Mando will accelerate its global market penetration by setting up an auto parts manufacturing complex in Mexico.Mando announced on Aug. 16 that it held a groundbreaking ceremony for its new auto parts manufacturing plant in Arteaga City, Coahuila Province, located in northeastern Mexico. Having a to
Over the past half decade, the number of franchises launched by Korean companies abroad has increased significantly. At the end of 2014, there were a total of 138 registered franchise brands operating in overseas markets with 3,726 registered franchise outlets. To better understand their expansion,
A large-scale developer summit related to the Tizen Operating System (OS) led by Samsung Electronics has started. Tizen OS is receiving a lot of attention as to whether or not it will curb the dominance of Google's Android OS and Apple's iOS. The Z3, Samsung's second Tizen phone, is expe
Samsung Electronics reportedly maintained the top spot in the Indian smartphone market in the second half of this year. India is the third-largest smartphone market in the world.According to Hong Kong-based market research firm Counterpoint Research on July 28, Samsung captured 24.5 percent of the I
Samsung Electronics' efforts to expand its Tizen operating system (OS), which was created to counter the dominance of Google's Android OS and Apple's iOS, has begun in earnest.Samsung has decided to target emerging countries in Asia like India that are still less influenced by Google and
The Small & Medium Business Administration held the Korea-China Venture Investment Exchange in Beijing from July 21 to 22 with venture capital firms, venture firms and the Korea Venture Investment Corporation so as to form cooperation networks with the Chinese venture investment industry. The confer
Online to Offline (O2O) services are already used in many types of everyday life, but they are increasingly expanding to the taxi-hailing, real estate, and used-car transactions as well.The boundary in people's daily life between online and offline is disappearing, and a new O2O sector is rapidl
Korea’s smartphone penetration rate has been ranked fourth in the world.Citing data from TNS Infratest and Google, KT’s research arm Digieco unveiled on July 8 that Korea’s smartphone penetration rate reached 83 percent as of the end of March, putting the nation into the 4th place in the world.Of th
Many Koreans are reportedly using smartphones to access the Internet. Nine out of ten smartphone users in the nation are actively using smartphones to search for information, while seven out of ten Chinese people, five in the U.S., and three in Japan are using smartphones for that purpose.According
According to industry sources on June 29, small and medium-sized Korean gaming companies are under attack from a large number of foreign mobile game developers. They are also suffering from large local gaming companies' domination of the market and a delay in the government's support.The wei
The Electronics and Telecommunications Research Institute (ETRI) announced on June 22 that it has succeeded in developing the core software and basic technology to make small cells, large-scale base stations, with the potential to reduce the number of communication blind spots.To date, global commun
Samsung Display showcased the industry's first transparent OLED display. This product, which boasts the highest-level of penetration, reflexibility, and color reproduction is expected to create synergy in many fields including cars, marketing, and fashion by combining with Intel's augmented
Smaller businesses and ventures are considered by many to be the future of the Korean economy, as it will make a break from large conglomerates in the next few years. BusinessKorea sat down with Han Jung-hwa, administrator of the Small and Medium Business Administration, to talk about the advantages
Samyang Biopharm, the Samyang Group's biopharmaceutical affiliate, announced on June 4 that it signed a contract with Seattle-based Compliment Corporation to introduce a technology for facilitating tumor penetration.The technology in question is a biomaterial named Opus, which plays a role in di
The Electronics and Telecommunications Research Institute (ETRI) announced on June 1 that it signed a Memorandum of Understanding (MOU) with Belgium-based ICT research center iMinds to cultivate joint research projects and facilitate the transfer of manufacturing technology in the fields of 5G, IoT,
KT's president is actively working to provide the Internet of Small Things service, accelerating preparations for related businesses. Hence, the industry is paying attention to whether or not KT will be able to make the Internet of Small Things business, which is specialized for quickly sending
The Korea International Trade Association announced on May 25 that the number of startups in Korea increased 12.1 percent from a year earlier to 84,697 last year. But many of them are failing to overcome Death Valley, which can be defined as their third to seventh years when they face difficulties i
More than 750,000 spam emails were sent out in bursts in Jan. 2014. Surprisingly, it was not computers that blasted these unwanted messages, but televisions and refrigerators. Proofpoint, an American security firm, has uncovered a cyber attack that involves hacking wired home appliances and sending
Chinese smartphone makers are noticeably changing their strategy from low-priced to high-priced handsets. It can be interpreted as an indication of their belief that instead of low-cost products, a premium strategy is now necessary, as the Chinese smartphone market starts to reach its saturation poi
Google opened its first Asian startup campus, a system to support and facilitate global entrepreneurs, in Seoul on May 8, and expectations are growing for Korean start-ups will begin to go global.Through its “Campus Seoul,” Google will help develop Korea’s creative ideas into creating local start-up