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Korean Builders’ Overseas Construction Orders Decreased 32.1% Year-on-year
Feeling DownturnEven though the cumulative overseas construction orders of South Korean builders have exceeded US$700 billion (781.41 trillion won) 50 years since they first ventured abroad, recent...
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Qualcomm Invests US$90 Million in South Korean Start-ups
Rewarding InnovationQualcomm is investing US$90 million for start-ups in South Korea. On June 30, during an open luncheon meeting at the Seoul Grand Hyatt Hotel, Paul Jacobs, Qualcomm's Chairman of the...
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30 Global ‘Hidden Champion’ Candidates Selected to Get Government Support
World Class 300The Ministry of Trade, Industry & Energy (MOTIE) and the Small and Medium Business Administration (SMBA) said on June 30 that they have jointly selected 30 small and medium-sized...
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CJ, Gov't Help Young Artists with Cultural Content Creation
Entertainment DriverThe CJ Group is participating in the Center for Cultural Creative Convergence in order to develop the country’s cultural content industry, contributing to the economy.The Center for...
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Variables of ISS, NPS Ahead for Merger between Samsung C&T and Cheil Industries
Court RulingThe court has ruled in favor of Samsung C&T, not Elliot Management, in the first trial over its merger with Cheil Industries.Elliot Management claimed that the merger ratio of 1:0.35...
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Wage Peak in Effect in Half of Top 30 Business Groups
Get Older, Earn LessThe Ministry of Employment & Labor announced on July 1 that 177 out of the 378 companies associated with the top 30 business groups in Korea have started wage peaks, and the...
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Chinese Tourists Visit North Korea out of Nostalgia, Curiosity
Nostalgia ToursChinese tourists visiting North Korea do so mainly for curiosity and nostalgia for old Chinese farming towns during the Cultural Revolution, according to a recent survey conducted by a...
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Domestic Car Sales Showed Some Recovery Last Month
Covering Overseas DeclineThe Hyundai Motor Group, GM Korea, Ssangyong Motors, and Renault Samsung Motors sold 135,218 cars in the Korean market last month to record an 11.5 percent increase from a year...
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Hanwha Techwin’s Stock Rises 20% Two Days after Succession of Samsung Techwin
Synergistic MergerThe Hanwha Group completed its merger with Samsung Techwin and Samsung Thales, which were subsidiaries of the Samsung Group, on June 29.The Hanwha Group has now completed the complex...
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Doosan, Gyeongnam Innovation Center to Mesh Machinery with ICT
Public-Private PartnershipThe Center for Creative Economy and Innovation in Gyeongnam, which is led by the Doosan Group, has announced that they hosted a briefing on “Mechatronics and ICT technological...
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Samsung Display to Supply OLED Displays for Next Apple Watch
Frenemies ForeverTogether with LG Display, Samsung Display is expected to supply organic light-emitting diode (OLED) displays for Apple’s next-generation smart watch.LG Display has been the sole...
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LG Display Adds 40 Billion Won to Loan Program for Subcontractors
Creating OpportunityLG Display has created a 40 billion won (US$35 million) loan program to help its local partners boost competitiveness and lower their financial burden amid growing economic...
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Womam Makes, Wears LED Miniskirt
Innovative AttitudeA woman photographed wearing an LED skirt on the street is the talk of the Internet.Several images that were posted in image sharing site Imgur on June 27 show an Asian woman wearing...
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LG G4 Outperforms Galaxy S6, iPhone 6
Strong PedigreeThe G4 smartphone from LG Electronics ranks higher than its rivals' flagship phones in a performance evaluation by U.S.-based Consumer Reports.According to the non-profit organization,...
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SK Planet to Receive UHD Video Tech Royalties for 10 Years
Monetary RecognitionSK Planet announced on July 2 that its patent of High Efficiency Video Coding (HEVC) has been registered in the HEVC international standard patent sector of international patent...
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Elliott Management Charged with Spreading False Information
CounterstrikeElliott Management is losing trust due to its overreaching actions in the litigation against Samsung C&T and Cheil Industries.For example, Elliott Management committed a breach of...
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Korea Exchange Reorganized for Growth of KOSDAQ
Holding CompanyThe Financial Services Commission (FSC) announced on July 2 that a holding company structure would be adopted for the Korea Exchange (KRX), and the corporation would be reorganized into...
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Stock Firms Looking Forward to Gains from KRX IPO
Going PublicNew light is being shed on the equity value of the Korea Exchange (KRX) shares owned by Korean securities companies, which are the largest shareholders of the KRX, as the corporation is...
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Institutional Investment in Foreign Real Estate Funds on the Rise
Unprecedented MoveKorean institutional investors such as pension funds and insurers are increasing their investment in overseas real estate properties to an unprecedented level. As of the end of last...
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Federation of Korean Trade Unions Poised to Strike
Worker UnrestThe Federation of Korean Trade Unions (FKTU) has decided to go on a general strike. It announced on July 2 that 442,547 out of its 772,158 members participated in recent voting from June...
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