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Global LNG Ship Orders Piling Up
Korea OpportunityShip owners around the world are placing orders for new vessels one after another. Not a few of them are expected to go to Korean shipbuilders.According to industry sources, Gail of...
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Rugby World Cup Charity Dinner in Seoul to Include Speeches from Graham...
Sports CelebrationThe New Zealand, British, and Australian Chambers of Commerce in Korea will jointly host the 2015 Rugby World Cup Charity Dinner at the JW Marriott Banpo’s Grand Ballroom on Tuesday,...
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No Safeguards for “Smart” Home Appliances
HyperconnectivityMore than 750,000 spam emails were sent out in bursts in Jan. 2014. Surprisingly, it was not computers that blasted these unwanted messages, but televisions and refrigerators....
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Preference for G4 over Apple, Samsung
Soon ReleaseLG Electronics is taking its strategic smartphone G4 to the U.S. market, the largest smartphone market in the world. The G4, the fourth model of the G-series for LG Electronics, was...
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Shaft Furnace Steel Mill of Dongkuk Steel Attracting Attention
Risky VentureThe shaft furnace steel mill being jointly built in Ceara, Brazil by Dongkuk Steel and POSCO is receiving a lot of attention. Risking the future of the company, Dongkuk Steel pushed ahead...
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Growing Independence from Kakao Mobile Games Platform
Breaking AwayAn increasing number of major game developers in the country are joining the trend of breaking away from Kakao Games to directly launch their mobile games.According to industry sources on...
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100,000 Electric Vehicle Charging Stations to be Built in Seoul by 2018
Electric RevolutionPeople in Seoul will be able to use electric vehicle charging stations in 2 to 3 years, since the Seoul City Government and KT have decided to install 100,000 mobile charging...
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Samsung's Bid to Lead IoT Ecosystem
ArtikSamsung Electronics unveiled its platform for the Internet of Things (IoT) era, and is starting to construct an IoT ecosystem.Son Young-kwon, president of Samsung Strategy & Innovation Center,...
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President Park Geun-hye Meets with Korea-Japan Economic Association
Diplomatic GesturesOn May 13, President Park Geun-hye met with Korea-Japan Economic Association representatives who visited Seoul to attend the 47th Korea-Japan Business Conference, and asked them to...
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Household Loans Snowballing in Korea
UnprecedentedMortgage loans and household loans, including credit loans provided by the top five Korean banks, increased by 6.1695 trillion won (US$5.6366 billion) and 8.0527 trillion won (US$7.3608...
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US Democrats Block Trans-Pacific Partnership
Voting DownOn May 12, the U.S. Senate took a vote on the bill giving the Barack Obama administration the trade promotion authority (TPA) for a prompt conclusion of the Trans-Pacific Partnership (TPP)....
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Litigation between Lone Star, Korean Gov't Starts May 15
US JurisdictionThe lawsuit between the Korean government and Lone Star, in which no less than 5 trillion won (US$4.6 billion) is at stake, kicks off on May 15 in Washington D.C. The litigation is...
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Korea’s National Wealth Remains Stagnant for 3 Consecutive Years
No IncreaseAccording to the Bank of Korea, the total national wealth of Korea added up to 11.0392 quadrillion won (US$10.0977 trillion) in 2013, increasing by 371.5 trillion won (US$339.6 billion) from...
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Restructuring of Shipbuilders Picking Up Speed
Adjusting OwnershipThe restructuring of shipbuilders such as Daewoo Shipbuilding & Marine Engineering, STX Offshore & Shipbuilding, and Sungdong Shipbuilding & Marine Engineering is picking...
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KOSEP Builds Base for Small Subcontractors to Export to Middle East
Turning EastAlong with 15 small and medium sized companies in the domestic electric power industry including ENESG, Korea South-East Power Co. (President Heo Yup) and members of the Korea Electrical...
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Korea Eximbank Becomes Seoul National University Hospital’s Financial...
Overseas SynergyThe Export-Import Bank of Korea (Korea Eximbank) announced that it signed a memorandum of cooperation with Seoul National University Hospital to establish a strategic cooperative...
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CJ to Provide Drone Services Capable of Carrying 3kg Cargo at 60 kph
Cargo-carrying DroneThe CJ Group has opened the era of drone commercialization for the first time in the country. The Ministry of National Defense already introduced drones for surveillance operations,...
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Samsung Electronics Ranks 7th in Global Brand Value
Another RankingAccording to data published by Forbes on May 13 (local time), Apple ranked first in the top 100 companies’ brand value. Apple’s brand value reached US$145.3 billion (159.5103 trillion...
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Imported Car Executives Get Promoted When They Start Working in Korea
Stepping StoneExecutives of imported cars are working in Korea hit the ground running. It is not too much to say that they get promoted when they start working in Korea. This is largely due to the fact...
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Is Galaxy S6 Inferior to Galaxy S5?
Ancestor ComparisonSamsung Electronics' new flagship phone, the Galaxy S6, has been rated inferior to the Galaxy S5.According to Consumer Reports' latest smartphone rankings published on May 14, the...
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