After Samsung Heavy Industries announced a large operating loss in the first quarter, Hyundai Heavy Industries followed suit in the second quarter with "earnings shock" level operating loss, leading analysts to believe the nation's major shipbuilders have fundamental problems in their competitive edge.
SEOUL, KOREA - Jeju Air, the largest low-cost carrier in Korea, plans to increase the service frequency of its domestic flights, effective from March 30. The airline announced on March 5 that it will increase the frequency of its flights between Gimpo and Jeju from 98 to 112 times per week on a round-trip basis.
SEOUL, KOREA - Samsung Electronics Co., Ltd, the global leader in mobile technology, today announced the launch of “Swarovski for Samsung,” an exclusive collection of Swarovski crystal accessories for the Galaxy S5 and Gear Fit.
SEOUL, KOREA – On Sunday, KT said it has signed an MoU with the Rwandan government to set up a joint venture company that will be tasked with the building of 4G LTE high-speed wireless networks in Rwanda.
SEOUL, KOREA- The combined share of Hyundai Motor and Kia Motors in the global automobile market for the first three quarters of the year has been 8.8 percent, slightly higher than the last year's. It remains to be seen whether the two auto makers could break the 9-percent barrier at the year's end.
MUNICH, GERMANY - The Swiss mobile network provider Swisscom is counting on highly secure NFC-enabled SIM cards from Giesecke & Devrient (G&D) to allow its customers to make payments with "Tapit". Tapit is the digital wallet for smartphones in Switzerland.
FREIBURG, GERMANY - The CEO of Jedox AG, Kristian Raue, has sold his shares in Jedox AG and is leaving the firm he established with his wife in 2002. Raue's shares have been bought by the financial investors eCAPITAL Partners and Wecken & Cie. The running of the firm will pass seamlessly to its directors, Matthias Krämer and Bernd Eisenblätter.
Putting Ideas into Action Entrepreneurs and movie makers have a lot in common. Both groups thrive on creativity and risk, each is responsible to their investors, they must translate creativity into reality and there is no guarantee of success.
Seoul, Korea - ‘Develop gas turbine manufacturing capacity, acquire 50,000 operation hours of reference within three years, and achieve 50% market share with gas turbines made in Korea.’ This is the framework for the local production of main generation equipment Korean government is planning.
SEOUL, KOREA- Samsung Group will make investment of up to 55 trillion won by the year's end. This is 7 trillion won more than last year's and 9 trillion won more than planned for the year. SK Group, meanwhile, will create about 8,000 new jobs, up 3 percent more than originally scheduled early in the year.
SEOUL, KOREA – In a situation where the national smart grid AMI (Advanced Metering Infrastructure) project has made baby steps for years due to a lack of high-performance chips, a Korean fabless semiconductor companies has taken up the gauntlet.
SEOUL, KOREA - Caffe Bene, a Korean specialty coffee shop chain, has acquired a bakery brand Mainz Dom. The two parties signed an agreement for Caffe Bene to acquire Mainz Dom’s retail outlets and production facilities in December 2012 and completed the deal in mid-January this year. The acquisition price is estimated at 3 billion won.
SEOUL, KOREA - The total number of the companies listed on KOSDAQ is 1,007. And it is revealed that their market capitalization in total is less than half that of Samsung Electronics, while NHN’s market capitalization is on a par with that of 100 KOSDAQ companies combined together.
BANKOK, THAILAND - Panelists at the Digital Dividend Ministerial Roundtable, ably moderated by ITU BR’s Francois Rancy shared views and debated the issues their countries were facing as they realize the transition from analogue to digital tv.
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