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3rd-gen Owners Emerging in Major Business Groups
Management SuccessionIt is expected that the Samsung Group will accelerate its ownership structure reform this year by tackling such issues as the ban on cross-shareholding and progress in...
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Steel Product Imports Net Decrease After 15 Months
Import DecreaseThe Korea Iron & Steel Association announced on March 11 that Korea imported 1.602 million tons of steel products in February and 1.937 million tons in January this year to show a...
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Size of Inheritance Tax on Samsung Owners Have to Pay Disclosed
Six Trillion TaxThe value of the Samsung Electronics and Samsung Life Insurance stock owned by Samsung Group Chairman Lee Kun-hee, who is in the hospital now, is 11.1 trillion won (US$9.8 billion). His...
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Samsung Electronics to Allow Direct Yuan-based Settlement
Yuan-based SettlementsSamsung Electronics will use the yuan for trade settlement purposes from March 16. At present, Samsung Electronics is running semiconductor manufacturing facilities in Xi’an,...
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Evidence Found for Oriental Medicine Principles
Science of Oriental MedicineAnalyzing structural similarities between compounds derived from traditional oriental medicine and human metabolites, Korean scientists have found scientific evidence in the...
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Korea Steps Towards UAE Halal Food Market
New MarketSouth Korea is looking to launch a new halal food agency. To advance into one of the biggest food markets in the world, the Korean government took the first step of a recent MOU between Korea...
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Korean Annual Regulations Cost 36 Trillion Won
Regulation CostsThe annual expense for regulating companies in Korea has reached 36 trillion won.The small and mid-sized company Ombudsman reported on March 11 that the domestic regulation expense as...
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Korea Still Fastest Internet in the World, 5.6x Global Average
Internet DemographicsGerman statistics research company Statista reported that Korea has the fastest Internet speed in the world as of the third quarter last year.The average Internet speed of South...
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NPS Opposes Reelection of Hyundai Mobis and Kia Motors’ Non-executive Directors
Political StruggleThe National Pension Service (NPS) will vote against the continuance of two out of seven non-executive directors’ terms from Hyundai Mobis and Kia Motors. The two directors in...
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S. Korean Nuclear Reactor Leaks - Online
Dangerous SpillageA hacker that had leaked data belonging to the country’s state-run nuclear operator the last December made another threat on Thursday. Demanding money in exchange for not derailing...
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Trade Insurance of K-sure Selected as Deal of the Year 2014 by Trade Finance
Best Trade InsuranceFour trade insurance products, which Korea Trade Insurance Corporation (K-sure) has offered to local companies, were selected as the Deal of the Year 2014 by Trade Finance, a...
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Merkel Did Duty for Obama
True LeaderGerman Chancellor Angela Merkel criticized Japan’s perception of the past via the Asahi Shimbun and the voice of Okada Katsuya, the leader of the Democratic Party of Japan, when she made a...
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LG U+ to Release IPTV Service Requiring No Internet Subscription
No Internet RequiredLG U+ announced on March 12 that it releases an IPTV service requiring no Internet subscription on March 16. The new service provides 4K UHD, Earphone TV, my4 Channel, Voice Remote...
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SK Telecom Develops Innovative 5G Robot Depicting Human Gestures in Real Time
Robots Taking OverSK Telecom’s robots adopting 5G communications technology drew huge crowds at Mobile World Congress 2015. The robots SK Telecom developed with RoboBuilder, a Korean SME, are...
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Individual Investors Showing Lower Rate of Return This Year
Lonesome LoserThe Korea Exchange announced on March 12 that individual investors’ 10 most favorite shares recorded an average loss of 10.29 percent between Jan. 2 and March 11, and none of the 10...
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Uber Under Increasing Pressure in Korea
Fight for SurvivalOn March 10, the National Assembly passed a revision to the Passenger Transport Service Act. Uber cannot do business in Korea if the revision passes the plenary session scheduled for...
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LG Group Invests More than Ever for R&D
6.3 Trillion InvestmentThe LG Group announced on March 12 that it will invest 6.3 trillion won (US$5.5 billion) in R&D this year to solidify its leadership in such fields as auto parts, electric...
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Korea Not Promoting Automotive Semiconductor Market
Lagging BehindThe automotive semiconductor market is growing at a rapid pace. Foreign companies are releasing a variety of new products while trying to expand their business by means of M&As....
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Korean Government to Help Korean Firms’ Business in Inner Eurasia
Central Eurasia InitiativeThe Korea Trade-Investment Promotion Agency (KOTRA) launched a commission for business in Central Eurasia on March 13 to collect Central Eurasia-related information and make...
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Military Exercises Complete Successfully, Despite Northern Threats
Key Resolve ResolvedSouth Korea and the United States today successfully completed the first of their annual joint military drills, Key Resolve, aiming to enhance operation and combat capabilities to...
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