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Sunday, April 30, 2017

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Kumho Asiana Group Chairman Park Sam-koo decided not to exercise his right to buy back Kumho Tire.
Dropping His Right This Time
19 April 2017 - 10:45am
Kumho Asiana Group Chairman Park Sam-koo decided not to exercise his right of first refusal to acquire a stake in Kumho Tire. However, he urged creditors for a fair rebid, calling the process of...
Cash-strapped Daewoo Shipbuilding and Marine Engineering (DSME) has dramatically dodged a court receivership, starting towards a business normalization.
Towards Normalization
19 April 2017 - 10:45am
As Daewoo Shipbuilding and Marine Engineering Co. (DSME) successfully completed the bondholder's meeting on April 18, the cash-strapped company has dramatically dodged a court receivership. With...
US Vice President Mike Pence said Washington will “review and reform” the KORUS at a meeting of the American Chamber of Commerce in Seoul on April 18.
Korea-US FTA
19 April 2017 - 10:30am
US Vice President Mike Pence said on April 18 Washington will “review and reform” the free trade pact with Seoul, citing growing trade deficits and “too many barriers” to US businesses. "Most...
China’s TV programs covering Chinese arts and the like are aired in the prime time nowadays to take the place of the Hallyu
Hallyu Subsiding in China
19 April 2017 - 10:30am
China’s culture industry is flourishing these days based on its huge domestic market and overseas expansion. Meanwhile, the Hallyu (Korean Wave) in China is subsiding. Recent trends in China’s...
A photo of three Galaxy S8 phones with reddish displays (from left) posted by a customer who preordered the Galaxy S8. Two handsets in the center have excessive red tints on the screen.
Another Disaster?
19 April 2017 - 10:30am
Samsung Electronics’ smartphone business depends on the Galaxy S8, but the latest handset has come under fire for a quality issue even before it hits market shelves. As its previous model Galaxy Note...
Samsung Medison launched “HS40,” a low-end ultrasound diagnosis system, which has enabled the company to provide a full lineup of medical equipment along with premium and high-end products.
Diffusion Model
18 April 2017 - 3:45pm
Samsung Medison launched “HS40,” a highly performing, efficient ultrasound diagnosis system on April 17. As a strategic product for diversification of medical divisions, the HS40 is the first entry-...
Creditors of Kumho Tires are likely to start the process of selling the ailing tire manufacturer to a China-based company.
Consortium Not Allowed
18 April 2017 - 3:45pm
Creditors of Kumho Tires are likely to start the process of selling the ailing tire manufacturer to a China-based company as the state-run Korea Development Bank (KDB) decided not to accept the...
The Korean government will establish an incentive system which is applied to medical devices using innovative technologies such as robotics, artificial intelligence (AI) and 3D printing.
Innovative Techs Encouraged
18 April 2017 - 3:45pm
An evaluation and compensation system will be applied to medical devices using innovative technologies such as robotics, artificial intelligence (AI) and 3D printing. The Korean government will...
The Korean government will build “distributed bio big data” jointly with bio health industry.
For securing Biz Model
18 April 2017 - 3:45pm
The South Korean government will jointly build “distributed bio big data” with bio health industry in order to secure a business model for the Fourth Industrial Revolution in advance. Based on the...
The era of fossil fuels has gone and the era of new and renewable energy is on the horizon.
Era of New, Renewable Energy
18 April 2017 - 3:30pm
The global capacity of power generation based on new and renewable energy sources has reached an amount that can be consumed for one month by 3.4 billion households. In other words, the era of fossil...
The Kia Motors K5 GT sedan.
K5 GT
18 April 2017 - 3:30pm
South Korea’s second largest automaker Kia Motors Corp. is planning to release various high-performance models, which allow drivers to enjoy driving, one by one. Hyundai Motor Group appointed BMW M...
AmorePacific ranked 7th in the global cosmetics market, defeating Chanel and LVMH Moet Hennessy Louis Vuitton SE in terms of sales.
Brilliant Growth
18 April 2017 - 3:15pm
AmorePacific defeated Chanel and LVMH Moet Hennessy Louis Vuitton SE in terms of sales and ranked 7th in the global cosmetics market. The Korean beauty maker said on April 17 that Women's Wear Daily...

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