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Biz & Tech

Manufacturing

Tue, January 21, 2020 | 09:29

Korea's first locally built rocket

Korea's first locally built rocket

Engineers work on the first stage of “Nuri,” Korea's first locally developed rocket, at the Naro Space Center in Goheung, South Jeolla Province, Jan. 15. The Korea Aerospace Research Institute said the three-stage rocket is on track to be launched in 2021. / Courtesy of Korea Aerospace Research Institute

2020-01-19 18:17

Small regional business cies over IKEA Giheung's arrival

Small regional business cies over IKEA Giheung's arrival

IKEA Korea opened its third outlet in Dec. 2019 in Giheung, Yong-in, Gyeonggi Province, but not all people welcomed its arrival. Concerns are rising over how it will reach a compromise with small, mid-sized business there, and how extreme traffic jams in the area will be dealt with.

2020-01-13 21:32

Korean defense firms to target Indian market at DEFEXPO 2020

Korean defense firms to target Indian market at DEFEXPO 2020

Top Korean munition companies said they will join “DEFEXPO INDIA 2020” next month to attract buyers in India, the world's second-largest market for the defense industry. Hanwha Defense, Korea Aerospace Industries Ltd. (KAI), and LIG Nex1, along with seven more companies, are participating in Asia's biggest defense industry expo scheduled to be held in Uttar Pradesh, India, fr...

2020-01-13 21:23

Innocean attracts millennials with creative cruelty-free campaign

Innocean attracts millennials with creative cruelty-free campaign

Social consciousness is becoming one of the key elements employed by the fashion industry when targeting millennials. One of the hottest trends is vegan culture which rejects clothing made using any animal products.

2020-01-12 19:34

OLED smartphone sales to exceed 60 mil. with Samsung dominating market

OLED smartphone sales to exceed 60 mil. with Samsung dominating market

The popularity of organic light-emitting diode (OLED) smartphones has surged in recent years, and sales are expected to exceed 60 million this year, an increase of 46 percent year-on-year, according to Counterpoint Research.

2020-01-09 18:28

'Korea's robot industry will kick into high gear in 2020'

'Korea's robot industry will kick into high gear in 2020'

The robot industry has become a key factor to many countries as robots can help them achieve economic diversification and boost manufacturing efficiency. Korea is also exerting efforts to raise the robot industry as a new growth engine and in 2020 country will kick into high gear, said Moon Jeon-il, president of the Korea Institute for Robot Industry Advancement (KIRIA).

2020-01-08 17:41

NCSI leading indicator for future economic outcome

NCSI leading indicator for future economic outcome

The National Customer Satisfaction Index (NCSI) is widely accepted as a useful tool to predict economic and business circumstances in the future, because it reflects a direct response from customers, the prime agents of an economy.

2020-01-08 01:24

Firms seek to boost customer satisfaction in 2019

Firms seek to boost customer satisfaction in 2019

Korean businesses staged a fierce competition last year to improve customer satisfaction, ands 10 industrial sectors each saw new top rankers in the annual National Customer Satisfaction Index (NCSI) for 2019.

2020-01-08 01:23

Overhauling biz models key to higher satisfaction in 2020

Overhauling biz models key to higher satisfaction in 2020

Firms and public organizations in Korea showed improvements in customer satisfaction last year, but they are required to overhaul their business models in 2020 as headwinds are forecast and consumer demand will become more complex, according to the Korea Productivity Center (KPC), Thursday.

2020-01-08 01:23

Police raid POSCO in corruption probe

Police raid POSCO in corruption probe

Police raided POSCO's steel mill in Pohang on Tuesday in an investigation into a corruption scandal allegedly involving company officials.

2020-01-07 15:06

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