Credit Suisse recently analyzed more than 3,000 companies in 40 countries and said on Oct. 15 that the ratio of female board members of the 73 South Korean companies it analyzed is 3.1 percent, the lowest in the analysis result, whereas the overall average is 20.6 percent.The lower rankers include P
The Blue House of South Korea announced on Sep. 22 that the country is likely to sign free trade agreements with Indonesia, Malaysia and the Philippines at the special ASEAN summit scheduled for Nov. 25 to 27 in Busan City.“We already signed bilateral FTAs with the other two of our top five trade pa
South Korea and the Philippines initiate their third round of FTA negotiations in Busan City on Aug. 12.The Ministry of Trade, Industry and Energy of South Korea announced on Aug. 11 that the negotiations, which will continue for three days, will cover goods and services, investment, economic and te
The Coffee Bean & Tea Leaf, an American coffee chain owned by a consortium led by Mirae Asset Global Investments Private Equity, will be sold to a consortium of franchise holders in the Philippines and Vietnam.The Mirae Asset Global Investments Private Equity-led consortium signed a deal with Philip
KT presents a road map for copper wire-based 10-gigabit Internet technology to telecom operators from all around the world at Broadband Forum (BBF), which will run at Millennium Seoul Hilton from June 17-20.Broadband Forum is an organization established in 1994 for broadband communication technology
The number of new patent applications in South Korea, which had been 141,116 in 2011, continued to rise and reached 161,698 in 2015. However, the overseas patent application ratio remained slightly over 10 percent during the same period. Specifically, it was 10.4 percent in 2011, 12.2 percent in 201
South Korea and the Philippines are working on a free trade agreement (FTA). The two countries established their diplomatic relations 70 years ago.South Korean Trade Minister Yoo Myung-hee met with Filipino Trade Secretary Ramon Lopez in Manila on April 17 and issued a joint statement on the issue.
SK Innovation announced on May 27 that it would ramp up its battery production 20-fold from the current level by 2025. Kim Joon, president of SK Innovation, declared his company's determination to pursue innovation to achieve the new goal at a press conference at the Four Seasons Hotel in Seoul.
As the global financial market is rocking due to growing tensions between the United States and China, global investors tend to withdraw capital from South Korea as its capital market is relatively open. Accordingly, the value of the won is falling more sharply than the currencies of other countries
Incheon Airport plans to submit a bid to be selected as the operator of the Kuwait Airport Terminal 2.Incheon International Airport Corp. (IIAC) and Korea Airport Corp. (KAC) are stepping up efforts to win foreign airport operation projects.IIAC said on May 12 that it will participate in internation
Shinhan Financial Group posted 918.40 billion won (US$784.96 million) in net profit in the first quarter of this year, delivering an “earnings surprise.” The performance improvement is attributed to the “2020 Smart Project,” the group's vision to become Asia's leading financial group by 2020
Korean Air Lines Co. is removing the first-class seats on 27 international routes beginning in June as part of its restructuring efforts to improve profitability.The company announced on May 1 that on the affected international routes, only two class seat options will be available -- prestige and ec
The National Institute of Food and Drug Safety Evaluation (NIFDS) of the Ministry of Food and Drug Safety (MFDS) said on April 23 that it will implement an official development assistance (ODA) project for five developing countries in the Western Pacific region, including Cambodia, Laos, Vietnam, th
South Korea and the Philippines agreed to conclude a free trade agreement in November at the latest.South Korean Trade Minister Yoo Myung-hee visited Manila on April 17 and met with her Filipino counterpart Ramon Lopez. They agreed to enhance their cooperation in the field of economy and trade in co
Metanoia Project is a blockchain platform based on renewable energy with a focus on “good will.” The project states that its ultimate goal is to develop a p2p donation system based on blockchain while supporting overseas developments. The name of the project, Metanoia, is an ancient Greek word meani
Trade Minister Yoo Myung-hee said on March 21 that the South Korean government would conclude free trade agreements (FTAs) with Indonesia, Malaysia and the Philippines in the near future.“Economic cooperation between South Korea and the countries will be further enhanced based on the FTAs,” she said
Ilyang Pharmaceutical announced on March 21 that it will export its seasonal influenza vaccine to Bangladesh, following the Bangladesh health authority’s approval given on March 20.The deal is meaningful for Ilyang as it represent’s its first overseas export after entering the vaccine business.Throu
Philippine banks are becoming the second largest shareholder of South Korea's troubled shipbuilder Hanjin Heavy Industries & Construction Co. This is part of a debt restructuring plan to rehabilitate HHIC-Phil Inc., a subsidiary of Hanjin Heavy that operates a shipyard in Subic Bay.Hanjin Heavy
SK Telecom is expanding its mobility business overseas through “T MAP” ranking first among mobile navigation map services in Korea.On January 30, SK Telecom announced that it signed an agreement to set up Grab Geo Holdings (JB), a joint venture in Singapore with Grab, the largest shared car company
Kolon Life Sciences said on Jan. 14 that it has signed an agreement with Mundipharma of the United States to export 100 billion won (US$89.75 million) worth of Invossa, the world's first cell and gene therapy for osteoarthritis, to nine countries.Under the terms of the agreement, Mundipharma wil