Insight | BusinessKorea

Monday, March 19, 2018


The special committee on smart city is looking into sharing economy in working on big data-based city management systems.
Sharing Economy in Smart City
22 November 2017 - 11:15am
According to the Ministry of Science & ICT of South Korea, the Presidential Committee on the Forth Industrial Revolution recently organized a special committee on smart city. The special...
A strong Korean won (KRW) raised a red flag, in particular, for Korean automakers, steelmakers and Shipbuilders.
Concerns on Strong KRW
20 November 2017 - 10:15am
A strong Korean won raised a red flag for some Korean exporting companies. Although most Korean export companies do not have any problems with existing export volume due to foreign exchange hedge,...
Korean washers are strong not in the market of relatively inexpensive top-lid type washing machines (top loaders), but in the market of relatively expensive drum washing machines (front loaders) in the US.
Safeguard Issue
20 November 2017 - 9:45am
The US International Trade Commission (ITC) will decide on a method for and the level of import sanctions for foreign washing machines on November 21 (local time). The decision is garnering a lot of...
Even though the value of the won against the dollar surges, the Korean government only controls the pace with vocal intervention unlike the past when it aggressively intervened in the foreign exchange market.
Despite Weak Dollar
17 November 2017 - 9:45am
The Korean won is getting stronger against the dollar. The won-dollar exchange rate fell below 1,100 won during the day for the first time since September 30 last year.  The won's appreciation is a...
Lee Ju-yeol (left), governor of the Bank of Korea, and Stephen Poloz, governor of the Bank of Canada, signed the bilateral currency swap agreement on November 15 (local time) at the headquarters of the Bank of Canada in Ottawa of Canada.
Currency Safe Valve Secured
17 November 2017 - 12:00am
South Korea concluded a standing currency swap contract in which the limit and maturity were not set in advance with Canada, one of the world’s six key currency countries. The deal is a standing...
The conclusion of TPP may become a bad factor to Korean companies that compete fiercely with Japanese companies in Latin America and Southeast Asia, including Mexico and Vietnam.
TPP Agreement Concluded
16 November 2017 - 10:15am
Korean automakers are paying a lot of attention to the conclusion of the Japan-led Trans-Pacific Partnership (TPP) devoid of the United States.  Although there will be no big immediate impact from...
Market watchers say Samsung Electronics is changing its strategy that focuses mainly on profitability to that expands a memory market share through the so-called “chicken game.”
Concerns on Oversupply
16 November 2017 - 10:00am
Samsung Electronics’ investments in semiconductor facilities this year are larger than that of the world’s largest system semiconductor producer and the world’s biggest foundry chipmaker TSMC...
Singaporean shipbuilders are submitting bidding prices for offshore plants much lower than those of Korean shipyards.
Unbelievable Bidding Prices
15 November 2017 - 9:30am
A red flag was raised for Korean shipyards such as Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries which had dominated the offshore plant...
Bio pharmaceutical affiliates of domestic large businesses are drawing a bigger picture while taking different detailed strategies, such as spin-off, merger and listing.
Regrouping of Bio Businesses
14 November 2017 - 10:30am
As food-and-entertainment conglomerate CJ Group has decided to sell off its pharmaceutical affiliate CJ Healthcare, bio pharmaceutical affiliates of domestic large businesses are drawing a bigger...
Naver argued Google made huge profits in Korea without paying any tax or creating jobs while Google Korea released a statement refuting the accusation.
Debate over Discrimination
3 November 2017 - 12:00pm
Google Korea CEO John Lee, who has been summoned to the National Assembly’s audit this year held at the Science, ICT, Broadcasting, and Communications Committee’s conference room in the National...
President Moon Jae-in said the government will scrap every plan for new power plant construction and shut down the first unit of the Wolseong Nuclear Power Plant, which already reached the end of its service life.
Incongruous Statement
24 October 2017 - 12:00pm
South Korean President Moon Jae-in remarked on October 22 that the South Korean government would resume the construction of the fifth and sixth units of the Singori Nuclear Power Plant without delay...
GM Korea CEO Kaher Kazem is answering questions from Korean lawmakers as a witness during the National Policy Committee’s inspection of the Korea Development Bank among others on Oct. 23.
24 October 2017 - 10:00am
Kaher Kazem, CEO of GM Korea did not expressly deny a rumor about GM Korea’s withdrawal from Korea and repeatedly answered, "I will do my best to normalize the management." "GM Korea executives are...


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