Articles by 임정요
임정요
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Korean firms far behind global peers in 'big data' use
Only around 5 percent of South Korean companies make use of "big data" in their businesses, far lower than 29 percent of global firms, recent surveys showed.Among local firms with 100 employees or more, 4.3 percent were using big data, which is large volumes of instant digital data, as of October last year, according to South Korea's National Information Society Agency.The rate was 9.6 percent among those with over 100 billion won ($85 million) in revenue.A majority of companies said they feel n
Technology May 13, 2016
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LG International, Tehran sign deal to cooperate in developing EVs
LG International Corp., the trading arm of South Korea's LG Group, said Friday that it has signed a tentative deal with the Iranian government to cooperate in developing electric vehicles and establishing necessary infrastructure.Under the deal, LG International will work with local companies to develop electric vehicles and build charging stations. They also agreed to produce about 60,000 units of EVs by 2023.Other details on the terms of the agreement were not known.Both sides are seeking to f
Industry May 13, 2016
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Park to meet Mongolia's leader next week
President Park Geun-hye will meet with her Mongolian counterpart, Tsakhiagiin Elbegdorj, in Seoul next week to discuss bilateral ties, Cheong Wa Dae said Friday.The meeting, which will take place next Thursday, will be an opportunity for the two countries to expand bilateral ties, the presidential office said.The Mongolian leader will arrive in Seoul next Wednesday for a three-day visit. It marks the first time that he has visited South Korea since taking office in 2009."The trip will be an oppo
Politics May 13, 2016
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N. Korea's Kim visits machinery exhibition in 1st public appearance since congress
North Korean leader Kim Jong-un has visited a machinery exhibition in his first public field inspection since he was appointed the chairman of the ruling Workers' Party of Korea earlier this week, according to the country's state news outlet on Friday."Kim Jong-un, chairman of the Workers' Party of Korea, went around the exhibition of machinery and equipment manufactured as labor gifts of loyalty to be presented to the congress of the motherly party," the North's Korean Central News Agency said
North Korea May 13, 2016
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Hyundai Motor unveils wearable robot
Hyundai Motor Group, South Korea's auto giant, has unveiled photos of a wearable robot that can be applied in plants, national defense and many other areas, group officials said Friday.The robot that one can wear by simply buckling into it is reminiscent of the suit seen in “Iron Man,” a Hollywood blockbuster movie. It has been developed by major affiliates of the auto giant including Hyundai Motor Co., Kia Motors Corp. and Hyundai Rotem Co., according to the officials. Some photos of the robot
Technology May 13, 2016
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In Iran, booming Korean culture leads many youngsters to study the language
It was a rainy afternoon, but a small classroom at a South Korea-sponsored Korean language school in Tehran was packed with 15 young people eager to learn a foreign tongue.The students were good enough to complete a few simple sentences although they were in the beginner's class.They looked quite serious while practicing conversation in Korean in pairs, such as, "How did you get to the King Sejong Institute?" "I came by taxi."The King Sejong Institute opened two years ago with 52 students in thr
International May 13, 2016
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BOK holds key rate steady at 1.5%for May
South Korea's central bank kept its key rate steady at 1.5 percent for the month on Friday, extending its wait-and-see mode for the 11th consecutive month.The Bank of Korea has stood pat on the policy rate since June 2015 after sending it to a record low level to help bolster growth in Asia's fourth-largest economy.Friday's decision by the BOK monetary policy board comes amid continued signs of a sagging economy.South Korea's exports have fallen every single month since the start of last year, p
May 13, 2016
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Banned swimmer Park Tae-hwan to meet with officials over Olympic status
