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Thursday, January 18, 2018

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Independent Kumho Tire
29 December 2017 - 10:30am
Kumho Tire being restructured under a voluntary agreement system with its creditors was separated from the Kumho Asiana Group. On December 28, Kumho Tire announced that the company became independent...
The profit Apple makes by selling one smartphone is about five times the profit Samsung makes by selling one smartphone.
5X More
29 December 2017 - 10:30am
It has been found that the profit Apple makes by selling one smartphone is about five times the profit Samsung makes by selling one smartphone and this has resulted in Apple accounting for close to...
Hurdles to Selling-off
29 December 2017 - 10:15am
The sale of Daewoo E&C whose stock price has plunged every day is being delayed as its labor union went on a strike. A recent drop in the company’s stock price further has been fouling up the...
Some of the Samsung Galaxy Note 8 models do not work even though they are recharged after the battery became dead.
‘Bricked Phone’ Phenomenon
29 December 2017 - 10:00am
Some of the Samsung Galaxy Note 8 suffered the so-called “bricked phone” phenomenon where the model does not work even though it is recharged after its battery became dead. According to the...
The KOSPI renewed its highest record in terms of index, market cap and increase rate this year.
Surpassing Market Cap of 1,600 Trillion Won
29 December 2017 - 10:00am
The KOSPI renewed its highest record in terms of index, market cap and increase rate this year. The Korea Exchange (KRX) announced on December 28 that the KOSPI index hit an all-time high at 2,557...
More than 5,000 Korean users participated in a suit against Apple for its intentional lowering of the performance of iPhones as of Dec. 28.
Chance for Galaxy?
29 December 2017 - 9:45am
A class action suit for damages amounting to US$999.9 billion was filed on December 28 in the United States against Apple, whose maximum aggregate market value is US$900 billion. Similar lawsuits are...
The Korean government plans to consider even shutting down the exchanges when a frenzy of speculation doesn’t subside.
Measures against Cryptocurrency Speculation
29 December 2017 - 9:30am
The South Korean government will adopt a real-name financial transaction system on cryptocurrency exchanges by the end of January next year. It will also ban banks from providing virtual account...
The Korean government plans to supply frequencies required for the development of self-driving cars, wireless charging, the Internet of Things (IoT), drones and so on in a proactive way while relaxing radio regulations.
New Frequency Supply Plan
29 December 2017 - 9:15am
The Ministry of Science and ICT of Korea announced its plan for the supply of frequencies for industrial and daily life use On December 28. These frequencies can be defined as frequency bands that...
Samsung Electronics Vice Chairman Lee Jae-yong stressed that he did not ask former President Park Geun-hye for a favor for the purpose of inheriting Samsung Group.
Victim to Political Trial
28 December 2017 - 12:00pm
The final hearing in the appeals trial of Samsung Electronics Vice Chairman Lee Jae-yong was held at the Seoul High Court on December 27. There, the vice chairman stressed that he was not interested...
LG Display will make a total five trillion won (US$4.5 billion) worth investment in the OLED panel manufacturing plant in China.
$4.5 Billion Investment in OLED
28 December 2017 - 12:00pm
The South Korean government allowed LG Display to build an OLED panel manufacturing plant in Guangzhou, China after five months of consideration. LG Display’s total investment in the plant is...
An overseas construction project worth US$2.9 billion that GS Engineering and Construction seven years ago was canceled on December 20.
Something Must Be Wrong
28 December 2017 - 11:30am
GS Engineering & Construction (GS E&C) recently announced that one of its overseas construction projects won seven years ago was canceled on December 20. The canceled contract, worth 3.25...
Falling to Chinese Hands?
28 December 2017 - 11:15am
The Korea Development Bank (KDB) notified AFC Korea Co., a subsidiary of Chinese private equity fund (PEF) AFC, that it was selected as the preferred bidder for STX Corporation, according to...

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