South Korea should increase its semiconductor exports to China regardless of its relations with the United States in order to develop its semiconductor industry, a Chinese media outlet asserted.“Given that South Korea’s economy is heavily dependent on the semiconductor industry, it is understandable
Last year, 540,000 foreign workers received year-end settlements, and the reported tax amount reached a record-breaking 1.2 trillion won (US$915.68 million).The National Tax Service (NTS) announced that the number of foreign workers who filed tax reports was 544,000, and the reported tax amount reac
Contents First, a global leader in digital comics specializing in IP development, production, distribution, and transmedia, announced today that it will begin publishing English e-book versions of romance fantasy web novels popularized by its Tappytoon reading platform. The Broken Ring: This Marriag
According to a statement released on Oct. 16 on Hanmi Pharmaceutical’s English-language website, the company participated in the 2023 AACR-NCI-EORTC international academic conference held in Boston, Massachusetts, the U.S. from Oct. 11 to 15. During the conference, the company presented research res
Correction 8/23 4:09 p.m. KST: A previous version of this story incorrectly stated that the Federation of Korean Industries had changed its name to the "Korea Businesspeople Association." However, the organization has only changed its Korean-language name. Translating that name change into English m
On July 3, the Korea Ginseng Corporation (KGC) announced that it will change its “Cheong Kwan Jang” brand, used differently at home and abroad, to “JUNG KWAN JANG.”Through the brand renewal, the brand’s identity, logo, and product package designs will be changed, and it will be reborn as a “global h
KB Kookmin Bank announced that it will host an English-language webinar titled “All About Korean Pension” for foreign customers on June 22.The webinar, which will be conducted in real time on KB Kookmin Bank’s asset management-focused YouTube channel Yeouido Exit 5, is designed to introduce the over
The Korean government has ambitiously promoted a project to put Korea into the Morgan Stanley Capital International (MSCI) Developed Markets Indexes for the purpose of resolving the so-called Korea Discount. But the project will hardly produce desired results this year.According to sources in the Ko
Samsung Electronics announced on April 7 that its first quarter operating profit plunged about 96 percent year over year. It was the first earnings shock in 14 years since 2009. The company changed its stance of making no artificial production cuts as its operating profit in the first quarter (Janua
A city is bound to evolve when its citizens keep learning after school. In this kind of city, citizens learn not to pass school entrance examinations but to enjoy learning in life and feel rewarded. Incheon’s Yeonsu-gu (district), which is home to Songdo International City, has dreamed of becoming s
The Korea Transportation Safety Authority has released an English-language video introducing K-City, the world’s first self-driving car test city running on 5G networks that opened on Dec. 10.K-City is designed to test autonomous vehicles in real road environments. It was built on the premises of th
Lee Jae-yong, vice chairman of Samsung Electronics, attended a ceremony for the opening of a new factory in Noida, Uttar Pradesh in northern India on July 9 (local time). During the ceremony, Lee met key local political and business leaders including Prime Minister Narendra Modi and discussed ways f
English-language news articles of BusinessKorea will be available soon on Naver in addition to Google and Kakao. BusinessKorea is also planning to provide Korean-language articles to those portals starting from March.The Committee for Evaluation of News Partnership announced on February 12 that Busi
It has been found that POSCO E&C decided to withdraw from a project to construct a steel mill in Iran. Some experts argue that relationships between Saudi Arabia and Iran which severed their diplomatic ties in January 2016 had an impact on the project.The Financial Tribune, an English-language econo
Overseas famous virtual currency exchanges are approaching Korean investors while providing Korean-language services. Korean virtual money exchanges are also seeking ways to enter overseas markets to attract foreign investors.Famous overseas virtual currency exchanges are increasing Korean-language
The growing popularity of Korean pop music also carries with it another growing phenomenon -- an increasing frustration with the ticket-buying process. One can easily find dozens of English-language Q-and- A sites on the Internet where someone is asking how to buy tickets to events in Korea alongsid
JD Sound (www.jdsound.co.kr), which owns a technology of manufacturing a handheld DJ device, makes inroads into the education market in the US.K-ICT Born2Global under the Ministry of Science, ICT and Future Planning) said on Sept. 22 that its member startup JD Sound completed its final delivery of p
“If Google wants to utilize Korean map data, it has to have a server in Korea and properly pay tax first,” said Lee Hae-jin, chairman of Naver’s board of directors in a press conference held in Chuncheon on July 15. “I mean not blocking global Internet companies from entering the Korean market but h
The Gyeonggi Center for Creative Economy and Innovation is introducing emerging Korean venture firms to other countries through their English-language Web site.The center has launched an English website listing promising venture companies under all centers for Creative Economy and Innovation across
Orientypes Co. announced on Oct. 28 that it will provide the oriental design app Orientypes, which targets foreigners who are interested in Korean culture and celebrities and helps them keep pace with Korean Wave trends.Orientypes is an image design app that helps foreigners who are interested in As