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Samsung, Hyundai Motor More than 33% of Korea’s GDP
Economic Concentration“I’m analyzing the extent of economic concentration of Samsung and Hyundai Motor groups,” said Deputy Prime Minister and Minister of Strategy and Finance Hyun Oh-seok at KT’s...
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Samsung Ranks Fifth in NPE Lawsuits in 2013
Patent TrollsLast year, the offensive of non-practicing entities (NPEs) against Korean companies such as Samsung and LG Electronics reportedly slowed down somewhat. The phenomenon can be interpreted in...
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The State, the Internet, and Cyber Security with Peter Singer, Part V
Asia Institute SeminarOn January 2, Dr. Emanuel Pastreich, director of the Asia Institute, sat down with Peter Singer, director of the Center for 21st Century Security and Intelligence and a senior...
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Government Focuses on Growth of Internet of Things
Internet of ThingsThe Ministry of Technology, ICT and Future Planning held a discussion session on January 10 in an effort to put together a national Internet of Things (IoT) strategy. The national...
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Parallel Import of Brand Clothes and Cosmetics Facilitated in March
Diversification of ImportsPopular foreign clothing, cosmetics, and watch brands will enter the Korean market on a large scale from March this year at half price. As major discount stores like Walmart,...
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Samsung Electronics’ Application Processor Business at a Critical Juncture
Warning to AP BusinessIt has been found that the average sales price (ASP) of Samsung Electronics’ application processors (APs) is higher than that of Qualcomm’s. Qualcomm is currently the top in the...
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Weak Yen Casts Long Shadow
Yen Affects ExportsAutomobiles, steel, and machinery are the hardest hit areas by weakened yen, according to the Bank of Korea.If the depreciation of the yen continues, automobiles, steel and machinery...
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Hyundai Sonata Hybrid Popular in US, but not Korea
Hybrid AutosHyundai Kia Motors last year sold 35,680 automobiles in the US, while in the domestic market its sales dropped. Domestic hybrid cars, which struggled in the domestic market last year, have...
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Desktop PC Market Share Drops Below 30% in Korea
Falling by Digital WaysideSales of desktop PCs are falling as sales of notebook and tablet PCs continue to rise. The increasing popularity of notebook and tablet PCs is reciprocally affecting the...
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Samsung, Hyundai Make 30% of Korea’s Corporate Operating Profits
Chaebol ProfitsAccording to Jaebol.com, the top 10 conglomerates in 2012 by asset made 61.2 trillion won (US$57.9 billion) in profits, comprising 43 percent of the total amount of 141.7 trillion won...
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Samsung Back Down to Fifth Place in IT
Samsung Market CapSamsung’s market capitalization was third place last year, but dropped to US$176.6 billion, placing it at fifth place globally. The company has been struggling with an earnings shock...
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Olympics of Math Happening in Korea this Summer
Mathematics EventThe Olympics of mathematics, the 2014 International Congress of Mathematicians (ICM), will be held in Korea from August 13 to 21, in various locations including COEX.Held every four...
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Korea Records Highest Ever Trade Surplus
Korea CustomsKorea has enjoyed a five-year run of a trade surplus of over US$25 billion, with last year’s surplus amounting to US$44 billion dollars.According to confirmed import and export data...
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Korea Not Ready to Abandon Windows XP
End of Windows XPMicrosoft’s official support for Windows XP will end on April 8. After that date, any technical support, including security updates, latest driver support, and online tech support,...
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Korea Strives to be Global Leader in 5G
Next-Gen Mobile CommunicationsThe Ministry of Science, ICT and Future Planning (MSIP) announced its strategies for 5G mobile communications on January 13. The measures are aimed at becoming the world’s...
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Vietnam Tax Office Investigating 20+ Korean Companies
Vietnam Tax InvestigationThe national tax office of Vietnam launched an extensive tax investigation on the transfer price transactions of foreign-invested companies. According to the Korea...
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IBS Develops New Semiconductor Nanomaterial Synthesis Method to Replace Graphene
Graphene ReplacementThe Institute for Basic Science (IBS) announced on January 14 that Chemistry Department Professor Choi Hee-cheol at POSTECH and his research team developed a method for the...
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ETRI Develops Touch Sign for Accredited Certification
“Touch Sign”The Electronics and Telecommunication Research Institute (ETRI) has developed a new certification method for smartphone-based financial transactions. Named Touch Sign, this technology is...
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Investments of Top Four Korean Conglomerates Estimated at Over 100 Trillion Won
Conglomerate InvestmentIt is expected that the combined investment by the four major business groups in Korea - Samsung Group, Hyundai Motor Group, SK Group and LG Group - will exceed 100 trillion won...
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Protein Opens Door for New Cancer Research
Anti-Cancer ResearchThe Korea Advanced Institute of Science and Technology (KAIST) Graduate School of Medical Science and Engineering has discovered a new type of protein, RhoJ, that is responsible for...
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