A 5G smartphones loaded with SK Hynix's 128-layer one-terabyte 4D NAND flash is expected to come out in the second half of next year.SK Hynix announced on Nov. 20 that it has delivered engineering samples of “1TB UFS 3.1,” a 128-layer NAND-based mobile solution, to major smartphone manufacturers

Dyson, a British home appliance manufacturer, continues to fall in the Korean premium vacuum cleaner market, losing second place to Samsung Electronics.An industry insider said on Nov. 20 that a recent market survey has found that LG Electronics leads the vacuum cleaner market with a 50-plus percent

The Korea Customs Service announced on Nov. 20 that South Korean consumers’ overseas direct purchase totaled US$1.58 billion in the first half of this year, US$260 million more than in the same period of the previous year. According to the Korea Consumer Agency, the number of consumer complaints con

The International Monetary Fund (IMF) said in its report on Nov. 20 that the potential trade agreement between the United States and China is likely to include managed trade elements, that is, purchases from each other, the agreement is expected to contribute to the global economy in the form of low

The Korea Fair Trade Commission (KFTC) has started a procedure to determine whether to punish Mirae Asset Group based on its conclusion that the group conducted large-scale intra-group transactions with a company owned by its owner family.The KFTC recently sent a report to the group and the group’s

Samsung Electronics and LG Electronics will have a showdown again over 8K TVs at CES 2020 in Las Vegas next January as the two TV giants are seeking to preoccupy the North American market, which is the largest market for 8K TVs.Both Samsung Electronics and LG Electronics are stepping up their effort

Hyundai Motor Group's sales slowed down in Russia in October. The Russian automobile market shrank for seven months in a row so Hyundai Motor began to feel the heat.The group's Russia sales in October amounted to 36,147 units, down 2.3 percent from last year. In particular, Kia Motors record

The Korea International Trade Association announced on Nov. 20 that South Korea’s exports to Hong Kong for the first 10 months of this year totaled US$26,847 million, down 32.9 percent from a year ago, due to declines in semiconductor prices, U.S.-China trade disputes, and Hong Kong’s political unre

Samsung Electronics’ quantum dot LED (QLED) TVs and LG Electronics’ organic LED (OLED) TVs are dominating the North American TV market while Chinese TV manufacturers are failing to increase their market shares in the same region due to ongoing trade disputes between the United States and China.Accor

South Korea and Japan have failed to reach any agreement in their second round of WTO negotiations regarding the latter’s export curbs against the former.Chung Hae-kwan, director general for trade legal affairs and public relations at the Ministry of Trade, Industry and Energy, represented the South

Doosan Infracore unveiled a comprehensive control solution for construction sites at its Proving Grounds in Boryeong City, Korea, on Nov. 20.Dubbed “Concept-X,” the solution can be used to survey worksite topography via 3D drone scanning, establish operational plans based on the topographical data,

Incheon International Airport Corp. has begun a construction project to make Incheon International Airport an ultra-large hub airport. The goal is to accommodate more than 100 million passengers a year by completing the construction of a fourth runway and the expansion of Passenger Terminal 2 by 202

Korea Trade Insurance Corp. (K-sure) will complete a platform of trade insurance fintech services for small and medium-sized exporters in December.K-sure announced on Nov. 19 that it plans to launch an advanced online version of an export credit guarantee service which requires the submission of 17

The Kia Motors Georgia plant in the United States has exceeded 3 million units in cumulative output since its launch 10 years ago. The Georgia plant, the third-largest overseas production base for Kia Motors after those in China and Europe, currently rolls out the midsize sedan K5 and the sports uti

While smartphone makers such as Samsung Electronics and Huawei are releasing their foldable phones, LG Electronics has registered a patent on a smartphone whose screen can be doubled in size.LG Electronics has filed a patent for an “expandable phone'' with the World Intellectual Property Org

Opening of the South Korean rice market is forecast to accelerate from next year onward. Rice for boiling is likely to be additionally imported in view of WTO rules although the rice tariff rate will be maintained at 513 percent.South Korea acceded to the WTO in 1995 with tariffication on all agricu

The OECD and Statistics Korea announced on Nov. 19 that South Korea’s youth employment rate was 43 percent in 2018, when the OECD average was 54 percent, and South Korea ranked low in the OECD last year when it comes to the employment rate of those in their 30s and 40s as well.Last year, South Korea

Incheon Free Economic Zone (IFEZ) Authority is planning to build a bio-industry cluster with an area of 2,381,000 square meters by 2030 so that 560,000 liters of biopharmaceuticals can be produced a year in Songdo.The target amount is more than twice the annual production volume of Singapore and the

Woori Bank announced on Nov. 19 that it has solely financed aircraft purchases by Vietnam's private airline VietJet.VietJet is Vietnam's No. 1 low cost carrier (LCC) and provides flight services from Incheon to nine Vietnamese cities including Ho Chi Minh City, Da Nang, Nha Trang, and Phu Qu

SK Telecom (SKT) will join hands with domestic and overseas information and communication technology (ICT) companies such as Facebook, Kakao and Nexon to expand a 5G-based virtual reality (VR) ecosystem.SKT launched the “Virtual Social World,” a 5G VR service that allows users to connect with many o