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Apple Comprises 92% of Operating Profits in Global Smartphone Market in Q1;...
Professional ProfiteerApple reportedly captured 92 percent of operating profits in the global smartphone market during the first quarter of this year, thanks to the huge popularity of the iPhone 6 and...
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Flexible Working Hours Available in Half of Top 30 Korean Conglomerates
New DawnThe Federation of Korean Industries (FKI) announced on July 13 that half of the top 30 business groups in Korea – Samsung, SK, LG, Lotte, POSCO, Hanwha, KT, Doosan, Shinsegae, CJ, LS, Daewoo...
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Daily Average Stock Trading Value Increased after Price Limit Adjustment
Encouraging SignsThe number of Korean stocks reaching their lower price limits has greatly decreased since the introduction of the new price limits of ?30 percent on June 15. Specifically, the number...
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Fitch Maintains Korea's Credit Rating at AA-
Maintaining RatingFitch has maintained Korea’s credit rating at AA- for the 34th consecutive month, while maintaining a credit outlook of stable. It mentioned that Korea has solid macroeconomic...
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Korea Importers Association Sends Economic Delegation to Thailand
Strong FriendshipThe Korea Importers Association (KOIMA) announced on July 13 that an economic delegation of about 200 people from 100 importers will visit Bangkok for four days from July 15 at the...
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Apple Sees Korean Smartphone Market Share Drop to Single Digits
Newtonian EpiphanyApple's share of the Korean smartphone market fell to the single digits for the first time after the introduction of the iPhone 6.According to market research firm ATLAS Research...
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Disproportionate Shareholder Voting Rights Issue Brought Up in National Assembly
Baked-in UnfairnessDisparate voting and stock purchase rights, two of the most well-known ways for the protection of management rights, are being debated in the National Assembly to keep foreign...
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'KF-X Project Could Come to a Dead End'
Experiment FailThe Korean Fighter Experimental (KF-X) project of the ROK Air Force could come to a deadlock without key technology transfers from the United States. However, the Defense Acquisition...
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Samsung, SK Hynix on Alert for China’s Possible Takeover of Micron
Imperial MoveAs the news broke that China will jump into the memory semiconductor business by taking over U.S.-based Micron Technology Inc., the fourth largest semiconductor manufacturer in the world,...
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Korean Gov't Overseas Resources Developments Incurring Significant Losses
Good Money After BadThe Board of Audit & Inspection announced on July 14 that the Korean government has invested 35.8 trillion won (US$31.3 billion) in 169 natural resources development projects...
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Korean Pharmaceutical Companies Complaining about Gov't Drug Price Control
Cost vs. PricePharmaceutical companies are complaining that the government’s policy for lower drug prices is making it difficult for them to recover their significant development costs.One of their...
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Creative Economy Centers Busy Raising Investment Funds
Money InflowMajor Korean corporations running regional creative economy centers have been striving to raise investment funds since the Samsung Daegu Center, which was established in Sept. last year as...
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Mobile Game App Users Decrease for 5 Consecutive Months
No More Mobile FunThe number of mobile game app users has decreased for the first time in the last two years. It clearly shows stagnation in the growth of the domestic mobile game market.According to...
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ETRI Leads Int'l Standards for Web-based Smart Cars
Governing BodyOn July 14, the Electronics and Telecommunications Research Institute (ETRI) announced that its research team was selected as an editor of the World Wide Web Consortium (W3C), an...
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High-level Halal Personnel to Meet for Heavy, Harmonious Discussions
2015 Halal ExpoKorea's first halal industry exhibition will take place at Hall C in COEX in Seoul from Aug. 7 to 9. A large number of high-level personnel from authoritative halal organizations will...
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Korea, China, Japan Mobile Carriers Compete to Lead 5G
Actively Seeking AlliesThe MWC Shanghai, which is emerging as Asia's largest mobile exhibition, started at the Shanghai New International Expo Centre (SNIEC) on July 15.A total of 116 ICT companies and...
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Daewoo Shipbuilding & Marine Engineering on Precipice
Losing MoneyDaewoo Shipbuilding & Marine Engineering is predicted to have recorded operating losses for the second consecutive quarter. The losses for the second quarter are estimated to be up to 3...
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HHI Joins Hands with Ulsan City to Invest 60 Billion Won for Offshore,...
Invest in FutureThe Ulsan Creative Economy Innovation Center is opening as a base to revive the shipbuilding and marine plant industry and promote the medical service industry in Ulsan.Hyundai Heavy...
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Korea Consumed 5th-largest Amount of Oil per Capita Last Year
Carbon ConsumptionKorea’s oil consumption per capita added up to 18.3 barrels last year, to rank fifth in the world. During the same period, Korea ranked sixth in oil refining capacity.According to...
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Li-Ion Battery Powerhouse Struggling in Wearables Market
Chinese WearablesThe Korean lithium-ion battery industry is dominating the global market, but the local wearable industry is outperformed by Chinese rivals. Korean companies' struggles are due to the...
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