It has been found that over the last six years, 21 government-designated core technologies including OLED (organic light emitting diode)-related technologies have been leaked overseas. It is pointed out that now that many of the leaked core technologies are technologies commercialized for the first
Samsung Electronics has been approved to run an autonomous vehicle test in the United States, the Financial Times (FT) reported on September 1 (local time).A spokesperson for the California Department of Motor Vehicles (DMV) said it allowed the autonomous drive test by Samsung Electronics' semicondu
South Korea’s largest utility provider Korea Energy Power Corp (KEPCO) is reportedly in talks to acquire a California-based solar power plant in the United States, according to Reuters on August 27 and KEPCO on September 1. After a recent meeting with the company that owns the power plant in Califor
The Ministry of Science and ICT announced on August 29 that the ministry will hold the 18th Korea-Russia Nuclear Power Joint Coordination Committee meeting with the Federal Agency for Atomic energy, or Rosatom in Moscow on August 30 and 31.At the meeting, the two sides will discuss technological coo
The Korean government will prohibit the extension of the lives of old nuclear power plants and scratch off the construction of new nuclear power plants. Aging coal power plants will be shut down earlier and an improvement in environmental facilities will cut back on pollutant emissions 50% by 2030.T
On August 28, Minister of Trade, Industry & Energy Baek Woon-kyu expressed his objection to Korea Development Bank’s plan to sell Kumho Tire to a foreign company.“The Defense Acquisition Program Administration recently asked my ministry to respect the Technology Leakage Prevention Committee’s decisi
"We will supply GiGA Solution to Thailand and Botswana," KT said on August 28. KT struck the deal with Thailand's No. 1 operator, Advanced Info Service (AIS) and Botswana's Botswana Fiber Networks (BoFiNet).KT supplied GiGA LTE Solution to AIS in Thailand and signed an agreement on supplying the sol
Chungjungone, the food division of Daesang Corp, which produces the bacon product, announced that they have ceased the production of uncooked hams and sausage products made of European port amid rising concerns over public safety due to the hepatitis E virus.The company halted the production of “Bac
Daewoo Shipbuilding & Marine Engineering (DSME) discontinued the sell-off of its Special Ship Business (defense industry) Division, which had been gone ahead with as one of its management normalization projects, because of no economic benefit from the sell-off.DSME said it decided not to pursue the
South Korea’s foreign loans slightly increased in the second quarter of this year, reaching a record high. The related soundness indicators have continuously shown a favorable trend. According to a report “Foreign Loan Trend and Evaluation at End-June in 2017” released by the Ministry of Strategy an
Korea Maritime Promotion Corporation, a dedicated support organization for the shipping industry, will be established in Busan in June of next year with capital of 5 trillion won (US$4.5 billion).The Ministry of Oceans and Fisheries announced a plan to establish Korea Maritime Promotion Corporation
Google Korea held a press conference in Seoul on August 22 and released a report on effects the open Android ecosystem has on the South Korean economy.According to the report drawn up by consulting firm AlphaBeta, the open Android ecosystem reduces South Korean manufacturers’ time for development by
The US Trade Representative (USTR) who visited Seoul to begin a negotiation to revise the Korea-US Free Trade Agreement (FTA) returned empty-handed. The US aimed to prune trade deficits by hastily revising the FTA in the automobile and steel sectors among others. However, finally the US side did not
The US auto industry is strongly demanding the revision of the Korea-US Free Trade Agreement (FTA). Both Korea and the US will start discussion on the revision of the agreement on FTA revision on a full scale on August 22.According to the automobile industry on August 21, the US American Automotive
Toshiba said that it was litigation risk that delayed a formal contract with the Korea-US-Japan Alliance, which includes SK Hynix, although the alliance was selected as the preferred bidder for the sell-off of Toshiba Memory.According to the Mainichi Shimbun Newspaper of Japan on August 21, Toshiba
The US Trade Representative (USTR) will begin a full-scale investigation into unfair trade practices, including China’s infringements on intellectual property rights, in accordance with an executive order of President Donald Trump."After consultations with interested parties and other government age
South Korea and the United States entered into formal discussions to decide whether to revise the Korea-US FTA.The Ministry of Trade, Industry and Energy of Korea and the US Trade Representative (USTR) announced on August 18 that they will hold a special session of the Joint Korea-US Free Trade Agre
Dong-A Socio Holdings announced on August 17 that Dong-A Pharmaceutical signed a memorandum of understanding (MOU) for the supply of birth control pills with the population and family planning department under the Ministry of Health of Vietnam at the headquarters in Seoul on the 16th.The signing cer
Yoo Young-min, minister of science and ICT, began to seek ways to expand the Blockchain with experts from industry, academia and research institutes. This is because if the public and private sectors cooperate in the Blockchain sector, which is spreading beyond the financial sector to the manufactur
Financial Services Commission (FSC) Vice Chairman Kim Yong-beom said on August 17 that the FSC would reform the structure of fee-for-service health insurance plans so that even patients with a medical history and retirees aged 60 or over can take out a policy. He also mentioned that it would work on