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Thursday, March 30, 2017

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Naver and Google are competing for the top spot in mobile map application while Kakao Taxi is leading the public transportation app market.
Map App Vs. Transport App
29 March 2017 - 11:45am
Naver and Google are competing for the top spot in mobile map applications while Kakao Taxi is leading the public transportation app market. Industry tracker Wiseapp announced on March 28 that Naver’...
Koo Sung-gy (right), Senior managing director of the home appliances business at Samsung Electronics and R&D managing direcror Kim Min-kyung, introduce the 2017 Chef Collection Family Hub at a press event at Kunsthalle in Seoul on March 28.
IoT-based Home Appliance
29 March 2017 - 11:45am
Samsung Electronics has launched its latest smart refrigerator version of the Chef Collection Family Hub with the artificial intelligence (AI) voice recognition technology in South Korea, opening the...
The current situation of Daewoo Shipbuilding & Marine Engineering (DSME) can adversely affect the cash-strapped shipbuilder’s contracts which are almost finalized.
Irritating Situation
29 March 2017 - 11:45am
The fate of Daewoo Shipbuilding & Marine Engineering (DSME) has become uncertain until the middle of next month when the government decides on whether to provide new financial support to the...
The GNI per capita of South Korea reached US$20,795 in 2006 to break the US$20,000 mark for the first time and has remained below US$30,000 all the way since then
Slow Economy
29 March 2017 - 11:30am
The Bank of Korea announced on March 28 that South Korea recorded a real GDP growth rate of 2.8% last year as in the previous year. In 2016, its GNI per capita was US$27,561, up 1.4% from a year ago...
Samsung Electronics’ models introduce the world’s first LED theater display “Samsung Cinema Screen” at Cinemark Theater in Las Vegas on March 27 (local time).
Changing Market Landscape
29 March 2017 - 11:15am
Samsung Electronics is entering the movie industry with its brand-new cinema screen technology which will change the traditional projection-based cinema projector market landscape. The new technology...
Pure XR, a smartphone model of BLU.
Smartphone Lawsuit
29 March 2017 - 11:00am
LG Electronics filed a lawsuit against BLU over alleged patent infringements with Delaware court on March 28. It is the first time that LG files a lawsuit in the smartphone sector. LG also asked for...
The prosecutor office is planning to investigate SK Group and Lotte Group that have transferred their money to the MIR and K-Sports Foundations.
Victims or Not?
29 March 2017 - 11:00am
The South Korean Public Prosecutor's Office included allegations of bribery regarding the Samsung Group in the arrest warrant it requested against former President Park Geun-hye. The office is...
Kumho Asiana Group chairman Park Sam-koo said he would take drastic measures if the creditors continue to refuse to accept his request for allowance of a consortium to buy Kumho Tire.
Going to Court?
29 March 2017 - 10:45am
Kumho Tire creditors, including the Korea Development Bank, held a meeting on March 28 and voted down Kumho Asiana Group chairman Park Sam-koo’s demand for a consortium. Instead, they decided to...
The U.S. Department of Commerce is taking advantage of adverse facts available (AFA), which is regarded as highly arbitrary.
Against Punitive Tariffs
29 March 2017 - 10:45am
The South Korean government decided to file a suit with the World Trade Organization (WTO) if the United States continues to impose excessive punitive tariffs on exported products. This is because...
Employees of KB Starter No. 21 Gonggan Lab.
Cooperation with Fintech Firms
28 March 2017 - 11:45am
The KB Financial Group announced on March 27 that the group selected two companies, "Gonggan Lab" and "Eight Byte", as the companies to be nurtured as fintech start-ups. As a result, KB Financial...
Nam Bong-hyun, president of Incheon Port Authority.
Port Ranking
28 March 2017 - 11:30am
The Incheon Port Authority (IPA) announced on March 27 that it stood 57th in “Top 100 Container Ports: 2016 Throughput” by French shipping researcher Alphaliner. According to the IPA, there was no...
Jung Ha-hwang (right) and Cho Woong-ki are posing for a commemorative photo shoot after signing an agreement.
Joint Development
28 March 2017 - 11:15am
Korea Western Power (KWP) signed an agreement on the joint development of and investment in the electric power business with Mirae Asset Daewoo in Center One Building in Seoul on 27. Through the...

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