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Sunday, April 30, 2017

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Korea set a goal of being able to independently develop key technologies like aircraft engines within 10 years.
Aviation Tech Independence
20 April 2017 - 3:00pm
The public and private sectors of Korea set a goal of being able to independently develop key technologies such as aircraft engines and electronics within 10 years. To do this, 1.8 trillion won (US$...
The value of Seoul’s entire start-up ecosystem was estimated at US$2.4 billion, only 60% of the average of ecosystems of start-up cities.
Start-up Genome Report
20 April 2017 - 2:45pm
According to the IT industry on April 18, the "Startup Genome Project" headquartered in San Francisco in the USA, compared and analyzed start-up ecosystems of 55 cities in 28 countries in its...
Marcelo Torres (second from right) a journalist at SBT, and, David Sehyeon Baek (second from left), Director of GCCEI.
Interest in Korean Startups
20 April 2017 - 12:45pm
Recently, SBT, one of the top Brazilian broadcasting stations sent journalist Marcelo Torres to the Gyeonggi Center for Creative Economy and Innovation (GCCEI), a public accelerator at Pangyo...
South Korean producers of parts, such as semiconductors, displays and camera modules, are concerned about Apple’s raising self-sufficiency rate of their components used in iPhones.
Need to Take Preemptive Move
20 April 2017 - 12:45pm
As Apple is taking movement to raise the self-sufficiency rate of components, South Korean component industry is getting “yellow light.” A number of South Korean parts, such as semiconductors,...
Korea’s exports of materials and components posted a double-digit growth for the first time in six years.
Material and Component
20 April 2017 - 12:15pm
With shipments of chemical products and electronic components having skyrocketed, South Korean exports of materials and components posted a double-digit growth for the first time in six years. The...
A Tivoli Air diesel model.
Promotion of Diesel Model
20 April 2017 - 12:15pm
Ssangyong Motors took the wrap off the Tivoli Air diesel model at a press event of the 2017 Shanghai Auto Show on the National Center for Exhibition and Convention on April 19. "In its 60-year...
Park Jung-won, chairman of the Doosan Group are making furniture for local families with Doosan employees.
Doosan Event across the Glove
20 April 2017 - 12:15pm
The Doosan Group announced on April 19 that the 'Doosan Day of Community Service' event was held by employees of its business sites all over the world. This year, in particular, the event marks its...
From left, Jung Sung-ho, a senior director of KB Kookmin Card and Jay Yun, CEO of UMS, Lee Nam-hong, director of KB Kookmin Card are posing for a photo at the head office of KB Kookmin Card in Seoul on April 18.
KB Digital Lab
20 April 2017 - 11:45am
The KB Financial Group will establish KB Digital Lab to push forward with various fintech businesses with global start-ups in the United States. The decision was made after Yoon Jong-kyu, chairman of...
Kyobo Life has been selected as an operator of the government’s pilot blockchain project.
BlockCain in Insurance
20 April 2017 - 11:30am
Kyobo Life announced on April 19 that the life insurer was finally selected as an operator of the government’s pilot blockchain project for laying the foundation for vitalizing the internet of things...
In the Kumho Tire sales to China-based Doublestar, it takes much attention whether Kumho Industrial allows Korea Development Bank (KDB) to use the trademark rights of the Kumho brand.
Achilles Tendon
20 April 2017 - 11:30am
It will decide the direction of the current sale of Kumho Tire whether Kumho Industrial allows Korea Development Bank (KDB) to use the trademark rights of the Kumho brand. The KDB thinks that Kumho...
Koo Sung-hoon (right), CEO of Samsung Asset Management and Brett Himbury, CEO of IFM Partners pose for a photo after signing an agreement on operating the “ Samsung-IFM Global Infra PEF Investment Trust” at Hotel Shilla in Seoul April 19.
Global Infra Fund
20 April 2017 - 11:15am
Samsung Asset Management said on April 19 that it would team up with Australia based-IFM Investors to raise a US$480 million worth private equity fund (PEF) designed to invest in infrastructure...
SK hynix has teamed up with a U.S.-based private equity firm (PEF) Bain Capital to acquire the memory chip unit of Toshiba.
Takeover Battle
20 April 2017 - 11:00am
SK hynix has teamed up with a U.S.-based private equity firm (PEF) Bain Capital to acquire the memory chip unit of Toshiba, the world's second-largest maker of NAND flash memory chips. It has been...

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