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Korea’s First Antarctic Research Base Nearly Complete
Antarctic ResearchConstruction of Korea's first research base in Antarctica, Jang Bogo Station, is 80 percent complete, and is expected to be fully operational on February 14.The Ministry of Ocean and...
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POSCO Ready to Select Its Next CEO
Conglomerate LeadershipPOSCO, one of Korea’s biggest conglomerates, has narrowed down its choices of CEO to five.Internal candidates are POSCO President Kwon Oh-jun, POSCO CHEMTECH President Kim...
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The State, the Internet, and Cyber Security with Peter Singer, Part VI
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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GM Likely to Transfer Production from Australia to Korea
Move of Car ProductionIt has been found that GM is mulling over increasing the production of GM Korea by absorbing that of its facilities in Australia, which are scheduled to be shut down. Once the...
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DSME Develops New Welding Wire Weaving Apparatus for Submerged Arc Welding...
New Welding TechA research group for welding technology at Daewoo Shipbuilding & Marine Engineering (DSME) announced on January 15 that it successfully developed the industry’s first weaving...
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Woongjin Group Winging for Rebirth by Escaping from Breakup Emergency
Normalization of Woongjin GroupAccording to industry sources on January 15, Woongjin Group’s rehabilitation proceeding will end early next month, helped by early debt repayments and management...
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Korea Develops Technology to Microcapsulate Photonic Crystals Using Osmotic...
Microcapsulating TechnologyA research team led by Kim Shin-hyun, Assistant Professor of Chemical and Biomolecular Engineering at KAIST, announced on January 15 that it successfully developed a...
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Park Geun-hye Takes Initiative on All Economic Fronts
Three Year PlanPresident Park Geun-hye has just laid out her three year plan in detail with the formation of a Task Force involving the Ministry of Strategy and Finance. Under the plan, a focus has...
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Youth Unemployment Rate Drops to Historic Low
Growing WorkforceThe youth unemployment rate dropped to its historic lowest number since statistics have started to be gathered.The outlook for youth unemployment looks grim as Korea’s top corporations...
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POSCO Selects Its Next CEO
Corporate GovernanceKorea’s largest steel company and sixth biggest conglomerate, POSCO has selected current POSCO President Kwon Oh-jun as its next CEO.The recommendation committee conducted its final...
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Korea Became World’s Second-largest Semiconductor Manufacturer in 2013
Semiconductor IndustryAccording to market research firm IC Insights on January 16, South Korea was home to 19.6% of the global production of 200mm wafers as of December 2013, becoming the world’s...
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Sony’s Ambitious Smartwatch has More Functions, Features than Galaxy Gear
Japanese SmartwatchSony Korea announced on January 16 that it will release its new flagship smartphone and wearable smart device.The Xperia Z1, the smartphone, features a 20.7-megapixel camera, which...
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Mobile Carriers May Offer Free Chromebooks with LTE Subscriptions This Year
ChromebooksChromebooks, which run the Google Chrome OS, will include LTE connectivity starting this year. Thus, a power shift in the global PC market is likely to occur. According to Reuters on...
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Samsung to Introduce Smartphone-wrapping GamePad
Threats to Sony, MicrosoftSamsung announced on January 15 that it will release a GamePad (EI-GP20) and premium wireless speaker (EO-SB330) in Korea. Online games make up nearly 86% of the Korean games...
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Korea Ranked 9th in GDP Growth Rate among Top 10 Asian Countries Last Year
Growth Rate RankIt has been found that Korea ranked 9th in GDP growth rate last year among the 10 leading Asian economies. According to the Ministry of Strategy and Finance and the Korea Center for...
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Sea Change Around the Corner for Local Financial and Investment Sector
Financial RestructuringAccording to the Korea Capital Market Institute (KCMI), a large-scale structural change is expected to be made in the local financial and investment industry this year amid...
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Korea’s Materials and Components Industry Posted Trade Surplus Worth US$100...
Materials & Components IndustryKorea’s trade surplus in the materials and components industry amounted to close to US$100 billion last year, setting a new record. Exports to the United States,...
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SM Entertainment More Influential than Samsung in China
Most Influential FirmSM Entertainment, which manages K-Pop stars such as Girls’ Generation and infinite, was picked out by a Chinese portal site as one of last year’s most influential companies in...
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NTT DoCoMo Delays Release of Tizen Smartphone
Tizen DelayedNTT DoCoMo, which was expected to become the first mobile carrier to provide a Tizen smartphone, put off the release of the handset. The postponement is drawing the attention of many, in...
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Park Geun-hye, Manmohan Singh Agree to Additional National Cooperation
Korea-India SummitPresident Park Geun-hye, who is currently on a four-day visit to India, had a summit meeting with India’s Prime Minister Manmohan Singh on January 16. The two leaders reached...
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