Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Seoul seeks to improve foreign nanny program after two abscond
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Samsung, top banks to create W2tr green growth fund for SMEs
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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College is expensive? In S. Korea, English preschools cost much more
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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SK Innovation to beef up ceramic coated LiBS
[THE INVESTOR] SK Innovation, the energy solution arm of SK Group, has decided to increase facility investments for the production of lithium-ion battery separator or LiBS, a key part of electric vehicles. The company said on June 20 it will set up two assembly lines at its production plant in Jeungpyeong, North Chungcheong Province, with aims to complete the facilities by the first half of next year. A company official holds LiBS produced at SK Innovation’s Jeungpyeong, North Chungcheong Provin
June 20, 2016
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Regulator mulls charging smartphone users TV license fees
[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on Monday. The g
TechnologyJune 20, 2016
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Samsung Display to pour W10tr into OLED production plant: report
[THE INVESTOR] Samsung Display will reportedly beef up its production capacity for organic light-emitting diode displays at its manufacturing complex in Asan City, South Chungcheong Province, in a bid to maintain the lead in the growing market for display technology.The Nikkei, a Japanese financial newspaper, reported last week that the company will spend around 10 trillion won ($8.5 billion) in newly building production facilities for display panels and updating existing ones this year. Around
TechnologyJune 20, 2016
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Pantech to release new smartphone
[THE INVESTOR] Smartphone-maker Pantech will release a new model on June 30, its first after being acquired by a consortium led by telecom equipment firm Solid in December last year.The firm, once the third-largest in Korea after Samsung and LG, was on the brink of bankruptcy due to decreasing sales and financial constraints in 2015.After it was acquired by the consortium, the firm has focused on rolling out connected devices for automotive, defense and home automation industries.The smartphone
TechnologyJune 20, 2016
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NXC chairman to be questioned by prosecutors
[THE INVESTOR] Kim Jung-ju of NXC Inc., the holding firm of games maker Nexon, is to be questioned by the authorities in connection with the scandal surrounding senior prosecutor Jin Kyung-jun.According to the Seoul Central District Prosecutors’ Office, Kim will be summoned for questioning, and his lawyers are currently working out a schedule. The prosecution said that they do not have evidence of any wrongdoing on Kim’s part and that the NXC chairman will be questioned as a witness. Kim Jung-j
TechnologyJune 20, 2016
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[DECODED: LOTTE] Shin Dong-bin’s battle wages on
[THE INVESTOR] In front of a bank of flashing cameras, Lotte Group chairman Shin Dong-bin took to the witness stand for a parliamentary audit for the first time as a chaebol chief on Sept. 17 last year. The five-hour grilling took place just as the public’s hostility toward Lotte -- including for its national identity, murky governance and bitter fraternal war -- was reaching its climax. Lawmakers were eager to drive him into a corner. But Shin remained outwardly calm even then, though his hands
MobilityJune 20, 2016
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Merck to establish nonprofit company for charitable work
[THE INVESTOR] Global pharmaceutical and chemical enterprise Merck will establish a nonprofit company, the Merck Family Foundation, to expand its charitable work, the Germany-based company said on June 20. The Merck Family Foundation will conduct charitable work such as promoting public health care and education, providing emergency aid in a community. To be involved in international development cooperation as a further goal, the global pharmaceutical company is also working out research project
IndustryJune 20, 2016
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Samsung Electronics to hold global executive meeting this week
[THE INVESTOR] Samsung Electronics’ annual global strategy meeting will start on June 21, with almost 500 executives in Korea and from overseas operations flocking to its headquarters. The company’s parts, appliance and mobile business divisions will hold separate meetings presided by three CEOs -- Kwon Oh-hyun, Yoon Boo-geun and Shin Jong-kyun. Samsung’s Suwon digital city complex in Gyeonggi Province.About 80 meeting sessions are scheduled to be held until next week. Considering previous year
TechnologyJune 20, 2016
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[DECODED: LOTTE] Timeline of Lotte family feud
MobilityJune 20, 2016
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[DECODED: LOTTE] Lotte in numbers
MobilityJune 20, 2016
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IoT will drive growth of chip market: Samsung
[THE INVESTOR] A top Samsung Electronics executive said that the Internet of Things market will serve as a driving force behind the company’s semiconductor business.Participating in an investor relations conference held at Conrad Seoul on June 20, Samsung’s chief technology officer So byung-se said “IoT will become a locomotive of the semiconductor business.”“Developers should tailor system-on-chips made by other chipmakers on their own, but the ARTIK platform gets rid of such nuisance,” the CTO
TechnologyJune 20, 2016
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Samsung to focus on building global IoT ecosystem
Samsung Electronics Co., South Korea's leading tech firm, said Monday it will accelerate a push for the establishment of a global Internet of Things (IoT) ecosystem based on its ARTIK platform.One of the key words for the ecosystem is an "end-to-end (E2E)" solution to link module and cloud services to make it easier and faster for its worldwide partners to develop IoT products.ARTIK is Samsung's IoT module composed of an application processor, memory, sensor and communication module. It supports
TechnologyJune 20, 2016
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Minimum wage needs balanced, flexible approach
[THE INVESTOR] Labor and management representatives continued to run parallel last week at the fourth and latest round of negotiations on setting the minimum wage across the country next year.Labor groups insist that the 2017 minimum wage should be pegged at 10,000 won ($8.59) per hour, up 65.8 percent from 6,030 won this year, while business circles call for a freeze.According to data from the Minimum Wage Commission, Korea’s minimum wage rose by an annual average of 8.7 percent over the 15 yea
June 20, 2016
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Park Yoo-chun files counterclaim against sexual assault accusation
Singer and actor Park Yoo-chun on Monday filed a counterclaim against the first woman who had filed a sexual assault complaint against him. She withdrew the complaint a few days after filing it. Park’s complaint against the woman involves claims of a false statement and blackmail. Park’s legal representative from the law firm Shin & Kim filed the complaint at Gangnam Police Station on Monday afternoon. Park is reportedly considering whether to file similar complaints against the second, third an
TelevisionJune 20, 2016
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Boryung Pharma signs export deal
[THE INVESTOR] Boryung Pharmaceutical on June 20 clinched a deal with Sandoz, the generic division of Swiss drug maker Novartis, to export its anti-hypertension drug Cilnidipine to Southeast Asian countries. Under the contract, Boryung will provide US$ 73 million worth of drugs through Sandoz to six countries, including Thailand, Philippines, Malaysia, Singapore, Taiwan and Hong Kong over the 10 year period. “Based on the experience from Knarb’s marketing abroad, we will increase our brand’s val
IndustryJune 20, 2016
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Chip prices projected to rebound
[THE INVESTOR] Speculation has grown over the possible rally of semiconductor prices amid the industry’s efforts to control the supply and releases of new smartphones, industry sources said Monday. According to global online semiconductor market DRAMeXchange, the spot price of DDR3 began its rebound early this month. The prices of DDR3 and DDR4 have been on the decline since late 2014, with each hitting record lows last month, at $1.25 and $1.31, respectively. The fall of DRAM price has, consequ
TechnologyJune 20, 2016