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Experts' Symposium to Emphasize Action, Education on Water Issues
World Water ForumThe World Water Forum held an experts’ symposium on November 26, in Seoul’s Myeongdong Post-Tower, in support of the successful launch of the 7th World Water Forum scheduled to be held...
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Financial Knowledge Transfer Agreement Signed with ADB
Financial Knowhow TransferKorea will transfer its know-how in capital market management to developing countries through the Asian Development Bank (ADB). The Korea Capital Market Institute (KCMI) said...
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Local Units of Chinese Banks Attracting Huge Deposits in November
Sucking Away Local MoneyThe local units of major Chinese banks have been rapidly attracting a huge amount of deposits from domestic enterprises and financial firms. According to Korea’s top three...
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China’s Declaration of New Air Defense Zone Increasing Tensions in Region
Air Defense Zone BattleChina has rejected South Korea’s demand to redraw its newly declared air defense zone. South Korea raised the issue as a priority during the annual defense strategy talks with...
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What Does South Korea Do Best in the World?
CNN’s ListCNN’s article on November 28 (local time) posted on its website has grabbed people’s attention. The Cable News Network cited Internet penetration, the use of credit cards, a culture of...
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Korea Suffers from Shutdown of Reactor, Cracks in Reactor Tunnels
Ordeals of Atomic PowerA nuclear reactor at Korea’s Kori Nuclear Power Plant was temporarily shut down at 1:18am on November 28 for apparent problems with its generation system. The operator, Korea...
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Korea’s Current Account Surplus at All-time High in October
Korean Trade PerformanceKorea’s current account surplus hit a record high last month thanks to a positive trend in exports of autos, mobile devices, and semiconductors.According to data on the Balance...
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NPL Ratio of Large Companies Higher than That of SMEs
Non-Performing LoansThe non-performing loan (NPL) ratio of large companies is reportedly higher than that of small and medium-sized enterprises (SMEs) in the second quarter this year for the first time...
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SK Telecom Launches LTE-A Services Using Broadband Frequency Modulation First
3x Faster LTESK Telecom unveiled LTE-A technology using broadband frequency modulation for the first time in Korea, and thus heralded an era where mobile phones provide faster connection speeds than...
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Dream Involving N. Korea Urged Unsuccessful without China’s Help
Chinese Interest in “Silk Road Express”A Chinese professor is attracting attention by reportedly raising some questions about the long-discussed railroad project to link South Korea via North Korea to...
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Samsung Moves to Strengthen LED Business
LED ProfessionalsAccording to sources in the light emitting diode (LED) industry on December 1, Samsung Electronics recently started to recruit LED professionals by targeting companies at home and...
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KOSPO, Samsung C&T Win Contract Worth US$580M. for Combined Power Plant
Gas Plant Project in ChileThe Korea Southern Power Company (KOSPO) announced on December 1 that a KOSPO and Samsung C&T consortium obtained and signed a contract to develop a BHP Billiton natural...
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Kia Motors to Release “K7 Hybrid” with Higher Fuel Efficiency than Compact Cars
New Hybrid SedanKia Motors began taking pre-orders on December 2 for remodeled vehicles called the K5 Hybrid 500h and K7 Hybrid 700h, which will officially be introduced on December 16. The new ones...
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Will Prime Shipyard be Presented to China Free of Charge?
Liquidation of STX DalianSTX Dalian has gone beyond redemption for not just the creditors but also the Chinese government. Public opinion is not good, and even the Dalian City Government is trying to...
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Korean Professor Ran WSL Online Ad to Criticize Japanese Prime Minister
Advertisement to Attack AbeSungshin Women’s University professor Seo Kyeong-deok said on December 2 that he put a banner ad on the Wall Street Journal online edition to criticize Japanese Prime...
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Inflation Rate below 1% for Third Consecutive Month
Low Consumer Price IndexThe inflation rate is kept well in check, rising less than 1.0% for three consecutive months for the first time in 14 years. A key rate cut can be expected with the situation as...
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Change Delivers Three Messages, Including Management Succession
Personnel Realignment of Samsung GroupThe Samsung Group appointed new presidents on December 2. The personnel changes can be characterized by the spreading of Samsung Electronics’ corporate DNA to its...
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Samsung C&T Receives Order for Ravik Power Generation Project Worth US$1.2 B.
Power Plant Project in Saudi ArabiaSamsung C&T reported on December 2 that it received an order to build the Ravik Power Generation Plant by Saudi Arabia’s Power Authority (SEC), a project...
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Hyundai, Kia Suffer Losses while Renault, Ssangyong Enjoy Sales Increases
November’s Auto IndustryAccording to industry sources, Hyundai Motor sold 408,533 cars last month, including 354,302 units sold overseas, down 2.8 percent from a year earlier. Kia Motors sold 38,952,...
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Hyundai E&C Develops Technology to Design Atypical Architecture
Atypical Engineering AutomationHyundai Engineering and Construction (Hyundai E&C) announced on December 2 that it has developed an “atypical engineering automation” technology called Building...
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