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Korean Research Team Develops Tech to Reduce Cell Tower Blind Spots
Signal PenetrationThe Electronics and Telecommunications Research Institute (ETRI) announced on June 22 that it has succeeded in developing the core software and basic technology to make small cells,...
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Renowned Korean Novelist Admits Plagiarism
Difficult DecisionRenowned Korean novelist Shin Kyung-sook has admitted she “partly” plagiarized the Korean translation of a Japanese short story. She made a public apology Tuesday. Shin is best known...
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LG U+ to Break Internet Speed Limits
Introducing 2GIGALG U+ said that it will commercialize “GIGA multi pass,” which provides up to 1.17 Gbps of speed, by combining LTE and Wi-Fi. The company also plans to double the speed this year, so...
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George Mason University Brings Steven Lee into Mason Korea Presidential Office
Passing TorchGeorge Mason University announced today that it has named Steven K. Lee the new president of its Mason Korea campus.Mason Korea is a key part of the university’s effort to create a truly...
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Hyundai Starts Company’s 5th Plant in China amid Slowing Economy
Invest ChinaHyundai Motor Co. began constructing its fifth factory in China to meet the future demand for compact cars in the world’s largest auto market.Hyundai, which already started building its...
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Samsung Heir Apologizes for Bungled Handling of MERS at Samsung Hospital
AcknowledgementLee Jae-yong, Samsung Electronics' vice chairman and heir apparent of the Samsung Group, apologized on June 22 for the failure of the group's affiliated hospital Samsung Medical Center...
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LG Teams Up with Google for Digital Marketing of OLED TVs
AllianceLG Electronics is set to launch a joint marketing program with Google to foster its organic light emitting diode (OLED) TV business in the global market.LG announced on June 23 that it had a...
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Korail Exports Second-hand Diesel Locomotives to Pakistan
Trains EverywhereThe Korea Railroad Corporation (Korail) announced on June 23 that it has successfully completed a contract with the Pakistani National Logistics Cell (NLC), which was signed in July...
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West Africa’s Largest Power Plant Returns to Normal Operation after 9 Years
KOWEPO ContributionKorea Western Power (KOWEPO) announced on June 23 that Egbin Thermal Power Plant Unit 5, which is located in Lagos, Nigeria, has started normal operations after an overhaul.The Egbin...
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DSME May Become World #1 in Winning Orders
Raking it InDaewoo Shipbuilding & Marine Engineering (DSME) could become the world’s number one in terms of the number of orders awarded. The company has already ranked first in terms of an...
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Integrated Corporation of SK Holdings, SK C&C Launching Soon
MergingSK Holdings and SK C&C will hold a general shareholders’ meeting on June 26 and decide whether or not they will grant permission for the merger in order to start as an integrated...
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Fierce Competition between Samsung Electronics and Intel in SSD Market
Solid State FightSamsung Electronics and Intel are fiercely competing in the market of solid state drives (SSDs), which are an essential component of modern laptops and desktop computers.According to...
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Qualcomm, Intel Try to Keep Samsung in Check via Chinese Chip Manufacturers
Reaching OutA growing number of global enterprises are apparently trying to check the influence of the Korean semiconductor industry by supporting Chinese companies.According to major overseas media...
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Mando Hires German Brake System Expert to Strengthen R&D in Europe
Josef KnechtgesThe Mando Corporation has employed foreign professionals in the auto parts sector to strengthen its R&D ability.The company announced on June 24 that it has recently scouted Josef...
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Hyundai Accent Becomes Most Exported Car Model
Popular OverseasHyundai Motor Co.'s Accent subcompact is the best-selling export model among domestically-produced cars.According to the “Auto Industry Trend Report” published by the Korea Automobile...
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Korean Gov't Decides to Inject 300 Billion Won of Tax Money into Korea EximBank
Financial StrugglesThe Korean government decided to inject 300 billion won (US$270.68 million) of taxpayer money to support the Export-Import Bank of Korea (Korea EximBank), which currently struggles...
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Danal to Establish Internet Bank
Fintech BirthThe global mobile payment company Danal announced on June 24 that it will found an Internet bank.The company, Korea’s first fintech company, has led the mobile payment business, which is a...
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Shinhan Card Makes Mobile Payment Apps Available on Smart Watches
Watch PayAccording to sources in the financial industry on June 24, Shinhan Card has recently made it possible to use its mobile payment apps on smart watches, including the Shinhan app card, Shinhan...
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Korean Gov't to Invest 100 Billion Won in IoT Testbed Projects
Internet of Gov't ThingsThe Ministry of Science, ICT and Future Planning (MSIP) has decided to pursue testbed projects in the category of the Internet of Things (IoT) with a more than 100 billion won...
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Monetary Stabilization Bonds Posing Mounting Financial Risk
190 Trillion DebtUntil recently, the possibility of an interest rate hike in the United States was expected to lead to two problems, one being capital outflow due to a narrower gap in the interest rate...
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