South Korean manufacturers’ investment in China, Vietnam and the United States soared by 76.5 percent in one year for their response to trade protectionism and more cooperation with global companies.According to KDB Future Strategy Research Institute, their reported investment in the three countries

The Ministry of Trade, Industry and Energy announced that the South Korean and Japanese governments had their first bilateral negotiations on Japan’s export curbs in Geneva, Switzerland on Oct. 11 (local time). The two sides failed to reach an agreement in the first stage of the WTO dispute settleme

Foreign direct investment (FDI) in Korea has rebounded for the first time in five quarters.According to the Ministry of Trade, Industry and Energy on Oct. 10, third-quarter FDI increased 4.8 percent on year to US$3.61 billion, turning around from four consecutive quarters of decline. However, FDI ar

Automobile production in Korea slid by about 5 percent in September compared to a year ago. The blame falls on GM Korea workers’ strike and Hyundai Motor’s sluggish commercial vehicle sales.According to the Korea Automobile Manufacturers Association on Oct. 10, a total of 278,016 vehicles were produ

Kookmin Bank’s simple payment service “Liiv Bank Pay” will be available in Japan starting next month. This is the first overseas simple payment service launched by a Korean commercial bank. Other banks are also expanding their simple payment services to global markets following Naver Pay and Kakao P

The state-run Export-Import Bank of Korea (Eximbank) announced on Oct. 10 that it will extend US$750 million (896.60 billion won) to Reliance Jio Infocomm Ltd., the largest mobile carrier in India, in the form of a loan and credit guarantees. Samsung Electronics Co. has won the 4G project from the I

The National Tax Service (NTS) has found out that seven high-income YouTubers have failed to report 4.50 billion won (US$3.78 million) of their income to the tax office.The NTS recently conducted a tax audit on YouTubers who were suspected of tax dodging. It submitted the results of its audit to Rep

The competitiveness of South Korea's labor market moved down three notches in this year's national competitiveness report published by the World Economic Forum.In particular, Korea's ranking in the employment and dismissal practices, which indicate the flexibility of the labor market, fe

Along with 5G and system semiconductors, Lee Jae-yong, vice-chairman of Samsung Electronics, has chosen quantum dot (QD) displays as Samsung’s future growth engine. Lee announced a 13 trillion qon investment plan in the next-generation display technology to turn the tide for the Korean display indus

[비지니스코리아=최문희 기자] CJ제일제당은 오는 17일부터 미국에서 비비고 글로벌 TV광고를 새롭게 선보인다고 11일 밝혔다.이번 광고는 지난해와 동일하게 새로운 경험과 다양성을 선호하는 미국의 2035 밀레니얼 세대를 겨냥해 제작됐다. 다소 생소하게 느낄 수 있는 한식과 한국 식문화를 자연스럽게 받아들일 수 있는 소비층으로 판단했기 때문이다.광고에서는 현지 밀레니얼 세대들이 비비고 대표 제품인 ‘만두(MANDU)’를 피크닉, 파티, 일상생활 등에서 다양하게 즐긴다. 가족, 친구들과 함께 '비비고 만두'를 즐기는 영

LG Display Co. is accelerating its shift from liquid crystal display (LCD) panels to organic light emitting diode (OLED) panels as profitability of its LCD business is worsening due to a steady drop in LCD prices.The proportion of LG Display’s OLED sales in its total sales is expected to be only 17

LG Technology Ventures, a venture capital firm established by LG Group in Silicon Valley to look for future growth engines, is investing in a biotech startup this time.The company recently participated in a US$85 million series B funding round promoted by Arcellx in the United States, according to i

[비지니스코리아=윤영실 기자] 박정호 SK텔레콤 사장이 최근 독일에서 열린 ‘5Germany’ 국제 컨퍼런스에서 독일 내 정·재계 인사들에게 5G 혁신 스토리와 노하우를 전수했다.‘5Germany’는 독일 교통·인프라부 장관을 비롯해 BMW, 도이치텔레콤, 바스프(BASF), ABB그룹 CEO 등이 5G를 통한 산업 혁신을 모색하기 위해 마련된 행사로, 독일 베를린에서 지난 9월 27일 열렸다.이 자리에서 박정호 사장은 ‘대한민국이 어떻게 5G 글로벌 리더가 되었는가(How Korea is Becoming the Leader in

As artificial intelligence (AI) has emerged as a vital part of the Fourth Industrial Revolution, many companies and researchers at home and abroad are taking on the development of AI-integrated services in the bio-health sector.In particular, Korea can stand out in this sector as it has strong ICT i

The growing popularity of the Galaxy Fold is raising expectations of Samsung Display as the proportion of the display in the total price of components in the foldable phone is more than two times higher than existing models.It is difficult to churn out foldable displays in a short period of time, bu

[비지니스코리아=정석이 기자] 한국과 중남미 유망 혁신기술기업들의 글로벌 교차 진출에 청신호가 켜졌다.본투글로벌센터는 지난 8일 서울 신라호텔에서 열린 한-중남미 스타트업 피치데이(Korea-LAC Startup Pitch Day) 및 일대일 파트너링데이에 국내외 주요 투자사, 대기업, 바이어, 스타트업 등 관계자 200여명이 참석하며, 글로벌 교차 진출에 대한 높은 관심을 보였다고 10일 밝혔다.이번 행사는 한-중남미 혁신기술기업 간 협력모델 확대를 목적으로 추진됐다.루이스 알베르토 모레노 IDB 총재는 개회사를 통해 “새로운 일

Chinese display producers, which have massively rolled out low-priced products to dominate the global liquid crystal display (LCD) panel market, are struggling as LCD panel prices have plunged. They cannot even survive without the Chinese government’s subsidies.Chinese display companies, such as BOE

Samsung SDS announced on Oct. 9 that it has been named as Korea’s representative blockchain operator by Forrester, a global information technology (IT) advisory group.Forrester picked out Korea's Samsung SDS, China's JD Cloud, Japan's NTT Data, and Thailand's IBM as the representativ

Hyundai Motors is reportedly considering launching a new electric vehicle (project name: NE) in the European market first before its launch in Korea.Hyundai is planning to produce the new model NE at its Ulsan plant in Korea during the first quarter of 2021, said sources in the Korean automobile ind

South Korea is expected to take the initiative in setting up international standards on building ships fueled by LPG. Since LPG-powered ships are not in operation around the world, there are no international standards on building them now.The South Korean Ministry of Oceans and Fisheries recently su