Samsung Biologics filed an administrative lawsuit demanding that the Securities and Futures Commission (SFC) under the Financial Services Commission cancel its administrative action that Samsung Biologics committed accounting fraud. The company said on Nov. 28 that it filed an administrative lawsuit

Korea Electric Power Corporation (KEPCO) announced on November 28 that it signed a $5.3 million GIS-based power management system deal with the Bangladesh Power Development Board (BPDB) in Takah, Bangladesh.About 10 officials of the local government, including Sayeed Akram, the head of the BPDB atte

Kim Tae-seop, chairman of Barun Electronics, a semiconductor company, was arrested for manipulating stock prices and taking profits of 20 billion won.Kim was sentenced to two and a half years in prison and a four-month suspended prison sentence by the court on Dec. 21 last year for offering a bribe

POSCO held the "2018 Talks with Shareholders" event at the POSCO Center on Nov. 23 and outside directors explained the company`s corporate governance status and the role of the board of directors to shareholders directly.The IR event was designed to increase shareholders' understanding of the bo

IBK Investment & Securities forecast on Nov. 22 that the performance in the fourth quarter of this year for LG Innotek will be downwardly adjusted. It maintained its investment opinion of "buy," but lowered its target price from the existing 220,000 won to 170,000 won per share. "Because of recent s

Samsung Heavy Industries (SHI) announced on Nov. 21 that it has applied the "Solvent Free Coating" jointly developed by Norwegian paint manufacturer Jotun to the 7,500㎥-class LNG carrier for the first time in the world.The solvent free coating is safe from fire and explosion because the solvent comp

Hanjin KAL's stock price soared on Nov. 16 on the KOSPI market. Hanjin KAL shares rose 14.75 percent from the previous day to close the day at 28,400 won per share.Hanjin KAL's stock price skyrocketed due to the market's prediction that the KCGI, Korea's indigenous private equity fun

KEPCO announced on Nov. 18 that it is pushing for 'KEPCO Open MG Project' to develop the "future-oriented micro grid (MG)". KEPCO Open MG refers to an open-type energy community that combines the existing MG with digital technologies such as energy solutions and blockchain. Previously, MGs h

Hanjin Heavy Industries and Construction (HHIC)'s Yeongdo Shipyard has won an order for four PKX-Bs (Patrol Killer eXperimental), proving its unique competitiveness in the special ship line field.HHIC announced that it has won an order worth of 274.1 billion won for the four PXX-B destroyers (No

Renault Samsung sold a total of 14,582 units in September, including 6,713 domestic vehicles and 7,869 for exports. This is a 44.3 percent drop from the same period of last year.Compared to a year ago, domestic sales fell by 8.8 percent, while exports plunged by 58.2 percent, worsening its overall p

A number of caterpillars were found in the "Nude Pepero" product made by Lotte Confectionery. Controversy is expected to intensify as bugs have been found in Pepero several times in the past.A consumer, Mr. A, who discovered bugs reported the fact to Lotte Confectionery' customer service center

Hannmi Pharmaceutical is planning to expand its non-smoking campaign that has been held since 2015. Hannmi Pharmaceutical announced on November 12 that it will expand and operate its anti-smoking campaign to commemorate the launch of the anti-smoking drug, "Nocotine". The Nocotine, which will be rel

SK Telecom and Samsung Electronics made an announcement on Nov. 8 that they have developed core technologies of exchanger and prototype equipment based on "standalone" (SA), which is more advanced 5G technology standards. It has been five months since the 5G SA standard was announced in June.5G inte

CJ ENM's tvN broadcasting program, which broadcast a scene inducing a female guest to pour alcohol for male guests without filtering out the scene, was severely punished by the Korea Communications Standards Commission.The show, titled "zzannae tour" which aired on tvN last August, aired unfilte

Hyundai Mobis has established an "Open Innovation Center," M.Cube, at Silicon Valley in the U.S. to speed up the search and investment in global startups that have new vehicle technologies such as self-driving.Hyundai Mobis said on Nov. 4 that M.Cube will play a key role for finding and fostering pr

[Darmstadt, Germany] Passive House residents open their homes from 9th to 11th November. Simply walking into other people's homes? That is exactly what everyone can do during the International Passive House Open Days. Residents of Passive House buildings will open their doors to visitors during

Hyundai Motor's labor union has taken out a general strike card. This is a reaction against the "Gwangju-type Jobs" that aim to create jobs by building a new factory that pays half the annual salary of car production workers ranging from 70 million and 90 million won."Gwangju-type jobs will caus

A new renewable energy production complex with a total of 4GW solar energy and wind power will be built in the Saemangeum reclaimed land. The Saemangeum Development Administration and North Jeolla Province held a ceremony to proclaim the "Samangeum Renewable Energy Vision" at the offshore floating s

Samsung Electronics today introduced two new 0.8-micrometer (μm) pixel image sensors – the 48-megapixel (Mp) Samsung ISOCELL Bright GM1 and the 32Mp ISOCELL Bright GD1.“Demand for ultra-small, high-resolution image sensors are growing as smartphones evolve to deliver new and more exciting camera exp

Samsung SDS held "Cello Tech Fair 2018" on October 25 and introduced "Cello Plus 2.0" with AI technology that increases accuracy of predicted shipment.Cello Plus 2.0 is a logistics platform that applied new IT technologies such as AI, IoT, and Big Data to Cello Plus that was introduced in 2015.Cello