Global non-practicing entities (NPEs) are found to have used neglected Korean patents in launching attacks on Korean companies such as Samsung Electronics and LG Electronics.Patent experts say that Korean companies need to upgrade their patent management and utilization systems to survive global int

Japan has formed a huge data market together with the European Union as it won the EU’s recognition in January this year for the stability of its personal information protection system. Yet that is not the case with Korea. The three data-related bills, including the one on personal information prote

Samsung Electronics aims to become No. 1 in the global foundry business by 2030. However, the plan is facing huddles as Japan’s export restrictions on Korea have lengthened. The tech giant has not yet found alternative suppliers of photoresists for an extreme ultraviolet (EUV) process that have not

SK Chemicals announced on Nov. 27 that the U.S. Food and Drug Administration (FDA) has given the nod to its dementia treatment patch SID710 (element name: Rivastigmine). SID710 has become the first dementia treatment patch developed in Korea to receive FDA approval.SK Chemicals developed SID710 in 2

Hyundai Motor’s plant in India has emerged as the auto giant’s largest overseas production base.The company’s Indian plant rolled out 583,737 vehicles in the first 10 months of this year, down 2.97 percent from the same period of last year. But the figure was higher than the output of the company’s

As Korea's dependence on corporate tax is higher than that of other OECD members, its tax system needs improvement to maintain stable tax revenue, a report from the Korea Economic Research Institute (KERI) says.KERI, which is affiliated with the Federation of Korean Industries, has made a compar

SK Innovation is facing an unfavorable decision in its legal battle with LG Chem over electric vehicle (EV) batteries.The U.S. International Trade Commission (ITU) said on Nov. 27 that the Office of Unfair Import Investigations (OUII) handed in to the court a written opinion advising it to accept a

Amazon and Chinese companies have formed a two-runner race in the global AI speaker market. Samsung Electronics is seeking to carve out a niche by releasing its own AI ​​speaker to the market at the end of this year or early next year.The Amazon Echo placed first with a 30 percent market share among

A global smart farm management company, uLikeKorea Co. announced on Nov. 28 that it has successfully developed the world’s first bio-capsule for sheep health management. With the newly developed bio-capsule, uLikeKorea plans to enter the global sheep market (1.2 billion sheep in the world) and will

BMW plans to spend more than 2 billion euros (about 2.5919 trillion won) on purchasing auto components from Korean companies next year, up 30 percent from this year.“We will significantly increase our purchase of auto components from Korean partners including Samsung SDI and SK Telecom,” said Pieter

South Korea has successfully established a bridgehead for its strategy of moving out of China to Southeast Asia through the 2019 Association of Southeast Asian Nations (ASEAN) and Republic of Korea Commemorative Summit. Under escalating uncertainties fueled by the U.S.-China trade war and South Kore

Easy insurance registration is becoming a reality for e-commerce business owners.Global e-commerce platform Cafe24 and KB Insurance signed a MOU on Nov. 27 at the KB Insurance headquarters in Gangnam Seoul to support and vitalize insurance services specifically catered to e-commerce merchants.Under

Geely, China's No. 1 car brand, will make a foray into the Korean electric vehicle (EV) market. The automaker plans to target the Korean market with one-ton small and 2.5-ton medium-sized electric trucks loaded with Korean batteries.Geely New Energy Commercial Vehicle Group, a subsidiary of Geel

The Ministry of Land, Infrastructure and Transport announced on Nov. 25 that it has finished a total inspection of the 150 Boeing B737NGs that are currently in operation in South Korea.Last month, the Federal Aviation Administration of the United States issued an airworthiness directive, saying that

The United States Court of International Trade (USCIT) put the brakes on the U.S. Commerce Department’s tariffication on South Korean steel products, pointing out that the department’s Particular Market Situation (PMS) provision application to South Korean carbon steel pipes for ordinary piping lack

SK Telecom president Park Jeong-ho proposed an Asian over-the-top (OTT) alliance at the Culture Innovation Forum held in Busan on Nov. 25 in conjunction with the South Korea-ASEAN special summit.At present, the Wavve OTT service launched by SK Telecom and South Korea’s three major terrestrial broadc

BC Card announced on Nov. 26 that it has signed a partnership agreement with Discover Financial Services (DFS), an international payment network service provider in the United States. BC Card will be in charge of Korean purchases of Discover Global Network affiliate cards.“We will provide Korean pay

The Silver Town Tunnel Project in the United Kingdom, which is promoted by a consortium formed by SK Engineering & Construction (SK E&C), will kick off with the conclusion of implementation and financial agreements. It is the first public-private partnership (PPP) project promoted by a Korean builde

A market survey has found that Samsung Electronics' Galaxy Series of smartphones ranked first in 71 countries worldwide in the third quarter of this year. In Korea, seven out of 10 smartphones sold during this period were the Samsung Galaxy.Samsung Electronics finished first with a 21 percent sh

Hyundai Motor Co. will invest about 1.8 trillion won (US$1.55 billion) to build a car production base in Indonesia.The company signed an MOU on investment cooperation with the Indonesian government at its office in Ulsan, Korea, on Nov. 26 in the presence of Indonesian President Joko Widodo, Hyundai