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Business

Investment

Investment Guide
Wednesday, March 3rd, 2010

Local Corporation Establishment

Required Documents

Jeollabuk-do Attracts Investment from 11 Global Companies
Monday, January 4th, 2010

Jeollabuk-do has attracted about W8.3 trillion in investment from 427 companies since July 2006 when the governor of the province was inaugurated.

In particular, the province attracted 11 global companies with an investment of over W100 billion  during the period, greatly contributing to the regional development, Kim Wan-joo, governor of Jeollabuk-do said.

Praxair Starts up New Plant at Samsung Complex in Tangjeong, Korea
Wednesday, December 16th, 2009

Seoul, Korea - Praxair Korea, a wholly-owned subsidiary of Praxair Inc. (NYSE: PX - News), has started up a new air separation unit to supply 1,975 tons per day of nitrogen gas to support Samsung Electronics' advanced thin-film-transistor, liquid-crystal-display (TFT-LCD) factory in Tangjeong, South Korea. It is Praxair's second air separation plant at the facility.

Samsung's Tangjeong complex is the world's first and largest eighth generation TFT-LCD plant and is designed to expand to meet demand for future generations of LCDs.

YESFEZ to Focus on Knowledge, Creativity
Wednesday, November 25th, 2009

The Yellow Sea Free Economic Zone (YESFEZ) will be developed into a knowledge creative economic zone centering on key industries, a top official of the YESFEZ said.

SGFEZ Focuses on Renewable Energy, Parts & Materials
Wednesday, November 25th, 2009

The Saemangeum Gunsan Free Economic Zone (SGFEZ) Authority plans to attract new and renewable energy and advanced parts and material companies, a top official of the authority said.

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Interviews

Seoul SMBA, the New Matchmaker for Korean Cutting Edge Technology and Global Venture Capital
Thursday, March 11th, 2010

Dr. Baek Du-ock, Administrator of Seoul SMBA, said in an interview with Korea IT Times: "It is essential that you do things for others to bring opportunities for small and medium- size competitive enterprises (SMEs) that make them go out and do their businesses in world markets with cutting edge products and innovative technology.

Seeing the Future of Korea through Vibrant Incheon
Tuesday, March 9th, 2010

Incheon City Hall is not far from Seoul, but it feels really far. Although Incheon is the closest metropolitan city from Seoul, I was more than 20 minutes late for my interview due to heavy traffic. Finally, I started my interview with Mr. Hwang Ui-sik, the Director of Culture, Tourism, and Sports Bureau of Incheon City.

Former McDonald’s Corporation Vice President on Commerce, Then and Now
Monday, March 8th, 2010

Jerry Langley, Up and Beyond

From lending money, to borrowing money, to teaching the crafts of money-making, Jerry Langley has certainly moved upwards on the social ladder, or as he may call it, the learning curve. Considering the achievements of Jerry Langley, a shift along the learning curve may be an oversimplification. Based on Jerry Langley's background as the Vice President of McDonalds Corporation, Korea IT Times held an interview to share his insights on world commerce, both past and present.

Convergence of IT and the 2018 Winter Olympics
Wednesday, February 10th, 2010

We drank a bitter cup of defeat twice but we will most certainly succeed on our third.

Comming Soon: Ubiquitous Business Town
Monday, February 8th, 2010

Asia has risen as one of major economic sectors of the world. With the growing economic power of China, especially, Northeast Asia takes an important role in the global economy. Korea is geographically surrounded by countries like China, Japan, and Russia. Being close to global economic leaders could be either an advantage or a disadvantage.

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Academia

Can Cutting-edge Tech Make Silicon Valley-based University Largest Worldwide?
Wednesday, June 10th, 2009

Yau-gene Chan is a charismatic guy, you can tell just by looking at him. He's got big ideas, going to tell you about them, and you're going to enjoy hearing about them. The fact that he was introduced to me by Dr. Kim Wan-hee, called the Godfather of the Korean electronics industry, did not hurt either.

