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KCCA to Provide Support for Overseas Expansion of Small Mobile Gaming Companies
SME SupportOn Sept. 3, the Korea Creative Content Agency (KOCCA) announced that it would recruit companies who are willing to participate in its support project for mobile game localization by Sept....
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Private Equity Funds Adding Life to Economy
Private MoniesMBK Partners, one of the largest PEFs in Korea, was selected as the preferred bidder for Homeplus, beating global leading PEFs such as KKR and Carlyle. Homeplus is the second-largest SSM,...
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Import Beers Chipping Away at Domestic Beer Market Share
Beer WarsThanks to a growing preference for beers with thick and rich flavors among Koreans, import beers have nearly caught up with Korean beers this summer. According to BGF Retail, import beers...
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Paradise Hotel Busan offers Thanksgiving Holiday Package
Southern ComfortSept. brings us crisp autumn air, sights of colorful landscapes, and Chuseok, or the Thanksgiving holidays. Chuseok is a time when families and friends get together to share food and...
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FSC Will Allow Foreign Banks to Open Branches Faster
Relaxing RegulationsForeign banks will soon be able to apply for approval of their branches right away when they make a foray into the Korean market, the Financial Services Commission (FSC) said. The...
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Korean Medical Companies Sign 15 MOUs with Chinese Counterparts
Medical MOUKorean health and medical companies will be able to speed up their advancement into the Chinese market. They secured a bridgehead into the Chinese telemedicine market by inking agreements...
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Australian Wine Wins over Korean Aficionados
Grand TastingThe Australian Trade Commission and Wine Australia held the Australian Wine Grand Tasting 2015 at the JW Marriott in Seoul today. Fifty different brands from Australia showcased their...
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E-Land Group to Open 2 Korean Food Buffet Restaurants in Shanghai
Expanding Korea's ReachE-Land is to globalize traditional Korean dishes after completing a model of Korean food buffet restaurants in the nation.The group announced on Sept. 7 that it would open two...
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Hyundai Engineering Holds Event for Foreign Workers
Culture BuildingHyundai Engineering (HEC) announced that it held a quiz contest for its foreign workers at the main office building in Gye-dong, Seoul, on Sept. 4, in a bid to establish the global...
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STX Leading Domestic Development of LNG Bunkering Vessels
BunkeringSTX Offshore & Shipbuilding is speeding up the domestic development of LNG bunkering vessels, a new cash cow for the global shipping industry, in cooperation with Korean firms.The company...
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Samsung Taps into Arthritis Treatment Market Worth US$8.7 Billion
Biosimilar BiomarketAs the first biosimilar of Samsung Bioepis has received approval in Korea, Samsung Group’s bio business is expected to expand in earnest.Samsung announced on Sept. 7 that the...
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YouTube Targets Korean Mobile Video Ad Market
Online AdvertisingGlobal video platform YouTube is actively seeking to target the Korean mobile video ad market using its "selection and focusing" ad strategies. Naver is also scheduled to showcase an...
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Prospects Bright for Korean Semiconductor Equipment Market
Conductor EquipmentThe Korean semiconductor equipment market is expected to rank second in size this year, as leading players such as Samsung Electronics and SK Hynix are making an aggressive...
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ODM Gaining Popularity in Storage Market
Original DesignsThe ratio of original design manufacturing (ODM) is rising fast in the storage and server markets. Major data center operators are coping with the technical and cost limitations of...
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Measures for Growth of Fintech Industry Available Soon
Additional AidThe Creative Economy Initiative Public-Private Partnership is planning to come up with a fintech industry growth strategy at the end of this month, after three months of studies.The...
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Zambian Mission Sees First Delegation Head to Lusaka
Investment DelegationThe first team of Korean prospective investors in Zambia will land in Lusaka, Zambia on Sept. 8 (local time), the first to obtain visas since the Zambian Mission opened in late...
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Drop in China’s Imports May Hit Korean Economy Hard
Risky DependencyThe expansion of a forecast that the slowdown of Chinese economic growth may be more serious than expected parallels growing anxieties over its impact on the Korean economy. The Korean...
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Why Is Samsung Investing in 360º Cameras?
MysterySamsung Ventures has made a small-scale investment in Canada-based Bubl Technology, which is working on develop 360º cameras. The venture capital arm of Samsung Electronics led the efforts to...
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SK Introduces Smart Technology in Farming
Smart FarmAccording to an official from the creative economy innovation center in Sejong City on Sept. 9, 22 high-ranking government officials from Vietnam visited the city and tested a smart farm that...
View ArticleSemiconductor Market Sends Abnormal Signs
Market SignalsUnfavorable factors like the negative growth of the Chinese smartphone market and the declining PC market have led to growing oversupply in the global memory semiconductor...
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