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Tuesday, October 17, 2017

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Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support it with a total of 9.9 trillion won (US$8.9 billion) until 2022.

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26 July 2017 - 1:45pm

According to industry sources including Hyundai Merchant Marine (HMM) on July 25, HMM recently submitted consulting firm AT Kearney’s report about HMM to the Korea Development Bank (KDB). The report says that HMM should receive a total of 9.9 trillion won (US$8.9 billion) in funds to grow into the 8th largest global shipping company in the future. The KDB is reviewing this report.

HMM requested the KDB to support HMM with a total of 9.9 trillion won (US$8.9 billion) until 2022. HMM asked AT Kearney to estimate how much support funds for HMM would be needed. AT Kearney calculated...

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Risk-based Inspection Services

21 June 2017 - 1:30pm

Lloyd’s Register (LR) gained a new contract from S-Oil Corporation (S-Oil) covering the implementation of a fully integrated risk-based inspection (RBI) system, according to an industry resource on June 20. LR is a global engineering, technical and business services provider wholly owned by the UK-based Lloyd’s Register Foundation.

The deal, the largest-ever investment project of the Korean oil refinery, reached for US$4.2 billion for residue upgrading and Olefin downstream complex (RUC/ODC) plant in Ulsan, Korea. The project will commence this month.

“We are delighted that S...

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From the left; POCOG President LEE Hee-beom, PyeongChang 2018 Honorary Ambassador Sumi Jo

Honorary Ambassador

23 May 2017 - 3:15pm

The PyeongChang Organizing Committee for the Olympic and Paralympic Games (POCOG) announced on May 22 that world-renowned Korean Soprano Sumi Jo has become an honorary ambassador for the 2018 Winter Games.

She was officially appointed to her role at a special event on May 22 at the Foreign Press Center in Seoul, which was attended by local and international media outlets.

Sumi Jo was born in South Korea and is known for her vocal talents as a coloratura soprano – someone with a very delicate and light tone who adds elaborate ornamentation to their singing often referred as a...

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(from left) Gerard Hoffmann , David

Korean Start-Up Benchmarking

22 May 2017 - 8:00pm

Gerard Hoffmann, CEO of Poximus Luxembourg, visited GCCEI and Pangyo Techno Valley on 22 May, 2017, leading 32 economic delegates of Luxembourg,. The delegation is composed of key government and private sectors including Cisco Systems, Hitec, EXXUS, Deloitte Audit, University of Luxembourg, etc. 

The delegation was deeply interested in Korean fintech startups. The delegation asked GCCEI to introduce one of them and Paycock, one of the fintech startups accelerated by GCCEI, presented their product to the delegation. Paycock Solution is a mobile easy payment platform supporting credit...

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(from left) Jesse, David, Daniel and Supachai Parchariyanon.

19 May 2017 - 3:45pm

"We target Southeast Asian market with this app. We do not consider China and USA only, but also we aim to enter Thai market first in the Southeast Asian market. What should I do?" Jesse Eunho Lee, CEO of Discoverho, a Korean startup accelerated by Gyeonggi Center for Creative Economy and Innovation(GCCEI).

Discoveryho has made an app called 'FashionShow' thru which you can avoid making mistakes in buying clothes or accessories by checking out many post-purchase comments. If many comments are not available in the app, you can use 'ShowTalk' function to ask other users about the...

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From left are Jeanine Vos, Executive Director at GSMA, David Sehyeon Baek, Director at GCCEI, Mike Lee, EVP at Far EasTone and Klee Aiken, External Relations Manager at APNIC.

Smart City Discussion

17 May 2017 - 12:45pm

Digital Societies Policy Forum 2017 was recently held in Bangkok, Thailand. The event was hosted by International Telecommunication Union (ITU), Global System for Mobile communications Association (GSMA) and Ministry of Digital Economy and Societies (MDES) of Thailand, the Australian government, APT, Internet Society, Ericsson, and Qualcomm.

Faced with the era of 4th industrial revolution, Thai Government has been trying to deal with the wave effectively, and so its digital economy ministry MDES decided to hold the forum in collaboration with ITU and GSMA, inviting around 300 people...

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GCCEI had a meeting with Malaysian Global Innovation & Creativity Centre (MaGIC) on May 5 to discuss supports for startups from both countries.

Collaboration with Malaysian Accelerator

12 May 2017 - 12:45pm

Gyeonggi Center for Creative Economy and Innovation(GCCEI), a Korean public accelerator sponsored by KT, had a meeting on May 5 with Malaysian Global Innovation & Creativity Centre (MaGIC), one of the top accelerators in Malaysia, to discuss how they can support startups in Malaysia.

MaGIC, which was officially opened on 27 April 2014 jointly by Malaysian Prime Minister Najib Tun Razak and US President Barack Obama, has been playing critical roles as a professional accelerator under the Ministry of Finance of Malaysia since then. MaGIC Accelerator Program (GAP) has been working...

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Students of the Norwegian University of Science and Technology are listening to an explanation by David Sehyeon Baek, head of the Global Cooperation Team.

Korean Start-up Benchmarking

28 April 2017 - 5:15pm

50 students of Norwegian University of Science and Technology (NTNU) visited GCCEI and Pangyo Techno Valley to see Pangyo IT Cluster and to learn about how Korea supports high tech startups.

Since Norway has relied on their rich natural resources, nowadays they have been trying to foster their IT industry more and trying to strengthen technological capacities. One of the reasons why they chose to come to visit Korea is that they believe Korea has been doing a great job so far in terms of tech-related industry. For the past couple of years, it is well said that Korea has been really...

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(From the left) GEOMC CEO Lim Young-hyun, Danish Deputy Head of Mission Jesper Vibe-Hansen, and AUDIOWISE CEO Jonniy Sårde participate in a signing ceremony at the Embassy of Denmark on March 14, 2017.

Neuro-based Sound Therapy

17 March 2017 - 10:45am

With the Danish Embassy’s Innovation Centre in Seoul acting as a bridge, a Danish and Korean company each specialising in sound and neuro-science products have successfully created a new sound therapy solution aimed at reducing symptoms of depression, sleep disturbance, pain, anger, and other similar side effects of prolonged stress.

GEOMC, well known to Korean consumers for its “MC Square” and other neuro-science based products, has collaborated with Danish sound specialist AUDIOWISE for this new technology that effectively combines their respective strongpoints.

With the...

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PyeongChang workforce at the Bokwang Snow Park during the test events.

PyeongChang 2018 Volunteers

17 March 2017 - 10:30am

After an overwhelming response to the PyeongChang 2018 volunteer program which saw more than 91,000 applicants, the lucky ones who have been selected to be part of the Olympic and Paralympic Games from the host nation have been announced on March 16.

From the initial interested parties, 41,350 were selected to take part in the interview process which was held during the first two months of this year. More than 16,200 have been recruited locally and they will begin their training sessions from the end of this month. Selection was based on volunteer experience, their commitment to the...

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