South Korean special prosecutors requested an arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong on January 16 in relation with the so-called “Choi Soon-sil Gate.”In response, South Korean entrepreneurs voiced concerns, saying, “The special prosecutors are regarding Samsung’s 20.4 bil
The 2017 season of the 24H Series, the world's largest endurance race to which Hankook Tire exclusively supplies tires will begin its 11-month race with its opening race in Dubai for three days from January 12.The 24-Hour Series is the world's largest endurance race in which the world's premium cars
Samsung Electronics vice chairman Lee Jae-yong was summoned by special prosecutors on January 12 for allegations that he offered a bribe to Choi Soon-sil and her family.After an investigation, the team of special prosecutors led by Park Young-soo is planning to determine whether or not to apply for
Hyosung is taking part in the Outdoor Retailer Winter Market 2017 held in Salt Lake City of the U.S. from January 10 to 12.The nylon polyester fiber business division introduced various high functional nylon and polyester fibers. Aeroheat is a heat generating polyester that emits thermal energy by a
The Visit Korea Committee announced that the Korea Grand Sale event takes place from January 20 to February 28. (http://www.koreagrandsale.co.kr/en/)During this event taking place one year ahead of the 2018 Pyeongchang Winter Olympics, winter festivals in the Gangwon Province such as the Olympics Fe
Samsung Electronics is expressing its will to develop 'wearable healthcare devices' as its new business item for the future instead of robots that LG Electronics and other rivals are paying attention to. It is said that wearable devices which can utilize the strengths of AI software more effectively
Kia Motors’ first rear-wheel driving sports sedan “Stinger” has been rolled up.Kia Motors unveiled the Stinger, a premium rear-wheel, five-seat premium performance sedan at the preliminary media event for the Detroit Auto Show held on January 8 (local time) in the US. The four-door coupe equipped wi
As the enforcement ordinance and regulations on “self-rating system,” which allows private game developers to classify their video games into suitability-related groups, started taking effect from January 1, Nexon is seeking to push forward an online game-only platform business for PCs using the sys
Samsung Electronics today announced on Dec. 27 it will introduce three new Smart TV services at CES 2017, to be held January 5 through January 9, 2017 in Las Vegas. The new services – including ‘Sports’, ‘Music’ and ‘TV Plus’ – will offer personalized content to consumers based on their TV preferenc
The Korea Institute of Machinery & Materials (KIMM) announced on December 13 that it developed a VR simulator for training workers for tough environments as accident sites at chemical plants, and the operation of special work equipment by making use of virtual reality (VR) technology.Dr. Cha Moo-hyu
The high dynamic range (HDR) technology, an open broadcasting platform led by Samsung Electronics, has been adopted as a next-generation broadcasting standard in Europe. The HDR technology make its videos appear more vibrant and realistic as it makes dark areas darker and light areas lighter.Accordi
It has been found that the Korea Creative Content Agency’s project for South Korean broadcasting content companies’ business in Chongqing, China has been put on hold along with the Ministry of Culture, Sports & Tourism’s documentary project with China in the wake of the South Korean government’s dec
Samsung’s investment in venture firms to dominate the smart car market in advance seems to nearly come to fruition. Samsung is expected to expand its business scope in the smart car electronic component market by combining the partnership with smart car tech venture firms and the competitiveness of
Samsung SDI Co., a battery making unit of South Korea’s largest conglomerate Samsung Group, will be supplying a next-generation cylindrical battery cells to Lucid Motors Inc., an electric vehicle (EV) startup based in the United States. Lucid Motors is considered a competitor to Tesla Motors in the
As a scandal involving President Park Geun-hye and her longtime confidante Choi Soon-sil comes to expand to the bio industry, there are growing speculations over backgrounds of Samsung BioLogics’ rapid growth in business. The speculations are that Samsung BioLogics had received preferential treatmen
The leaders of nine major Korean conglomerates on December 6 attended the first National Assembly hearing for a scandal involving President Park Geun-hye and her longtime confidante Choi Soon-sil with no government position and pledged to eradicate deep-rooted collusive links between politicians and
The Chinese government issued an industrial regulatory plan that will expand the minimum size of battery manufacturers’ facilities in China 40-fold. Korean battery companies such as LG Chem, Samsung SDI, and SK Innovation seem to be virtually unable to get approval for several years.The Korean batte
The ramp has been built, the snow is in place, the crowds are ready to come and cheer, and now the athletes are in PyeongChang ahead of the FIS Snowboard World Cup which takes place on 25-26 November at the Alpensia Ski Jumping Center.This is the first of the 2016/2017 season’s test events ahead of
As virtual reality (VR) games are emerging as the future lucrative models in the gaming industry, most companies are developing a set-top box (console) for gaming, which is connected with TVs rather than smartphones, as the platform of VR games. Therefore, all eyes are on the direction of VR game de
WAUG,(http://www.waug.co.kr) a Korea-based booking platform for tours and activities, has raised series A funding from Cognitive Investment and D.CAMP to expend its business globally.WAUG Travel launched the service a year ago to make the booking process for vacation activities much easier. Based in