The European Union Chamber of Commerce has arranged for a special discount for members that participate in the Offshore Wind Construction Summit in Jeju.The summit on Feb. 15-17 will offer a platform to address concerns about the offshore wind construction industry, while exploring the challenges in constructing offshore wind farms.Case studies from around the world will be used to address key technological and operational issues when it comes to delivering an offshore wind farm that meets gover

Networking is probably one of the most important aspects of doing business in Korea so with that in mind the French chamber will hold their first networking event of the year.The French Korean Chamber of Commerce and Industry in partnership with the Economic Mission of the French Embassy and Novotel Hotel are presenting a special edition of Cafe du Commerce on Feb. 9.Held at the Novotel Ambassador hotel in Gangnam, the event will offer a French style buffet with regional and traditional favorite

A seminar has been organized to welcome new members of the Korea-German Chamber of Commerce and Industry. During the meeting on Feb. 13, the chamber will offer information and advice for professional and private challenges by experienced directors and staff at the KGCCI.Registration is only accepted online until Feb. 8. The event will be at the Chamber’s office on the 7th floor in Hannam-dong and costs 80,000 won, including a traditional Korean dinner. For enquiries, contact Hana Cha, senior eve

Dow Jones’ Factiva, one of the largest digital business information aggregators and archivers in the world, sees a growing interest among Korean companies for its services, which can start at about $2,500 a month.Korea business development manager Kim Sae-hoon said, “Corporations are hungry for reasonable and accurate information. So Korea, even if the information industry is not there yet, we expect it will grow, the media industry is booming here but it’s in the beginning stages.”The average k

Woongjin Group announced Monday that it will sell Woongjin Coway, the nation’s biggest water purifier maker, according to news reports.The news immediately sparked market attention on the reason behind the sale, as the company is a money-making subsidiary for the conglomerate. Coway’s sales last year took up about 27 percent in the conglomerate’s total output. The company also enjoys a share of more than 50 percent in water purifier marketSome industry watchers said the sale may be aimed at secu

Trace amounts of leukemia-linked carcinogens were found in semiconductor-producing factories of Samsung Electronics Co. and other chipmakers, a governmental authority said Monday.  “We found that cancer-causing substances are present inside the chip factories,” said Park Jung-sun, head of the s

By Shin Hyon-heeBritish American Tobacco Korea plans to introduce a stronger version of its Lucky Strike cigarettes to boost the nascent brand’s presence in the market, the local unit of the multinational group said Monday.The latest product, Lucky Strike Original Filters, will provide a richer and bolder taste than the previous version, and features cork-tipped filters with modern, black packaging, the company said.A pack contains 8 milligrams of tar and will be sold for 2,500 won ($2.20) start

Korea’s telecom titan KT Corp. said Monday that its fourth-quarter net profit rose 12.5 percent from a year earlier due to a one-off factor.Net income came to 210.6 billion won ($188.9 million) in the October-December period of last year, compared with 187.1 billion won a year ago, the company said in a regulatory filing.Sales jumped 24.7 percent on-year to 6.4 trillion won over the same period, while its operating profit dropped 16.7 percent to 287.6 billion won in the final quarter of last yea

Samsung Electronics is facing a backlash in Iran over a commercial that featured its tablet PC blowing up what appears to be an Iranian nuclear facility.The company has made clear that it did not take part in the production of the advertisement and that Israeli cable television channel HOT had made the clip to promote itself.“Currently, the cable channel has stopped running the commercial on YouTube,” said a Samsung executive. “We’re not planning to take particular action at this point as we hav

Korea raised nearly $800 million from the export of television dramas, movies and K-pop content last year, the Bank of Korea said Monday, raking in the highest amount of revenue since overseas sales began in 1997. The culture industry generated a total of 890 billion won ($793 million) from the Korean Wave or hallyu in 2011, the highest overseas profit since the central bank started collecting related data in 1980. The industry generated no revenue from selling cultural content abroad up until 1

Foreign carmakers grabbed nearly 9 percent of the automobile market in Korea last month, marking the second-highest monthly share in history.According to the Korea Automobile Importers and Distributors Association, sales of import cars came to 9,441 units in January, up 9 percent from a year earlier.The import cars accounted for 8.92 percent of the combined sales, including made-in-Korea cars, totaling 105,889 units last month.Their market share is the second-highest since they posted 8.96 perce