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Monday, January 22, 2018

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South Korea set a new record for exports to reach US$573.9 billion (613 trillion won) in 2017.
Record High, But Uncomfortable
3 January 2018 - 11:45am
South Korea set a new record for exports. The Ministry of Trade, Industry and Energy (MOTIE) announced on January 1 that the amount of total exports came to US$573.9 billion (613 trillion won) in...
Hong Kong Customs officers found 5,200 South Korean, Japanese and European knock-off cosmetics, most of which were South Korean brands.
Fake Korean Cosmetics
3 January 2018 - 11:00am
A large number of fake South Korean cosmetic products is circulating in Chinese-speaking countries. According to news outlets in Hong Kong, including Wenweipo, on January 2, Hong Kong Customs...
Apple is still showing an attitude to make profits by replacing the battery even after deliberately manipulating product performance.
Sticking Still to Profits amid Criticism
3 January 2018 - 10:30am
According to industry sources on December 2, Apple Korea began accepting applications for battery replacement for discounted prices. When a user of the iPhone 6 or later models visits an Apple...
Lotte Group will be able to stabilize its holding company system, with the additional mergers of Lotte GRS, Fujifilm Korea, Lotte Logistics, Lotte International, Daehong Communications and Lotte IT Tech.
Transforming to Holding Company System
3 January 2018 - 10:15am
Lotte Group has completely removed its cross-shareholding relations, whose number once reached 750,000, in three years. As Chairman Shin Dong-bin was handed a suspended prison sentence, the group is...
The Subscriber Identity Module (SIM) tray for the dual SIM model of the Samsung Galaxy Note 8 (an image from the global homepage for the Galaxy of Samsung Electronics)
Competition in Dual SIM Card
3 January 2018 - 10:00am
All eyes are on whether or not Samsung and Apple, the two frontrunners in the world smartphone industry will have a dual Subscriber Identity Module (SIM) duel in 2018. A dual SIM card phone is a...
Samsung’s new managements need to overcome the crisis of the absence of Samsung’s de facto head Lee Jae-Yong while Hyundai managements should cope with the difficult task of restoring relations with the labor.
New Year’s Business Keywords
2 January 2018 - 2:15pm
Samsung Electronics ushered in the New Year with the absence of Vice Chairman Lee Jae-yong. As Vice Chairman Kwon Oh-hyun, who had led Samsung, and President Yoon Boo-keun and Shin Jong-kyun stepped...
“KOSPI 3,000 era” will arrive in 2018 as the upturn in the stock market is forecast to continue again this year.
Stock Prospects for 2018
2 January 2018 - 2:00pm
Experts say that the “KOSPI 3,000 era” will arrive in 2018 as the upturn in the stock market is forecast to continue again this year despite some risk factors such as an asset shrinkage caused by the...
Two LG Display models are introducing an 8K 88-inch OLED panel which is largest and has the highest resolution among organic light emitting diode (OLED) displays that have been developed so far.
World's First 8K OLED Panel
2 January 2018 - 10:30am
LG Display announced, on January 1, the world's first 88-inch organic light emitting diode (OLED) display panel with 8K picture quality four times brighter than ultra-high definition (UHD) display...
The Korea industry will be generally sunny but cloudy for some sectors in 2018.
Industrial Outlook for 2018
2 January 2018 - 10:15am
It is expected that the Korea industry will be generally sunny but cloudy for some sectors in 2018, the Year of the 'Golden Dog' according to the Chinese Zodiac system. It is a dominant view among...
US-based memory chipmaker Bit Micro brought up comprehensive patent issues related to not only SSD but also software using SSD.
Targeting SSD Makers
2 January 2018 - 9:00am
US-based memory chip maker Bit Micro has included major information technology (IT) companies at home and abroad, such as South Korea’s Samsung Electronics and SK Hynix, Taiwan’s ASUS and Acer, China...
Samsung Engineering CEO Choi Sung-an, right, and JUPC CEO Abdullah al-Shamrani exchange an engineering, procurement and construction (EPC) contract to build a petrochemical plant in Saudi Arabia at the signing ceremony.
Petrochemical Plant in Saudi Arabia
29 December 2017 - 11:00am
Samsung Engineering has received a 740 billion won (US$692.56 million) deal to build a chemical plant in Saudi Arabia. This is the first large project won by the company after new president Choi Sung...
The number of employees at domestic venture firms stood at 764,000 and an average venture firm hired 22.9 staff.
Performances of Venture Firms
29 December 2017 - 11:00am
The number of employees at local venture firms came to 764,000, which is almost the same with 769,395 posted by South Korea's six major conglomerates including Samsung Group. According to the data...

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