Plant located in South Chungcheong Province in opposition to the Hanwha Group’s acquisition of...
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Which Will be the Archrival of Hyundai Motor, BMW or Google?
Future Trends of Digital BusinessGartner Vice President Brian Prentice made a presentation on changes to come in the fields of the Internet of Things (IoT), cloud computing, and big data on Feb. 2. At...
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143 e-Government Systems to Adopt Cloud Computing This Year
National IT SystemsThe Government Integrated Data Center (GIDC), commemorating its 10th anniversary this year, is preparing for the next 10 years by adopting advanced information technology including...
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South Korea Not Free from Deflation Risks
Consecutive <1% InflationKorea recorded a year-on-year consumer price increase of 0.8 percent last month, as in December last year. The month-on-month increase was 0.5 percent. The year-on-year...
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Korea Planning to Export FA-50 Light Fighter to Peru
Matériel Export“We are looking to export 24 FA-50s to Peru at a combined price of approximately US$1 billion, and we will submit bidding documents this month to participate in the Peruvian government’s...
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Will Galaxy S6 Feature Mobile Payment Service Samsung Pay?
Samsung PayAmid intense competition to dominate the financial technology (fintech) market, Samsung Electronics is receiving a lot of attention. The company is scheduled to introduce its own mobile...
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Computers Can Now Imagine Narration, Dialogue Based on Video
Imaginative GenerationA Korean research team announced on Feb. 3 that they have successfully developed an imaginative computer program that can acquire information contained in videos and make up words...
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Tech Developed to Make Ultralight Wild Animal-tracking Device
Animal Tracking DeviceA local research team has successfully developed an ultralight global positioning device to track the migration routes of small birds suspected of spreading avian influenza...
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Smart Watch Makers to Wage All-out War to Dominate Market
Strategies of All SortsAs the smart watch market is expected to be explode this year, major smart watch manufacturers are actively targeting the market with unique functions and designs.According to...
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Korea Institute of Materials Science Develops Improved Turbocharger Wheel
TiAl AlloyThe Korea Institute of Materials Science announced on Feb. 2 that its research team headed by professors Kim Seung-eon, Na Young-sang, and Kim Sung-woong has developed an improved...
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Korea Takes Lion’s Share of Chinese Import Market for Second Consecutive Year
Strong Presence in ChinaAccording to the General Administration of Customs of China, China’s imports added up to US$1.9631 trillion last year and Korean products accounted for 9.7 percent of it,...
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Korea Slow to Prepare for Internet of Things
IoT PreparationKorea has been analyzed not to be in the top ten list among the major countries in terms of the preparation for the Internet of Things (IoT).According to the National Information Society...
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Korean Gov't to Tax Google, Facebook Like Domestic Companies
Google TaxKorea is moving to impose taxes on foreign ICT giants such as Google, Apple, and Facebook. To this end, Ruling Saenuri Party lawmaker Hong Ji-man tabled revisions to the Income Tax Act and...
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