Cryptocurrency data disclosure service provider CrossAngle will start a disclosure service for blockchain projects.CrossAngle, which operates Xangle, a public data disclosure platform for the global cryptocurrency market, said on Oct. 6, “It was difficult to protect investors in the existing cryptoc
The South Korean government had spent 36 trillion won (US$30.08 billion) on buying U.S. arms alone over the past 13 years. The figure accounts for nearly 80 percent of the total.The Defense Acquisition Program Administration (DAPA) had imported 45.79 trillion won (US$38.25 billion) worth of overseas
Outside consultants of Hyundai Motor Group pointed out that the group’s required manpower can decrease by up to 40 percent as a result of a future change in automobile production technology.“With the focus of the industry shifting from manufacturing to service and digitalization, the group is likely
The Korea Exchange announced on Oct. 6 that Samsung Electronics, SK Hynix, Hyundai Motor, Celltrion and LG Chem were found on the KOSPI’s top 10 market cap list at the end of last year, at the end of the first half of this year and on Oct. 4 this year.POSCO, SK Telecom and Korea Electric Power Corp.
The South Korean economy is getting worse and worse. Its exports and capital expenditures fell for 10 months and nine months in a row from a year earlier, respectively. Although the South Korean government is mentioning a global economic slowdown, experts are pointing out that the deterioration is d
Google has blocked Huawei Mate 30 users from installing Google apps such as Google Map, YouTube and Gmail. Under the circumstance, Huawei’s presence in global markets such as Europe is likely to be further affected.The latest flagship smartphone of the company, which was unveiled in Germany on Sept.
KT announced on Oct. 3 that it has signed a memorandum of understanding (MOU) with Korea Midland Power (KOMIPO) to build smart power plants based on 5G communications technology.Under the agreement, KT will build a 5G network at power plants and cooperate with KOMICO in developing 5G services for sm
Nearly half of overseas real estate funds are posting a loss, according to data from the Financial Supervisory Services (FSS).Out of 401 overseas funds managed by South Korea’s top 15 asset management companies, 191, or 48 percent, of them recorded negative returns, according to the FSS data submitt
As the interest rates of South Korean bonds have increased more than 20 percent over the past month, domestic securities companies which own 212 trillion won (US$176.37 billion) worth of bonds are on alert. A rise in bond interest rates means a fall in bond prices. Therefore, the financial soundness
TVs from Samsung Electronics and LG Electronics have swept the first four places in a U.S. evaluation of small TV models.Samsung Electronics' products ranked first and second among the top 5 32-inch TVs selected by the leading U.S. consumer media Consumer Reports (CR), while LG Electronics’ prod
LG Chem is promoting an electric vehicle (EV) battery joint venture with General Motors (GM), which is planning to establish an EV battery plant in the United States.GM has suggested the construction of an EV battery cell plant as a negotiation card with the United Automobile Workers (UAW), which en
The Korea Economic Research Institute (KERI) under the Federation of Korean Industries (FKI) has expressed opposition to the government’s plan to revise the Enforcement Decree of the Financial Investment Services and Capital Market Act to allow public pension funds, including the National Pension Se
The United States decided to impose punitive tariffs on EU products from Oct. 18. This means South Korea’s export conditions will be further exacerbated.According to the Ministry of Trade, Industry and Energy, South Korea’s monthly exports have shown a year-on-year decline since December last year.
The Japanese government’s export curbs against South Korea have entered their third month, and yet South Korean companies are not being seriously affected. Rather, some of them have succeeded in replacing imports from Japan although their dependence on Japanese fluorine polyimide, photoresist and hy
The Liberty Korea Party, the Our Republican Party and conservative groups staged a rally in Seoul on Oct. 3, calling for President Moon Jae-in and Justice Minister Cho Kuk to step down. They asserted that more than three million people gathered. The police did not estimate the number.The rally took
Renault's ultra-compact electric vehicle (EV) Twizy will be produced in Busan, Korea. Renault Samsung Motors announced on Oct. 2 that it held a ceremony to celebrate Twizy production in Busan with Dongshin Motech, a company that will assemble the Twizy at Renault Samung’s plant.Since its debut i
Hyundai Mobis retained seventh place in sales among the world’s 100 major auto parts companies last year. The company was the only Korean auto parts maker in the top 10 list.The Korea Automobile Manufacturers Association (KAMA) announced on Oct. 2 an analysis of the data of the world's top 100 p
SeAH Besteel has won an order from the United States to produce casks for transporting spent nuclear fuel, taking an important step toward building the nuclear power plant dismantling industry.SeAH Besteel signed a contract to supply 17 spent nuclear fuel containers with Orano TN, a U.S. company whi
The Ministry of Science and ICT has announced that the "World of Large Facilities" (WOLF) would be put into service this month. The WOLF is a system for real-time information and data sharing between large research facilities located in South Korea and Europe.The system is connected to the Zone for
POSCO announced on Oct. 1 that it has completed a high-alloy stainless steel manufacturing system for desulfurization equipment in about half a year this past summer.The mass production system is contributing to South Korean shipbuilders, which must make a choice out of three options with IMO 2020 s