Samsung Group plans to spend a record 43.1 trillion won ($38.4 billion) this year to consolidate its global leadership in electronics and shore up its charge into growing fields. Korea’s largest conglomerate on Wednesday announced its plan to increase investment by 18 percent year-on-year, which analysts say reflects its expectation of global demand recovery.The conglomerate also said that it woul

Industry Jan. 6, 2011

eBay’s removal of database from Naver’s shopping section intensifies competitionEBay Inc., the world’s largest online marketplace operator, is seeking to remove its database from the shopping section of Korea’s top portal site Naver, amid an intensifying rivalry over the nation’s rapidly expanding online shopping market.EBay, which currently owns the biggest e-commerce websites Auction and Gmarket

Industry Jan. 4, 2011

KCC accused of expedience in awarding cable TV licensesThe government has come under fire for its recent selection of new TV channel operators. Critics say it will cause excessive competition in a saturated market and aggravate large conservative newspapers’ dominance of public opinion.Experts are also voicing doubt about the selection committee’s fairness and correctness in assessing applicants.T

Jan. 3, 2011