Financial authorities have begun to take steps to introduce the Asia Region Funds Passport, an initiative among five East Asian countries to facilitate the cross-border marketing of managed funds.The Financial Services Commission (FSC) announced on June 12 that an amendment to the Capital Market and
The global TV market is showing signs of escaping three years of recession.Sales increased in the first quarter of this year as demand for large and high-definition TVs jumped with the upcoming major sports events such as the World Cup in Russia.World TV sales in the first quarter of this year amoun
Ssangyong Motor is taking part in a series of sporting events in Europe in a bid to strengthen its brand image in the market.The Norwegian unit of Ssangyong has become the official sponsor for the Birkebeiner moniker, one of the largest sporting events held in Northern Europe, the South Korean-based
Lotte Property and Development will hold this year’s international vertical marathon Sky Run on May 13 (Sunday) at Lotte World Tower in Seoul.Participants in the marathon will run all the way up to the observatory on the 123th floor, taking on the challenge of climbing a total of 2,917 stairs that a
Hyundai Motor and Kia Motors are planning to roll out 130,000 units of electric cars per year by 2021, three times more than their output this year.According to industry sources on May 1, Hyundai and Kia are planning to expand their electric car production systems to increase their EV models to 15,
Patent applications related to smart apparel, which integrates clothing and electronic communication technology, is surging amid a rapid growth in the market for such clothing. According to the Office of Patent Administration, patent applications for smart clothing surged in recent three years with
Samsung Electronics has been chosen as the most trusted brand in India, a mega market of 1.2 billion people, for the second consecutive year. LG also ranked third fro two years in a row, enhancing its brand value.On April 18, the Economic Times, a major economic daily in India, reported that Samsung
The South Korean government will announce a tentatively called “joint countermeasure for overseas websites distributing pirated content” in the middle of this month.The South Korean government will start the development of technology that blocks illegal reproduction and distribution websites, like “
Hyundai Motor will launch its diesel car in the US for the first time in more than 30 years since its entry into the US market. With the launch of the new Santa Fe Diesel, which is a sports utility (SUV) to be launched in the US in July or August, the company is determined to meet demand for diesel
Hyosung will make a full-scale foray into the Indonesian textile market where Muslims account for 87% of Indonesia’s population.Hyosung announced on April 4 that the company would begin to enter the local market as a global premium textile brand by participating in the Indo Intertex, a textile indus
Samsung Electronics released new QLED TVs in the United States on March 18. The company is expected to sell the products at lower prices than before in various markets including the U.S. in order to increase the size of the market.For example, the new 55-inch Q7 is priced at US$1,999 whereas the sam
The Korean player game ‘PlayerUnkonwn’s Battlegrounds,’ which is enjoying strong popularity at home and abroad, is receiving a lot of attention from the US video contents market.According to industry sources on March 15, PUBG Corporation, which created ‘PlayerUnkonwn’s Battlegrounds,’ recently recei
It has been found that the number of inbound tourists from nine Southeast Asian countries – Taiwan, Thailand, Hong Kong, Malaysia, Philippines, Vietnam, Singapore, Indonesia and Myanmar – increased from 2,007,605 to 3,057,180 between 2015 and last year. For reference, a total of 3,116,505 Chinese to
Hyundai Motor will set up a new high-performance business unit and launch high-performance cars and racing cars business in earnest. To this end, the automaker brought in an executive who was responsible for BMW's high-performance car segment.Hyundai Motor announced on March 1 that the automaker new
Global information and communication technology (ICT) companies set their sights on videos and cameras that can shoot videos. This fact is construed as a strategy for those of a 'new consumer generation' who have been familiar with videos rather than texts or photos while using smartphones from thei
A 5G demonstration by KT received rave reviews and much attention from the world ICT industry and at the same time, a KT subsidiary was raided by the police over an allegation that KT gave illegal political funds.KT Corp is experiencing both positive and negative things at the same time upon the end
Samsung, Apple, Facebook and Google are leading global information technology (IT) players competing fiercely in the smartphone and Internet markets. But the artificial intelligence (AI) era is changing the way they move. This is none other than the news business. This is because even though AI tech
The arrest of Shin Dong-bin, chairman of Lotte Group, is unleashing a strong firestorm. Lotte Holdings Japan whose largest shareholder is Kwang Yoon Sa (Koiyunsya) at the top of the corporate governance structure of Lotte Korea and Lotte Japan is expressing concern about the arrest of chairman Shin
On February 8, Samsung Electronics unveiled the world’s first 256 GB embedded Universal Flash Storage (eUFS) for use in vehicles.eUFS memory chips for use in cars are incorporated into the advanced driver assistant systems (ADAS), infotainment systems, dashboard systems, and so on of high-end sedans
Global telecom industry big shots will fly into Korea to see the world's first 5G mobile communication during the Pyeongchang Winter Olympics. They are expected to directly observe the status of 5G, apply what they will see in Korea to their own 5G strategies and strengthen cooperation with Korean c