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Tuesday, December 12, 2017

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The South Korean economy now has a strong resilience against the “North Korea Risk” unlike the past.
Learning Effect
30 November 2017 - 11:00am
Despite North Korea’s missile provocation, the won-dollar exchange rate closed at 1,076.80 won on November 29, down 7.6 won from the previous day. This is because of learning effect. The South Korean...
A 3D printed facial mask produced AmorePacific. (photo courtesy: AmorePacific)
Customized Facial Mask
30 November 2017 - 10:45am
AmorePacific has unveiled its customized facial mask “Tailored Mask.” The company released “My Two-tone Lip Bar” lipstick, the first tailor-made cosmetics product in the domestic industry, in August...
Hyundai Motor has decided to hold unionized workers accountable for their recent strike.
Holding the Union Responsible
30 November 2017 - 10:45am
Hyundai Motor Company said on November 29 that it would hold unionized workers accountable for their recent strike. The strike at the company’s manufacturing plant in Ulsan City started on November...
S. Korean Trade, Industry and Energy Minister Paik Un-gyu (3rd from left) and French Minister of Environment Nicolas Hulot (at the front of Baek) are discussing cooperation in energy sector in Paris on November 28 (local time). (photo courtesy: MOTIE)
Cooperation in Nuke Decommissioning
30 November 2017 - 10:30am
South Korean Trade, Industry and Energy Minister Paik Un-gyu and French Minister of Environment Nicolas Hulot signed a letter of intent and a memorandum of understanding (MOU) in Paris on November 28...
Hwang Chang-kyu, chairman of KT, Xiang Bing, chairman of China Mobile and Yoshizawa Kazuhiro, president of NTT DoCoMo (from right) are posing for a commemorative photo shoot at the General Meeting of the SCFA 2017. (photo courtesy: KT)
Tripartite AI Alliance
30 November 2017 - 10:00am
KT of Korea, China Mobile of China and NTT DoCoMo of Japan joined forces in the development of AI technology and services. On November 29, KT announced that the company held the General Meeting of...
The Korean government will check the direction of legislation regarding net neutrality in South Korea after studying the ongoing revision of rules in the United States.  The Ministry of Science and ICT said on November 29 that it would check the direction
Net Neutrality Policy
30 November 2017 - 10:00am
The Korean government will check the direction of legislation regarding net neutrality in South Korea after studying the ongoing revision of rules in the United States. The Ministry of Science and...
The autonomous vehicle market is expected to become a land of opportunities for small and medium-sized Korean semiconductor fabless companies.
Business Chances
30 November 2017 - 9:30am
The autonomous car parts and technology market is forecast to reach US48.5 billion in 2021, continuing a 32% high annual growth rate on average thanks to the development of autonomous vehicle...
An image of Singapore’s first double-deck underground expressway that will be built by Samsung C&T. (photo courtesy: Samsung C&T)
First of Its Kind
29 November 2017 - 11:45am
Samsung C&T said on November 24 that it won the project for the construction of the first double-deck underground expressway in Singapore. The bid price was 809.35 million Singapore dollars....
Samsung Display chalked up a market share of 42.7% in the global smartphone display market with US$ 5.03 billion in sales, showing an overwhelming competitive edge.
Dwarfing Other Display Makers
29 November 2017 - 11:30am
Samsung Display strengthened its dominance in the smartphone display market where the company recorded the best performance ever, and solidified its top spot with super big gaps with other display...
Staff of AK-Shanghai Trading Limited pose at the office in Minhang District, China. (photo courtesy: Aekyung)
Expanding Business in China
29 November 2017 - 11:30am
Aekyung Industrial Co., a major South Korean household and personal care products maker, announced on November 28 that it has established an affiliate in China as part of its plan to tap deeper into...
Kim Hong-sang (right), executive director of Nexen Tire, poses with Martin Muschiolik (left), executive director and board member of Dekra, after receiving ISO 22031 on November 28. (photo courtesy: Nexen Tire)
Getting Int’l Standard
29 November 2017 - 11:15am
Nexen Tire Corp. announced on November 28 that it has established a “business continuity management system (BCMS)” and obtained an international standard certificate “ISO 22301” from global...
The Supreme Court of South Korea dismissed the re-appeal regarding the fine of 1.0311 trillion won (US$900 million) imposed by the Korea Fair Trade Commission.
Qualcomm Faces Huge Penalty
29 November 2017 - 11:00am
The Supreme Court of South Korea dismissed the re-appeal regarding the request for a stay of execution made by Qualcomm, Qualcomm Technologies Inc., and Qualcomm CDMA Technologies Asia-Pacific Pte...

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