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Korean Economy Becoming Less Likely to Achieve 3% Growth This Year
Lowered Growth RatesIt is expected that the Bank of Korea will adjust its domestic economic growth rate forecast downward to slightly over 3 percent before the announcement scheduled for April 9. The...
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Patent Trolls Targeting Korean Companies
Regulations NeededIt has been found that most of the international intellectual property disputes Korean companies are involved with have been caused by non-practicing entities (NPEs). According to the...
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Technology Leaks Significantly Affecting SMEs
Tech LeaksKorean small and medium enterprises (SMEs) are exposed to an increasing number of cases of industrial espionage, and industrial spies are targeting their commercial technologies rather than...
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Korea-Chinese Co-production Creates Global Demand
Hand in Hand with ChinaShowbox Mediaplex Co., Inc. a major film distribution company in South Korea, signed a 3 year partnership agreement with Chinese film production company Huayi Brothers Media...
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14 Vietnamese Sub-contractors of Samsung C&T Dead, 30 Injured at Formosa...
Construction Site CollapseA reported 14 construction workers died on Wednesday night (local time) at a seaport project owned by Taiwan's Formosa group when a large amount of scaffolding collapsed at 8...
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Gwangju Starts Nationwide Promotion of the Gwangju Universiade
100 Days to GoOn March 25, Gwangju began its 100-day countdown to the 28th Summer Universiade 2015. The Gwangju 2015 Universiade Organizing Committee (GUOC) started a series of promotional events to...
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Korea Successfully Launches Second Science Satellite
Arirang-3A in OrbitKnown as the Arirang-3A, the Korea Multipurpose Satellite-3A was successfully deployed in space and established radio contact with Korea's ground station. The Korea Aerospace...
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Kumho Tire Wins Golden Dragon Award for 2 Consecutive Years
Compliments in VietnamKumho Tire announced on March 26 that it won the Golden Dragon Award 2015, which was given to top foreign companies that invested in Vietnam. The award is co-organized by the...
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Korea Investment & Securities President Yoo Sang-ho Serves 8th Consecutive Term
Longest-reigning CEOAs Korea Investment & Securities President Yoo Sang-ho, 56, has succeeded in serving his 8th term, he has recorded the longest stay in office in the securities industry. On...
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Ssangyong Engineering & Construction Finishes Corporate Reorganization Procedure
Graduation from ReceivershipSsangyong Engineering & Construction (E&C), which was recently taken over by the Investment Corporation of Dubai (ICD), finished a court-managed corporate...
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Parties Clash over Wage Issue
Wage ConfrontationKorea Employers Federation Vice Chairman Kim Yeong-bae said on March 26 that the salary of full-time workers earning more than 60 million won (US$54,328) a year should not be raised...
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Korea Ranks First in Introduction Rate, Speed of High-Speed Internet
Global #1Korea ranked first in the introduction rate and average Internet access speed of high-speed Internet (speed higher than 10Mbps) for 4 consecutive quarters.According to the 2014 Fourth Quarter...
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Consumer Sentiment Index Drops for March
Worsening SentimentConsumer sentiment, which increased slightly in the beginning of the year, failed to continue an upward trend and dropped in three months. Expectations for future family income...
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Equity-linked Securities Drawing Attention with Investors in Pursuit of...
Popular ELSInvestors are rushing to equity-linked securities (ELS), one of the most typical mid-risk, mid-return investment options. The amount of issue per month has increased from 5.8418 trillion won...
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Samsung Electronics to Work More Closely with Microsoft for Mobile Services
Mobile Service CooperationSamsung Electronics and Microsoft have agreed to expand global cooperation in the mobile sector. Samsung Electronics announced on March 24 that its smartphones and tablets...
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Samsung Electronics Concentrating on Fintech for Future Growth
Future Growth EngineSamsung Group Vice Chairman Lee Jae-yong met with CITIC Group chairman Chang Zhenming on March 25 to discuss cooperation in the financial sector. The CITIC Group is an investment...
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Asian Film Awards Honor 2 Koreans
Korea RepresentIm Kwon-taek Presented with Lifetime Achievement Award, Bae Doo-na Best ActressThe 9th Asian Film Awards (AFA), held on March 25 in Macau, presented Im Kwon-taek with a lifetime...
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Trans-Pacific Partnership Would Make Korea Vulnerable to Predations of...
Step Back, Think TwiceOn Wednesday, Wikileaks, the infamous site that publishes formerly-secret documents anonymously for the public to read, released the Investment Chapter from the until-now secret...
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China Welcomes South Korea's Application to Join Asian Infrastructure...
China-led BankingSouth Korea will join the Asian Infrastructure Investment Bank, which aims to provide funds and consulting expertise to low-income countries to upgrade their social and industrial...
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Expectations of Economic Recovery Grow with Manufacturing BSI Reaching 110 in Q2
Better BSIThe prospect index of the manufacturing industry business survey index (BSI) in the second quarter recovered to over 100, increasing corporate expectations of an economic recovery.According...
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