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Spending on Venture Startups Reaches Record High
Capital OutflowThis year’s total investment spending on venture businesses is expected to be 1.5 trillion won (US$1.4 billion), as opposed to 2013’s 1.4 trillion won (US$1.3 billion), the highest-ever...
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Hyundai New Genesis Wins Best New Car of 2014
KAJA Car SelectionThe fourth annual poll by KAJA has given the Hyundai New Genesis 39.76 points, placing it at the top. The result reflects various factors, but mainly value, performance, comfort and...
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Google Chrome’s Korean Market Share Harmed by Credit Card Leak Scandal
Browser WarsThe largest-ever leak of the personal information of credit card holders has reportedly affected the market share of web browsers in Korea. According to data on web browsers for PCs...
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Korea Aims to Take Initiative in 5G
Extensive InvestmentThere is intense global competition to take the initiative in 5G networking, which is 100 times faster than 4G LTE. Korea is competing against global contenders to be the one ahead...
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Korea Ranks 14th in Total Amount of Global #1 Export Items
Global Export RankingsThe total amount of Korea’s export items holding top spots in world markets has reportedly been stagnant for several years, while the figure for China has been growing.According...
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Will DRAM Spot Price Exceed US$3?
DRAM PriceThe spot price of the 2Gb 1333 MHz DRAM chip, which has continued to rise since the first week of this year, is about to exceed US$3.DRAM eXchange reported on January 22 that the spot price...
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Depreciation Accounting of K-IFRS to Hinder Corporate Investment
Revised Accounting SystemIt has been pointed out that the depreciation accounting system of the Korean International Financial Reporting Standards (K-IFRS), which became effective starting this year,...
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Noble Spirit of Filial Piety Disappearing in Korea
Aging SocietyThe Washington Post reported that the heroes of the Miracle of the Han River are living in poverty, as younger Koreans are spending more and more on private education and luxury products....
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South Korea Makes “Best Countries for Business 2014” List by Bloomberg
Best Countries for BusinessKorea ranked 13th on the “Best Countries for Business 2014” of Bloomberg, published yesterday. Bloomberg reported that Korea recorded 75.3 points out of 100 last year to...
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KSFC Spends 2 Trillion Won to Aid Stock Firms
Securities RevitalizationThe Korea Securities Finance Corporation (KSFC) is revitalizing the securities industry by lending M&A funds to stock firms at a low interest rate and cutting its loan...
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ETRI Develops Smart Channel 3 Anti-phishing Technology for Smartphones
Anti-phishing TechThe Electronics and Telecommunications Research Institute (ETRI) announced on January 23 that it developed the Smart Channel 3 Technology, which provides anti-phishing and secure...
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Community Bank Making Interest off of Defense Cost Sharing
Defense Money MalpracticeIt has been found that the US bank where the defense cost of the US military forces in Korea is deposited is making use of it to earn interest. Under the circumstances, the...
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Korean Economy Reversed Trend, Grew 2.8% in 2013
Annual GrowthKorea recorded an economic growth rate of 2.8% last year, achieving a turnaround for the first time in three years. Still, the quarterly growth rate dipped below the 1% mark again and the...
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Hyundai Motor’s Profits Fell to 9.5%
Auto Business PerformanceHyundai Motor Company’s business profit rate fell to a single digit, showing negative growth for the first time in three years. This can be attributed to the global economic...
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Foreign Enterprises Lining Up to Enter Korean Stock Market
Foreign IPOsIt is expected that five or more foreign enterprises will be listed on the Korean stock market this year. The number stood at just one in 2013. According to financial industry sources, at...
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South Korea Named Most Innovative Country by Bloomberg
Most Innovative CountryAccording to Bloomberg’s rankings released on January 23, South Korea was the most innovative country this year, with a total score of 92.1. In 2013, the country ranked second,...
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Korea Eximbank to Provide Highest-ever Financial Assistance to Local Exporters
Export FinancingThe Export-Import Bank of Korea (Korea Eximbank) held a briefing on its core strategies during the first half of 2014 at the CCMM Building at Yeouido, Seoul on January 23. Korea...
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LG Display Records Decreased Sales but Increased Profits in Q4 2013
Display Biz PerformanceLG Display announced its performance results for the fourth quarter of last year on January 23.The sales figure for the final quarter of 2013 was 7.79 trillion won, up 7.6% from...
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Era of One Smartphone per Person Just Around the Corner in Korea
Smartphone Penetration RateWith the release of Apple’s first iPhone in November 2009, smartphones became popular in Korea. The dream of becoming a powerful nation in the mobile sector is becoming...
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Goldman Sachs Predicts Korea Will Lower Interest Rates
Controversial PredictionGoldman Sachs’ new report, titled Asia Economics Analyst Korea, predicts that the Bank of Korea (BOK) will lower its interest rate by about 0.25 percent in Q2 of this year when...
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