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Tuesday, February 28, 2017

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POSCO Coated & Color Steel Co. (C&C) will expand its production facilities for color steel sheets, which are the company’s main product.
Color Steel Business
23 February 2017 - 1:00pm
POSCO Coated & Color Steel Co. (C&C), an affiliate of POSCO Group which engages in the manufacture and sale of coated steel sheets, will expand its production facilities for color steel...
The Korean government has established the “2017 space development action plan” worth 670.3 billion won (US$585.67 million).
Korean Satellite Programs
23 February 2017 - 12:45pm
The South Korean government has decided to spend 220 billion won (US$192.22 million) on the development of the Korea Space Launch Vehicle and 71 billion won (US$62.04 million) on the exploration of...
Hanwha Life's Happy Friends Youth Volunteers carries out volunteer work in Indonesia.
Youth Volunteer Group
23 February 2017 - 12:00pm
About 10 Hanwha Life's Happy Friends Youth Volunteers will carry out various activities, including cultural exchanges, in Surabaya, Indonesia, for five days from Feb. 20 In its bid to seek the...
The industrial IoT business presentation held at the LG U+ headquarters in Yongsan-gu, Seoul, on Feb. 21.
Alliance with Huawei
23 February 2017 - 12:00pm
With the commercialization of the NarrowBand-Internet of Things (NB-IoT) ahead, LG U+ held a business presentation at the headquarters in Yongsan-gu in Seoul on Feb. 21. The event was participated in...
The floating PV power plant on the Boryeong Dam.
Solar Power Development
23 February 2017 - 12:00pm
Korea Water Resources Corporation (K-water) announced on Feb. 22 that it would join hands with Korea Electric Power Corporation (KEPCO) to develop and expand the floating photovoltaic (PV) system....
The One Heart Volunteer Group of KEPCO KPS’ Al Manakher Plant in Jordan pose for a photo with children at the Zaatari refugee camp.
Global CSR Activities
23 February 2017 - 11:45am
KEPCO KPS’ “One Heart Volunteer Group” has actively carried out charity work overseas as well. The “One Heart Volunteer Group” a volunteer group of KEPCO KPS’ Al Manakher Plant in Jordan, which...
KTB Asset Management is raising private equity funds of hedge funds incorporating 10 global hedge funds.
For Individual Investors
23 February 2017 - 11:15am
KTB Asset Management is raising private equity funds of hedge funds incorporating 10 global hedge funds including AQR Capital Management and GIB, a British hedge fund. Early this year, the first and...
From July this year onwards, confirmation by a bank and reporting by a customer can be omitted in the case of every overseas remittance of US$3,000 or less from the current ceiling of US$2,000.
FX Exchanges Deregulated
23 February 2017 - 11:15am
The Ministry of Strategy & Finance of South Korea made a pre-announcement of legislation on February 22 to revise the Enforcement Decree of the Foreign Exchange Transactions Act and the Foreign...
The KITA said on February 22 that the US’ trade deficit with S. Korea drops to 20% when calculated on an added value basis according to the World Input-Output Table for the year of 2014.
$34.5B Vs. US$7.2B
23 February 2017 - 11:15am
The Institute for International Trade (IIT) of the Korea International Trade Association (KITA) released a report on February 22 and said that the United States’ trade deficit with South Korea is not...
The mobile payment market which hit US$ 450 billion in 2015, is expected to soar to US$ 1.8 trillion by 2019.
Mobile Payment War
23 February 2017 - 11:00am
It is now attracting attention who will take the lead in the mobile easy-to-use payment market where people can pay with simple passwords only even though they do not have authorized certificates or...
The Korean government hopes the development of Korea’s blockchain technologies contribute to creating new markets by preemptively introducing the technology to the public sector.
Spreading Blockchain
23 February 2017 - 11:00am
Blockchain is attracting attention as a technology that will lead next-generation e-governments. Blockchain promoters aim to boost efficiency and transparency by introducing blockchain technologies...
Photo caption: The self-drive car 'Prius V' that Naver will test on an actual road.
First Drive Test
21 February 2017 - 12:45pm
The Ministry of Land, Transport and Maritime Affairs announced on February 20 that the ministry gave Naver Labs, a technology research and development subsidiary of Naver permission to temporarily...

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