Online e-commerce businesses are maximizing opportunities for success through Cafe24’s partner companies.Global e-commerce platform Cafe24 held its first "2019 Cafe24 Online Business Fair" at the Yeouido 63 Convention Center on Nov. 14. It was attended by officials from 700 e-commerce businesses and

President Moon Jae-in will meet with key business leaders from China at the Blue House on Dec. 4 as part of his efforts to lift China’s prolonged ban on Korean products.The Korea Chamber of Commerce and Industry (KCCI) told officials of major Korean companies such as Hyundai Motor and SK on Nov. 14

Individual investors' minimum investment in hedge funds will be raised from the current 100 million won to 300 million won.Eun Sung-soo, chairman of the Financial Services Commission, announced on Nov. 14 a set of measures designed to protect investors in high-risk financial products. The FSC’s

The trading volume on Korea’s primary stock market rebounded to the 6 trillion won range for the first time in about three months. As stock trading has become brisk, the stock index has also been on the rise.According to Korea Exchange, the trading volume on the KOSPI market reached 6.322 trillion w

Korea ranks high in the OECD in terms of investment in research and development (R&D) and share of international patents. Its R&D budget exceeds 20 trillion won this year, and it is the world’s fifth largest holder of international patents. However, the country places 19th among 20 major OECD countr

LG Chem has asked the United States International Trade Commission (USITC) to make a default judgment against SK Innovation, claiming its rival has destroyed evidence. In response, SK Innovation said that it has been sincerely complying with legal procedures and will continue to do so.LG Chem offici

Bithumb Global will issue Bithumb Coin (BT) that can be used for Bithumb Family services launched by Bithumb's partners including Bithumb Korea. Bithumb Coin is paid to people as a reward when they use Bithumb Family services. With Bithumb Coin, people will be able to pay fees for Bithumb Family

The Korean government will go ahead with a plan to convert the retirement allowance system into an obligatory retirement pension plan for companies with 100 or more employees by the end of next year. It plans to make retirement pension mandatory for all companies with five or more employees by 2026

H2KOREA, a private-government body launched to promote hydrogen convergence alliance, will step up hydrogen cooperation with Australia.H2KOREA chairman Moon Jae-do and Fiona Simon, CEO of the Australian Hydrogen Council, announced on Nov. 12 that Korea and Australia have signed an agreement on mutua

Hyundai Motor has won the World Rally Championship (WRC), one of the world's top-class motor sports races. This is the first time that a Korean car has won the auto racing championship recognized by the Federation Internationale de l'Automobile (FIA) as the highest class of international ral

LG Electronics’ OLED TV was once again selected as the best TV in the U.S. market. The global OLED TV market is growing fast and expected to reach 1 million units in sales in the first quarter.Leading U.S. consumer magazine Consumer Reports recently evaluated about 200 new TV models sold this year i

JW Pharmaceutical announced on Nov. 13 that it has launched Euvipharm JSC, a wholly owned subsidiary in Long An Province, Vietnam, in a “New Challenge Day” ceremony.JW Pharmaceutical signed a deal in September to take over 100 percent of Euvipharm. This is the first time a Korean company acquired 10

As Chinese and U.S. TV makers are moving to enter the OLED TV market next year, LG Display is expected to benefit from it as the company is currently the sole producer of OLED panels.Vizio, a U.S. TV producer, and Xiaomi of China will adopt OLED panels next year. OLED panel demand is expected to soa

Samsung Electronics, which has been persistently attacked by non-practicing entities (NPEs) or “patent trolls,” has filed a complaint with a U.S. court to prevent an NPE from litigating repeatedly. As the number of lawsuits filed by NPEs against Korean companies steadily increased to reach 580 over

With Korea’s vehicle output falling rapidly, the number of employees in the automobile industry declined by about 10,000 this year. That is, about 1,000 workers per month have left the industry. As the automobile industry, which is a foundation of the Korean manufacturing industry, undergoes a crisi

Incheon International Airport Corp. (IIAC) has organized an international seminar on navigational safety facilities.The theme of the 28th International Seminar on Aviation Safety Facilities held at the Grand Hyatt Incheon on Nov. 12 was how to build a Korean-style navigation system using innovative

Techfin Asia 2019, which will take place in Seoul on Dec. 5-6, is aimed at discovering how far the disruptive technologies can go in today’s developed financial sector.On the agenda of Techfin Asia 2019 will be artificial intelligence (AI), big data, blockchain, cloud computing, open banking, e-comm

The Bank of Korea and the Financial Services Commission announced on Nov. 12 that household loans in the financial sector increased by 8.1 trillion won in October this year whereas the increase stood at 3.2 trillion won in the previous month. They explained that credit card payments during the Thank

Professor Lee Sung-ju at the KAIST School of Computing and his research team have developed a technique by which a smartphone app prototype can be produced with only 50 or so lines of program codes instead of 10,000 lines or more.The professor and his team focused on the fact that millions of smartp

The Ministry of Trade, Industry and Energy announced on Nov. 12 that it designated Jeju City as a regulation-free zone for more convenient electric vehicle (EV) charging services.Specifically, five private companies will set up an EV charger sharing network so that approximately 10,000 chargers in J