The Korean IT Cinderella has long been waiting for a grand ball where it could be introduced to the people and the world outside of its shell. Cutting-edge IT products of small and medium sized companies were indeed the modern version of Cinderella until KOTRA delivered the news of Buy Korea 2009 Autumn.
BURLINGTON, Mass.-January 12, 2010-Every day, companies announces new products and calls them revolutionary, breakthrough, innovative, and game changing. It's not often that a new product actually lives up to that kind of billing. Today is one of those days, with the official launch of Alpha Five Version 10, from Alpha Software.
SEOUL, KOREA - After suffering from sluggish sales, Ssangyong Motor is speeding up the pace of its rehabilitation. Although it failed to return to profitability in the first quarter of this year, the company narrowed its deficit by about 50 percent, with its car sales growing by more than 18 percent.
SEOUL, KOREA – SK Telecom Co., the country's top mobile operator, said Thursday its first-quarter sales reached KRW 4.1 trillion (up 4% year-on-year) and operating profit stood at KRW 410 billion (down 18% year-on-year) on a consolidated basis.
SEOUL, KOREA – As the internet is expanding and allowing people to have easier access to confidential information than ever before, many companies are very concerned about potential leakage of their proprietary information.
SEOUL, KOREA- Honda Korea announced on August 12 that it will release a large scooter Forza. The Forza is appointed with a low floating link, enabling users to control the movement of an engine on a bumpy road.
SEOUL, KOREA – Mark Zuckerberg, Facebook's Co-Founder and CEO, left South Korea on Tuesday, rounding off his short visit to the nation. On Monday evening, Mark Zuckerberg met with President Park Geun-hye and talked about ways to move forward the creative economy agenda.
SEOUL, KOREA – AUTOSAR (AUTomotive Open System ARchitecture) is dealing a blow to some parts suppliers to Hyundai and Kia. As Hyundai and Kia have decided to introduce AUTOSAR (an open and standardized automotive software architecture, jointly developed by automobile manufacturers, suppliers and tool developers), domestic parts suppliers that are not ready for AUTOSAR are likely to fold.
SEOUL, KOREA- “LG Electronics is expected to see its sales in Europe rise by 10-15 percent this year, although the European home electronics market may post a negative growth due to the recession,” said Cho Sung-Jin, president of home appliances at LG Electronics.
SEOUL, KOREA – According to the International Data Corporation (IDC)’s Worldwide Smart Connected Device Tracker, the tablet market is expected to reach a new high of 190 million shipment units with year-on-year growth of 48.7% while the smartphone market is expected to grow 27.2% to 918.5 million units. IDC expected that tablet shipments would surpass desktop PCs in 2013 and portable PCs in 2014.
SEOUL, KOREA – Dawon DNS, a Korean smart grid company, has made inroads into the Japanese market. Dawon DNS said Sunday it signed a contract to supply its “Power Manager” (a device showing the degree of energy consumption in real time) to Japan’s energy management company Stella Green. The initial shipment amounts to KRW 3 billion.
SEOUL, KOREA – Despite a rapid growth in the Korean smartphone market, the Korean connector industry, one of the major electronic parts industries, is losing ground every year. Since domestic companies are weak in high precision connector technology, the smartphone market’s growth has served as a boon mainly for overseas companies such as Molex, Hirose, Elco, etc.
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