The Harvard of Online Education
Sunday, December 14th, 2008
Daegu Cyber University began to usher in a new era when it was authorized to be an advanced 4-year university by the Ministry of Education, Science and Technology last October 30. Since 2001, when it was designated as a life-long educational institution, Daegu Cyber University (DCU) has devoted itself to giving students, old and young, rich and poor, opportunities to learn.
New Educational Opportunities
Thursday, October 11th, 2007
Kyung Hee Cyber University (www.khcu.ac.kr), a frontrunner among domestic cyber universities, recently held an enrollment fair in the United States. The university has also undertaken an international project of facilitating the KHCU Study Hall abroad.

First off, Kyung Hee Cyber University held its enrollment fair on August 1st in Orange County and on August 2nd in Los Angeles, in the hopes of acquainting Koreans in America with the latest advancements in cyber universities and new opportunities to acquire an academic degree.

Uninterrupted Connectivity at Seoul National University
Thursday, October 11th, 2007

Seoul National University (SNU), the top university in Korea, has begun to offer WiBro service to its students. The offering started on September 11th, in which students of SNU could buy yearly service from Korea Telecom for the price of US$50 a year.

KAIST - Not Yet at Critical Mass
Monday, September 10th, 2007

KAIST Business School was founded in September 2006 to efficiently manage the Graduate School of Management, founded in 1996, the Graduate School of Finance and the Graduate School of Information and Media Management. The School utilizes KAIST's original Seoul campus, after an extensive renovation last year.

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Events

2010 G-Trade Global Export Fair Invites Global Companies to Promote Gyeonggi Province's Major Products
Friday, March 5th, 2010

Gyeonggi Province and Gyeonggi Small & Medium Business Center (GSMB) held the '2010 G-Trade Global Export Fair' at Suwon IBIS Ambassador Hotel on March 5. The event was scheduled the day after 'Buy Korea 2010' as a continuous effort to bring more potential global buyers to Gyeonggi Province. Ninety companies from 23 different countries were invited to have meetings with approximately 400 small and medium size companies in the Province. Gyeonggi Province's major products include IT/Electronics, LED, security, auto parts, medical equipment/BT, machinery, and construction.

SHAPE 2010: Discussions About the Nuclear Industry
Thursday, March 4th, 2010

The Summit of Honor on Atoms for Peace and Environment (SHAPE 2010) will be held in Seoul, South Korea for four days starting on March 10. More than 150 global leaders in the nuclear industry will attend the summit to discuss nuclear energy and security issues.  The attendees include Dr.

Matriculation for SMEs in Suwon
Thursday, December 10th, 2009

On November 17, I traveled down to the Ramada Hotel in downtown Suwon for a special event - the Gyeonggi-UT Innovation Program's Year 1 Signing Ceremony. This was a very important time for a dozen lucky companies in the Gyeonggi Province region.

Creating One Asia Together
Wednesday, December 9th, 2009

One of the many speakers present at the Asia Economic Community Forum was Gerard Roland, a professor at UC Berkeley. In a debate about 21st century capitalism, he shared his opinions with everybody. The introduction of the 20th century started out with economic prosperity and peace, but in the latter stages sparked two of the bloodiest wars in history.

Glowing Chariot of GMV 2009
Tuesday, December 8th, 2009

Vodafone, Telefonica, Verizon Wireless, ORANGE, NTTdocomo, Nokia, and Ericsson all mounted KOTRA's glowing chariot to meet the Korean mobile telecommunication companies from November 10-12 at the COEX Intercontinental Hotel. Here, about 110 mobile telecommunication companies gathered from all around the world to do business and make business.

Korea Ascends to New Plateau
Monday, December 7th, 2009

Monday, November 30th, was the 46th Trade Day in Korea. The Trade Day event was held as a celebration for reaching 9th place in total exports in the world for the first time. For this remarkable celebration, Lee Myung-bak, president of South Korea; Choi Kyung-hwan, Minister of Knowledge Economy; and more than 1,000 representatives and workers of trade enterprises and the government participated. It is noticeable to see a country to be included among the world's top ten, even at a time when global economic crisis has significantly deteriorated exports.

KSA Holds 35th National Quality Management Contest
Friday, November 27th, 2009

The 35th national quality management contest was held at COEX in Seoul on Nov. 25 with the attendance of some 1,700 government officials, businessmen, workers and other guests.

The annual event, sponsored by the Korean Agency for Technology and Standards of the Ministry of Knowledge Economy and managed by the Korean Standards Association (KSA), is designed to spread quality management activities to all industries by presenting national quality awards to excellent companies and businessmen that greatly contributed to improving the quality of goods and services, a KSA spokesman said.

