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Samkwang Glass CEO Lee Do-haeng Aims to Accomplish Sales of 500 Billion Won...
GlasslockSamkwang Glass CEO Lee Do-haeng said on April 7 in a press conference to celebrate its ten year anniversary, “Since the supply and demand situation of kitchenware, such as glass bottles, cans,...
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New Coffee Shop and South Korean-style Stew Restaurant Found in Pyongyang
Pyongyang WafflesA coffee shop and a restaurant that serves rotary hot pot stew have appeared in Pyongyang. The Chosun Sinbo, the newspaper that is published by the General Association for Korean...
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Private Investment in Saemangeum to Get Deregulation Boost
Relaxed RegulationsA revision to the special act on the Saemangeum Development Project passed the Cabinet meeting on April 7 before the discussion in the National Assembly scheduled for June.According...
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Japanese Government Takes Provocative Actions for 2nd Consecutive Day
Historical RetrogressionThe Japanese government claimed in its Diplomatic Blue Paper for this year that Dokdo is a part of its territory. The Korean government, in response, announced an official...
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Korea’s Fabless Industry in Crisis
Small FootholdKorea’s fabless industry is failing to make a breakthrough, although Samsung Electronics and SK Hynix are doing very well in the memory industry. According to market research firm IC...
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Daum Kakao Losing Users of Non-core Apps
Value Not Added?According to market research firm Nielsen Korea, the number of users of the mobile Android applications provided by Daum Kakao is on the decline in more than half of its 10...
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Korean Gov't Wants Food Service Industry to Franchise Worldwide
Korea as McDonald'sThe South Korean government plans to franchise national restaurants internationally to create more jobs and to export Korean food products. The Ministry of Agriculture, Food and...
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Jim Yong Kim Ready to Collaborate with China-led Development Bank
World Bank Welcomes AIIBThe president of the World Bank expressed strong support for the new Chinese-led regional development bank. Jim Yong Kim welcomed it as a major new player in the fight against...
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Chinese Foreign Minister Asks All Six Parties to Resume Negotiations
Six-party TalksChina has called for the resumption of the stalled six-party talks. To allay concerns over North Korea’s nuclear program, Chinese Foreign Minister Wang Yi urged the six parties involved...
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Top 30 Business Groups Investing More, Hiring Less
Labor Slump ContinuesSouth Korea's top 30 business groups only slightly increased the number of workers last year, industry data showed Wednesday. It indicated that the conglomerates seem to be not so...
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Saenuri Floor Leader Yoo Seung-min Pursues Liberal Economic Policies,...
Political ContrastYoo Seung-min, the floor leader of the Saenuri party, reaffirmed that “welfare without tax increase is fiction,” reviving the tax increase and welfare dispute, as he was...
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SK Innovation Becomes Target of Corruption Investigation
Criminal or Incompetent?The Board of Audit and Inspection (BAI) requested a prosecution investigation for alleged corruption related to an overseas resources development project of SK Innovation.The...
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No Agreement Reached at First Divorce Hearing of Hotel Shilla CEO Lee Boo-jin
No ProgressThe first divorce hearing of Hotel Shilla CEO Lee Boo-jin, the eldest daughter of the Samsung Group Chairman Lee Kun-hee, from her husband Im Woo-jae, who is the vice president of Samsung...
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Shinhan Bank Issues US$600 Million Worth of 5-year Global Bonds
Mark of TrustShinhan Bank issued a public offering of global bonds worth US$600 million (654.6 billion won). The global bonds are five-year senior bonds without guarantee, which were issued by the bank...
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Doosan Heavy Industries & Construction Ships Nuclear Reactor for U.A.E.'s...
Nuclear ExportDoosan Heavy Industries & Construction announced on April 9 that it held a delivery ceremony of nuclear reactors for the United Arab Emirates' (U.A.E.) second nuclear power plant in...
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Galaxy S6 Launches Avengers-themed Edition
Avengers GalaxySamsung Electronics is releasing Avengers-themed accessories for the Galaxy S6 and the Galaxy S6 Edge. At the Galaxy S6 World Tour Seoul event being held in Seoul on April 9, Samsung...
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Hyundai Engineering and LG International Win 5 Trillion Won Order in...
Modernizing TurkmenistanA consortium of Hyundai Engineering and LG International practically won an oil refining and gas plant project in Turkmenistan totaling 5 trillion won (US4.6 billion. Hyundai...
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Trend of Startup Investment is Changing
Stronger TogetherAccording to industry sources, an increasing number of Korean companies are making startup investment focusing on the correlation with their business rather than profitability. For...
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Korean Gov't to Lead Labor Market Restructuring
Solving DeadlockThe government is looking to lead labor market restructuring, since the tripartite talks for the purpose have halted. Minister of Employment and Labor Lee Ki-kwon had a press conference...
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Fully-foldable Smartphone Expected to be Available within Two Years
Roll It UpThe Korea Electronics Technology Institute (KETI) has developed an ultra-thin OLED electrode material for mobile devices that is capable of maintaining its electrical characteristics even...
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