According to the Korea Small Business Institute, small and medium enterprises running their own research institutes suffered from a technology outflow worth $5.6 billion between 2011 and 2013. The amount was equivalent to 58% of their R&D expenditures for the same period. The sales decrement caused by the tech leak was $2.27 million on average, or around 20% of annual sales. However, despite knowledge of the problem, most companies have not make…

KT – Cisco team up for 5G network Korean telecommunications giant KT said recently that it aims to jointly develop a fifth-generation (5G) network with Cisco Systems under new corporate initiatives being pursued by KT CEO Hwang Chang-gyu. “While 5G is still just a concept rather than a reality, you should keep in mind that being proactive means thinking and acting ahead of anticipated trends,” said a KT executive. The remarks come…