South Korean swimmer Park Tae-hwan will meet with representatives from the national Olympic committee over his status for this year's Summer Games, a senior sports official has told Yonhap News Agency.Cho Young-ho, secretary-general of the Korean Olympic Committee, on Thursday said Park will visit the KOC's headquarters in Seoul for a meeting at 10 a.m. on May 25.Park's agency, Team GMP, confirmed that Park requested a meeting with the KOC on Tuesday and heard back from the organization about th
Olympic Games May 13, 2016
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Merger dispute on Kumho affiliates pits two brothers in another feud
A feud between brothers who formerly ran Kumho Group entered a fresh round with the younger brother trying to stop a merger that would hand over a lucrative affiliate to his elder sibling, corporate watchers said Friday.Kumho Petrochemical, run by younger brother Park Chan-koo, recently made an official demand to stop the merger between Kumho Terminal and Kumho & Company, calling the deal a grave negligence. Kumho Petrochemical chairman Park Chan-koo (left) and Park Sam-koo, chairman of Asiana A
Industry May 13, 2016
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Korean shares open tad lower ahead of BOK meeting
South Korean stocks opened slightly lower on Friday as investors took a wait-and-see approach ahead of the central bank's rate-setting meeting.The benchmark Korea Composite Stock Price Index fell 0.43 points, or 0.02 percent, to 1,977.06 in the first 15 minutes of trading. Investors remained on the sidelines as the Bank of Korea is to hold its monetary policy meeting. It is widely expected to keep its rate unchanged for May.The local currency was trading at 1,171.6 won against the U.S. dollar, d
May 13, 2016
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Obama's Hiroshima visit to honor not only A-bomb victims, but 'all innocents lost in WWII': White House
U.S. President Barack Obama's planned visit to the Japanese city of Hiroshima is aimed at honoring the memory of not only Japanese victims of the 1945 U.S. atomic bombing, but also all innocents lost during the war, the White House said Thursday.Obama is scheduled to visit Hiroshima on May 27 in what the White House described as a "historic" trip that will make him the first sitting American president to do so since the U.S. dropped an atomic bomb in the city to end World War II. White House off
International May 13, 2016
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U.N. chief to visit Korea amid speculation about presidential election
U.N. Secretary-General Ban Ki-moon will visit his native South Korea for international conferences later this month, his spokesman announced Thursday, as speculation persists about the possibility of his running for president.Ban will visit the southern resort island of Jeju on May 25 for a regional multilateral dialogue for promoting peace and prosperity in East Asia, known as the Jeju Forum, spokesman Stephane Dujarric said at a regular briefing.Ban will then travel to Japan's Ise-Shima on May
Politics May 13, 2016
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Judge-turned-lawyer arrested in influence-peddling scandal
Prosecutors formally arrested a judge-turned-lawyer accused of accepting billions of won from clients in exchange for promises to use her connections and influence over courts to help them win lighter sentences.The Seoul Central District Court issued the arrest warrant for lawyer Choi You-jeong Thursday night over suspicions that she took total of about 10 billion won ($8.6 million) from two clients -- cosmetics firm Nature Republic CEO Jung Woon-ho, accused of gambling, and an investment firm o
Social Affairs May 13, 2016
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19th Korean speech contest took place on Thursday
The 19th Korean speech contest took place on Thursday at Kyunghee University’s Crown Concert Hall in Seoul, with the best prize going to Uzbekistan student Rakhimboboev Bakhtiyor.According to the Institute of International Education at Kyunghee University, 1,325 people from 43 countries applied to participate in this year’s event. From this number, 68 made the cut at a preliminary round last month.(Yonhap)A majority of them were international students studying in Korea, but some were practicing
Expat Living May 12, 2016
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Largest rose festival to open in Ulsan
The 10th rose festival at Ulsan Grand Park will open next Friday. According to the Ulsan city government, it is the largest festival of its kind, with more than 263 kinds of roses that will be arranged for the occasion in a space larger than 44,000 square meters. (Yonhap)The city said it has prepared a parade and a musical as part of efforts to establish its festival as a prime rose festival of the country. The opening ceremony will take place at 7 p.m. with a “Rose Queen Fantasy Parade” and a
Expat Living May 12, 2016
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