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LG U+ to Export Smart Car Solution Overseas
Connecting Cars AbroadLG U+ has entered the global market of the Internet of Things (IoT) and Connected Cars. The company is exporting the service overseas, too, in collaboration with a small domestic...
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KT to Introduce Future of 5G at MWC 2015
Innovative 5G TechKT will run an exhibition hall with the theme of “Life Innovation by 5G” at the world's largest smartphone show, Mobile World Congress 2015 (MWC 2015). The MWC 2015 will be held in...
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Average Foreign Exchange Trade Per Day Sank to US$44.4 billion Last Year,...
Foreign Exchange TradeThe foreign exchange trade by foreign exchange banks last year decreased to the lowest amount in four years.The Bank of Korea (BOK) said on Feb. 23 that the annual amount of...
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Will Security Controversy over Chinese IT Equipment Reignite?
Lenovo MattersSuspicions have persisted for several years about whether or not Chinese IT equipment is spying on its buyers. The industry is paying attention to whether or not Lenovo's recent move will...
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Galaxy S6 to Use FPCB Antennas
Advanced AntennasAccording to industry sources on Feb. 22, Samsung Electronics chose Flexible Printed Circuit Board (FPCB) antennas to be used for the Galaxy S6. FPCB antennas have only been used as...
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Korea Forges Partnership with China for 5G standards
5G StandardizationThe Ministry of Science, ICT and Future Planning (MSIP) will start a joint study with its Chinese counterpart in the first half of this year to set a global standard for 5G mobile...
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IT Enterprises to Announce Independence from Google's Android Wear at MWC 2015
Wearable OS CompetitionGlobal IT companies are likely to announce at MWC 2015 that they will wean themselves off from on Google's Android Wear, a wearable version of Google's Android operating system...
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Lotte Group Propels Acquisition of WDF
European AcquisitionSouth Korea's Lotte Group said it will submit a proposal to acquire the World Duty Free S.p.A. (WDF), the sixth-largest duty free business globally. The WDF is the holding company...
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Park Geun-hye Wants Help in Sponsoring Olympics, Recreating Renaissance
Leadership LuncheonPresident Park Geun-hye invited South Korea's top business leaders to Cheongwadae, or the Blue House, for a luncheon earlier today to encourage them to more actively sponsor the...
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LG G Flex 2 True Flexible Threat to Galaxy S6, iPhone?
Powerful GutsLG will introduce its new curved flagship model, the LG G Flex 2, with a 5.5 inch curved display. One of the first smartphones with a curved design and a self-healing case is already...
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LG U+ to Expand LTE Live Broadcasting Services for Disaster Control to B2B...
Live LTE BroadcastingOn Feb. 24, LG U+ demonstrated an LTE-based multilateral video control system dubbed "LTE Video Network Control” (VNC) at the company’s office in Sangam-dong, Seoul.Based on the 2x...
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Smartphone Design Most Important Factor for Users
Most Important FactorDesign is the most important factor that smartphone users consider when buying smartphones.According to the 2014 Final Report of Research on Actual Status of Mobile Internet Usage...
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Pre-installing Google Wallet Latest Move in Cutthroat Mobile Payment Wars
Fighting for Mobile Payment FutureGoogle is mounting a serious challenge to Apple and Samsung Electronics in the global mobile payment market. The search engine giant launched Google Pay before Apple...
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President of Senegal Appreciates Korea’s Economic Development Cooperation Fund
Senegal AssistanceSenegalese President Macky Sall expressed his appreciation of Korea’s help in building ships through the Economic Development Cooperation Fund (EDCF) at a ship-launching ceremony held...
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KAIST Develops New Air Pollution Measurement Sensor
Micro SensorsThe Korea Advanced Institute of Science and Technology (KAIST) announced on Feb. 24 that mechanical engineering professor Park In-kyu and his research team succeeded in developing a novel...
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Regulations in MRO Sector Backfiring
Regulatory IronyOffice Depot, one of Fortune's Global 500 companies, signed a Maintenance, Repair, and Operations (MRO) contract with the Public Procurement Service in 2012. Although the contract was a...
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Chinese Manufacturers’ LCD Panel Supply and Market Share on Rapid Increase
China’s Fierce ChaseChinese manufacturers are increasing their LCD panel supply and global market share in the industry on the back of the government’s support and consistent manufacturing facility...
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NPS Opposed to Deputy Prime Minister’s Policy for Greater Dividend Payments
Opposing Gov’t PolicyThe Ministry of Health & Welfare and the National Pension Service (NPS) are baffled by the policy of the Ministry of Strategy & Finance for greater dividend payment by...
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Mobile Game Developers Paying Most Profits to Platform Providers like Google
Sucked into GoogleKorean mobile game developers’ payments for the use of the application markets of Google, Kakao Talk, and the like often exceeds their operating profits. This reduces the resources...
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Development of Yungjin Pharm.’s COPD Treatment Aided by Gov't Support
Gov't Sponsored DrugYungjin Pharmaceutical’s next-generation oral treatment for chronic obstructive pulmonary disease (COPD), YPL-001, has been selected as a new cross-governmental drug development...
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