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Global IT Giants Rushing to Korean Public Cloud Computing Market
InroadsGlobal IT companies such as Amazon Web Services and Oracle are trying to recruit cloud computing personnel in Korea in order to expand their business in the domestic public cloud computing...
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Korean Workers Rank 6th in OECD in After-tax Income
Sitting PrettyAccording to the OECD’s report released on May 6, Korean workers’ average after-tax income added up to US$40,421 last year, the sixth-highest among those of OECD member countries....
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Korea Aims to Reach US$200 Million in Ginseng Exports
New MarketsKorea’s ginseng exports to China exceeded Hong Kong’s in the first quarter of this year. The Korean government is planning to increase ginseng exports 8.7 percent from a year earlier this...
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Korean Gaming Industry Lagging Behind in Investment, Development of VR Games
Market FollowersOverseas game developers like U.S.-based Valve are actively seeking to create an ecosystem for virtual reality (VR) games in order to dominate the next gaming market. However, experts...
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Korean Telecommunications Industry Facing Limits of Growth
Decrease in SalesIndustry analysts are saying that worries about the downsized telecommunications market such as the decreased sales and profits of SK Telecom, KT, and LG U+ became a reality in the...
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South Korea, EU to Strengthen Cooperation in Tech Regulations
Electronics SectorA forum has been opened in order to strengthen cooperation in technology regulation in electric and electronic sector between South Korea and the European Union (E.U.).The Korean...
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SKT Introduces First Commercialization of IPV6 Services in Vietnam
IPv6SK Telecom, the nation’s first company to commercialize the next-generation Internet address system Internet Protocol version 6, or IPv6, called the “unlimited Internet address system,” is to...
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Why is Global Mobile Communication Service Giant Softbank Eyeing Korean Market?
Significant MoveAs Softbank of Japan is giving positive signs in investing in a 4th mobile communication business of Korea, industry sources are paying attention to the aim of Softbank Chairman Son...
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South Korean LG Chemical Provides Batteries to Commercial Energy Storage...
New DealSouth Korean LG Chemical is to provide its batteries to a commercial Energy Storage System (ESS) of US Gexpro, an official at LG Chemical told Business Korea. The commercial ESS is 45KWh in...
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Gwangju Universiade Gives Awards Ceremony Trial Run
Preparations UnderwayThe Gwangju Universiade Organizing Committee (GUOC) held a mock awards ceremony and relevant on-the-job training on May 6 at the international conference hall of Kwangju Women's...
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Korean Retail Show K-shop at KINTEX Sept. 2-4
K-shop 2015The 2015 K-shop, South Korea’s only retail shop show, will be held at hall 2 of exhibition area 1 of KINTEX from Sept. 2 to 4.About 15,000 B2B buyers are expected to participate in the show....
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Qualcomm Snapdragon 810 Overheating Rumors Continue
Not Cooling OffRegarding rumors about the overheating issues of its latest Snapdragon 810 chipset, Qualcomm flatly said, “rubbish.”In an interview with U.S. business magazine Forbes on May 6 (local...
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LG U+ Demonstrates World’s First LTE-U
Speedy DataLG U+ announced on May 7 that it succeeded in a technology demonstration of long-term evolution in an unlicensed spectrum (LTE-U) network which supports data download speeds of up to 600...
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Samsung Makes Largest Single Investment Ever into Pyeongtaek Factory
15 Trillion WonSamsung Electronics used the official slogan “The Future Starts Here” for the groundbreaking ceremony of its new Pyeongtaek semiconductor complex on May 7. It showed the high...
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Daum Kakao to Implement Business Restructuring
Another ShiftAs Daum Kakao failed to properly show synergy results after the merger last year and has faced controversy over this crisis, the company has decided to restructure its business.On May 7,...
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Korean Online Gaming Market Stepping Backward Owing to Gov't Regulations
Help that HindersThe global online gaming market is expected to continue to grow 7 to 9 percent this year, following 2012. In contrast, the Korean online gaming industry posted negative growth of...
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Korea's Retail E-Commerce Index Ranking Drops to 7th Place
Slowing DownAmid a long-term economic recession, South Korea's retail e-Commerce index ranking inched down from 5th in 2013 to 7th place in 2015.According to the 2015 Global Retail E-Commerce Index...
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Samsung Phones Struggling in India, China
Poor PerformanceSamsung Electronics is exhibiting poor performance in India and China, although the two markets emerged as hot places in the global smartphone market.According to market research firm...
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Chinese Banks Sweep Top Spots on Forbes’ Global 2,000 for 2015
Best RankFour Chinese banks won the top spots on this year’s Forbes Global 2,000 list– the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China, and the Bank...
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Automakers Employ Different Strategies Jostling for Lead in EV Market
Electric SlideHyundai Motor Company and Kia Motors are planning to release a variety of hydrogen fuel cells and electric vehicles over the next five years. Next year, Hyundai’s first EV sedan makes its...
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