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Hyundai signs deal for open source software management

Hyundai Motor Group said Friday it has signed a memorandum of understanding with the National IT Industry Promotion Agency for strategic development and management for open source software. Under the MOU, they will support each other to make use of ... Read More

Online shopping jumps 11.8% amid staying home trend

The total volume of online and mobile shopping transactions jumped 11.8 percent in March compared to a year earlier amid the staying home trend, data by Statistics Korea showed. The total online shopping transactions stood at 12.58 trillion won ($10.2 ... Read More

Multiple, alternative sources necessary in disrupted global supply chain: experts

As the global pandemic has caused disruption in the global supply chain, companies should manage key suppliers, secure multiple and alternative sources and establish regional supply chains, experts said in a symposium held Thursday. The public-private joint video symposium in ... Read More

KAI donates 10,000 test kits to Indonesia

Korea Aerospace Industries said Wednesday it has donated 10,000 coronavirus test kits to Indonesia as a sign of solidarity amid the global pandemic.  The defense company and Daewoo Shipbuilding & Marine Engineering together donated 10,000 coronavirus test kits to Indonesia, ... Read More

Korea’s exports plunge 24% in April

South Korea saw its exports sink 24.3 percent in April from a year earlier due to the COVID-19 pandemic and falling oil prices. The country also saw the first monthly trade deficit since 2012, data from the Trade Ministry and ... Read More

DRAM prices surge in April upon ‘untact’ boom

With increase in server demand following the normalization of Chinese PC makers and wider non-face-to-face activities since the COVID-19 outbreak, DRAM contract prices surged in April, according to market researcher DRAMeXchange. The average contract prices of DDR4 8-gigabit DRAM, used ... Read More

Telecommuting brings computers back to Korea’s top 10 export list

Computers are back on the list of South Korea’s top 10 export items as remote work becomes the new normal amid the coronavirus pandemic. According to the Korea International Trade Association on Thursday, Korea’s exports of personal computers and laptops ... Read More

Korea’s exports dip in April

South Korea’s exports dropped 27 percent on-year in the first 20 days of April due to the impact of the novel coronavirus pandemic, data from the Korea Customs Service showed. By segment, exports of memory chips fell 14.9 percent, while ... Read More