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More of Korea's Top 10 Conglomerate Subsidiaries in China than US
Global PresenceKorea’s top 10 conglomerates, or chaebol, have established 2,055 overseas subsidiaries in 91 countries, and 470 of them are located in China, accounting for 23 percent.The number of...
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CGV 4DX Thriving in US Market After 1 Year
Homegrown 4DHollywood, the center of the global film industry, has fallen in love with the charm of South Korea’s homegrown technology, 4DX.CJ 4DPlex, a subsidiary of CJ CGV, has announced that...
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Overnight Marathon Talks on Minimum Wage End in Failure
8,100 vs. 5,715 WonEven though labor and management held a 15-hour marathon talk all night, they failed to setting a minimum wage for next year.The Minimum Wage Council tried to locate a point of...
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Korean Budget Carrier to Launch Incheon-Hawaii Service
Budget ParadiseJin Air Co., the budget carrier of Korean Airlines, said on July 8 that it will open an Incheon-Hawaii route later this year.Jin Air said that Incheon-Honolulu service will start from...
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'1600 Panda +' Exhibition, Appealing for Wild Animal Protection, in Seoul
Paper PandaSouth Korean Lotte Corporation is hosting the “1600 Panda +” exhibition, appealing for wild animal protection, in the Lotte World Mall in Seoul, the company said on July 8.Choi Won-seok, a...
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Most Korean Companies Looking Forward to Amicable Settlement of Wage...
Eternal Tug-of-WarThe Korea Chamber of Commerce & Industry (KCCI) announced on July 8 that 84 percent of respondents to its recent survey said that they would be able to come to a voluntary...
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FDI in Korea Showed Recovery Last Quarter
Second-highest EverThe quarterly foreign direct investment (FDI) in Korea reached the second-highest level in history in the second quarter of this year. Nevertheless, the FDI for the first half of...
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Korean Gov't R&D Investment Up 4.3% Last Year
Deep InvestmentAccording to the numbers, the investments of South Korean government last year amounted to 17.64 trillion won (US$15.52 billion). The figure was up 4.3 percent from 16.91 trillion won...
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Major Korea Shipbuilders Working Hard to Beat Recession
Sometimes CooperationSamsung Heavy Industries, Hyundai Heavy Industries, and Daewoo Shipbuilding & Marine Engineering are striving for cost reduction and business optimization based on new...
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Korea Facing Demographic Onus
From Bonus to...Korea is predicted by 2060 to rank 199th among 201 countries in the number of working age (15 to 64) citizens. At the same time, the ratio of those aged 65 or older to the entire...
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Korea Leading International Standardization for Green Data Centers
Green KnowledgeFour data center efficiency enhancement models proposed by Korea were discussed at the ISO/IEC JTC1 SC39 meeting held in France on June 22. Final approvals are around the corner for...
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Home Becomes Smart Environment Using IoT
Remote Control HouseFurniture and building materials companies have started to actively respond to the era of the Internet of Things (IoT) by integrating ICT into their products.According to industry...
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5 Korean Startups Win 3-month Stay in Berlin from Apora Ventures
Global OpportunityO n the evening of June 25, a group of young Korean entrepreneurs jumped into the air and shouted in victory at the event room of Google's Campus Seoul, where “BETAPITCH | SEOUL” had...
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KBLA Seminar Spotlights Key Big Data Privacy Issues
Context, Brokers, LinkabilityOn June 16, the Korea Business Leaders Alliance hosted a lunch seminar on the topic of “Big Data, Surveillance, and Privacy” at the Hyatt Hotel. The presenter was Rodney...
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KT&G Rolls Out Tonino Lamborghini Icevolt GT
Smooth Flavored TobaccoKT&G (President Min Young-jin) is rolling out the Tonino Lamborghini Icevolt GT, which boasts the best cool and fresh flavor yet to be seen in the domestic market.“Tonino...
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Green Cross Starts Clinical Trials on New Drug ‘Hepabig-gene’
Liver TreatmentGreen Cross, a South Korean biopharmaceutical company, announced on July 9 that its phase I clinical trial plan of “Hepabig-gene” to extend the indications for treatment of the chronic...
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Nautilus Hyosung’s Manufacturing Facilities in China Put into Operation
Increased ATM DemandNautilus Hyosung, the Hyosung Group’s arm manufacturing ATMs, recently put its manufacturing facilities in Haizhu, China into operation. The annual capacity of the 25,000 m2-wide...
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DGFEZ Authority Takes First Step to Attract Georgetown University to Daegu
MOU SignedDaegu Gyeongbuk Free Economic Zone Authority (DGFEZ Authority, Commissioner Do Gun-woo) announced on July 9 that it has signed a memorandum of understanding (MOU) at Georgetown University in...
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BJFEZ Authority Actively Attracts Investment
Theme Park DevelopmentBusan Jinhae Free Economic Zone Authority (BJFEZ Authority) Commissioner Heo Seong-gon is making every effort to directly attract investment in a bid to improve investment...
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Incheon Airport Transfers Operational Expertise to Indonesia
Airline ExpertsIncheon International Airport Corporation (IIAC) announced on July 9 that it has been named as a preferred bidder for a development consulting project of commercial facilities at the...
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