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Friday, March 23, 2018


Governor Kim Gwan-yong (4th from right) at the Ceremony for nurturing new growth engines based on synchrotron radiation.
Taking Off with Smart Innovation
12 March 2018 - 1:30pm
Kim Gwan-yong, Governor of Gyeongsangbukdo (North Gyeongsang Province), set a record as he was elected as head of a local government for the sixth time through a popular vote. Kim served as head of a...
Some of major Korean companies are actively going ahead with overseas initial coin offerings (ICO).
Instead of IPO
12 March 2018 - 10:30am
The overseas initial coin offering (ICO) market is attracting much attention. The overseas ICO market shows the development of new virtual currencies and related projects and raises funds online....
The US Government has not accepted a request for softening or withdrawing the safeguard in negotiations with the Korean government, which will lead the latter to proceed with the suspension of tariff binding and a WTO dispute settlement procedure.
With Negotiation Bearing No Fruit
12 March 2018 - 10:15am
The ball is now in the court of the World Trade Organization (WTO) as the United States did not accept the Korean government's demand that the US withdraw its safeguard on washing machines and solar...
A consortium between POSCO and Samsung SDI was selected as a cathode producer in Chile, the world's largest producer of lithium
Lithium Project in Chile
12 March 2018 - 10:00am
A consortium between POSCO and Samsung SDI was selected as a cathode producer in Chile, the world's largest producer of lithium, a base material for cathodes. POSCO will be able to grow into a global...
South Korean builders’ total contract value is estimated to reach at least US$32 billion this year.
A good Start
12 March 2018 - 9:45am
It has been found that South Korean builders won overseas construction projects worth a total of US$7.86525 billion from January 1 to March 9, 2018. The amount had been US$2.96189 billion during the...
Intel is considering acquiring Broadcom that is attempting to acquire Qualcomm.
Crustal Movement
12 March 2018 - 9:45am
The Wall Street Journal reported on March 10 that Intel is considering acquiring Broadcom that is attempting to acquire Qualcomm. According to the report, Intel is regarding Broadcom’s acquisition of...
Domestic card companies are absorbing the increase of 0.1 percent among the 1.1 percent of commission charge for the usage of overseas payment networks applied by Visa from January last year.
Dispute with Visa
12 March 2018 - 9:30am
An increasing number of South Korean card issuers are saying they have no chance against winning a complaint with the Fair Trade Commission (FTC) against Visa Card for its unilateral decision to...
The U.S. is conducting a “high level tactic” to handle its ally South Korea in the trade agreement between the two countries.
Pushing in Two Ways
12 March 2018 - 9:15am
U.S. President Donald Trump signed an administrative order to impose a 25% tariff on imported steel in accordance with Section 232 of the Trade Expansion Act of 1962 while exempting Canada and Mexico...
The result of acquisition battle for ING Life Korea will encourage additional M&As in the insurance industry.
Changing Insurance Landscape
12 March 2018 - 8:30am
According to financial industry and investment banking (IB) industry sources on March 11, KB Financial Group has joined a takeover battle for ING Life Insurance Korea and is to have a second leg with...
Audi Volkswagen Korea will test its self-driving A8 sedan on local city roads.
Imported Self-driving Car
9 March 2018 - 11:30am
Audi Volkswagen Korea announced on March 7 that it obtained a temporary autonomous driving license from the South Korean government and would test its self-driving A8 sedan on local city roads. Audi...
The LG Group showed the highest rate of decrease among the 10 largest conglomerates in South Korea for the past two months.
Market Cap of Conglomerates
9 March 2018 - 11:15am
It has been found that the total market cap of the LG Group, which has 11 listed subsidiaries, fell 5.53% from 103.38 trillion won (US$93.0 billion) to 97.65 trillion won (US$87.9 billion) between...
Han Jong-hee (right), CEO of Visual Display at Samsung Electronics, introduced the 2018 TV lineups as “Intelligent Display.
Strengthening Mega Display QLED TV Liineup
9 March 2018 - 11:15am
Samsung Electronics Co. launched its flagship line of 2018 QLED TVs and AV products at the 2018 First Look New York event at the American Stock Exchange building in Manhattan on March 7 (local time...


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