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Will Internet Banking Be Unavailable on Chrome?
Technical HurdleOn Sept. 1, the Financial Supervisory Service (FSS) announced that due to Google's decision to discontinue its support for Plug-in Application Programming Interface (NPAPI) on Chrome in...
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Fintech Companies' Overseas Expansion Gaining Momentum
Fintech InternationalThe nation's financial technology (fintech) companies are accelerating their moves to penetrate overseas markets. Crowdfunding platforms, which attract money regardless of national...
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Azerbaijan Day Celebrated at Gyeongju Silk Road Cultural Festival
Silk Road RenaissanceRepresentatives from Azerbaijan participated in the Gyeongju Silk Road Cultural Festival in Gyeongju, a culturally rich region in the southeast of Korea, on Aug. 22. In attendance...
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OCI Strengthening China Presence
Shining BrightlyOCI (CEO Lee Woo-hyun) is a global leader in the photovoltaic (PV) power generation Market. According to 2014 sales, OCI signed an Energy Management Contract (EMC) with Bridgestone...
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August Shows Largest Monthly Drop in Korean Exports in Six Years
Manufacturing SkyfallLast month, Korea’s exports dropped 15 percent year-on-year, the largest monthly drop since the financial crisis in 2009. While the domestic market is recovering from the aftermath...
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George Mason University Korea Hosts Career Day with Global Leaders
Directing CareersOn Aug. 27, George Mason University Korea (GMUK) held a Career Day for students at the campus Guest House with global leaders from a variety of different fields. Career Day is hosted...
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Indian Gov’t Asks HHI for Fleet Support Ships
Supporting the SupportThe Indian government keeps expressing very much interest in Hyundai Heavy Industries (HHI), drawing attention. India’s Prime Minister Narendra Modi visited only Hyundai’s Ulsan...
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South Korean-designed SMART Reactors to be Built in Saudi Arabia for First Time
SMART ChoiceSouth Korea’s efforts to export its domestically-designed small nuclear power reactors have borne fruit.The Ministry of Science, ICT, & Future Planning (MSIP) announced on Sept. 2 that...
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Wage Peak Adoption Rate Reaches Tipping Point in Major Conglomerates
Policy AdoptionThe Ministry of Employment & Labor announced on Sept. 2 that 212 out of the 378 subsidiaries of the 30 largest business groups in Korea have adopted a wage peak system as of the end...
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Samsung Medical Center to Make Large-scale Investment in its ICU
Facilities UpgradeThe Samsung Medical Center will overhaul its intensive care unit (ICU) system in order not to repeat the recent spread of the Middle East Respiratory Syndrome (MERS)...
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Naver, Daum Kakao Waging Mobile War
InfightingNaver and Daum Kakao, which have been leading the Korean Internet industry, are waging an all-out mobile war with each other. The war started when Daum Kakao decided to focus on...
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Artificial Intelligence-based Drones Become Daum Kakao's Future Growth Industry
Flying HighK Cube Ventures, in which Daum Kakao owns a 10 percent stake, is making an investment in promising venture firms involved in the Online To Offline (O2O) and Internet of Things (IoT) fields...
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Pharmaceuticals, Aircraft, and Parts industries Emerge as Promising Export...
Drugs and FlyingExperts are identifying the pharmaceuticals, aircraft, parts, and cosmetics industries as be promising export candidates by 2020.In a report called “Year 2020 Promising Export...
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China Gives Red Carpet Treatment to President Park
Belle of the BallSitting with Chinese President Xi Jinping, South Korean President Park Geun-hye attended the Victory Day event marking the 70th anniversary of the end of World War II in China on Sept....
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Mix of Digital Tools, Traditional Performances Spreading Korean Culture...
Raising Korean AwarenessBusiness Korea sat down with Park Young-kuk, the director of the Korean Culture and Information Service, to speak about his organization, programs that they have run, and the...
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MCST Implementing Plan for 20 Million Tourists to Korea
Tourist-friendly PoliciesKim Geun-ho is the director of the International Tourism Division at the Ministry of Culture, Sports and Tourism. Business Korea spoke with him during these days of decreased...
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SK Group to Strengthen Partnership with Taiwan’s Largest Firm, Formosa
SK and FormosaSK Group Chairman Chey Tae-won has established the foundation of the group’s major business areas, such as energy, chemicals and information communication technology (ICT), in Hong Kong...
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Indonesian Smartphone Makers Threatening Samsung in Emerging Markets
Market Leader ThreatenedLocal smartphone manufacturers in Indonesia are said to be sharply increasing their share of the local market, which is considered to be a representative emerging smartphone...
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‘Korea Is Only Asian Country to Compete with Hollywood’s Cultural Hegemony’
Hollywood CompetitionChung Jen Feng, vice president of Wanda Media, said at the 4th KOFIC Global Forum held in KCCI on Sept. 3 that Korea is the only Asian country that can compete with Hollywood’s...
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Korea Textile Industry Should Promote High Value-added Industrial Textiles
Industrial MarketThere have been claims that Korea’s textile industry needs to reorganize its industrial structure by promoting the high-value-added market, such as high performance textiles and...
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