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Smart Shopping with Transparent OLEDs
Shopping of the FutureSamsung Electronics will unveil a digital signage lineup that presents futuristic smart shopping styles during IFA 2015, which is scheduled to be held in Berlin, Germany from...
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Xiaomi to Enter into Korean Market
Chinese InvasionChinese smartphone producer Xiaomi, which has created a sensation in the global smartphone market, is officially entering the Korean market.According to industry sources on Aug. 27,...
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Freight Ferries to Operate Within This Year to Attract Foreign Investment
Open to China, JapanAs early as this year, container trucks carrying semiconductors and auto parts produced from free trade zones will be able to enter ports in Tianjin City and Shanxi, China and...
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K-REACH Regulations Dwindle Production of Domestic Firms
Stifling BureaucracyAccording to a recent survey, the regulation of Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), which strictly controls the registration and...
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Tesco Demands 1.3 Trillion Won in Dividends, Reminiscent of Lone Star
Grasping HandHomeplus may have to pay 1.3 trillion won (US$1.1 billion) in dividends to Tesco of the U.K. before it is sold off. So, controversy is brewing over whether or not Tesco will take money and...
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Guri City Brings Lotte, Meritz, Hana on Board World Design City Project
Further SupportThe city of Guri, Gyeonggi-do, (Mayor Park Young-soon) signed MOUs on Aug. 27 with Lotte Engineering & Construction Co. as a construction investor, and Meritz Investment Bank...
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Imported Cars See Higher Sales in Korea than Japan
Foreign PopularityAs sales of imported cars are higher in Korea than Japan in July and rapidly growing, Korea’s auto market is quickly being eaten into by global automakers. At the time when imported...
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Korea Sees Diminished Status as World’s #1 Battery Supplier and Manufacturer
Draining BatteriesKorea’s status as the world’s largest battery supplier and producer is being shaken. This is largely due to the fact that Chinese producers are rapidly growing, thanks to the world’s...
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LG to Sell Just 500 'Watch Urbane Luxe' for US$1,200 per Unit
Limited SalesLG Electronics will showcase a luxury smart watch worth US$1,200 (around 1.4 million won) and sell only 500 units. The smart watch has gone through 50 manufacturing process stages, is...
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Entertainment Industry Meets with ICT, Reborn as Culture Platform
Evolving ContentThe entertainment industry is evolving into new content platforms by combining with ICT.Korean entertainment giant iHQ announced that it will develop a content platform in earnest by...
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Intel Shaking Global Semiconductor Market
Replacing DRAMIntel, the world's largest semiconductor chip maker, is trying to shake up the order of the global memory semiconductor market, which is currently dominated by Samsung Electronics and SK...
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‘Delay in Labor Market Reform Will Cause Huge Labor Cost Burden’
Corporate ObjectionsFive economic organizations in Korea had a joint press conference on Aug. 31, claiming that corporate labor cost burdens will become excessive if labor market reform based on a...
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Korean Products’ Popularity Rising in Chinese Import Market
New Export MarketProducts exported from Korea to China have accounted for over 10 percent of the Chinese import market for the first time.According to the Korea International Trade Association’s report...
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Recovery of the Korean Economy Rather Hollow
Meaningless Growth?Statistics Korea announced on Aug. 31 that Korea’s total industrial output edged up by 0.5 percent month-on-month in July this year, while retail sales and capital investment...
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Korea-China FTA Ratification Bill Proposed by Ruling Party Alone
Free TradeThe Committee for Foreign Affairs & Unification of the National Assembly held a general meeting on Aug. 31 and laid out a Korea-China FTA ratification bill with no opposition lawmakers...
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Global Trade Shrunk in First Half of 2015
Bad Global NewsThe trade amounts of major economies around the world have dropped the most since the recent global financial crisis.The Institute for International Trade (IIT) of the Korea...
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Korean Construction Firms Expect to Benefit by Winning Asian Infrastructure...
Building AsiaThe domestic construction industry is busy as Jin Liqun, secretary general of the Multilateral Interim Secretariat of the Asian Infrastructure Investment Bank (AIIB), has decided to visit...
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Domestic Electronics Industry Relying on Handful of Manufacturers
Narrow BaseKorea’s electronics industry is heavily dependent upon a small number of companies, with 10 of them wielding a huge influence, and Samsung Group subsidiaries accounting for more than half of...
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Korean Database Solution Developers Cooperate with Chinese Universities
International DataThe Ministry of Science, ICT & Future Planning and the Korea Database Agency signed industry-academic cooperation agreements with seven colleges located in Shanghai on Sept. 1.The...
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Korean Gov't to Invest 2 Trillion Won into ICT Industry Next Year
ICT InjectionThe Korean government will make a 2 trillion won investment in 2016 to nurture the ICT industry and cultivate export markets.On Sept. 1, the Ministry of Science, ICT and Future Planning...
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