The Land Ministry estimated the asset value of Dokdo at 7.4 billion won and the refurbished four rivers at 51 trillion won, according to a report the ministry submitted to the National Assembly.Land Ministry officials said that the government reevaluated all state-owned land assets including Dokdo and the nation’s major four rivers. The report calculates the total properties under the supervision of the ministry as worth around 542.7 trillion won, which takes up about 35.6 percent of state asset

Following is the fourth in a series of stories about companies’ social contribution activities. ― Ed.POSCO Engineering & Construction, a leading Korean builder, is stepping up efforts in social contribution activities by encouraging employees to participate in volunteer programs both in Korea and abroad. The construction unit of the world’s fourth-largest steelmaker POSCO last year announced its new slogan “Happy Builder,” which represents the company’s willingness to create a happier society.

Global No. 1 industrial camera maker eyes growth in OLED, X-ray markets Liquid crystal display manufacturing involves sophisticated technology.It also involves high-end inspection equipment and systems to make sure manufacturers such as Samsung Electronics can produce the world’s top quality LCDs.High-performance industrial cameras such as those made by Vieworks are crucial parts of such equipment that can detect even the tiniest flaws, unnoticeable to the human eye, before products are shipped

Fairness has come under spotlight over the recent verdict on the patent lawsuit between Samsung Electronics and Apple.Local market observers including some analysts remained cynical over the situation that Apple won a billion dollars last week, after a jury ruled that Samsung had copied a handful of features from the iPhone.They cast doubt if the jury really profoundly reviewed a variety of documents, tendered from both sides, which involve technology-related sophisticated content. “While attorn

South Korea’s current account surplus rose to a new high in July as imports fell at a steeper pace than exports amid weakening demand and falling oil prices, the central bank said Wednesday.The current account surplus reached $6.1 billion in July, up from a revised $5.88 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The July data marked the sixth straight month of the surplus run, worth a cumulative $19.85 billion, a

LG Electronics Inc. said Wednesday it plans to release the Optimus L9model globally starting next month in countries across Asia, Europe and North America.The Optimus L9, which is the fourth model in the Optimus-L lineup, supports smarter user experience features such as the “Q Translator,” which translates texts into 64 languages, according to LG.To use the feature, users can scan texts with the embedded camera, which will then be translated through dictionaries and online translation engines.T

The Korea Forest Service met with its Vietnamese counterparts on Monday for the seventh Korea-Vietnam forest partnership conference held at the Korea Forest Research Institute in Seoul. Officially titled “Seventh Meeting of Korea-Vietnam Forestry Cooperative Committee,” the conference invited both nations to discuss ways to attract Korean investment in Vietnamese forestry. Beyong strengthening government promotion for active investment, the 20 participants agreed to give greater authority to the

Over 100 high-level officials from 11 countries participate in two-day special meeting to discuss forestation cooperationForestry ministers from Korea and member countries of the Association of Southeast Asian Nations are to announce the Seoul Declaration on Forestry on Thursday, which vows cooperation on forestry maintenance, as a result of the two-day special meeting held in Seoul. The Special ASEAN-Korea Ministerial Meeting held from Aug. 29-30 was aimed at discussing concrete measures of th

Samsung Electronics is expected to take a stronger stance in its patent battle against U.S. software giant Apple Inc. as its chairman Lee Kun-hee urged management to make the “right” moves.Lee on Tuesday told company executive Choi Gee-sung, head of the group’s strategic office, to “take the appropriate actions” after being briefed about the current situation.“Chairman Lee does not get briefed too frequently about the patent fight with Apple but we believe we will take a more firm stance against