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Wednesday, February 22, 2017

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Samsung Electronics will take the wrap off Galaxy Tab S3 at a new product launch event in Barcelona, Spain on February 26.
Tablt PC Battle
17 February 2017 - 11:00am
As the global tablet PC market has been suffering from a slump for years, Samsung Electronics and Apple are expected to launch their new tablet PCs this spring. People are paying attention to whether...
The number of South Koreans who gave up on finding a job during the past one-year period totaled 589,000 in January this year, the highest level since 2014.
Job Seekers Lessened
17 February 2017 - 10:45am
It has been found that South Korea’s unemployment rate is on the rise due to the ongoing economic recession and restructuring of major corporations. The number of manufacturing jobs in the country...
The South Koreaan government sent a protest letter to economic daily newspaper Financial Times (FT), which recently reported that S. Korea and Taiwan are the culprits of currency manipulation.
Protest against FT’s Report
17 February 2017 - 10:45am
According to the relevant ministries on Feb. 16, the letter jointly signed by the Ministry of Strategy and Finance (MOSF) and the Bank of Korea was sent to the FT headquarters in the U.K. and Japan...
S. Korean financial authorities notified that Deloitte Anjin’s business would be suspended for three to six months.
Possible Business Suspension
17 February 2017 - 10:45am
The financial authorities of South Korea and those in the local accounting industry are in confrontation with each other over the disciplinary action to be taken against Deloitte Anjin for its poor...
Samsung Electronics and SK Hynix are planning to inject US$14 billion into semiconductor facilities this year, up 27.3 percent from a year earlier.
For Keeping Leadership
17 February 2017 - 10:30am
South Korean semiconductor businesses are seeking to take the initiative in the 3D NAND flash market by increasing investment in facilities this year by approximately 30 percent compared to last year...
SK Telecom has developed federated network slicing for 5G communication networking, for the first time in the world in cooperation with Deutsche Telekom and Ericsson.
5G-based Roaming
16 February 2017 - 1:15pm
SK Telecom announced on February 15 that it developed federated network slicing, one of the most important techniques for the realization of 5G communication networks, for the first time in the world...
POSCO CEO Kwon Oh-joon held “POSCO Ethics Summit” on Oct. 21 last year to strengthen its ethical management ownership.
Ugly Overuse of Power
16 February 2017 - 12:45pm
POSCO’s employees and executives at the headquarters is creating controversy over overusing their power. This is because the fact that they have received free golf games and sexual favors from...
The American Council for an Energy-Efficient Economy (ACEEE) picked the Hyundai Ioniq Electric as the best electric vehicle in the world.
World’s Best Green Car
16 February 2017 - 12:30pm
The American Council for an Energy-Efficient Economy (ACEEE) picked the Hyundai Ioniq Electric as the best electric vehicle in the world on its 20th list of green cars. This year, the American non-...
62% of venture firms in South Korea could not survive for three years during the past 10 years.
Low Survival Rate
16 February 2017 - 12:30pm
The Korea Chamber of Commerce & Industry (KCCI) announced on February 15 that 62% of venture firms in South Korea could not survive for three years during the past 10 years. As of February 14...
Korea’s ICT exports rose 16.7 percent in January to US$13.83 billion compared to US$11.85 billion in the same month of last year.
Biggest Contributor
16 February 2017 - 12:30pm
The Ministry of Science, ICT and Future Planning and the Ministry of Commerce, Industry and Energy said on February 15 that Korea’s ICT exports in January rose 16.7 percent to US$13.83 billion...
South Korea posted US$49.24 billion in direct overseas investment in 2016, up 18.7 percent from a year earlier.
Focus on Overseas M&As
16 February 2017 - 12:15pm
According to Korea’s direct overseas investment in 2016 released by the Ministry of Strategy and Finance on February 15, Korea posted US$49.24 billion in direct overseas investment (about 56 trillion...
Ko Soo-seok (right), head of the production division at KOGAS, explains about the Incheon LNG plant to Ahmad Saleh Al-Jemaz (third from right), vice president of Kuwait Integrated Petrochemical Industries Co.
LNG Plant Operation Overseas
16 February 2017 - 12:15pm
Korea Gas Corporation (KOGAS) invited Ahmad Saleh Al-Jemaz, vice president of the natural gas and petrochemical division at Kuwait Integrated Petrochemical Industries Company, to its LNG plant in...

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