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Wednesday, February 21, 2018

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South Korean shipbuilders are relieved as new their orders have been growing ahead of the coming spring.
Recovery Seems to Be Clear
15 February 2018 - 1:15pm
A recovery is being made in the Korean shipbuilding industry's new order receipt. Korean shipbuilders were expected to be hit by a dearth of funds this year following a dearth of orders two years ago...
The South Korean government has repeatedly raised issue with the US’s applying the AFA method but the US is not desisting from applying it, which made the Korean government has decided to bring the case to the WTO.
En Route to Head-on Collision with US Gov’t
15 February 2018 - 12:45pm
The Korean government is planning to ask the United States to promptly amend or abolish anti-dumping and countervailing tariffs based on the AFA method in accordance in bilateral negotiations. The...
South Korea’s ICT exports provisionally amounted to US$17.7 billion and ICT imports to US$9.33 billion in January. Exports hit an all time January high, up 28.1 percent from a year earlier.
Renewing the Record
14 February 2018 - 3:00pm
Korea’s information and communication technology (ICT) exports have been renewing the all-time high record for 12 consecutive months. According to the Ministry of Trade, Industry and Energy, ICT...
In the first half of the year, Samsung Electronics will launch TVs and washing machines loaded with Bixby, an AI assistant. The company is planning to accelerate its AI solution upgrade by expanding Bixby into entire household appliances after releasing B
Ai-assisted Home Appliances
14 February 2018 - 3:00pm
In the first half of the year, Samsung Electronics will launch TVs and washing machines loaded with Bixby, an AI assistant. The company is planning to accelerate its AI solution upgrade by expanding...
GM Korea picked the "Gunsan Factory Closure" card on February 13 as a response to the Korean government’s demand for mid- to long-term management improvement measures for its financial support.
Response to Korean Gov’t Demand
14 February 2018 - 11:00am
GM Korea, which requested financial support from the Korean government, picked the "Gunsan Factory Closure" card on February 13. This move came only a day after the Ministry of Trade, Industry and...
A free, superfast Wi-Fi system will be set up within Seoul’s subway lines 1 to 9 using the MHN technology.
Free Wi-Fi Services in Subway
14 February 2018 - 10:45am
A free, ultrafast public Wi-Fi system using the mobile hotspot network (MHN) technology will be installed within Seoul’s subways The MHN technology was developed by the Electronics and...
Eight domestic credit card firms have completed the development of NFC standard “JUSTOUCH” and will jointly promote it by supplying 25,000 readers across the nation by the end of next month.
Plastic Cards Disappear
14 February 2018 - 9:15am
South Korean credit card companies will offer a “mobile payment” service using the near field communication (NFC) technology as early as the end of March. Near field communication is a next-...
Lotte Group Chairman Shin Dong-bin heads to a courtroom at the Seoul Central District Court on Feb. 13
Lotte in Shock
14 February 2018 - 9:00am
A Seoul court jailed Lotte Group Chairman Shin Dong-bin for bribery. Ushering into the New Year, Lotte Group declared the first year of “New Lotte Vision Implementation.” However, the group got stuck...
former Samsung Electronics Mobile Division CTO Lee In-jong, who left the company in December last year, is going to work at the Google HQ.
Software Guru at Samsung Electronics
13 February 2018 - 11:30am
According to industry sources, former Samsung Electronics Mobile Division CTO Lee In-jong, who left the company in December last year, is going to work at the Google HQ. At Samsung Electronics, he...
A panoramic view of Incheon New Port.
New Momentum
13 February 2018 - 11:15am
The Incheon Port Authority (IPA) said that the authority was smoothly making preparations for the development of Phase 1-2 of Incheon Port and the development of Phase 3 of New Passenger Wharf at...
BusinessKorea is also planning to provide Korean-language articles to Naver, Daum (Kakao) and Google starting from March.
News Search Service Expansion
13 February 2018 - 11:15am
English-language news articles of BusinessKorea will be available soon on Naver in addition to Google and Kakao. BusinessKorea is also planning to provide Korean-language articles to those portals...
South Korea’s package SW exports began to eclipse IT service exports in 2016.
Getting More Qualitative
13 February 2018 - 11:00am
According to the Korean software (SW) industry on February 12, it was estimated that last year Korean SW exports reached a little more than US$7 billion, up 9.7% from the previous year (US$6.38...

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