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Things to Remember Concerning Travel Insurance
Good AdviceAn increasing number of Korean tourists are buying travel insurance for their vacations. More and more of them are finding their travel insurance policy on the official websites of insurers...
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Supplementary Budget Assigned to Smart Factory Construction
Smart Factories EverywhereThe Ministry of Strategy & Finance announced on Aug. 4 that it would execute its 4 billion won (US$3.4 million) supplementary budget for smart factory expansion earlier...
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Venture Firms Desperate for Second Chance
Another GoA large number of Korean firms that failed once are suffering from a lack of investment due to an immature venture financing ecosystem. However, the number of such firms is on the rise based...
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Lotte E&C Wins Kota Kasablanka Project Phase 2 in Indonesia
Commercial BuildingsLotte Engineering & Construction (President Kim Chi-hyun) signed a contract for the Kota Kasablanka Project Phase Two with Pakuwon Group in Jakarta, Indonesia, on Aug. 3 to...
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Missha Opens 15th Store in Ho Chi Minh
Invading VietnamAble C&C Co. (CEO Seo Young-Pil) announced on Aug. 1 that it has recently opened its 15th store in Ho Chi Minh City, Vietnam.The new store is located at Cach Mang Thang 8 St., which...
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Hyundai Engineering Ranks 26th in The Top 225 International Design Firms
Design ExcellenceHyundai Engineering (President Kim Wi-chul) has reconfirmed its position as the nation’s best engineering company this year once again. The company announced on Aug. 4 that it has...
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Daum Kakao's PLAIN Sees 180,000 Stories Created in 3 Month Beta Test
Mobile Blogging PlatformOn Aug. 3, Daum Kakao announced that it will showcase an official version of Plain, a mobile blogging platform that has only been beta tested until now.The Korean Internet...
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Korea to Lead Discussions on 6GHz Standardization for 5G Networks
Taking InitiativeKorea is actively seeking to take the initiative in discussions to standardize the 6GHz frequency band, in an effort to lead the 5G standard frequencies discussion. The nation is also...
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A Magical Shopping Event Starts Aug. 14
Korea Grand SaleThe Korea Grand Sale is going to be held for the purpose of restoring tourism and revitalizing the domestic economy. Scheduled to be held from Aug. 14 to Oct. 31, the event will give...
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Are Data-centered Phone Plans Win-win for Subscribers, Mobile Carriers?
Billing PriorityThose who changed their cell phone plans to data-centered ones are said to be less burdened by mobile phone rates, and their voice calls and data usage have reportedly increased. In...
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What Can Compete with Galaxy Note 5 in 2H?
Mobile CompetitionAs showcasing of the Galaxy Note 5 will start in a week, the smartphone market in the latter half of this year began to heat up. Fierce competition is expected, since Apple, LG...
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Choi Kyoung-hwan Says Wage Peak System Necessity, Not Choice
Policy NecessityChoi Kyoung-hwan, the deputy prime minister for economic affairs and the Minister of Strategy and Finance, has urged public institutions to introduce the wage peak system as soon as...
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Japan’s Investment Firm Behind Lotte Group
Lotte of SupportThe Fair Trade Commission (FTC) has set out to discover the ownership structure of Lotte’s overseas subsidiaries, which have a major stake in the Lotte Group. The commission has...
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More Korean Companies Now Want Chinese Capital
Chinese CapitalThe biggest reason why Chinese capital flows into the advanced information technology (IT) industry of Korea at a fast pace is that domestic venture and start-up companies are craving...
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SK Hynix Announces Expanded IP, Commercial Relationship with SanDisk
Continued Intellectual PartnershipSK Hynix (CEO Park Sung-wook) announced on Aug. 5 that it would expand a partnership with SanDisk, a U.S.-based supplier of flash memory solutions. The partnership...
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Paris Baguette Going Global
Global BreadSince pushing into the market of Shanghai in China in Sept. 2004, Paris Baguette, a South Korean bakery chain owned by the SPC Group, has opened a total of 184 stores in China, the U.S.,...
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Ssangyong E&C Wins Singapore’s BCA BIM Award
Building Information ModelingSsangyong Engineering & Construction (Chairman & CEO Kim Suk-joon), South Korea's leading builder of overseas advanced building construction, has also proved the...
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LG Teaming up with Google to Roll Out Android Pay
Payment ServicingLG Electronics is partnering with Google in launching Android Pay, a simple payment service associated with the Android camp. Despite its partnership with powerful Google, it still...
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LG U+ to Make US$2 Million Investment in Social Robot Maker Jibo
Helper BotOn Aug. 6, LG U+ announced that it bought an ownership stake in Boston-based Jibo for US$2 million.Since its establishment last Jan., the U.S. startup firm has been working to develop Jibo,...
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Authentication Certificates for PCs to Disappear in 2-3 Years
No More HasslesAn accredited certificate that uses PCs and USBs for storage will disappear as early as 2017 in order to reduce the leakage of personal information, malicious code infections, and losses...
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