LG Electronics has filed a patent infringement suit against Hisense, a major Chinese television manufacturer. The lawsuit is the first case since LG sued a Chinese TV company 12 years ago.LG announced on Nov. 4 that it has filed a TV-related patent infringement lawsuit with a district court in Calif
South Korea, China, Japan, Australia, New Zealand and the 10 member countries of the Association of Southeast Asian Nations (ASEAN) provisionally concluded the Regional Comprehensive Economic Partnership (RCEP). The mega free trade agreement (FTA) accounting for one-third of the total GDP of the wor
Hyundai Motor Group ranked fourth in the European car market as its market share rebounds to the 8 percent range in one year. Excluding European carmakers, the combined share of Hyundai Motor and Kia Motors came in first in the market.Hyundai and Kia jointly recorded an 8.0 percent share in 28 EU me
The Korean government has launched an intensive investigation into the recent spate of BMW car fires.The Ministry of Land, Infrastructure and Transport said on Nov. 1 that an investigation team has conducted a field survey of the five BMW car fires that took place in the Seoul metropolitan area rece
Samsung Electronics and Huawei will have a foldable phone duel in China. The Korean mobile phone maker has a market share of less than 1 percent in China, but it is eyeing a rebound with the foldable phone Galaxy Fold. Huawei has suffered a loss of smartphone sales channels in overseas markets due t
Samsung Electronics will face more difficulties in achieving its goal of becoming No. 1 in system semiconductors by 2030 with the solidification of a partnership between Chinese telecommunication equipment maker Huawei and Taiwanese foundry leader TSMC, industry watchers say.Huawei's affiliate a
Debate over the 8K TV is intensifying abroad as well as in Korea. As North America has become the world’s largest 8K TV market, beating Europe, a debate over the resolution credential for 8K TVs is likely to flare up at the world’s biggest tech event, Consumer Electronics Show (CES) 2020 to be held
Samsung Electronics is stepping up efforts to expand its blockchain business. The company has unveiled a software development kit (SDKs) which allows developers of blockchain-based decentralized applications (DApps) to create a blockchain platform for Galaxy devices.The Korean tech giant released it
U.S. Commerce Secretary Wilbur Ross remarked on Nov. 3 that he had good conversations with the European Union, Japan and South Korea and the Donald Trump administration may not need to impose tariffs on imported automobiles and auto parts.He is currently attending the ASEAN Summit in Bangkok, Thaila
South Korean Environment Minister Cho Myung-rae and Chinese Ecology and Environment Minister Li Ganjie presided over their annual meeting in Seoul on Nov. 4. They agreed to have high-ranking policy coordination meetings on a regular basis in February this year and the meeting in Seoul was the first
South Korean President Moon Jae-in met with Japanese Prime Minister Shinzo Abe in Bangkok, Thailand on Nov. 4. Although they resumed their communication, any improvement in the relations between the two countries remains to be seen. Earlier, Japan said that there would be no summit talks with South
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,195 units in October 2019 -- 8,045 units in domestic sales and 2,150 in exports. SsangYong’s domestic sales in October dropped 20.2 percent from a year ago due to weak market demand and i
The Incheon Free Economic Zone (IFEZ) Authority has recently discussed cooperation with Imperial College London on its plan to build a startup/venture town in Songdo International City in Incheon, Korea.IFEZ Commissioner Lee Won-jae met with Prashanthini Jeyarajan, an industry partnerships and comme
Henkel AG & Co., a German chemical and consumer goods company, has started construction of a new production plant for advanced electronic materials at the Incheon Free Economic Zone (IFEZ) in Songdo, Incheon City in Korea.The IFEZ authority said on Oct. 29 that a groundbreaking ceremony was held at
Korea’s cryptocurrency industry is making all-out efforts to build an anti-money laundering (AML) system to comply with the recommendations of the Financial Action Task Force (FATA) that go into effect in June 2020.The inter-governmental watchdog asks cryptocurrency exchanges and virtual asset servi
SK Telecom and KT have won global recognition for their leadership in 5G communication technology development.SK Telecom announced on Oct. 31 that it has an award in the innovative communication technology category at the World Communication Awards (WCA) held in London, the United Kingdom.The WCA wa
Daelim Industrial announced on Oct. 31 that it will expand its high value-added petrochemical business through an overseas M&A deal worth US$530 million.Daelim Industrial’s board of directors approved on Oct. 30 the company’s plan to acquire the Cariflex Business Division from Kraton Corp. of the Un
The South Korean government came up with a plan to reduce the cost of hydrogen production to the level of fossil fuel costs by 2040 by means of a series of R&D projects. Its hydrogen technology development roadmap released on Oct. 31 includes R&D plans covering 49 technologies and techniques in five
The South Korean government announced on Oct. 31 that an amendment to the Act on the Measures for the Admission to International Financial Institutions passed the plenary session of the National Assembly. The purpose of the amendment is for South Korea to become a member of the Central American Bank
The South Korean government is exploring new models of economic cooperation with Japan and Southeast Asian countries. The effort takes into account the possibility of improved bilateral relations with Japan and is expected to help mitigate the ongoing tension between South Korea and Japan.The Minist