WeMade Entertainment, which is currently engaged in a legal battle with China’s Shanda Games over the intellectual property (IP) rights of its popular game “The Legend of Mir,” denied rumors of the sale of the company.During an interview with reporters at the headquarters in Pangyo, Gyeonggi Provinc
The Korea Electronics Technology Institute (KETI) has succeeded in developing a high sensitive bio sensor diagnosing osteoporosis on November 24. The sensor, which was co-developed by Sungkyungkwan University, can diagnose osteoporosis by detecting and quantitating parathyroid hormone (PTH), the mai
Doosan Infracore has pocketed its pride and lowered the initial public offering (IPO) price of Doosan Bobcat in order to list the company again. It is urgent for Doosan to restructure the group by making debt redemption through the IPO of Doosan Bobcat. Doosan announced on November 7 that it set the
The status of Samsung Electronics’ light-emitting diode (LED) business has dramatically changed. The company’s LED business was considered the first unit to sell until recently due to China’s low-priced competitors. However, it recently succeeded in turning a profit and is strengthening its workforc
As Samsung BioLogics, the contract drug manufacturing unit of Samsung Group, is about to go public, there expectations and concerns over the role of Samsung in the bio industry at the same time. Some have a positive outlook that the domestic bio industry will take a leap forward as global leading Sa
South Korean food giant Samlip General Foods announced that it has decided to change its corporate name at the extraordinary general meeting on October 25. Staring from a ceremony to celebrate its 71st anniversary on the 28th, the company will use a new corporate name and corporate logo.Samlip Gener
Since Hanmi Pharmaceutical Co.’s “late public disclosure” scandal, pharmaceutical companies have been showing some moves to turn themselves in over so-called “negative issues.” They intend to recover the credibility of the pharmaceutical industry which deteriorated since the scandal by publicly disc
As multinational consumer goods company Procter & Gamble (P&G) invited the Korean press to the U.S. headquarters for the first time after 27 years in operation in Korea to defend the safety of its fabric refresher Febreze, there is growing criticism that the company is trying to appease the press wi
The technology levels of magnetic random access memory (MRAM) and parameter random access memory (PRAM), which have been considered the next-generation memory semiconductors that can replace DRAM, are increasing at a fast pace through the research and development process. In particular, Samsung Elec
The Ministry of Culture, Sports and Tourism announced on July 4 that it has selected “CREATIVE KOREA” as the Republic of Korea’s new nation brand, explaining the new brand came in by integrating core values contained in what Korean people think of as tradition and modernity, tangible and intangible
In September, “KPM,” a Korean version of the NASDAQ Private Market (NPM) that allows users to trade unlisted stocks via mobile applications, will be opened. It is created based on the unlisted stock trading platform founded by NASDAQ and SharesPost, the largest online unlisted stock trading broker i
It turned out that an apparel company Codes Combine’s share price recently showed an unexplainable hike for nine consecutive business days as it was added in the FTSE SmallCap Index. The Korea Exchange (KRX) notified to FTSE, which included Codes Combine in its global indexes, that the company has s
About 800 to 1,000 semiconductor chips, including the one folds and unfolds side-view mirrors and for vehicle communication and multimedia processing, are being used to manufacture the latest car models. Ushering in the era of smart car, the demand of semiconductor chips will be on the rise. Accordi
Lee Kang-shin, chairman of the Incheon Chamber of Commerce and Industry, has been making every effort to boost the economy and business of the Incheon Metropolitan City by active communication and interaction with local businesses and the local community including the government. With the effectuati
Korean Air Lines Co. will mass produce an unmanned aerial vehicle (UAV).The nation’s No. 1 air carrier announced on Jan. 10 that it has signed a deal with the Defense Acquisition Program Administration (DAPA) at the end of December last year to mass produce a new UAV, or drone, for military reconnai
With a restructuring whirlwind hitting the Korean shipbuilding industry, various restructuring scenarios are flying around, fueling confusion in the industry. According to creditors and the shipbuilding industry on Nov. 22, the government originally pushed forward with coupling-style restructuring,
As Volkswagen’s emissions scandal, dubbed “Dieselgate,” hit the global auto market, Japanese automakers are targeting the hybrid electric vehicle (HEV) market with discount events in troubled waters.With the Volkswagen scandal deflating its clean diesel image and credibility, Japanese car manufactur
In line with the spread and prevalence of the Internet of Things (IoT) and various wearable devices, the South Korean government has decided to establish a “Hyper-connectivity Intelligent Network” (HIN) by 2020. HIN is a network that connects all things and people everywhere in the country and provi
South Korea's leading mobile carrier KT announced that it would hold an event for the new opening of an Internet Data Center (IDC) exclusively for financial investors in Yeouido on Sept. 8, and start operations on Sept. 9.An IDC provides IT infrastructure and services such as servers, dedicated
The hottest gadgets on crowdfunding platforms like Kickstarter and Indiegogo aren’t coming from Silicon Valley, MIT or even New York. They’re coming from someplace far more surprising – South Korea.That’s not to say that Korea doesn’t have the talent or tech knowhow to produce cool kit. Korea is hom