The medical world, which is very conservative about introducing new technologies, is making attempts to adopt smart solutions to improve the efficiency of the existing treatment systems and boost patients’ satisfaction. More and more ordinary people, who are equipped with internet and smartphones, a
As investors are recently growing more and more interested in the biotechnology industry worldwide, not only listed companies but also unlisted ones are attracting much investment.Since biotechnology firms need to focus on research and development for a long time, they have difficulties accomplishin
BusinessKorea had an interview with Eom Bo-young, General Director and Head Researcher of Department of Technology Business at the Korea Health Industry Development Institute (KHIDI) to hear about the details of the coming “BIO KOREA 2016, which has emerged as Korea’s biggest window to international
After the intense competition between online and offline companies, there is another price war between online and offline retailers lately. As a sense of crisis is spreading among existing offline companies due to the rapid growth of online retail firms, the nation’s largest large retailers, such as
It has been found that the ICT convergence, renewable energy, new material, bio-healthcare and high-end consumer goods industries are likely to be in need of approximately 110,000 more employees between last year and 2020. In particular, the smart home and intelligent robot sectors are expected to f
The government has imposed sanctions on Lotte Group founder Shin Kyuk-ho, who reported incomplete or false information over his ownership of Lotte’s overseas subsidiaries, and Lotte’s 11 domestic subsidiaries, which reported and announced false information over the major stakeholders, on suspicion o
On Oct. 28, 2015, the World Bank announced its “Doing Business 2016” report, and the Korea Trade Promotion Corporation (KOTRA) analyzed the report from the Korean perspective. Korea ranked an overall fourth among 189 countries, which is the country's best-ever results. Korea was ranked seventh in 20
Since its launch in March 2005, Emirates Korea has played the role of connecting Korea and Dubai by providing non-stop flight services. Since its inception, Emirates Korea has contributed to Koreans’ shift in focus from the U.S., Europe, and Southeast Asia to the Middle East and Africa, thereby expa
Duncan Harrison is the country manager for Robert Walters Korea, the local branch of a specialist recruitment consultancy with offices in 24 countries. Business Korea sat down with him at his offices in the Euljiro district of Seoul to ask him about the employment scene in Seoul for professionals, R
On Sept. 13, a tripartite commission consisting of Minister of Employment and Labor Lee Ki-kweon representing the government, Chairman of the Korea Employers Federation Bahk Byong-won representing business, and President of the FKTU Kim Dong-man representing labor reached an agreement on labor refor
BusinessKorea met with Dr. Youngah Park, the current president of the Korea Institute of Science and Technology Evaluation and Planning (KISTEP), former lawmaker of the 18th National Assembly, and former professor of physics at Myungji University, to talk about the current direction of the institute
The Presidents Cup 2015 is coming to Songdo, Incheon, tomorrow, to the Jack Nicklaus Golf Club Korea – the perfect way to showcase South Korea's newest planned city to the world. BusinessKorea was able to sit down with Stan Gale, the president and CEO of Gale International, a few days ago and ask hi
The National Assembly audit on Sept. 17 has confirmed Lotte Group Chairman Shin Dong-bin’s control of the group. It was the first time that the head of one of the nation's top 10 conglomerates has appeared before an Assembly audit, attracting the attention of most businessmen this year.During a
The Hyosung Group is promoting the nation’s first carbon fiber brand of Tansome in global markets in Sept., focusing mainly on China and Europe.The company participated in the China Composites Expo 2015, an international exhibition that presents composite materials, held in Shanghai, China, from Sep
10,000 Doosan employees posted in about 200 communities of 16 countries around the world have “Doosan Day of Community Service” on Sept. 14. The day has been designated as a day for charity activities, where Doosan employees around the world voluntarily engage in various voluntary charity activities
In Russia, where concern is growing over the credit crunch due to a recent depreciation of the ruble, Samsung Electronics and LG Electronics are struggling to break through a crisis.LG Electronics has been hosting road shows in Russia from the middle of last month to Sept. 20 to showcase its new str
Among domestic duty-free shops, the Lotte Duty-Free Shop came in first in terms of incurring consumer damages. A total of 81 consumer damaging events took place at four duty free shops from 2012 to 2014, according to a report on the application for compensation for consumer damages by duty-free shop
After signing a contract with Gimcheon in Aug., E-commerce Coupang (CEO, Kim Bum-suk) entered into an investment agreement with Gwangju Metropolitan City to build a logistics center.Coupang recently announced that the company signed an agreement to invest 60 billion won (US$50 million) to build a lo
SK Hynix (CEO Park Sung–wook) announced that it has been listed on the Dow Jones Sustainability Index World (DJSI) for six consecutive years on Sept. 11.Along with the Swiss Sustainable Assets Management company, RobecoSAM, DISI World specializes in assessing corporate sustainability. Namely, DISI W
All eyes are on how much taxes the British retailer Tesco Group will pay to the South Korean government after its profit of more than 5 trillion won (US$4.21 billion) with the sale of Homeplus. Industry sources say that the company will not have to pay taxes at all, or will have to pay more than 1 t