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Wednesday, February 21, 2018

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Dong-A ST has completed construction of a biopharmaceutical production plant jointly established with Indonesian partner Combiphar.
Joint Pharmaceutical Business
7 February 2018 - 11:00am
Dong-A ST Co., a drug ingredient-making subsidiary of Dong-A Socio Holdings Co., announced on Feb. 6 that it has completed construction of a biopharmaceutical production plant in Indonesia to push...
South Korea’s information and communications technology (ICT) including free public WiFi system construction constitutes this year’s special contribution project of the Asia-Pacific Telecommunity (APT).
Special Contribution Project
7 February 2018 - 10:45am
The Ministry of Science and ICT announced on February 6 that South Korea’s information and communications technology (ICT) including free public WiFi system construction constitutes this year’s...
Industrial Bank of Korea (IBK) acquires 82.59% shares of Bank Agris.
First Acquisition in Bank History
7 February 2018 - 10:45am
Industrial Bank of Korea (IBK) and Dian Intan Perkasa (DIP), which is the largest shareholder of Bank Agris, recently signed a conditional stock purchase agreement so that the former acquires the...
Cheonho Station of Seoul Subway will have the world's first artificial solar lighting system in subway history.
Artificial Solar Lighting
7 February 2018 - 10:30am
Cheonho Station of Seoul Subway Lines 5 and 8 will have the world's first artificial solar lighting system in subway history. Seoul Metro announced on February 6 that the company would create the '...
A demonstration of Hyundai Mobis’ Remote Smart Parking Assist (RSPA) (Photo courtesy of Hyundai Mobis)
Remote Smart Parking Assist
7 February 2018 - 10:15am
Hyundai Mobis began to roll out a state-of-the-art braking and parking system of its own development on a full scale after completing its mass-production system. On February 6, Hyundai Mobis...
Daewoo Engineering & Construction incurred an estimated loss of 300 billion won (US$270 million) to 400 billion won (US$360 million) in Q4 of last year in its combined cycle power plant construction site in Safi, Morocco.
Any Impact on the Sale of Company?
7 February 2018 - 10:00am
According to industry sources on February 6, Daewoo Engineering & Construction incurred an estimated loss of 300 billion won (US$270 million) to 400 billion won (US$360 million) in the fourth...
South Korea ranked 13th that year in terms of the number of the most sought-after export items by listing 71 items.
Most-sought Products
7 February 2018 - 9:45am
According to the Institute for International Trade (IIT) of the Korea International Trade Association (KITA), 71 South Korean export items were the most sought-after ones in the world in 2016 and...
South Korean cryptocurrency exchange Coinpia halt trading from as Feb. 6 as banks are reluctant to issue a new cryptocurrency accounts.
Due to Reluctance of Banks
7 February 2018 - 9:30am
As banks continue to be reluctant to issue a new cryptocurrency accounts, a South Korean cryptocurrency exchange, which failed to open a digital currency account, has decided to suspend its...
Samsung Electronics will make an investment worth of 30 trillion won in its semiconductor complex in Pyeongtaek, South Korea.
Speed Management Revived
7 February 2018 - 9:15am
Samsung Electronics will begin to invest up to 30 trillion won (US$27 billion) in Pyeongtaek Semiconductor Plant 2 in two days after vice chairman Lee Jae-yong’s release from prison. According to the...
Pansori rapper Jung Pan-sol performs.
Unusual Concert
6 February 2018 - 12:15pm
Artistic sounds in an ancient cave created a beautiful winter scenery with the snow from the holes in the ceiling of the cave. A cave Concert took place under the theme of “Concert with Poem and Art...
KT labor union and civic groups held a rally to demand Chairman Hwang Chang-gyu to resign.
Slush Fund Allegations
6 February 2018 - 11:30am
Police raided KT Corp. with a search warrant on February 5 for its illegal political funding allegations. The KT Labor Union and civic organizations are putting pressure on KT Chairman Hwang Chang-...
KT Chairman Hwang Chang-gyu (right) participates in an international call from the KT headquarters in Seoul, on Feb. 5 to Minneapolis, US, with Verizon counterpart, chairman Lowell McAdam using a pre-commercial 5G network and Samsung prototype 5G tablets.
5G Leaders’ Collaboration
6 February 2018 - 11:30am
KT Corp. announced on Feb. 5 that it demonstrated 5G services, such as omni-point view and virtual reality (VR), during the NFL Superbowl event held in U.S. Bank Stadium in Minneapolis, Minnesota, on...

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