SEOUL, KOREA – Korea is losing ground to China in export competitiveness. According to a report "Korea Being Trailed by Developing Countries" published on January 13 by the Institute for International Trade, the Korean International Trade Association, the number of export items that Korea took No. 1 positions in 2011 was 61, 10 items fewer than in 2010.
CeBIT 2010, the world's largest digital industry exhibition show hosted by Deutsche Messe and Hines Hoobert of IBM Germany Study Development, was held in Hannover, Germany on March 2 to March 6.
Traditionally, CeBIT was a show featuring hardware, but this year's exhibition brought a change with the focus of the shift to cloud computing. Thus, 4157 companies from 68 countries participated in the exhibition and showed a lot of various types of products and provided different services to visitors.
The third article of the concrete methodology for building social capital
Now another meta-concepts are being introduced: Catallaxy and Self-Organization. Aristotle defined the word "economy" as ‘the art of household management’, and tried to explain complex market phenomena through an analogy between a household and a state’.
SEOUL, KOREA - One out of three asset management firms took losses last year. Meanwhile, top-ten asset management firms accounted for 56 percent of the market share, with as much as 83 percent of net profit.
SEOUL, KOREA - POSCO will dispose of all its stake in SK Telecom it has held since 2000. The steel maker played the role of a "white knight" by acquiring a 6.5-percent stake when the mobile telecom service operator was in danger of being swallowed up by Sovereign Capital Partners, an international private equity fund firm. POSCO decided to sell off the stake as part of an effort to improve its financial standing, but it will have to incur losses as the current SK Telecom share price is below that of 14 years ago.
SEOUL, KOREA - Korea's largest hydrogen producer Deokyang Energen Corp. is currently building a 100-billion-won plant capable of producing 50,000 normal cubic meters of gas in an hour in Ulsan near an SK Energy plant.
SEOUL, KOREA - Samsung Fire & Marine Insurance will establish a marine insurance company in China jointly with local partners. According to financial regulators and insurance industry sources on June 30, the property and casualty insurer is currently in talks with three or four insurance companies in China for possible tie-ups. The joint venture will be a size of 100 billion won in capital, of which Samsung Fire will chip in about 15 billion won.
Samsung Electronics started selling its virtual reality device “Samsung Gear VR Innovator Edition” in the United States at the price of $199.99. The Korean electronics company released the Gear VR officially through its U.S. website on December 8.
Glen Allen, VA: Industry analyst firm NanoMarkets today announced the release of its new report titled “Sensors for the Internet-of-Things: 2013 -2020” The report analyzes and quantifies the opportunities for Internet-connected sensor products in six key industry sectors:
SEOUL, KOREA – As Samsung Electronics has joined LG Electronics in the race for the development of next-generation OLED TVs, a bipolar power system has been formed in the OLED TV market. The OLED TV market is different from the UHD TV market where Japanese companies are engaged in.
The Ministry of Industry points out that China needs to speed up the development of intelligent technology and products, widely used to promote intelligent technology in retail, education, finance, media, engineering, convenient living, and the consumer electronics industry.
SEOUL, KOREA- Hyundai Motor and Kia Motors each saw their sales in BRICs—China, Brazil, India and Russia—rise by more than 20 percent in the first half of this year, grabbing a No. 3 spot in terms of market share there.
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