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CJ Cheil Jedang Starts Full-Fledged Operation of L-methionine Plant
Malaysia ChemicalsCheil Jedang has started full-fledged production of L-methionine plant. Earlier, the company and France-based Arkema jointly invested to construct the plant in Malaysia, which can...
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Korea’s Real GDP Growth Rate Remained below 1% for Fourth Consecutive Quarter
Low GrowthThe Bank of Korea announced on June 4 that Korea’s real GDP is estimated to have increased by 0.8 percent quarter on quarter in the first quarter of this year.The real GDP growth rate had...
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Korean Companies to Build Hospitals in Iran
Medical ConstructionA consortium of Korean organizations including a builder, a medical equipment supplier, a university hospital and the like is expected to launch a large-scale general hospital...
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Sales of Imported Cars Recovered Last Month
Rolling EuroThe Korea Automobile Importers & Distributors Association announced on June 4 that a total of 18,386 imported cars were newly registered in Korea last month to show a 1.0 percent...
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Korea, Middle East to Build Cooperative System for Cyber Security
Digital Silk RoadThe Korean government will help local information security companies enter the Middle East by building cooperative networks with major four countries in the Middle East.The Ministry of...
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Mobile Gaming Industry Waging Platform War
National PerformanceAmong 1,600 mobile games that were released last year, only 8 mobile games reportedly entered the top 20 in the app market sales rankings, which is considered to have some business...
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Elliott Management Stops Samsung C&T, Cheil Industries Merger
Outside InterferenceElliott Management said on June 4 that it obtained 7.12 percent of Samsung C&T, and now various scenarios about the hedge fund’s intention are being discussed.At present, the...
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American Hedge Fund Elliot Files Injunction against Samsung C&T Merger
InterferenceThe American hedge fund Elliott Management filed a court injunction to stop the merger between Samsung C&T and Cheil Industries Co. Some say that the company is trying to maufacture...
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Samsung SDI Unveils All-in-One Home ESS, Targeting Europe’s Solar Market
Energy StorageSamsung SDI announced on June 9 that it will showcase their latest energy storage system (ESS) products at the Intersolar 2015, the largest solar and ESS exhibition in the world, being...
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POSCO Named World’s Most Competitive Steelmaker for 6 Straight Years
Steelmaker RankingsPOSCO has been named the world’s most competitive steelmaker again this year.Global steel information service provider World Steel Dynamics (WSD) announced the World-Class Steelmaker...
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Household Debt Surges by 10 Trillion Won in One Month
Mostly MortgagesAccording to depository financial institutions, household debt surged by more than 10 trillion won (US$8.93 billion) in a month.The Bank of Korea announced on June 9 that household debt...
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Free Wireless Internet Access Can Infect Smartphones with Malware
Mobile MalwareUsers are required to pay special attention to password-free Wi-Fi access, since their smartphones can be infected with mobile malware.According to the Korea Internet & Security...
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Samsung to Make Investment in U.S. Smart Car Company
US InvestmentThe Samsung Group has entered a smart car business, which is cited as a promising future growth market, preparing to compete with global companies like Apple and Google.According to Forbes...
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Are Foreign Investors Betting on a Benchmark Rate Cut?
Bond PatternThe Financial Supervisory Service announced on June 9 that foreign investors recorded a net going-public bond investment of 3.197 trillion won (US$2.850 billion) last month, when their net...
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China Obtains de Facto Veto Power in AIIB
Controlling InterestAccording to the articles of association of the Asian Infrastructure Investment Bank (AIIB), China is expected to have a 27 to 30 percent share in the AIIB, by shouldering 29.78...
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Major Asset Management Firms Quickly Adapting to Value-stock Fund Market
High ReturnsThe value-stock funds managed by four major Korean asset management companies – Samsung Asset Management, Mirae Asset Global Investments, Korea Investment Management, and KB Asset...
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K-OTC BB Failing to Meet Its Intended Purpose
Curb MarketIt has been found that 88 out of the 196 stocks traded in the Korea Over-the-Counter Bulletin Board (K-OTC BB) were delisted stocks as of June 9. Launched on April 27, the K-OTC BB is a curb...
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SM3 Becomes Main Contributor to Export Increase in Renault Samsung Cars
OutgoingAs the second generation model of the SM3, which was released by Renault Samsung in 2009, sees a continuous increase in exports, it is having a positive effect on the better performance of the...
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SKT Presents Blueprint for 5G Network at ITU-T Focus Group Meeting
Mission CriticalSK Telecom presented a direction toward the evolution of 5G networks and the blueprint at a meeting of ITU-T's Focus Group, aimed at analyzing the network standardization requirements...
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Galaxy S6, G4 Contribute to 61% Increase in Smartphone Exports
Shipping HitsSmartphones have reemerged as the top contributor to a surge in Korea's ITC exports. After struggling in the 8th consecutive month from Sep. last year, smartphone exports totaled US$1.22...
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