Minister Park Young-sun of the Ministry of SMEs and Startups (MSS) attended the Asia-Pacific Economic Cooperation (APEC) Small and Medium Business Ministers' Meeting on Oct. 23, which was held on video to share policies on digitalization of small and medium-sized enterprises. The host country of the
Construction sites of Samsung C&T in Singapore have been selected as winners of six categories at the 2020 Annual SHE Award Convention hosted by the Singapore Land & Transport Authority.The Singapore authority has held a safety competition for infrastructure sites under construction every year. Sams
Samsung Group Chairman Lee Kun-hee, who represents the Korean business community, died at the age of 78 at Seoul Samsung Hospital in Ilwon-dong, Seoul on Oct. 25.It has been six years since May 2014 when he collapsed at his home in Itaewon-dong, Seoul, due to acute myocardial infarction. "We decided
한국 재계를 대표하는 이건희 삼성그룹 회장이 25일 서울 일원동 서울삼성병원에서 향년 78로 별세했다. 2014년 5월 급성심근경색증으로 서울 이태원동 자택에서 쓰러진 뒤 6년만이다. 삼성그룹은 이날 "장례는 고인과 유가족의 뜻에 따라 간소하게 가족장으로 치르기로 했다"며 "조화와 조문은 정중히 사양한다"고 밝혔다.1942년 태어난 고인은 부친인 이병철 삼성창업주 별세 이후 1987년 삼성그룹 2대 회장에 올라 삼성그룹을 이끌었다. 2014년 5월 급성 심근경색증으로 서울 용산구 이태원동 자택에서 쓰러진 뒤 6년 동안 투병해왔다.
South Korea ranked second in the world in the average speed of the 5G mobile network after Saudi Arabia.Opensignal, a London-based mobile analytics company, ranked Korea as the world's second fastest with 336.1 megabits per second (Mbps) after leader Saudi Arabia (377.2 Mbps) in its report titled "B
Korea and China have extended a bilateral currency swap and raised its value. The Ministry of Economy and Finance on Oct. 22 said the central banks of both countries concluded a deal to extend and expand the size of the swap.The deal had initially been extended three years but the two sides raised t
President Moon Jae-in on Oct. 15 explained the status of domestic efforts to develop a vaccine and treatment for COVID-19.At SK Bioscience's Life Science Research Institute in Seongnam, Gyeonggi-do Province, he said, "Korea, amid fierce competition among global businesses, is also making considerabl
Samsung SDS announced on Oct. 22 its AI natural language understanding learning model recently topped the "HotpotQA," which is conducted in English, and the "KorQuAD: (Korean Question Answering Dataset) 1.0" and " KorQuAD 2.0" AI Reading Contest, which tests the Korean language."HotpotQA" is a datas
SK Engineering & Construction (E&C) will team up with U.S. telecommunication platform developer Veea to develop and operate a construction safety management system for mobile devices.According to SK E&C, its CEO Ahn Jae-hyun and Veea CEO Allen Salmasi signed an MOU in an online meeting and agreed to
Hyundai and Kia Motors have decided to reflect the quality costs of about 3.4 trillion won ($3 billion) in their third-quarter earnings, the companies said on Oct. 19.Hyundai Motor and Kia Motors will set aside 2.13 trillion won ($1.8 billion) and 1.25 trillion won ($1.64 billion), respectively. The
POSCO will join hands with KT and Mystech to build a" smart green city." POSCO signed a "business cooperation" with KT and Mystech, a maker of eco-friendly street facilities, at POSCO Center to build a "smart green city" on Oct. 21.POSCO said that "Smart Green City" is a project being promoted by th
Samsung Electronics' brand value rose to fifth in the world for the first time. The company has solidified its status as one of the top global IT companies after Apple, Amazon, Microsoft and Google. Samsung is the only non-U.S. company among the top five.According to the "100 Global Brands" released
SK Hynix will take over entire NAND business of Intel for 10.3 trillion won ($9 billion). SK Hynix has signed a contract to acquire NAND, a memory business unit of Intel, for $9 billion, the company said on Oct. 20.Regarding this matter, SK Hynix also finished the voting of its board of directors in
KB Financial Group held a committee meeting on Oct. 20 to recommend candidate for the CEO of its affiliate on Oct. 20 and selected KB Kookmin Bank CEO Huh In as its candidate for the bank’s next president.After a final review and recommendation, including in-depth interviews with the bank's presiden
LG Electronics has launched a campaign to fight hunger by using its large electronic display board at Times Square in New York, the company said on Oct. 18.LG Electronics posted a promotional video on the Times Square billboard for three days from Oct. 15 to commemorate the "World Food Day" designat
“Through the Jeju-style New Deal plan, Jeju Province plans to discover and foster future new industries and create 40,000 new jobs,” Governor of Jeju Special Self-Governing Province Won Hee-ryong said.In a written interview with the Korea Post on Oct. 15, Gov. Won said, "Jeju has been trying to tran
Beginning Oct. 19, LG Group will hold a briefing session on its business plan for 2021. The group plans to hold a business report meeting for about a month starting with LG Household & Health Care on Oct. 19, business sources said on Oct. 16.LG Group Chairman Koo Kwang-mo will preside over the meeti
LG Electronics will release its strategic smartphone called 'LG WING' through Verizon, the largest mobile carrier in the U.S., on Oct. 15 to target the U.S. market in earnest.Foreign media also presented favorable reviews ahead of its full-scale launch. "LG Wing is best for customers who enjoy mobil
LG Electronics ranked 6th in the "100 Most Sustainably Managed Companies in the World" list selected by the Wall Street Journal (WSJ).LG Electronics received 76.9 points out of 100 and Samsung Electronics 74.2 points in the evaluation of "The 100 Most Sustainably Managed Companies in the World."Japa
AirCUVE, the leading two-factor authentication security software development company, recently released an advanced Two-factor Authentication Solution, V-FRONT 7, that can strengthen the authentication process when accessing the system.V-FRONT is for "Easy to Use for Users" and "Easy to Manage for A