Top Global Mobile Telecom Companies Board GMV2009
Wednesday, November 4th, 2009

Vodafone, Telefonica, Verizon Wireless, ORANGE, NTTdocomo, Nokia, and Ericsson have all mounted KOTRA's glowing chariot to meet the Korean mobile telecommunication companies from November 10-12 at the COEX Intercontinental Hotel. Here, about 110 mobile telecommunication companies will be gathered from all around the world to do business and make business.

Gate Opens to Welcome the Chariot

Getting Global Cooperation on Green Growth with IASP 2010 Daedeok
Wednesday, November 4th, 2009

Recently the Korea IT Times was able to speak with Kang Gye-doo, CEO of Daedeok Innopolis, on the subject of the upcoming International Association of Science Parks (IASP) World Conference on Science and Technology Parks on May 23-26, 2010, since it will be held in his very own Daedeok Innopolis. Mr.

Asia Leads the Digital Future
Wednesday, November 4th, 2009

There is no doubt that we now live in a world that is being united by the ability of people to find and share whatever they want to from thousands of different fields of study.  Among these fields of study, electronics might be the one that gives the most opportunities to the most people in the most effective way.  Many people from all over the world come to Asia to find these electronics-related opportunities.  The Asia Electronics Exhibition in Shanghai (AEES) 2009

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Economy

KODIT to Differentiate Credit Guarantees in 2010
Wednesday, February 3rd, 2010

Korea Credit Guarantee Fund (KODIT) will expand and differentiate its extension of credit guarantees this year. Ahn Taik-soo, chairperson & CEO of KODIT stated, "We will expand the total volume of credit guarantees by KRW400 billion from KRW42.6 trillion in 2009 to KRW43 trillion in 2010."

Hot Topics in 2010's Economies
Thursday, December 24th, 2009

 

Forecasters of 2010 Economy
The Lowest Trade Surplus Record for Last Seven Months
Monday, September 7th, 2009

The national trade balance has been US$1.7 billion in the black since February of this year.

The Ministry of Knowledge Economy announced that “last month, exports fell by 20.6% year-on-year to US$29.1 billion while imports dropped by 32.2% to US$27.4 billion, but the trade balance was still US$1.7billion in the black.

Samsung and LG, Sign MOU for LCD Panel Cross-purchase
Monday, August 24th, 2009

After one year of discussion, the LCD panel cross-purchase between Samsung Electronics and LG Display will finally be realized. According to an industry spokesperson, Samsung Electronics and LG Display will conclude an MOU at the Renaissance Hotel on Aug. 25.

Mission Korea: Nail e-Finance as a New National Brand
Thursday, July 9th, 2009

- The First in a Series of Six Special Reports - 

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IMAC 2009

Light Shines through Nepes' Tech at IMAC 2009
Monday, April 20th, 2009
IMAC 2009's April showers suggested a blooming Nepes botanical garden in the near future.  And the Nepes Corporation booth did not disappoint, presenting a wide variety of flowers growing in 2009. The world’s first high quality color glass for future architecture is only the starting line of this botanical garden.
Surprising IT Connections Everywhere
Thursday, April 16th, 2009

One would think that the company Woongjin Chemical would be almost entirely unrelated to the IT industry, but one would be mistaken.  Woongjin Chemical gives a very good impression with a front-row, large-scale booth at the International Materials and Components Industry Show 2009, showing off the products of its four divisions – the fiber division, textiles division, materials division, and filter division.  It’s the last two which are the surprising two.

River of India Entering International Manufacturing Game
Thursday, April 16th, 2009

At the 2009 International Materials and Components Industry Show 2009 there are more than a few metal materials companies.  However, one stands out, the mark of a new trend in international business.  River, a precision engineering company from India, shows that the three-man game of Japan-China-Korea has a fourth player now.

Eclectic Show Throws Robotics, Lingerie Together
Thursday, April 16th, 2009

Trade shows usually have one major theme that ties all the companies that attend it together.  But when the show’s theme is components and materials, virtually any company qualifies.  The 2009 International Materials and Components Industry Show has attracted a large variety of companies, from textile underwear manufacturers to robotics components companies.

