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Thursday, March 23, 2017

Insight

Samsung changed the name of Samsung Creative Economy Complex in Daegu to Samsung Creative Campus in February this year.
Fading into History
17 March 2017 - 11:00am
As President Park Geun-hye was forced out of office due to the Choi Soon-sil Gate that triggered her impeachment, “creative economy,” one of the key policies promoted by former President Park Geun-...
Most of the foreign workers in South Korea are non-professionals unlike its original expectations.
Policy for Foreign Workers
15 March 2017 - 12:30pm
The initial purpose of the South Korean government’s policy for the employment of foreign workers was to respond to a decline in working age population resulting from low fertility and rapid aging....
Product for Foreigners
14 March 2017 - 11:30am
KB Kookmin Bank announced on March 13 that it released the KB Welcome Plus Installment Savings, a foreigners-only installment savings account. This product is available on a real-name basis and one...
The Federation of Korean Industries (FKI) is a part of the collusive links between S. Korean conglomerates and political circles.
Collusive Links Broken?
13 March 2017 - 11:00am
The Constitutional Court of South Korea mentioned South Korean conglomerates’ donations to the Mir and K-Sports Foundations as a reason for the impeachment of President Park Geun-hye. Under the...
A view of High-pass system at the Namhae Expressway-West Busan Tollgate.
More Convenient Highway
9 March 2017 - 12:30pm
Korea Expressway Corporation announced on March 7 that it is expanding the traffic capacity at the interchanges to support the Winter Olympic Games in 2018 as the amount of traffic at Daegwallyeong...
The front view of the CJ Group headquarters / Samsung Group Chairman Lee Kun-hee
Video Scandal
8 March 2017 - 12:30pm
The prosecution announced on March 7 that it arrested a man on charges of orchestrating the recording of a lurid video involving Samsung Electronics Co. Chairman Lee Kun-hee. He was a former employee...
Lotte Group chairman Shin Dong-bin (right) and SK Group chairman Chey Tae-won (left) are swearing at the National Assembly’s hearings on Dec.6, 2016 in relation with the Choi Soon-sil scandal.
Tycoons Freed from Travel Ban
8 March 2017 - 12:00pm
Overseas travel bans will be lifted probably next week for Lotte Group chairman Shin Dong-bin and SK Group chairman Chey Tae-won who were investigated over the Choi Soon-sil scandal. "At present,...
More than 20% of the combined sales of the four largest conglomerates in S. Korea will be directly or indirectly affected by China’s trade retaliations following THAAD deployment in S. Korea.
Trade Pressure from China
7 March 2017 - 11:00am
It is predicted that more than 20% of the combined sales of the four largest conglomerates in South Korea will be directly or indirectly affected by China’s trade retaliations following THAAD...
South Korea’s trade and industry minister asked the China’s Ministry of Commerce to protect Korean companies investing in China from the political repercussions via the Chinese Embassy in Seoul.
Appeal to Discriminations
6 March 2017 - 2:45pm
The Ministry of Trade, Industry & Energy of South Korea holds a task force meeting on March 7 in order to minimize the negative effect of China’s trade retaliation following the South Korean...
There was a physical fight between Vietnamese guard and workers after lunch at a Samsung Display plant construction site in the Yen Phong Industrial Park in Vietnam.
Bloody Clash in Vietnamese Factory
2 March 2017 - 2:15pm
Samsung Electronics said on March 1 that reports about bloody uprising at a Samsung construction site in Vietnam are totally not true. Some news outlets said at the evening news on Feb. 28, “A...
Nam Yoo-chin, mayor of Gumi.
Global Economic Mission
27 February 2017 - 7:30pm
The Gumi Economic Mission to the US headed by Nam Yoo-chin, mayor of Gumi, is stepping up its efforts to expand its global value chain. The economic mission which traveled to Silicon Valley and...
The Top Brand PV Seal 2017 won by Hanwha Q CELLS.
Top Brand in Solar Sector
17 February 2017 - 11:45am
Hanwha Q CELLS Co., one of the world´s largest producer of solar modules with high quality in-house solar cells, has been awarded the "Top Brand PV Seal 2017" from EuPD Research for the fourth time...

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