Seoul, Mar. 2 (Korea Bizwire) — Samsung Group will develop about 400 ‘smart factories’ in Gyeongsangbuk-do in collaboration with the Gyeongbuk Creative Economy Center, by 2017. The partners will jointly develop fully automated assembly factories based on MES (Manufacturing Execution System) and IoT (Internet Of Things) technologies. These factories will be also equipped with tailored [...]
SEOUL, May 24 (Korea Bizwire) – A study said it takes an average of 19 years for a small- or mid-sized firm to graduate from that status and move up the rank of an enterprise of middle standing. According to a report by the Korean Chamber of Commerce and Industry based on a survey on [...]
![[Feature] How to Revive Flagging SME Sector](http://koreabizwire.com/wp/wp-content/uploads/2014/05/SME-800x497.png "[Feature] How to Revive Flagging SME Sector")
SEOUL, May 23 (Korea Bizwire) – The share of the big-three retailers, including Lotte, Shinsegae, and Hyundai, in the nation’s retail market reaches up to 80 percent. Even amid a host of policy measures designed to revive small- and medium-sized merchants, the market is still dominated by a few oligopolistic players. Lim Chae-woon, Professor of marketing at [...]