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Saturday, January 21, 2017

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The Volkswagen Tiguan SUV which is to begin the recall procedures with the government’s approval of its recall plans on Jan. 12
$12M Vs. $14B
13 January 2017 - 11:00am
Volkswagen will begin the first recall in South Korea in a year and four months after the carmaker's scandal that installed emissions-defeating software on its cars to fabricate results broke out....
Yoo Il-ho, Minister of Finance and Strategy speaks at a conference in New York on Jan. 11 (local time), 2017.
Lightning Decision
13 January 2017 - 11:00am
The Ministry of Strategy & Finance of South Korea decided on January 11 to issue a foreign exchange stabilization bond of US$1 billion. The announcement was made immediately after Strategy &...
On January 12, South Korean special prosecutors summoned Samsung Electronics vice chairman Lee Jae-yong as a bribery suspect.
Samsung in Trouble
13 January 2017 - 11:00am
Samsung Electronics vice chairman Lee Jae-yong was summoned by special prosecutors on January 12 for allegations that he offered a bribe to Choi Soon-sil and her family. After an investigation, the...
The number of bidders for Kumho Tire was narrowed down to three, all of which are Chinese companies.
Bidders for Kumho Tire
13 January 2017 - 10:45am
The number of bidders for Kumho Tire Co., South Korea’s second-largest tire maker and a capital chance in the merger and acquisition (M&A) market this year, was narrowed down to three, and all...
Samsung Galaxy models after Galaxy S8 are expected to be equipped with a dual camera.
Samsung’s Special Interest
13 January 2017 - 10:45am
Samsung’s interest in dual lens cameras is growing day by day. Samsung Venture Investment Corp. has invested in Core Photonics, an Israeli dual-camera manufacturer, while Samsung Electronics has...
The logo of tvN Movies Channel.
Exclusive Korean Movie Channel
12 January 2017 - 1:15pm
CJ E&M announced on January 11 that it will open its first overseas Korean movie channel “tvN Movies” in Singapore. “tvN Movies” signed a broadcasting agreement with StarHub, the largest pay-TV...
David Sehyeon Baek, Director of Global Cooperation at GCCEI
Consistency Needed
12 January 2017 - 1:00pm
Gyeonggi Center for Creative Economy and Innovation (GCCEI) has been a new buzzword in town because of its unique model of the collaboration between the Korean central or local governments and large...
The Etude House store.
Beauty for Middle East
12 January 2017 - 12:30pm
Amorepacific Group, South Korea’s biggest cosmetics maker, announced on January 11 that it has signed a partnership deal with Alshaya Group, the biggest retail company in the Middle East, to push...
Hyosung officials introduce the company’s yarns and fabrics to visitors at the Outdoor Retailer Winter Market 2017.
For Inroad into US Market
12 January 2017 - 12:30pm
Hyosung is taking part in the Outdoor Retailer Winter Market 2017 held in Salt Lake City of the U.S. from January 10 to 12. The nylon polyester fiber business division introduced various high...
STX Corporation will publicly sell off its creditors' stake to prevent the cancellation of its listing on the stock market.
Selloff of Creditors’ Stake
12 January 2017 - 12:30pm
STX Corporation whose capital was completely impaired, publicly will sell off its creditors' stake to prevent the cancellation of its listing on the stock market. On January 11, STX Corporation...
Samsung Electronics’ share price increases have exceeded that of its competitor Apple by more than 10 percent points since October last year.
Samsung Vs. Apple
12 January 2017 - 12:15pm
Since October last year, Samsung Electronics’ share price increases have exceeded that of its competitor Apple by more than 10 percent points. Samsung Electronics’ share price has continued to reach...
SK Telecomm will invest a total of 11 trillion won (US$9.17 billion) over the next three years to build the new information and communications technology (ICT) ecosystem.
Investment for the Future
12 January 2017 - 12:15pm
SK Telecom CEO Park Jeong-ho said that the company will invest a total of 11 trillion won (US$9.17 billion) over the next three years to build the new information and communications technology (ICT)...

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