SK Telecom is focusing on new ICT businesses to enhance its corporate value.All of Korea’s three major mobile carriers performed poorly in the third quarter due to investment in 5G telecommunications and increased marketing costs. However, in the case of SK Telecom, non-mobile sales accounted for mo

A controversy is brewing over the legal basis of the government's recommendation to refrain from using e-liquid. As the recommendation has weak legal binding power, there is the possibility of e-liquid distributors and manufacturers backlashing and filing an administrative lawsuit against it.The

Korea's venture ecosystem depends too much on the government and lacks investment diversity, panelists asserted at a venture ecosystem seminar held on Dec. 11.In particular, they advised the government to lay the foundation that would help venture companies improve management efficiency.The semi

The Korean government will grant a one-year grace period to companies with 50 to 299 employees in implementing the 52-hour workweek system. The shortened workweek system will go into force for this group of companies in January of next year.The government has also decided to allow special extended w

The number of executives at Korea’s top 30 conglomerates decreases year after year as a growing number of companies carry out downsizing and restructuring to offset poor performance.CEO Score, a corporate performance analysis site, has recently surveyed 262 affiliates of Korea’s major 30 groups that

South Korea’s largest retailer e-mart announced on Dec. 10 that its U.S subsidiary Good Food Holdings has acquired New Seasons Market, a local grocery chain.The acquisition cost is reportedly about US$200 million (about 239 billion won). “This acquisition has been carried out by Good Food Holdings,

POSCO International has recently sent a letter to Pertobangla, a state-run oil company of Bangladesh, requesting a review of the commercial terms of its production sharing contract (PSC) signed in 2017.POSCO International has been working in deep-sea block DS-12 in the Bay of Bengal since 2017. But

CoinExpress Exchange has implemented cryptocurrency custody services following Korea's top cryptocurrency exchanges Upbit and Bithumb. Amid fierce competition among cryptocurrency exchanges, CoinExpress Exchange, based in Japan and incorporated in Hong Kong, has launched a service that helps use

[비지니스코리아=김은진 기자] 넥슨은 11일 EA Korea 스튜디오가 개발하고 자사가 서비스하는 정통 온라인 축구게임 ‘EA SPORTS™ FIFA ONLINE 4(이하, FIFA 온라인 4)’의 아시아 최대 규모 e스포츠대회인 ‘EA Champions Cup WINTER 2019(이하, EACC WINTER 2019)’의 조 추첨 및 선수 드래프트 결과를 공개했다.10일 오후 6시 서초구 넥슨 아레나에서 진행된 조 추첨식을 통해 7개국에서 모인 12개 EACC 국가 대표팀의 그룹 배정이 완료됐다. 한국 대표팀 ‘성남FC’, ‘아

According to new research by Agoda, one of the world's fastest growing digital travel platforms, the top reasons people travel are "Nature or Scenery," "Sun, Beaches or Islands," and "Food & Dining." Jeju Island, in Korea, has all of these to offer -- so it is no surprise that it has become so p

Korea’s consolidated fiscal balance (the government’s gross expenditures minus the government’s gross income) posted a record deficit of 11.11 trillion won in the January-October period of this year.The deficit on the operational fiscal balance, which shows the government's net fiscal situation,

Korean companies suffered a drop in their operating profits in 2018 for the first time since relevant data began to be collected in Korea. Their profitability deteriorated due to a slump in Korea’s flagship industries such as construction, shipbuilding, and automobiles. In particular, small and medi

Foreign capital outflow from the Korean stock and bond markets hit a 13-month high in November.The Bank of Korea said on Dec. 10 that US$3.96 billion of foreigners’ stock and bond funds left Korea last month. This was the largest amount in 13 months since US$4.27 billion flowed out of Korea in Octob

The Small but Strong Global Company Fostering project led by the Korea Institute for Advanced Technology (KIAT) is playing the role of a stepping stone for promising small and medium-sized Korean enterprises that want to go global.Support projects usually proceed in the following order –- an explana

Dulwich College Seoul’s combined choirs and musical ensembles totaling 120 students performed Christmas carols at the Seochu-gu campus on the evening of Dec. 10. The performers, who range in age from eight to 18 years, sang traditional Christmas carols such as “Deck the Halls” and “Joy to the World”

Korea Exchange (KRX) plans to simplify the listing system of the KOSDAQ market by focusing on the future value of the applicants, ​​such as market capitalization. KRX will also introduce a management system for algorithmic trading.KRX Chairman Jung Ji-won disclosed the exchange’s business plan for n

The Korean government will establish a ministerial channel with the German government to strengthen industrial cooperation in the field of material and components.Minister of Trade, Industry and Energy Sung Yun-mo met with Peter Altmaier, federal minister for economic affairs and energy of Germany o

South Korean researchers have successfully increased energy efficiency in converting carbon dioxide (CO2) into gasoline to as high as 65 to 70 percent. They said that the efficiency is 5-10 percentage points higher than that of Germany, which global scientists regard as a standard.The scientists are

Former Daewoo Group chairman Kim Woo-choong, once a symbol of global expansion of Korean conglomerates, died on Dec. 9 at the age of 82.The iconic business tycoon died of a chronic disease at 11:50 p.m. on Dec. 9, said the Daewoosky Institute, a group of former Daewoo Group employees, on Dec. 10. “K

[비지니스코리아=이송훈 기자] 강원도는 오는 12월 11일 국회 헌정기념관에서 액화수소 산업의 주도권을 선점하고, 액화수소 기반 구축과 활성화 방안을 모색하기 위해 “수소도시 비전선포 및 액화수소포럼”을 개최한다.지난 5월 평창 알펜시아 리조트에서 개최된 “국제수소포럼 2019”이후 강원도가 두번째로 기획한 이번 포럼은 강원도와 삼척시, 강원대학교, 한국가스공사, 한국동서발전㈜, 한국과학기술연구원이 공동주관하고 H2KOREA, 현대자동차, 현대건설㈜, 하이넷, 유진초저온㈜, 하이리움산업㈜, JNK히터㈜가 공동 후원한다.행사 1부에서