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LG Display to Invest 10 Trillion Won in OLED Business by 2018
Ending Game of ChickenLG Display has decided to invest more than 10 trillion won in the production of large flexible OLED panels by 2018. The decision signifies that its direction will switch from a...
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SK Planet Secures Int'l Standard in Biometric Authentication
Authentic BiometricOn Aug. 17, SK Planet announced that its biometric authentication solution passed an interoperability test by the Fast IDentity Online (FIDO) Alliance.The Korean company is going to...
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Mobile Banking Surges to Record Highs in Q2
Mobile MoneyDue to the popularization of mobile baking, the amount of financial transactions through a mobile device reached a record high in the second quarter of this year.The size of mobile banking...
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Localization Strategy of Genesis BBQ in China
Chinese GenesisGenesis BBQ is one of Korea’s leading culinary franchises spreading Korea’s culinary businesses and propagating Korean food culture around the globe. Genesis BBQ has, so far, signed...
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KOSPI-listed Companies Showed Negative Growth in H1
Samsung Drags KOSPI DownAccording to the Korea Exchange and the Korea Listed Companies Association, 628 KOSPI-listed companies’ sales for the first half of this year decreased 5.8 percent from a year...
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Korean Air to Build Korea's Version of Roppongi Hills
Culture-Tourism SynergyKorean Air will build a cultural complex, tentatively called the "K-Experience Contents Park," on a site previously used as the U.S. Embassy employees' residence, next to...
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Hyundai-Kia Motors Replace China Executives to Deal with Rapidly Changing Market
Planned ObsolescenceHyundai-Kia Motors has replaced three China executives after sales in the Chinese market recently plunged. The group is planning to strengthen its ability to deal with the...
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Products Produced in Gaeseong Industrial Complex to Tap into Chinese Market
Inter-Korea CooperationThe Gyeonggi Gaeseong Industrial Complex Business Cooperative Association is accelerating an entrance to the Chinese market. It announced on Aug. 17 that four of its delegates...
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South Korea’s Entrepreneurship Ranks 22nd Among OECD Countries
Global PlaceAccording to a report, South Korea's business mentality lags behind most members of the Organization for Economic Cooperation and Development (OECD), ranking 22nd out of the 34...
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KIDP to Hold Nation’s Largest Industrial Design Fair in Nov.
Design Korea 2015Design Korea 2015 (DK 2015), the nation’s largest industrial design fair sponsored by the Ministry of Trade, Industry and Energy and organized by the Korea Institute of Design...
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Nation’s Largest 3D Printing Industrial Fair to be Held in Nov.
3D Printing Korea 20153D Printing Korea 2015 will be held from Nov. 4 to 7 at COEX in Seoul. In the fair, visitors can view the trends in the 3D printing industry, which is considered to be a...
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Tech to Identify Defects of Next-gen Semiconductor Chips Transferred to Local...
Tech TransferOn Aug. 18, the Korea Basic Science Institute (KBSI) announced that it transferred a technology to the Hanmac Corporation that can identify the defects of next-gen semiconductor chips in...
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Samsung, SK Hynix Capture 81.51% of Global Mobile DRAM Market in Q2
Cornering DRAMThe share of the Korean semiconductor industry in the global mobile DRAM market surpassed 80 percent in the second quarter of this year, which is the highest percentage ever...
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Instagram Targets Korean Mobile Ad Market Backed by Hallyu
InstaHallyuSocial networking service Instagram is actively targeting the Korean mobile ad market.The Facebook-owned Instagram, which has 200 million global users per day as of April, is strengthening...
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Korea Showed Poor GDP Growth in Q2
Second Quarter DownThe pace of economic growth is slower in Korea than in many other countries lately. From April to June this year, the quarter-on-quarter economic growth rate of Korea was lower than...
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Korea’s Government Debt Unlikely to Drop for a While
Steady PaceDeputy Prime Minister Choi Kyung-hwan said on Aug. 19 that he sees a government debt-to-GDP ratio of 40 percent as an appropriate level, and the ratio cannot but increase for the time being,...
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Korea's Anti-trust Regulator Embarks on Investigation over Abuse of Mobile OS...
Monopoly in Aggregate?The Korea Fair Trade Commission (FTC) is going to investigate whether or not Google and Apple are abusing their monopolistic positions in the mobile operating system (OS) market....
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Disposal of IFC Likely to Cause Controversy
International Finance CenterAIG is speeding up the disposal of the International Finance Center (IFC) located in Yeouido. According to its contract with Seoul City, the five IFC buildings can be put up...
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KDB Gives Positive Consideration to Sell KDB Daewoo Securities to Overseas Firms
International BusinessKorea Development Bank (KDB) is giving positive consideration to sell KDB Daewoo Securities to overseas firms. Until now, the financial authorities and KDB have defined their...
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Number of Cars Recalled Has Doubled from Last Year
Defective AutosThe number of cars recalled in South Korea this year has already amounted to 850,000 units to date, reaching the total figure last year. According to data from the Transportation Safety...
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