Public-private partnership has been one of the effective ways to tackle global warming. And financial companies have faced growing calls for playing a more active role in dealing with climate change as a majority of funding to sustain green growth will need to come from the private sector, while governments need to back it with sound policies. Climate change is not a short-term issue, and finan...

As the Yeosu Expo kicks off this weekend, foreign delegations, tourists or even local visitors may wonder what they should see. Wonder no further. As the Expo organizing committee has said numerous times, just relax and let the hundreds of guides and officials take you to attractions and pavilions where you can learn about the present and future industry and technology of marine and green scien...

Choe says company may consider establishing R&D center domestically Korea’s software industry may have been in the shadows for quite some time. But Michael Choe, president of CA Technologies Korea, the local subsidiary of the world’s biggest IT management software company, said that with the emergence of cloud computing technology, it will stand at the forefront of innovation. “Software had be...

Korea has capacity to develop higher value-added mobile apps for export SAP is always on the lookout for acquisitions that can help the world’s largest enterprise software company gain innovative technology and reinforce its business in mobile, in-memory and cloud computing. Korea would definitely be one of many potential markets where SAP, backed by “tons of cash,” would seek opportunities in ...

Exor, an Italy-based investment holding company, has proposed Lee Jay-yong, president and chief operating officer of Samsung Electronics to be its board’s independent director. Lee is the only son of Lee Kun-hee, the owner of Korea’s largest conglomerate Samsung Group. Exor, meanwhile, is controlled by the Agnelli Family. Exor, whose portfolio includes Fiat and Chrysler, said in a press release...

Largest PE shareholder G&A could consider exit next year When Nam Sam-hyun joined Etrade Korea as its chief executive officer four years ago, he was in deep sorrow at seeing the company, the first online brokerage firm to be established in Korea, fall behind Kiwoom Securities. Nam, the former CEO of Woori Futures, said he has since vowed to improve everything about Etrade’s image and operati...

Asia’s 4th largest economy unlikely to graduate to developed markets index soon South Korea would be better off remaining in Morgan Stanley Capital International’s emerging markets index than entering its developed markets index, said a global investment bank. Shawn Kim, an equity strategist and executive director at Morgan Stanley, said that Korea could end up like Israel and be ignored by glo...

Gimpo International Airport may have lost its hub status to state-backed Incheon International Airport, but Korea Airports Corp., the operator of 14 regional airports including Gimpo, still aims to exhibit its prowess in airport management and equipment exports. KAC vice president Kim Byeong-no said the company is set to compete with global equipment players such as Thales and Selex, while tappi...

Top mobile gamer to boost publishing, reenter Europe Com2us may not be as big as NCsoft, Neowiz or Nexon, Korea’s best-known gamers. But Com2us had a head start in the mobile gaming market, and being first is everything in today’s fast-changing mobile technology landscape. Com2us chief financial officer Choi Baek-yong said that acquisition is part of plans to maintain its edge in the market tha...