Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao, announced on Oct. 18 that eight new blockchain projects have joined Klaytn as service partners to further developments in bringing mass blockchain adoption globally.Dedicated to building readily usable blockchain-po

Samsung Electronics' brand value has surpassed US$60 billion for the first time, making the Korean tech giant one of the most highly valued brands in the world.Samsung Electronics announced on Oct. 17 that its brand value was estimated US$61.1 billion by Interbrand, ranking 6th in the Global Top

As the Korea-Japan conflict shows no signs of coming to an end, some U.S. think tank experts stressed the need to improve relations between the two countries as Japan's export restrictions against Korea plays havoc with the world economy. They also advised the United States to intervene to help

[비지니스코리아=윤영실 기자] 현대차가 5년 연속 글로벌 30위권 브랜드에 이름을 올렸다.글로벌 브랜드 컨설팅 업체 ‘인터브랜드(Interbrand)’가 17일 발표한 ‘2019 글로벌 100대 브랜드(Best Global Brands 2019)’조사 결과, 현대차는 종합 브랜드 순위 36위, 자동차 부문 6위를 차지했다.브랜드 가치는 전년(135억 달러) 대비 약 4.6% 상승한 141억 달러를 기록했다. 현대차는 글로벌 100대 브랜드에 처음으로 이름을 올린 2005년 이후 올해까지 15년 연속으로 선정됐으며, 그 동안 브랜드

Global e-commerce platform Cafe24 is providing online store integration to three e-commerce markets Halfclub, Ogage, and Bori Bori through its "Multimarket Management" service.The newly connected markets each have distinctions in the fashion retail industry. Halfclub houses 4,000 brands on its platf

[비지니스코리아=윤영실 기자] 삼성전자의 브랜드 가치가 600억 달러를 돌파해 역대 최고치를 기록했다.글로벌 브랜드 컨설팅 전문업체 인터브랜드(Interbrand)가 17일(현지시간) 발표한 '글로벌 100대 브랜드(Best Global Brands)'에서 삼성전자 브랜드 가치가 사상 최대인 611억달러(6위)를 기록했다.올해 삼성전자 브랜드 가치는 지난해 599억달러보다 2% 상승해 처음으로 600억달러를 돌파했다. 순위는 6위로 지난해와 동일하다.인터브랜드는 △기업의 재무 성과 △고객의 제품 구매 시 브랜드가 미치

Last year, China became the world's largest market for electric vehicles (EVs). Among EV brands, Toyota ranked first, followed by Hyundai-Kia Automotive Group.In 2018, worldwide sales of EVs, including hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), plug-in hybrid electric veh

Chinese state media outlets are lavishing praises on Samsung Electronics. They appear to be worrying that the closure of the last Samsung’s smartphone manufacturing plant in Huizhou last month may be regarded as the Korean tech giant’s withdrawal from China.Global Times, a Chinese state-run newspape

LG Innotek announced on Oct. 16 that it has developed the industry's first 5G communication module for future cars based on a Qualcomm chip.The newly developed communication module for vehicles is a device that transmits and receives data between a vehicle and a base station. The module is vital

The fast-growing global electric vehicle (EV) battery market shifted into reverse temporarily in August. Despite the downturn, South Korea’s top three EV battery makers, LG Chem, Samsung SDI, and SK Innovation, continued to grow based on their technological prowess.SNE Research, a Korean market sear

Samsung Electronics is in quandary over when to start the operation of semiconductor plants under construction at Xian, Shaanxi Province in China and at Pyeongtaek, Gyeonggi Province in Korea and which semiconductor items to produce in these new plants. If memory chips are additionally produced in t

Samsung Electronics is leading the trend towards bigger TVs with its premium QLED TVs. The 70-inch or larger premium TV market is growing globally every year. In Samsung Electronics' TV sales, the proportion of 70-inch or larger TVs jas eclipsed that of 50- to 59-inch TVs.TVs with a 70-inch or l

The South Korean government plans to complete the communications, road and traffic infrastructures required for completely autonomous driving by 2024 and put level 4 autonomous driving to commercial use on major roads nationwide in 2027 instead of 2030.In addition, the government is going to promote

SK Global Chemical has signed a contract to acquire the functional polyolefin business of Arkema, a France-based global manufacturer of specialty chemicals and advanced materials.The company hopes that the acquisition will catapult it into the global high-value added packaging materials market.The c

Samsung SDI and LG Chem have unveiled safety measures to prevent their energy storage systems (ESS) from being ravaged by fires due to the explosion of components.The two companies announced on Oct. 14 plans to apply fire-prevention technologies to their products. Their move is designed to address s

Samsung Electronics is hot on the trail of Sony in the global image sensor market. The company is employing a two-track strategy of developing technology ahead of competitors and expanding its market share by increasing price competitiveness.The company is accelerating its move to take control of th

Market researcher IHS Markit has raised its estimate of 8K LCD TV panel shipments for 2019 by 12.9 percent from its first quarter forecast of 347,000 units to 38,700 units.IHS Markit said that it has revised up its forecast because Samsung Display is expected to significantly ramp up 8K LCD TV panel

Some analysts point out that the Korean economy is mostly suffering from external troubles such as Japan’s trade restrictions and trade disputes between China and the United States, let alone its sluggish domestic demand. Making matters worse, the global economic recession contributes to the worseni

Large securities companies with an equity capital of three trillion won or more will be allowed to extend loans to their overseas subsidiaries.The policy change was decided at the government's fourth innovative growth strategy meeting on Oct. 14. In addition, the government is going to apply sim

As dark clouds have been gathering over the global economy, Korea’s economic outlook is becoming more uncertain.Korea's composite leading index (CLI) stood at 98.82 in August, said the Organization for Economic Cooperation and Development (OECD) on Oct. 13. The August CLI fell 0.03 point from Ju