Seoul Motor Show

Rich History, Long-standing Class
Tuesday, April 7th, 2009
SsangYong Motor Company Shows off Eco-Friendly Future Tech
Tuesday, April 7th, 2009
SsangYong Motor Company unveiled the concept model for the C200 that is scheduled for release within the year. The C200 is a Compact Urban-styling Vehicle (CUV) and the company's milestone in its mid-long term strategy. Two models are exhibited at the motor show this year: the ECO with its eco-friendly hybrid system and the AERO with its air of reined-in urban sensitivity.
Renault Samsung Takes Futuristic Leap
Tuesday, April 7th, 2009
Renault Samsung is a car company known for its stately, conservative automobiles. So the eMX concept car that is on display in their booth this year is a real surprise. It is also a treat for the eyes, all soft curves and rounded edges. This is RSM Design's first concept car, and the eMX stands for eco-Motoring Experience.
Affordable, Cheap Electric Cars are Here! Really this time!
Tuesday, April 7th, 2009
Recently people have started wanting all the latest high-tech goods to incorporate IT, and for good reason, because IT has become an almost essential part of every industry. Of course, the Green car industry needs IT too. This field has been developing electric cars and smart Green cars which incorporate IT.
Hyundai Means Hybrid
Tuesday, April 7th, 2009
Hyundai Motors has the most hybrid vehicles on display this year at the Seoul Motor Show. They have both hybrid concept cars and older vehicle lines which have been adapted to become hybrids.
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Company Profiles

SolarScience paves the way for Green environment
Wednesday, December 30th, 2009

Environmental problems are no longer an issue to procrastinate, but to take immediate action in order to prevent further environmental damages. The trend in Information Technology today is tilting towards eco-friendly and green technology; thus, vehicle manufacturers and other businesses are seeking to get a patent for various green products; although it sounds as though it may be exhausting and thorny, SolarScience Co.

Jade's Healthful Properties Proven
Monday, September 14th, 2009

Jade is a gemstone. Its name may remind you only of jade rings on the fingers of beautiful women in traditional costumes.

E-government Export Key to National ICT Development
Wednesday, September 9th, 2009

Korea's e-government system is reputed to be a representative model for all similar products, and government officials from overseas are visiting Korea to check its progress every year, SK C&C CEO Kim Shin-bae said in an interview with the Korea IT Times.

SK C&C, Leading Provider of Total IT Services
Wednesday, September 9th, 2009

Total IT Services

Since it was founded in 1991, SK C&C has contributed to enhancing national competitiveness and advancing Korea’s information technology by providing total IT services ranging from providing IT consulting to building and maintaining systems for all sectors. The company has, therefore, served all industries including finance, communications, energy and logistics services, as well as the public sector highlighted by e-government.

Shinhan Group to Seek Green Finance
Tuesday, September 8th, 2009

Shinhan Financial Group announced on Sep. 1 an ambitious plan to push for green finance.

The plan was released by CEO Shin Sang-hoon at a ceremony in Seoul to celebrate the 8th anniversary of the group's launch.

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Trade

Buy Korea 2010, The World's Largest Trade Fair
Thursday, February 25th, 2010

The "Buy Korea" brand is being promoted globally

Technology Hub at Center of Northeast Asia
Thursday, December 10th, 2009

Korea is an understated country. Maybe that is the reason why one of Asia's most active research and development clusters nestled away in Daedeok Valley has not received the attention internationally of a Silicon Valley.

Korea Branching Out with DMB
Wednesday, November 4th, 2009
Ericsson to Supply Mobile Telecom System to KT
Wednesday, September 30th, 2009

Ericsson, Sweden's world-leading supplier in telecommunications, will make inroads into Korea's fourth-generation cellular wireless (4G) market based on a deal with KT. This will likely spark competition among telecommunications equipment suppliers to grab a larger share in the country's 4G market, and prompt service providers to introduce a 4G system.

LSIS Advances into US Smart Grid Market
Thursday, September 24th, 2009

LS Industrial Systems has secured a beachhead in its effort to make inroads into the US Smart Grid market. LSIS on Sept. 23 said it signed a letter of intent with Silver Spring Networks (SSN), a leading US Smart Grid network solutions provider, in Washington DC.

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