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Samsung Conference Call
1 August 2014 - 1:26pm
Samsung Electronics, which is struggling owing to the limits of the smartphone market, is trying to overcome the crisis by heavily investing in B2B businesses such as semiconductors and displays. In...
Choi Yang-hee (right), minister of Science, ICT and Future Planning, demonstrates smart media at the opening ceremony of the Smart Media Innovation Center held in the Korea Communications Agency in Seoul on July 31.
Smart Media Innovation
1 August 2014 - 1:19pm
The government is actively seeking to revitalize the ecosystem for smart media. The Ministry of Science, ICT and Future Planning (MSIP) announced that a smart media innovation center in charge of...
The front view of Seoul National University Hospital.
Korean Hospitals Come Home
1 August 2014 - 1:00pm
Korean hospitals have rushed into Asian and Middle Eastern countries since around 2000, when the popularity of Korean pop culture began to soar in these regions. However, an increasing number of them...
Sales of apartments of 96 square meters and up have increased for the first time in 3 years, sparking optimism and hope in the economic recovery.
Effect of Deregulations
1 August 2014 - 12:53pm
The amount of household loans showed a rapid increase in June on the expectations of housing market deregulation characterized by LTV and DTI adjustment. The Financial Supervisory Service announced...
Expanded R&D Budget
1 August 2014 - 12:39pm
The government is investing 1.039 trillion won (US$1.005 billion) in basic research next year, 4.2 percent higher than this year. This is the first time that more than one trillion won is earmarked...
Bitcoin Disappear
1 August 2014 - 11:43am
The Mainichi Newspaper reported on July 31 that the Japanese police confirmed the wrongful withdrawal of 27,000 bitcoins, which is equivalent to 1.6 billion yen or US$15.7 million, out of the virtual...
Equipment industries require a lot of infrastructure investment.
Overwhelming Competition
1 August 2014 - 10:30am
The export performances of the top five export industries are radically worsening due to the appreciation of the Korean won and oversupply from China. Hyundai Heavy Industries reported its...
Alliance for Global Dominance
31 July 2014 - 6:27pm
Korea’s number one portal Naver is in negotiations for investments and strategic partnership with Softbank of Japan and Alibaba Group of China. An executive at Naver said, “As Softbank and Alibaba...
Deputy Prime Minister and Minister of Strategy & Finance Choi Kyung-hwan delivering a speech at an economic ministerial meeting held on July 30.
Money to Households
31 July 2014 - 5:50pm
The Korean stock market has been on a roll since the inauguration of Deputy Prime Minister Choi Kyung-hwan. His so-called Choinomics is being frequently compared to Abenomics, which pulled up the...
Business Scandal
31 July 2014 - 5:35pm
TNPI, The Coffee Bean & Tea Leaf’s franchise company in China, recently sued Mirae Asset Chairman Park Hyun-ju. The case has been assigned to the Seoul Central District Prosecutor's Office. ​...
iBeacon running on iOS7.
Core of Internet of Things
31 July 2014 - 5:16pm
Beacon, which is a short-distance location tracking technology, is emerging in the IT sector as a state-of-the-art advancement. Although the method was not recently developed, it started to receive a...
Earnings Aftershock
31 July 2014 - 5:10pm
The Samsung Group's move aimed at spurring management innovation to overcome limits to growth has put Samsung subsidiaries on edge. As business restructuring and reorganization is scheduled in August...

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