Not so long ago, bedbugs took a bloody bite out ofNew York. Many people were fearful, tourism businesses suffered, and the entire situation was portrayed with ridicule and satire on many comedy channels.
Amid a situation in which worries over the next year's economic prospect are mounting, Bank of Korea governor Lee Ju-yeol made a comment that there would be no escaping from the low-growth and deflation trap without fundamental restructuring of
SEOUL, KOREA- SK Hynix's Wuxi semiconductor plant in China resumed partial operation in three days after it halted C2 line operations due to fire. The company announced on September 8 that it completed safety checkup for one of the production lines at the Wuxi factory that was safe from fire damages, and resumed its operation from the morning of September 7.
Seoul Korea - Samsung Electronics plans to reform its retail network and organization in China, the epicenter of its sluggish smartphone business.Under this plan, Samsung Electronics intends to reduce its supply to large retail networks
SEOUL, KOREA — Ministry of Health and Welfare and Korea Food and Drug Administration decided that they would carry out a pilot program of co-indicating the sell-by date and use-by date of processed food at the ministerial meeting on price control that was held on 29 and would begin the preparation for the pilot program from this coming April. This program is a follow-up action after the “improvement plan for the indication of the expiration date for processed food” announced through the ministerial meeting on price control that was held in last Aug.
SEOUL, KOREA- Samsung Electronics started using SK Hynix’s mobile DRAMs for its Galaxy smartphones from this month. This is the first time for Samsung and SK Hynix, which ranks No. 1 and No. 2 in memory chip market respectively, to make mobile DRAM transactions.
SEOUL, KOREA - POSCO Energy has won the license to build and run a coal-fired combined cycle thermal power plant, or CHP-5, in Mongolia. The company said on June 22 that it held a signing ceremony on the 20th in Ulan Bator, with dignitaries including Mongolian Minister of Economic Development N. Batbayar, Minister of Energy M. Sonompil, POSCO Energy senior executive Shin Chang-dong, GDF Suez Asia-Pacific unit head Jan Flachet, as well as Japan's Sojitz Corp. executive and Mongolia's Newcom president Unenbat in attendance.
SEOUL, KOREA – LS Cable & System has become the first Korean wire and cable maker to enter the Latin American submarine cable market. As South America has seen increases in power consumption and demand for cables owing to its time-worn power grids, plans for numerous cable projects seem to be in the pipeline.