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Wednesday, February 21, 2018

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LDM-based UHD and mobile HD broadcasting of the 2018 Winter Olympics. (photo courtesy of ETRI)
UHD Services for US TV Watchers
13 February 2018 - 10:30am
The Electronics and Telecommunications Research Institute (ETRI) of South Korea announced on February 12 that it worked with CBC to broadcast the 2018 Winter Olympics live in UHD and mobile HD in the...
South Korea’s default risk index is rising further which is exceptional considering the peaceful mode in the Korean Peninsula has always moved in the same direction as the indexes’.
Exceptional Happening
13 February 2018 - 10:15am
Although the 2018 PyeongChang Olympics is successfully being held in peace, South Korea’s default risk index is rising further. This is exceptional considering the peaceful mode in the Korean...
Trade Minister Kim Hyun-jong said on February 12 that the South Korean government will file a complaint with the WTO next month against the US government’s safeguard on Korean washing machines and solar panels.
Appeal to WTO
13 February 2018 - 10:15am
At an industry and trade committee meeting of the National Assembly on February 12, Trade Minister Kim Hyun-jong said that the South Korean government will file a complaint with the WTO next month...
SK Chemicals Co has clinched an agreement to license its cell culture vaccine manufacturing technology to Sanofi Pasteur for development of a universal influenza vaccine.
Export of Drug Technology
13 February 2018 - 10:00am
SK Chemicals Co., a South Korean vaccine maker, has signed an agreement to transfer and license its high efficiency influenza vaccine production technology to global vaccine leader Sanofi Pasteur Inc...
Korea’s industry and trade minister Baek Woon-kyu said that he had asked GM Korea for its plan to improve its business in the long term at a small business and venture committee meeting of the National Assembly on Feb. 12.
Response to GM’s Request
13 February 2018 - 9:45am
South Korean Minister of Trade, Industry & Energy Baek Woon-kyu said on February 12 that he had asked GM Korea to inform him of how it will improve its business in the long term. His remark came...
The new external audit law on corporations requires limited liability companies (LLCs) to receive external audits from November next year, but there is still a loophole in the system.
Tighter Audit System Needed
13 February 2018 - 9:00am
The South Korean government has revised an external audit law on subsidiaries of foreign companies, such as Google, Apple and Chanel, to force them to disclose their accurate accounting information....
A shot of the new FKI building in Youido, Seoul.
Under New Management
12 February 2018 - 3:15pm
CBRE Korea, a global commercial real estate services company, announced today it is providing property management services for FKI Tower in Yeouido. As the first global real estate specialist to...
The Fair Trade Commission (FTC) of Korea found that Benz-Mercedes Korea took advantage of dealers by lowering the ratio of their “fixed margins” or forcing them to order 1.5 times more cars than they need.
Taking Advantage for More Margins
12 February 2018 - 12:15pm
The Fair Trade Commission (FTC)of South Korea investigated Benz-Mercedes Korea and confirmed the most of facts that the official importer of Mercedes Benz cars took advantage of dealers by lowering...
The daily stock price fluctuation range and transactions doubled compared to the past after its announcement of a stock split.
Fluctuating Share Prices
12 February 2018 - 11:30am
South Korea’s stock market behemoth Samsung Electronics saw its share prices plunge following the announcement of a stock split. Its share priced over 2 million won (US$1,848) dropped and its daily...
Samsung Electronics, Apple and Huawei are working on 5G chipsets while Qualcomm is expanding its 5G chipsets globally.
Challenging to Qualcomm
12 February 2018 - 10:45am
According to industry sources on February 11, Samsung Electronics, Apple and Huawei are working on 5G chipsets amid Qualcomm planning to supply its 5G chipset to manufacturers of smartphone, PC and...
The Bank of Korea (BOK) will sign the 11.2 trillion won (US$10.6 billion) worth currency swap agreement with Switzerland in Zurich, Switzerland, on February 20.
Another Currency Swap
12 February 2018 - 10:30am
As South Korea is going to sign a currency swap deal with Switzerland, all eyes are on whether the country will be also able to clinch a bilateral currency swap agreement with Japan and the United...
Koo Young-ki, head of Hyundai Motor India is introducing the electric car Ioniq at the 'Auto Expo 2018' (Delhi Motor Show) in Greater Noida near New Delhi, India.
First Korean EV in India
12 February 2018 - 10:15am
According to the automobile industry on February 11, Hyundai Motor is planning to launch nine models including electric cars by 2020, and will assemble and produce electric cars locally beginning...

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