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.
SEOUL, KOREA - Despite the high expectations of across-the-board increase in oil stocks following the air strikes in Iraq, the S-Oil stock is still unable to find an upward momentum. On August 8, S-Oil shares were closed at 53,500 won, down 0.37 percent from the previous day. This is in contrast to a 1.49-percent rise of the SK Innovation stock as the West Texas Intermediate crude oil price on the same day rose 0.3 percent to US$97.65.
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.
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 - Daewoo International, the trading arm of POSCO Group, is moving to increase the sales share of accounts receivable without recourse as a way to reduce its debt ratio. According to company sources on July 27, it would try to sell accounts receivable worth US$4.8 billion by the year's end. Accounts receivable without recourse are those debts that the factor (purchaser of the receivable) must bear the loss if the original account debtor does not pay the invoice amount.
At this year's SXSW festival in Austin, Twitter CEO Evan Williams unveiled @Anywhere, a new set of tools aimed at Twitter partner sites-think media outlets, retailers, celebrities, and other big names-to embed Twitter feeds and functionality in their sites without making people rush off to Twitter.com to say what they really think in 140 characters or less.
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.
SEOUL, KOREA – On Wednesday, Samsung Electronics held “Samsung Africa Forum” in Cape Town, South Africa to showcase its premium products (e.g. the Samsung 85 inch UHD TV) targeting VVIPs and a slew of locally adapted products.
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 - ‘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 - The share prices of major game companies are on a free fall on the news that the Constitutional Court ruled that the so-called "shutdown law," or formally the Youth Protection Revision bill, is constitutional. In May 2011, a law that forbids children under 16 years of age from playing video games from midnight to 6 am. To this, a group of Korean game developers and publishers challenged on constitutional grounds.
SEOUL, KOREA -With the beginning of the ITU Plenipotentiary Conference 2014, eyes are also on large-scale international events, which are scheduled to take place on the sidelines of the ITU Plenipotentiary Conference, often referred to as the ICT Olympics.
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.
SEOUL, KOREA - Seoul Metropolitan Government(SMG) will run nine intra-city bus routes exclusively from midnight to 5 AM. The city has chosen ‘Owl Bus’ as the brand name for the late-night bus service, and installed LED lighting on the front, sides and interior of each bus, as well as line maps to assist citizens’ use of the service.
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