SEOUL, KOREA - The number of Korea's stock investors has shrunk for the first time in seven years. The Korea Exchange said on July 22 that the nation's investor numbers as of the end of 2012 were 5.02 million, down 5.1 percent from the previous year's 5.28 million. This is the first time since 2005 in which the number of investors has declined.
It is apparent to anyone paying attention that the automotive industry is in a state of rapid transition. One needs to look no further than the American ‘Rust Belt’ cities to see the demise of conventional auto making, as well as other forms of industry which were vital cogs in the twentieth century.
Seoul, Korea - Samsung Electronics launched the 4th Innovative Technology Company Council (ITCC) at its Suwon Samsung Digital City on the 21st, to identify and incubate small-to-medium (SME) companies with advanced technology.
According to a yearly report from the Center for Marketing Research at the University of Massachusetts Dartmouth, Fortune 500 loves Social Network Services (SNS), especially Twitter.
60% of the Fortune 500 cpmpanies have active Twitter accounts this year, it is a 25% increase from last year resulting in nearly double the usage. Facebook is also another SNS Fortune 500 likes to use.
SEOUL, KOREA - The G6 Alliance to which Hyundai Merchant Marine belongs said it would expand its service to the Asia-North America east coast route beginning this May. The G6 Alliance is the world's largest shipping alliance with APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, Nippon Yusen Kaisha, and Orient Overseas Container Line.
SINGAPORE - RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the world's leading high service distributor of electronics and maintenance products, has announced exclusive availability of 25 resistor lab kits based on a prime selection of TE Connectivity's fixed resistor series.
SEOUL, KOREA- China's mobile phone shipments reached 110 million units in the second quarter of this year. Of the total, smartphones accounted for 86 million units, according to a report "China's Mobile Phone Market for 2Q 2013," released by IDC.
SEOUL, KOREA – Marking the second year of LTE commercialization, The Electronic Times hosted the Creative Engine LTE Korea Conference on Tuesday. Attendees at the conference agreed that LTE is the driving force behind the South Korean government’s creative economy agenda.
SEOUL, KOREA - A study said Korea's competitiveness is being eroded by its regional rivals, China and Japan. Hyundai Economic Research Institute said this on January 26 in a research report "Korea Losing Ground in Tripartite Division of Labor."
GOYANG, KOREA - IKEA, the world's largest furniture retailer, will open an outlet in Goyang City in the northwest of Seoul, following its decision to open Korea's first store in Gwangmyeong in the south of the capital.
SEOUL, KOREA- CJ Group will increase its budget to purchase domestically produced farm goods by about 1 trillion won to 1.7 trillion won until 2015. In addition, the group will make efforts to promote Korean farm goods and food items overseas jointly with government agencies and agricultural cooperatives.
SEOUL, KOREA- The government announced on September 24 a first-round list of 46 candidate companies that it will nurture as national champion exporters capable of reaching the US$100-million level. By 2017, the government will select and foster a total of 400 such firms.
SEOUL KOREA - President Park is scheduled to hold a discussion with President Obama on the 7th of May. They will discuss the future of cooperation regarding the North Korea Policy including the denuclearization of the Korean Peninsula. This is the first meeting since Park has assumed the presidency.
Seoul, Korea - Although Samsung and LG agreed to withdraw the OLED case from the court, their legal battle on the refrigerators seems that it will continue. According to the trade insiders, Samsung Electronics and LG Electronics must submit their legal opinions by the end of this week, which will signal the start of legal battle.
SEOUL, KOREA - Shinyoung Securities said on June 11 that it gave a "buy B" rating to Samsung Heavy Industries with a target share price of 46,000 won, based on the news that the shipbuilder won a mega deal to build a drill ship for a British firm.
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