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

Samsung Heavy Industries’ labor and management representatives have recently visited Malaysia together to attend an event organized by the company’s client. It is a stark contrast to situations at other Korean shipbuilders that are still suffering from labor conflicts.Nam Joon-woo, president of Sams

Korean shipbuilders regained first place in order receipt in October by sweeping 86 percent of the world's shipbuilding orders. Chinese shipbuilders took only 10 percent of the orders in October. Korean shipbuilders solidified their number one position in cumulative orders by October this year.G

Daewoo Engineering and Construction (E&C) announced on Nov. 12 that it has signed an agreement with Saipem, an Italian oil and gas industry contractor, to establish a strategic partnership in the global onshore oil and gas business, in particular, the LNG business.Under the agreement, the two compan

Shinhan Financial Group announced on Nov. 12 that it has signed a strategic partnership agreement with Plug and Play, a global accelerator, to expand its startup ecosystem globally.Plug and Play is an accelerator that has fostered global unicorns such as PayPal, Dropbox, Lending Club, and N26. It is

Global display makers have waged intense competition to lead the liquid crystal display (LCD) market in recent several years and now they are turning their eyes to the rapidly expanding organic light emitting diodes (OLED) market.Samsung Display and LG Electronics, which are strong in small and larg

About a half of the mergers and acquisitions (M&As) carried out by domestic listed firms since 2016 were between affiliates of the same business groups. Inter-affiliate M&As were more frequent especially among conglomerates with an asset of at least 5 trillion won.The Financial Supervisory Service (

KEB Hana Bank has become the second-largest shareholder in the Bank for Investment and Development of Vietnam (BIDV), the largest bank in Vietnam in terms of asset size. The former acquired 603.3 million new shares from the latter, which are equivalent to 15 percent of the bank, by investing 1,014.8

HDC Hyundai Development Co. took over Asiana Airlines by suggesting a price of approximately 2.4 trillion won whereas the other bidders suggested less than two trillion won. It is too early to pop the champagne though. HDC and its partner Mirae Asset Daewoo are supposed to deal with important issues

Korea’s electric vehicle (EV) exports for this year have more than doubled from those of 2018 as EV sales by Hyundai Motor Co. and Kia Motors Corp. are expanding in major markets such as the United States and the European Union.Korea’s EV exports amounted to US$2,566 million in the January-October p

Hanwha Aerospace president Shin Hyun-woo recently said that the company is mapping out a plan to build a third factory in Vietnam to make airplane engine parts for Rolls-Royce.The company has recently signed a contract with Rolls Royce, a global aviation engine manufacturer, to supply engine parts a