After one year of discussion, the LCD panel cross-purchase between Samsung Electronics and LG Display will finally be realized. According to an industry spokesperson, Samsung Electronics and LG Display will conclude an MOU at the Renaissance Hotel on Aug. 25.This MOU allows Samsung Electronics to purchase 40,000 17-inch monitor panels and LG Electronics to purchase 40,000 22-inch monitor panels

- The First in a Series of Six Special Reports - Breakfast in Paris, a business meeting in Korea, and a bite of a sandwich under the Golden Gate Bridge in America - if only mankind could jump through the optical fiber cable of high speed Internet connections, who would refuse to teleport around the globe to expand one's scope of activities? To people, therefore, teleportation is only science fic

Gyeonggi Credit Guarantee Foundation (GCGF) has extended a credit guarantee service in an aggressive manner to smaller companies to help tide them over financial difficulties amid the economic slowdown, a top manager of a credit guarantee foundation said."Since I took office in January 2005, I have exerted all-out efforts to help small and medium-sized companies and small business owners sufferi

The Economist predicted in its recent "The World in 2009" edition that the world economy in 2009 would be in recession. The magazine reported that industrialized countries will merely expand by 0.3 % next year while the growth rate of developing countries will slip to 5.9 %, a full percentage point lower than in 2008. In other pages, The Economist hinted, with its headline "No More Business as Usu

November 21, 2007 was the 10th anniversary of IMF bailout. Woori Financial Group (WFG) was established in 2001 as an outcome of long and torturous process of restructuring of the nation's failed banking industry.After six years, WFG successfully turned around and proudly stands out as the largest financial group in the nation through the fierce competition. It reached asset size of 26.4 trillion

Supported by strong exports and facility investments, the national economy has grown 4.8 percent during the first three quarters of this year from a year ago.The seasonally-adjusted economic growth during the second quarter especially was 1.8 percent compared with the first quarter, the highest growth since the fourth quarter in 2003 (2.7 percent). During the third quarter, too, the production g

Supported by strong exports and facility investments, the national economy has grown 4.8 percent during the first three quarters of this year from a year ago.The seasonally-adjusted economic growth during the second quarter especially was 1.8 percent compared with the first quarter, the highest growth since the fourth quarter in 2003 (2.7 percent). During the third quarter, too, the production g

The worries about excess liquidity are increasing all over the world. The Marshallian K, which is widely used as a liquidity index, has recently been on the increase both in the United States and Europe but not Japan. Along with those developed countries, Korea is also meeting with excess liquidity. In spite of continuing increase of the Call Rate, the key interest rate of the Bank of Korea, the d

In the midst of the world economy rapidly globalizing recently, the number of cases where companies choose mergers and acquisitions (M&As) beyond national boundaries is also growing rapidly and noticeably. What this signifies is that the M&A has been emerging as an important strategy for growth while improving one's corporate structure. For instance, Mittal Steel, the well-known number one steelma

These days we are witnessing a rise in the number of cases where Koreans are buying Japanese electronic products due to the decline in the exchange rate of the Korean won to the Japanese yen. This development has risen because the domestic products are cheaper than Japanese products even if the burden of tax is added to the price of the products bought in Japan. The value of yen has been on a down

Hana Financial Group was launched on December 1, 2005 with the joining of nine affiliated companies: Hana Financial Group Inc., Daehan Investment Securities, Hana Securities, Hana Life Insurance, Hana Capital, Daehan Investment Trust Management, Hana I&S, Hana Institute of Finance, and Qingdao International Bank.The launching of the group was intended to build an ultra healthy, all-round financi

These days have seen growing attention directed at environmental issues. In summit meetings of major powers of the world, global warming is getting the limelight. In Korea, too, the public interest in environmental issues, such as the dust storm in the spring, has heightened as compared with the past. Also, regulatory measures on imported goods are taken in consideration of the environment, and di

The backgrounds behind the pursuit of an integrated capital market law -- a law related to the financial investment industry and the capital market -- to go into effect in 2008, are to establish a regulation system that can flexibly respond to the rapidly changing conditions of the financial market and to overcome the limitations of the current financial regulation system.Recently, the competiti

Ever since 2003, India has been recording high economic growth rates for three consecutive years, of which the annual average has been over 8%. By maintaining a stable growth basis ever since the economic liberalization of the 1990's, it has been rising as a second China.Especially due to the improvement of income levels following economic growth, private consumption has been in good condition.

Ever since the foreign exchange crisis, the size of the bond market of East Asia has expanded. As of the end of 2005, the size of the bond market, based on one's own country's indication, was US$1.7 trillion, which is a 4.3 times increase compared to US$405.3 billion in 1997. From 1997 until 2005, East Asia's bond market showed an average increase per year of 16.6%. The ratio of the GDP to the siz

Due to the domestic stock market's adjustment trend last year, investor demand is also showing signs of change. Such investment pattern change is appearing in the enlargement of the relative importance of overseas fund investment.In a circumstance in which the relative investment importance of stock-type fund at home is slightly declining, the fact that the demand toward overseas fund investment

Government Policy New Plans for New Year in IT MinistriesNext year's budget for information industry amounts to about US$3.45 billion, which will be a little higher than this year. On November 20, the Ministry of Planning and Budget said: "According to the business plan for the information industry for 2007 prepared by the Korean government ministries, the total budget for information industry

Foreign investment records net salesSince the end of June 2005, the main index of the nation's stock market has surpassed the 1,000 point mark and the Korea Composite Stock Price Index (KOSPI) reached the record high of 1,464.7 on May 11, 2006. After that, as foreign investors' selling spree has continued, the stock market has undergone a correction phase. After mid-November, however, supported

Stock MarketTime to focus on substantial growth based on transparency and soundnessOn July 1, the KOSDAQ market (Korean Securities Dealers Automated Quotations) celebrated the 10th anniversary of its founding. The headquarters of the KOSDAQ market on June 26 announced it would implement a "roundabout listing management plan" as part of its efforts to minimize investors' risk and damage and rev