Recently, U.S. Secretary of State Mike Pompeo publicly referred to SK Telecom and KT, two Korean mobile carriers which do not use Huawei equipment, as “clean” companies. With respect to LG Uplus’ use of Huawei equipment, Robert Strayer, deputy assistant secretary of state for cyber and international
China has officially recognized Korea Ginseng Corporation’s Cheong Kwan Jang as a well-known brand. This means the brand is eligible for special protection by the Chinese government.China is where South Korean companies apply for the largest number of trademarks and their intellectual property right
A North Korean defector who was recently elected as a lawmaker in South Korea said that North Korean leader Kim Jong-un is in critical condition due to poor cardiovascular health and is incapable of exercising his control of the government, the Chosun Ilbo reported on April 21.Ji Sung-ho, a lawmaker
Attention is focusing on whether a Korea-U.S. monetary swap agreement will be signed in 10 years.“Currently, I think there is no problem with Korea’s external soundness, but the more safety nets we have, the better,” said an official from the Ministry of Strategy and Finance on March 12. "It is good
Doosan Heavy Industries & Construction, which has suffered a big drop in its earnings due to the government's “nuclear phase-out policy” will eventually enter a restructuring phase. Some nuclear industry experts says that the government will not avoid a criticism that the government which declar
Blockchain-based Karaoke DApp, SOMESING, announced its listing on the DCoin Exchange, along with the signing of an MOU on strategic cooperation for global expansion on the 28th of November. SOMESING will be listed on the Dcoin on the 5th of December.The Dcoin Exchange, established in Switzerland, is
Blockchain-based karaoke dApp SOMESING announced on Nov. 28 its listing on Dcoin Exchange, a global cryptocurrency exchange platform with which it has signed an MOU on strategic cooperation for global expansion. SOMESING will be listed on Dcoin on Dec. 5.Dcoin Exchange, established in Switzerland, r
Samsung Electronics is planning to focus on helping smaller South Korean firms develop semiconductor and display materials and components, rather than developing those on its own, against Japan’s export restrictions. This is because Samsung Electronics is a key part of the global electronics and IT
The Japanese government announced on July 1 that it would start to restrict the export of semiconductor and display materials to South Korea from July 4, causing many South Korean companies to be nervous.“Japanese companies now must obtain a permission from the Japanese government to export resist,
The Yomiuri Shimbun reported on July 3 that a number of Japanese companies are expressing concerns that the Japanese government’s export restrictions against South Korea would negatively affect themselves and the overall economic ties between the two countries. Some Japanese experts are pointing out
While the Invossa shock has damaged the credibility of Korea’s biotech industry, Korean biotechnology companies are redoubling efforts to find their way into the overseas market.Industry sources said on June 2 that a total of 37 Korean companies will participate in Bio USA 2019, the world's larg
IDIS, the global video surveillance player based in South Korea, has inked a deal with The Japan Victor Company, or JVC, to sell IDIS-branded products through JVC in Japan. JVC chose IDIS for its extensive high-performance and technologically advanced integrated product lineups, both IP and analog-b
China’s largest contract manufacturing organization (CMO) WuXi Biologics has virtually lost manufacturing of a new drug for the U.S. market to Samsung Biologics.According to Bloomberg and other foreign media outlets, Taiwan's TaiMed named Samsung Biologics, in addition to WuXi Biologics, as the
The Financial Supervisory Service (FSS) has expressed its concern about KEB Hana Bank president Ham Young-joo being selected for the third consecutive term.The financial regulator met with three outside directors of Hana Financial Group on Feb. 26 with regard to the group’s selection of candidates f
The South Korean government decided to place 140 orders for liquefied natural gas (LNG)-fueled vessels for small and midsize (SME) shipbuilders by 2025. In addition, the government provides 700 billion won (US$630 million) in new financial aid and extend loans worth 1 trillion won (US$900 million) t
KB Securities Co. has recently discovered during an inspection of its internal control system that a company employee embezzled money deposited into customers’ dormant accounts.The employee was found to have embezzled as much as 300 million won from 25 dormant accounts since April this year. KB volu
Anti-cancer drugs developed in Korea are receiving love calls from global pharmaceutical and biotechnology companies.According to the pharmaceutical industry on October 9, overseas pharmaceutical companies are seeking cooperation with Korean companies to increase the effectiveness of their drugs by
As civic groups and some members of the ruling Democratic Party criticize its recent proposal to amend the fair trade law, the Fair Trade Commission (FTC) has come forward to counter the argument.One criticism concerns the FTC’s proposal that the minimum stake that a holding company is required to h
At 4 p.m. on August 1, SEED announced its first confirmed “farming” on its official website.Farming refers to the act of participating in “energy farms” provided by SEED, a business platform based on blockchain technology that makes it easy for anyone to join profitable business while contributing t
Samsung BioLogics is in a state of perplexity as the Securities and Futures Commission (SFC) filed criminal complaints with the prosecution against the company on July 12, judging that it had “intentionally and illegally” committed accounting fraud.With Samsung BioLogics’ credibility plummeting due