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83 Semiconductor Plants Closed Down between 2009 and Last Year
Semiconductor Drought?According to market research firm IC Insights, a total of 83 semiconductor manufacturing facilities were shut down around the world between 2009 and 2014, due to the collapse of...
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Korea Takes Initiative in 10X Faster 5G Mobile Telecommunications Services
Speed of Thought5G mobile telecommunications services that are at least 10 times faster than existing ones are expected to be available as early as 2020.The Ministry of Science, ICT and Future Planning...
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Hallyu Tourism Struggling after Just One Month, Despite 10 Years of Effort
MERS CurseThe spread of Middle East Respiratory Syndrome (MERS) has brought the Korean Wave to a standstill. Cultural events have been called off, and medical tourism has virtually stopped. The Sichuan...
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Gwangju Ready for MERS-free Universaide, It Says
No VirusAs the opening of Universiade Gwangju 2015 is only 15 days away, the Gwangju Universiade Organizing Committee (GUOC) and Gwangju Metropolitan City are trying to assure the public with safety...
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STX O&S Wins Deal to Build Six VLCCs from John Fredriksen
Tanker OrderSTX Offshore & Shipbuilding (O&S) announced that that oil tanker magnate John Fredriksen has recently ordered two Very Large Crude Carriers (VLCCs). The order comprises two firm...
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Amore Pacific Becomes Nation’s First Cosmetics Brand to Open Store in...
Third AvenueOn June 4 (local time), Amore Pacific opened a store on the first floor of the high-end department store Bloomingdale’s in New York, in where global cosmetics brands are located including...
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Nuclear Plant Decommissioning Techniques to be Developed by 2021
150 Billion WonThe Korean government is working on techniques and measures required for a safe decommissioning of the Gori Nuclear Power Plant Unit 1, which will be the first atomic power station in...
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EDCF-sponsored Expressway Opened in Vietnam
Viet DevelopmentOn June 20, Deputy Minister of Strategy & Finance Joo Hyung-hwan attended a ceremony for the partial opening of the Hanoi-Hai Phong Expressway in Vietnam.The Hanoi-Hai Phong...
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Global Software Industry Poised to Outweigh Hardware Sector Next Year
Digital PowerAccording to a recent report of the Institute for Information & Communications Technology, the number of hardware manufacturers, including those producing electronic components,...
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Chinese Government’s Protectionism Hindering Growth of Korean Mobile Messengers
Oriental InterferenceThe partial block of the Line and Kakao Talk mobile messengers in China since July 1 of last year is showing signs of extension, while Chinese game studios are taking advantage of...
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NetApp Failing to Break Through into Korea
External StorageAccording to industry sources, NetApp, the second-largest external storage manufacturer in the world, recently grouped its Korean branch with those in Taiwan, Hong Kong, and the ASEAN...
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Telemedicine Becoming Hot Issue in MERS-stricken Korea
Calling DoctorsThe spread of the Middle East respiratory syndrome coronavirus (MERS-CoV) is arousing controversy over telemedicine in Korea. The government temporarily allowed Samsung Medical Center...
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Insolvent Shipbuilders’ New Orders Not Welcomed
No Money no LikeConcerns are rising over Korean shipbuilders in restructuring programs and their creditors, as the former’s business conditions are unlikely to recover in spite of the latter’s...
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Korean Research Team Refines Resistive RAM Routine
1000x FasterKorean researchers developed a next-gen memory semiconductor device that is 1000 times faster in both read and write speeds than existing semiconductors. On June 21st, Prof. Hwang...
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LG UHD TVs Recommended by Netflix for Streaming Video Service
Goes Good TogetherAccording to industry sources and LG Electronics on June 22, Netflix threw its support behind LG's 13 UHD TVs, since those models are believed to work well with its streaming video...
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Korea’s Total National Debt at Critical Level
Debt CrossroadsThe Korea Economic Research Institute released a report warning against an increase in the national debt, while the Korean government is moving ahead with a revised supplementary budget...
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Advanced Drug Candidate Screening Method Developed in Korea
Cell MembranesPohang University of Science and Technology (POSTECH) professor Ryu Sung-ho announced on June 22 that his research team developed a technique for measuring the degree of bonding between a...
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Hyundai Motor Group Chairman Slips in Bloomberg Billionaires Index
Losing GripHyundai Motor Group chairman Chung Mong-koo ranked 334th in the Bloomberg Billionaires Index released on June 22.The chairman used to rank 170th to 200th until mid-September last year, when...
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IKEA Products More Expensive in Korea
Premium PriceThe average price of 126 sofas and storage closets available at IKEA’s official website in Korea is 522,717 won (US$473), 14.8 percent to 19.5 percent higher than those of the same...
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Estimates of LG Electronics’ Quarterly Profits Adjusted Downward
More RealisticSecurities companies are adjusting their Q2 profit estimates for the Mobile Communications (MC) Division of LG Electronics one after another, as the performance of the flagship handset G4...
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