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BusinessKorea

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Metropolitan Mice City Leading New Hallyu - Goyang City Goyang city is a large city of 1.03 million residents, which is located north of Seoul, the capital of the Republic of Korea. Since it is located near the Incheon International Airport, Gimpo Airport and Seoul, visitors can easily access the city. The city has a high growth potential as a culture and tourism city since it is well equipped with infrastructures for the meetings, incentive tours, conferences, and exhibitions (MICE) along ...
Goyang city is a large city of 1.03 million residents, which is located north of Seoul, the capital of the Republic of Korea. Since it is located near the Incheon International Airport, Gimpo Airport and Seoul, visitors can easily access the city. The city has a high growth potential as a culture and tourism city since it is well equipped with infrastructures for the meetings, incentive tours, conferences, and exhibitions (MICE) along with the pr...
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LG IMPRESSES AGAIN AT INTERSOLAR EUROPE WITH NeON 2 BIFACIAL
LG Electronics (LG) received its third consecutive Intersolar Award for its new innovative NeON™ 2 BiFacial solar module at Intersolar Europe this week in Munich, Germany. LG first received the award with the Mono X NeON™ in 2014 and again in 2015 for the NeON™ 2.
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Ssangyong Motor Attends New Zealand National Agricultural Fieldays
Ssangyong New Zealand, the official Ssangyong Motor distributor in New Zealand, conducted a marketing campaign at the New Zealand National Agricultural Fieldays 2016, which was held at Mystery Creek Events Centre, Hamilton, New Zealand, for four days from June 15. This year’s event was the 48th year the National Agricultural Fieldays had been held. It is the biggest agricultural trade show in New Zealand, attracting 1,000 agricultural, automotive...
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E-Land Posts Highest Sales among Domestic Firms Conducting Business in China
E-Land Fashion China, a wholly owned subsidiary of the E-Land Group in China, announced on June 23 that it has posted the highest sales among domestic companies conducting business in China.
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IHS Forecast for OLED TV Market Goes Down 32% by 2020 - Falling OLED TV? As the outlook for the OLED TV market, which is being developed by LG Electronics, has shown a downward trend this year, all eyes are now on its backdrop. Market researchers believe that a market research firm adjusted the earlier market forecast further downward cconsidering several variables, including Samsung’s withdrawal from the market and mass production capacity. According to TV industry sources on June 22, TV m...
As the outlook for the OLED TV market, which is being developed by LG Electronics, has shown a downward trend this year, all eyes are now on its backdrop. Market researchers believe that a market research firm adjusted the earlier market forecast further downward cconsidering several variables, including Samsung’s withdrawal from the market and mass production capacity.
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Why Dose DSME Union Oppose Special Ship Division Spin-off - Plausible Reason Daewoo Shipbuilding & Marine Engineering (DSME) union is in dilemma now. Although the majority of the workers voted in favor of a walkout on June 14, they are feeling pressure from the government and creditors to go on strike. Financial authorities and creditors are giving an official warning that they would cut off upcoming financial support of 1 trillion won (US$868.06 million won) when the labor union pushes ahe...
Daewoo Shipbuilding & Marine Engineering (DSME) union is in dilemma now. Although the majority of the workers voted in favor of a walkout on June 14, they are feeling pressure from the government and creditors to go on strike. Financial authorities and creditors are giving an official warning that they would cut off upcoming financial support of 1 trillion won (US$868.06 million won) when the labor union pushes ahead with strike. Then, why does t...
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History of New Millennium Created by Three Million Residents
On March 10 this year, the North Gyeonsang provincial government was reopened after having been relocated from Daegu City to the Andong and Yecheon area. Kim Kwan-yong, governor of North Gyeonsang Province believed the relocation is not just about having new buildings in a new area, rather, it will contribute to the identity of the residents and their regional unity. North Gyeongsang Province takes up 19.1% of the territory of South Korea. As of ...
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CGV CEO Stresses Importance of Film Industry Globalization - Cultural Empire Seo Jung, chief executive officer of South Korea's largest multiplex cinema chain CJ CGV, said Korean movies should set up a new agenda to push into global markets.  He stressed the importance of its globalization during the Movie Industry Media Forum at the CGV Yeouido theater in Seoul on June 22, saying, “As the Korean economy's traditional growth engine, manufacturing, is declining, the cultural industry should ...
Seo Jung, chief executive officer of South Korea's largest multiplex cinema chain CJ CGV, said Korean movies should set up a new agenda to push into global markets.
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ECCK Breakfast Meeting with Korea Fair Trade Commission (KFTC)
On the morning of June 23, the European Chamber of Commerce in Korea (ECCK) hosted Breakfast Meeting with Korea Fair Trade Commission (KFTC) Chairman Jae-Chan Jeong from 7:30 a.m. at Hotel Lotte. Joined by around 50 participants from ECCK member companies and European embassies, the morning presentation from Chairman Jeong focused on KFTC’s competition policy and its current implementation as well as its future direction.
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Court Did Not Recognize Effect of Exception Clause - Compensation Guide The Supreme Court of South Korea ruled on June 22 that a car seller should pay its customer car rental expenses for a repair period, in spite of the presence of an exception clause, in a case where the repair period is extended for a reason such as litigation to find out the cause of the malfunctioning of the customer’s vehicle. Back in September 2007, the head of a construction firm in South Korea bought a Maybach by p...
The Supreme Court of South Korea ruled on June 22 that a car seller should pay its customer car rental expenses for a repair period, in spite of the presence of an exception clause, in a case where the repair period is extended for a reason such as litigation to find out the cause of the malfunctioning of the customer’s vehicle.
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South Korean Conglomerates’ Overseas Sales on the Decrease - Declining Overseas Sales It has been found that the overseas sales of two-thirds of the 30 largest conglomerates in South Korea are falling rapidly. Market research firm CEO Score recently looked into the domestic and overseas sales of the 1,022 subsidiaries of the 30 business groups over the past two years and announced that the overseas sales fell by no less than 47 trillion won last year. According to the firm, the combined ann...
It has been found that the overseas sales of two-thirds of the 30 largest conglomerates in South Korea are falling rapidly. Market research firm CEO Score recently looked into the domestic and overseas sales of the 1,022 subsidiaries of the 30 business groups over the past two years and announced that the overseas sales fell by no less than 47 trillion won last year.
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Samsung Electronics to Invest US$1.2 Billion in Silicon Valley over 4 Years
Samsung Electronics Co. held the IoT Policy Dialogue at The Washington Post building in Washington, D.C., the capital of the U.S., on June 21 (local time) to expand positive effects what the IoT would bring to society and discuss advancement measures. The forum, co-hosted by Samsung and The Washington Post, America's leading daily newspaper, was attended by some 300 IoT related lawmakers, industry experts and non-governmental organizations.
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The number one source for Korean business news
Introduction
Business Korea is the oldest and most well-known monthly about business on the Korean peninsula. It was first published in June 1983, and celebrated its 30th anniversary last year. 

Business Korea’s readers include managers and executives with companies both large and small, as well as Korea’s top decision-makers and top-ranking ministry officials. Our subscribers and readers also include members of the expatriate business and diplomatic community in Korea. Internationally, we are Korea's most read business and financial publication, with a rapidly growing list of sophisticated readers in more than 100 countries. 
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