The South Korean government is going to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).Initially, 12 countries were planning to form the TPP. However, the United States withdrew from it, and then the remaining 11 countries including Japan signed the CPTPP
Celltrion and other biotech shares plunged on August 13 after US investment bank Goldman Sachs reported negatively on biosimilars (a biologic medical product that is almost an identical copy of an original product) producer, Celltrion.Celltrion closed at 260,500 won (US$217) on the securities market
Samsung Electronics is actively stepping up its effort to build start-up ecosystems not only in Korea but also abroad. In particular, Samsung Electronics has acted as a start-up accelerator abroad for many years. A startup accelerator plays a role in supporting young start-ups’ management and develo
MCNS, a polyurethane joint venture between Korea’s SKC and Japan's Mitsui Chemicals, will make a foray into the Indian polyurethane market. MCNS held a “system house” completion ceremony at Three-City Industrial Complex in Chittoor District, Andhra Pradesh, India on August 8.A system house refer
Lee Jae-yong, vice chairman of Samsung Electronics, announced a large-scale investment plan on August 8 after keeping a low profile for a long time. “We have decided to expand new investments and recruitment to vitalize the Korean economy and nurture new industries,” a Samsung official said on the d
Hyosung Advanced Materials, a subsidiary of the Hyosung Group, announced on August 6 that its tire cord market share in India, Indonesia, Thailand, and Vietnam expanded from 22% in 2016 to 40% this year. The number of its corporate customers in these regions has risen from two to 12. A tire cord is
"Samsung Health," a health record management application for smartphone users from Samsung Electronics, surpassed 500 million downloads globally.However, the remote medical services that Samsung Health provides and are generally available in overseas countries are not provided in Korea. Korean smart
On July 9, South Korean President Moon Jae-in attended Samsung Electronics’ new smartphone factory completion ceremony in Noida, Uttar Pradesh Province in northern India. While greeting President Moon, Samsung Electronics vice chairman Lee Jae-yong bowed deeply at the waist several times. I wonder h
LG Electronics has opened an artificial intelligence (AI) research center in Toronto, Canada, marking the first time that a Korean company opened a research institute to study AI in a foreign country.On August 1, LG Electronics said that the Toronto AI Research Center would begin regular operations
SsangYong Motor Company, part of the Mahindra Group, announced on August 1 that it sold a total of 12,916 units in July 2018 – 9,823 units in domestic sales and 3,093 in exports.SsangYong’s sales for July rose 13.2% compared to sales in July 2017. This upward trend reflects a recovery in domestic sa
Samsung Electronics which had been dethroned by Xiaomi in the Indian smartphone market returned to the top spot in terms of market shares in the second quarter of this year.According to market researcher Counterpoint Research on July 25, Samsung Electronics recorded a 29% market share in the smartph
HDC Hyundai Development Company has won a road construction project on the southern coast of Mumbai, India.According to the construction industry on July 22, a joint venture between HDC Hyundai Development Company and Hindustan Construction Company (HCC), an Indian construction company, was selected
Hyundai Mobis has introduced artificial intelligence (AI) and interactive search robot technology to software development. The company is seeking to boost its competitiveness in autonomous driving and connected cars by enhancing the speed of developing future automobile software.On July 22, Hyundai
The Ministry of Trade, Industry & Energy announced on July 22 that the 23rd round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) takes place in Bangkok from July 23 to 27. The RCEP is a mega free trade agreement (FTA) among the 10 ASEAN member countries, South Korea, Chin
Platform Partners Asset Management Co. (PPAM) has succeeded in eliciting support from some shareholders of Macquarie Korea Infrastructure Fund (MKIF) for its demand that the fund cut its commissions and performance-related pay to Macquarie Korea Asset Management (MKAM), the fund’s project manager.In
Masayoshi Son, chairman of the Softbank Group of Japan, is having difficulties making his investment in Korea as he continues to invest in world-class car sharing companies. Chairman Son allocated up to 1 trillion won for investment. But he is unable to make investment because there is no car sharin
The local business circle said with one voice that it is hard to feel any changes in the government’s corporate policies. Although President Moon Jae-in offered friendly gestures toward the business community before and after his recent visit to India, the distance between the government and the cor
The Korean company Exosystems and Indian company Chainwolf were selected as the winners of K-Global@India 2018: Demo Day, which was held in New Delhi. Each company received a 1 million won cash prize and an award from the South Korean Minister of Science and ICT You Young-min.K-Global@India 2018: De
South Korea and India reached a comprehensive agreement on additional commodity and service market opening within the framework of the Comprehensive Economic Partnership Agreement (CEPA).According to the agreement, South Korea and India will open their agricultural and fisheries and petrochemical ma
The second war between Samsung Electronics Co. and Chinese smartphone manufacturers, such as Xiaomi, Huawei, Oppo and Vivo, for the Indian market to win the 1.3 billion population has just begun. Samsung Electronics had the largest share of the Indian market until last year. However, the company had