CEOS AT YOUR SERVICE -- Business leaders pose at Amcham CEO Servers Night at Conrad Seoul on Friday, held to raise scholarship funds for university students from families with financial difficulties. Back row, from left: Dong-wook Oh, country manager of Pfizer Korea; Jeffrey Jones, foundation chairman of partners for the future foundation; Insoo Cho, president of Outback Steakhouse Korea; Joseph Song, CEO of Asian Tigers Mobility. Front row, from left: Steve Han, managing director and CEO of Mor

South Korean chipmakers and mobile carriers are enjoying early rallies in their stocks due to high market expectations of an industrial shift toward future technologies. And the biggest beneficiary of the industrial shift, so-called the fourth industrial revolution will be Samsung, analysts said Sunday.Financial analysts noted stock prices of domestic semiconductor, display and telecommunication-related firms are rising rapidly. This year alone, IT market bellwether Samsung Electronics soared 27

Daewoo Shipbuilding & Marine Engineering’s shipbuilding technology has launched the world’s first ice-breaking liquefied natural gas carrier in St. Petersburg, Russia.Russia’s President Vladimir Putin, South Korea’s Ambassador to Russia Park Dae-bong and DSME CEO Jung Sung-leep attended a naming ceremony for the country’s new carrier Saturday. The world’s first ice-breaking LNG carrier was named Christophe de Margerie, after the former chief executive of French oil company Total who was killed i

South Korean law firm Yulchon said Sunday it was selected by the Financial Times as Asia’s most innovative law firm in dispute resolution. It was named one of the top five most innovative firms in the Asia-Pacific region at the FT Asia-Pacific Innovative Lawyers Awards ceremony Thursday in Hong Kong, according to the company. It was recognized by FT as the most innovative law firm in Korea for two consecutive years in 2015 and 2016. Since 2014, FT has been presenting awards to law firms headquar

 From secondhand goods and handicraft items to ethnic goods and foods, Seoul’s Foreigners’ Flea Market is the place to be for anyone looking for a bargain, or simply a day out in Seoul. The market is held five times a year, on the third Sunday of selected months between April and October – once in May, September and October, and twice in June. On the selected days, the Foreigners’ Flea Market springs to life in Seoul’s Gwanghwamun Plaza, which also provides the stage for a host of other markets

Startup Eyedea announced Tuesday that it will be releasing Pitta, a video recognition-based, automatic-tracking selfie drone, in the second half of 2017. The company’s CEO Jung Jong-chuck said, “Following the completion of the test product in June, we will conduct real-world tests and release the commercial version in the third or fourth quarter of this year.”Independently developed by Eyedea, Pitta is a drone that can automatically track a user or any other specified target while filming and/or

Mobile application security firm Lockin Company announced Tuesday that it will release an upgraded version of LIAPP, a mobile application security solution, in June. Designated this year as a member company of the K-ICT Born2Global Centre, an organization affiliated with the Ministry of Science, ICT and Future Planning, Lockin Company is a startup that has been recognized for its excellent technology and high marketability. LIAPP is the company’s signature security solution brand.  A screenshot

Startup InfiniFlux announced Wednesday that it would release a multi-server-based Time Series DBMS in June. In 2015, InfiniFlux commercialized a single server-based Time Series DBMS, which it is currently supplying to security companies and state-owned railroad companies.　A Time Series DBMS is a database that is capable of storing and analyzing machine log data in real time. The Time Series has been designed so that entered data cannot be updated, thereby preventing data manipulation, falsificat

Although it can be difficult to find a way to be active during the scorching summer, it has become easier to find indoor alternatives. In this densely populated and busy country, the sports industry is catering to those who want to stay fit and blow off steam with activities that are free from weather or space constraints. Although the spaces may not be as roomy as outdoor sports facilities, indoor sports such as screen golf, indoor fishing and snowboarding have been gaining ground here through

A group of ducklings was rescued Friday morning from a dangerous trip on an expressway with the help of the police and firemen.　 Jinju Fire Station said Friday it had received a report that there was a group of ducks on the median strip of an expressway in Jinju, South Gyeongsang Province, at around 8 a.m.　 (Photo courtesy of Jinju Fire Station)When firemen were dispatched to the site, the group of baby ducks was found on the street. A mother duck and four to five ducklings were found dead as th

In the US and Europe, many people worry that if prominent politicians signal that they dislike and fear immigrants, foreigners and people of minority religions, they will unleash people’s basest impulses and fuel violence. In their view, social norms of civility, tolerance and respect are fragile. If national leaders such as President Donald Trump flout those norms, they might unravel.　The most careful work on this general subject comes from Duke University economist Timur Kuran, who has studied

Kim Sang-jo, South Korea’s nominee for the chairman of its anti-trust regulator, rebutted allegations that he copied one of his academic research papers in 2000 during a parliamentary confirmation hearing Friday.Dubbed “chaebol sniper” for his longtime shareholder activism, the economics professor at Hansung University is a key figure in President Moon Jae-in’s drive to reform chaebol as the head of the Fair Trade Commission. Although Kim’s appointment does not require parliamentary consent, the

South Korea’s gross domestic product grew faster than expected in the first three months of this year, mainly due to stronger construction and exports, the Bank of Korea said Friday.Asia’s fourth-largest economy grew 1.1 percent in the first quarter from the previous quarter, the central bank said, updating seasonally-adjusted data from the previous estimate of 0.9 percent.The 1.1 percent quarterly growth was the fastest in six quarters, driven mainly by the private sector, not the g