National | BusinessKorea

Sunday, February 25, 2018


The Federation of Korean Industries holds the Special Committee on Creative Economy on July 10 to analyze the government’s creative economy policy.
Budget for Creative Economy
30 September 2013 - 5:20pm
The Ministry of Science, ICT and Future Planning (MSIP)’s budget for next year for the pursuit of a creative economy is 13.5746 trillion won (US$12.6117 billion).  Funding for a creative economy,...
SK Group Chairman Chey Tae-won (left) and Vice-Chairman Chey Jae-woo (right) hang their heads in shame after being sentenced to prison for embezzlement.
SK Family Catastrophe
30 September 2013 - 3:12pm
An appeals court upheld the four-year prison term imposed by a lower court for embezzling nearly 50 billion won (US$46.7 million) of company funds from group affiliates to make personal investments...
Bird’s-eye artist’s interpretation of Seoul’s hybrid thermal power plant.
Korea Midland Power
30 September 2013 - 3:00pm
On September 27, Korea Midland Power (KOMIPO) held a ground-breaking ceremony for the construction of Seoul’s first thermal power plant. 1.0181 trillion won (US$947 million) will go into the...
The world's first Louis Vuitton airport store at Incheon Airport.
Louis Vuitton
30 September 2013 - 11:26am
The world’s first Louis Vuitton airport store, which opened at Incheon two years ago, is losing its prestige. The French luxury brand is witnessing a continuing decline in sales due to its waning...
KORAD CEO Song Myung-jae and others take photos after the announcement of new name and CI on August 14.
Korea Radioactive Waste Agency
27 September 2013 - 3:41pm
On August 14, the Korea Radioactive Waste Agency (KORAD) held an announcement ceremony of its new agency name and CI under the slogan, “KORAD considers humanity's coexistence with nature.” The name...
Future of Internet
27 September 2013 - 1:53pm
“The past 30 years was like a warm-up in the Internet industry, and the upcoming change will be much more drastic than what we saw during the period. Korea is standing at a critical juncture before...
From left to right: Commissioner Young-min Kim, Deputy Director Teresa Stanek Rea, President Benoît Battistelli, Commissioner Hideo Hato, and Deputy Commissioner He Hua take a photo in Geneva Intercontinental Hotel on September 23.
Patent Highway
26 September 2013 - 2:10pm
Beginning next year, obtaining patents in the US, China, Japan, and the EU will be much faster. KIPO announced on September 24 that KIPO Commissioner Young-min Kim made agreement to implement the IP5...
There are a plethora of social networking environments now.
Social Networking Services
26 September 2013 - 10:46am
Global corporations such as Amazon are nurturing social networking service (SNS) experts in Korea.   According to industry sources, the industry-academic council to be launched by the Korea Social...
Damage Suit
25 September 2013 - 5:07pm
A major Korean law firm is looking into suing Boeing and the US federal government for damages on behalf of the Korean victims in the Asiana crash. “The landing accident and the exacerbation of...
The Boeing F-15 SE Silent Eagle has been rejected as Korea's next-generation fighter jet.
Korea’s FX-III Project
25 September 2013 - 3:13pm
Korea’s F-X Phase 3 project, the largest-ever procurement program for the Air Force, will be reviewed all over again. Controversy over the vacuum of in-combat capabilities caused by the replacement...
Model Industrial Complex factories in Kaesong (Gaesong) Industrial Area. (photo courtesy of Mimura/Wikimedia Commons)
Kaesong Industrial Complex Reopened
23 September 2013 - 12:20pm
Kaesong Industrial Complex, which reopened on September 16, operated normally during the holiday season, except for Chuseok on September 19. On September 17, normalization efforts continued as 335...
Rationalization of Repair Costs
16 September 2013 - 4:14pm
According to sources in the financial industry on September 15, the government has decided to improve transparency in auto repair expenses by supporting revision of the related laws.   The Ministry...


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