This year, 23 cars have been chosen to get their fuel efficiency verified. The figure has been increased by nine vehicles, or 64 percent, from 14 last year.As the targets have been largely expanded, and the verification method has stricter than last year, auto makers seem uneasy about their models p
POSCO came to a definite decision to decrease the number of its subsidiaries in half by 2017.During a conference held at the Korea Exchange in Yeouido, Seoul, on July 15, Chairman Kwon Oh-joon unveiled measures to restructure the company, including reorganization of its business portfolio to strengt
On June 22nd, the Seoul Central District Court ordered Elliott’s legal representative, Nexus, to submit the original of a document that analyzes the value of Samsung C&T Corp. and Cheil Corp. The legitimacy of this document was called into question by Samsung C&T's legal team the day before. The
Amid the continuous bullish market, some expressed concerns while others suggested the possibility of an additional increase. Samsung Securities said on April 17, “There are excessive expectations for liquidity in the stock market. The Korean stock market has risen very quickly compared to its funda
Dasan Networks is to begin the home production of communications equipment in the aerospace and defense industry. On April 2, the company announced that it received the first AS9100 certification from British Standards Institution (BSI), the global quality management system certification authority,
Korea's presidential office plans to set up a cyber security control tower inside its National Security Office to deal with cyber attacks. Spokesman Min Kyung-wook says that the move is aimed to strengthen the top office's role in cyber security and to respond more effectively to cyber attacks. And
IKEA charges higher prices in Korea, the Consumers Union of Korea (CUK) reported today. After surveying 49 IKEA products traded across the world, the civic group found that the local prices are the second highest in South Korea after Sweden among 21 OECD member nations. And it added that roughly 90
South Korea and Qatar signed Memoranda of Understanding (MOUs) to enhance bilateral cooperation in various fields on Sunday. Qatar, President Park’s final destination on her four-nation trip around the Middle East, has been diplomatically tied with Korea since 1974. Park and her Qatari counterpart E
Prosecutors searched the Yeouido, Seoul office of LG Electronics and its factory at Changwon, South Gyeongsang Province on Dec. 26.Seoul Central District Prosecutor’s Office is currently investigating the incident of Samsung Electronics washing machine vandalism during the IFA 2014, which was held i
“Korea Materials & Components Week 2014” will be held in KINTEX 10 Hall from Oct. 22 to 24. The event has been held since 2005 to promote the industry of local materials and components, contributing to the enhancement of the international competitiveness of the industry. On the occasion of this year
The level of satisfaction that Koreans feel about their lives is lower than what other Asians feel.On Sept. 16 Gallup, the U.S. survey company, and Healthways, a health consulting company, announced the rankings of the 2013 world quality of life index conducted through phone surveys and interviews t
The healthcare IT of Korea has expanded to global markets such as the Middle East, Asia, and Africa, and is performing very well overseas. Especially since the number of the cases in which professional medical IT companies and big corporations centered on medical institutions are jointly entering fo
The emissions trading system starts next year. But a subsidy on low-carbon vehicles, which was supposed to start next year as well, has been delayed until 2021.In a political decision sense, there might be adverse effects on Korean industries if the two systems become effective at the same time. The
Samsung Electronics started mass production of high capacity 800GB Solid State Drives (SSDs) based on the Serial Attached SCSI (SAS) interface.SAS is a high-tech interface that is capable of producing SSDs twice as fast as the Serial ATA (SATA) connections primarily used for hard drives in PCs. The
TNPI, The Coffee Bean & Tea Leaf’s franchise company in China, recently sued Mirae Asset Chairman Park Hyun-ju. The case has been assigned to the Seoul Central District Prosecutor's Office.Earlier this month, the Prosecutor's Office investigated the CEO of TNPI as the plaintiff. The company signed
The operating profits of Samsung SDI during the second quarter was 700 million won (US$681,996), turning into a surplus from a loss, but this is 97.8 percent less than the same period last year.Samsung SDI announced on July 28 that during the second quarter, sales were 1.486 trillion won (US$1.445 b
The Nautilus Institute for Security and Sustainability pointed out that it is neither feasible nor desirable for South Korea to develop nuclear weapons on its own, or to redeploy any U.S. nuclear weapons to South Korea in an article published on July 28 (local time). Written by director Peter Hayes
The global competitiveness of GM Korea seems to be regaining credibility as illustrated by the decision to manufacture subsequent models of the Chevrolet Cruze, first introduced at the Beijing Motor Show last April, at GM Korea's Gunsan factory.General Motors Company of the U.S., manufacturer of Che
The Hyundai Group has been done with self-restructuring strategies including the selloff of Hyundai Logistics, and the protected shipping and North Korea businesses.The Hyundai Group has kept the shipping and North Korea businesses and created a foundation for rejuvenating those businesses even whil
Korean electronic government has won the first place at a biennial UN evaluation 3 times consecutively.The UN electronic government evaluation has assessed 193 member countries since 2003. According to its announcement on June 24, Korea scored the top in each part as well as totally. This proves tha