Firm’s new Nexus 7 to roll out in Korea FridayGoogle Inc.’s executive chairman Eric Schmidt sided with Samsung Electronics in its ongoing global patent war with Apple when he expressed concerns about restriction of innovation and choice. “I think one of the worst things that have happened in the last few years has been the belief that somehow … one vendor could stop the sale of another vendor’s phones and devices. Literally prevent choice, prevent innovation,” he said in a press conference held

Korea Productivity Center releases 2012 National Brand Competitiveness Index, ranking 212 brandsAmid an economic slowdown here and abroad, last year’s top brands continued to lead this year, while their followers found it more difficult to catch up with market leaders, a recent brand competitiveness report found.The state-run Korea Productivity Center recently released its annual 2012 National Brand Competitiveness Index after surveying more than 110,000 consumers nationwide on 212 brands across

Lender promises continuous support to  small and medium-sized companies and start-upsKorea Development Bank Financial Group chairman Kang Man-soo hosted conferences this week for about 350 company CEOs working in the industrial belts of Gwangju Metropolitan City and North Chungcheong Province. The conferences were held at Hanam Industrial Complex in Gwangju on Tuesday and at Ochang Scientific Industrial Complex in Cheongwon, North Chungcheong Province, on Wednesday, according to KDB. The fundame

Industrial Bank of Korea chief executive Cho Jun-hee said his bank will open offices or ink deals for cooperation with banks on all six continents by the end of this year to support Korean companies doing business overseas.“We will build a network across all six continents by the end of December to financially assist small and medium-sized companies,” Cho said in a meeting with reporters Wednesday evening.“We plan to sign a memorandum of understanding with the Bank of China within this year so i

HONG KONG (Yonhap News) ― SK Group, South Korea’s third-largest conglomerate, has broken ground for a plant in China’s southwestern city of Chongqing to produce cathode materials for lithium-ion batteries used in consumer electronics products and electric vehicles, in a bid to tap into the rapidly growing demand in China, officials said Thursday.SK China, the Chinese subsidiary of SK Group, started constructing the plant this week in the Chinese city’s Two Rivers New Zone, which was designated i

CEO delivers gift and certificates to children’s social welfare institutionThe following is the eighth in a series of articles featuring companies’ social contribution activities. ― Ed.Korea Exchange Bank is sharing more with those in need in time for Chuseok, the Korean thanksgiving holiday, the bank said on Wednesday. KEB is holding the KEB 2012 Chuseok Holiday Love Sharing Campaign from Sept. 19-28. The event has been held twice a year ― on Seollal (Lunar New Year) and Chuseok ― by KEB Founda