It has been found that six companies newly joined the list of the top 10 market cap companies in the S&P 500 Index between the end of December 2005 and the end of December 2015. The number was six for KOSPI as well and five for Nikkei 225 during the same period. GE and Softbank lost their top spots
The Korea Institute of Science and Technology (KIST) announced on January 14 that it developed a highly heat-resistant and high-strength resin based on chemical graphene oxide processing and mixing with universal epoxy. The new material is expected to contribute to the production of aircraft and roc
Google is more likely to join hands with LG Electronics for its self-driving car commercialization project.According to foreign press, including Bloomberg View, and industry sources on Jan. 14, John Krafcik, CEO of the Self-Driving Car Division at Google, said in a press conference at the Detroit mo
Lotte Engineering & Construction said on Jan. 14 that it has won a US$54 million (63.7 billion won) order to build a highway in Vietnam.The order is placed by the Cuu Long Corporation for Investment Development and Project Management of Infrastructure (Cuu Long CIPM) under the Ministry of Transport
Samsung Electronics CEO and vice chairman Kwon Oh-hyun met with leukemia patients and delivered consolation on Jan. 14. The Korean IT giant also handed a written apology to family members of former workers who suffered deadly diseases including leukemia and various cancers on the same day, claiming
LG is speeding up its new businesses, including solar energy after automotive application components, from the beginning of the year. The company is planning to take the leadership in the market with aggressive investment and secure a future growth engine early.LG Electronics held a ceremony for a m
Green Cross Lab Cell Corporation, a subsidiary of Green Cross, announced on Jan. 13 that it has received an approval from the Ministry of Food and Drug Safety (MFDS) in Korea to conduct a Phase 2 clinical trial of MG4101, the cancer treatment composed of natural killer (NK) cells from healthy donors
Regarding ceaseless rumors of GM’s withdrawal of manufacturing presence from South Korea, GM Korea president James Kim said that GM could shut down its facilities in Korea depending on the company’s sales performance in the country.“Some people say GM Korea will wind up its business but it is not tr
President Park Geun-hye criticized both the National Assembly and North Korea in a statement to the nation which was held in the press center of the Blue House, called Chunchugwan, on Jan. 13.President Park said, “North Korea conducted a surprise 4th nuclear experiment in the new year, but even in a
The NAND flash memory production capacity of SK hynix has almost doubled in two years. In particular, its ratio of the 16-nano process to the total production capacity, the latest technology in the semiconductor industry, rose to 96 percent in the fourth quarter of last year.According to market rese
On January 12, Pantech held a business conference held at its head office located in Sangam-dong, Seoul to explain about the company’s business goals and directions for this year. The conference was attended by its CEO & chairman Jung Joon, new president Mun Ji-wook and all its executive and staff m
CJ 4DPLEX, a subsidiary of South Korea's largest entertainment conglomerate, CGV, announced on Jan. 12 that it has recently signed a partnership agreement with Portugal’s No.1 theater operator NOS Cinemas.Under the deal, the two companies will install a 4DX movie screen in Almada Forum theater in Li
Orion Confectionery announced on Jan. 12 that it was selected as the consumer goods company, whose products were purchased by over 100 million Chinese households in 2015, for the first time in the industry.According to “2015 Producer List of Consumer Goods Used in Over 100 Million Chinese Families”
General Motors' global brand Chevrolet unveiled drivetrain details of the Bolt EV’s drive unit and battery at the 2016 North American International Auto Show (NAIAS), which kicked off at Cobo Center in Detroit, the United States, on Jan. 11 (local time).The Chevrolet Bolt EV has drivetrain designed
Woori Bank announced on Jan. 12 that it has become Korea's first bank to use Islamic financial techniques for making a financial transaction worth US$10 million (12.13 billion won) with Qatar Islamic Bank on the 11th through its Bahrain branch by.Financial transactions with banks in the Islamic regi
Samsung Electronics holds a conference with Tizen developers in Korea on January 23 at its office located in Seocho-dong, Seoul. A large number of developers are expected to join the meeting with Samsung Electronics striving to expand the Tizen ecosystem to cover a variety of fields such as the Inte
Kia Motors announced on Jan. 11 that its unionized workers voted in favor of a tentative wage deal reached with the management.They took a yes-or-no vote on the tentative agreement, which came up on Jan. 6, on the day. The total number of workers was 31,091 and 28,514 casted a vote. In the vote, 18,
The nation’s number one chat app operator Kakao Corp. announced on Jan. 11 that it will buy a 76.4 percent stake in Loen Entertainment Inc., which operates the nation’s top music streaming service MelOn, at 1.87 trillion won (US$1.55 billion).Based on Kakao Talk, the company has already expanded its
According to the Korea Exchange (KRX) and investment bank industry sources on Jan. 11, Samsung BioLogics has made the final decision to go public on the domestic stock market by the end of this year. A senior official from the KRX said, “After weighing advantages and disadvantages for a long time, S
It has been pointed out that Korea’s foreign exchange reserves have increased a lot since the IMF bailout in 1997 but are still insufficient to deal with a financial crisis.According to the Korea Economic Research Institute’s report released on January 11, Korea was in need of US$443.3 billion as of