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Hybrid Control Rod to Prevent Nuclear Accidents
Fukushima No MoreA safety device that can prevent another Fukushima nuclear disaster has been suggested. It is a hybrid control rod to halt and cool a nuclear power plant in the event of an accident....
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Increasing Number of Shipbuilder Payments Delayed
Cost of DelaysDaewoo Shipbuilding & Marine Engineering canceled a 703.4 billion won (US$590.5 million) contract for a drillship on Aug. 19 four months ahead of delivery, as the ordering party...
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High-quality Corporate Bonds Still Popular with Investors
Money RemainsCorporate bonds issued by leading Korean companies are still appealing to investors, although their sentiment has deteriorated as of late.According to industry sources, a total of 460...
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Korea Emerges as Mecca of 3T Trends
Trendy SeoulUntil now, global luxury fashion brands have focused on Japan and China for Asian fashion and beauty. However, they are recently beginning to acknowledge Korea as the trend maker, trend...
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Korean Automobile Industry Losing Efficiency
Competitive DisadvantageKorean automakers are paying more to their employees while showing a lower level of productivity in comparison to global market leaders such as Toyota and Volkswagen.According...
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Korea Federation of SMEs Discuss Establishing Patent Pool
Splash of LitigationThe Korea Federation of Small & Medium Enterprises (SMEs) held the second Electrical & Equipment Industry Committee meeting in the afternoon of Sept. 8 at its headquarters...
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Patent Sharing in Korea Making a Slow Progress
Stingy with PatentsThe Korean government’s plan to encourage large corporations to share their patent technology with smaller firms via regional Centers for Creative Economy & Innovation is getting...
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Daegu City Appoints Panel of Judges for Global Innovator Festa 2015
Festa 2015The Global Innovator Festa 2015, a competition for ICT-based ideas involving young people around the world, will be held at the Daegu Exhibition & Convention Center (Exco) in Daegu from...
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Gwangyang Bay Area FEZ Authority Develops Investment Promotion Activities in...
International InvestmentGwangyang Bay Area Free Economic Zone (GFEZ, Commissioner Kwon Oh-bong) announced that it is visiting Jinan and Shenyang, the provincial capitals of Shandong and Liaoning...
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National Information Society Agency Announces K-ICT Hyper-Connected...
Intelligence StrategyOn Sept. 9, the National Information Society Agency (NIA) announced its "K-ICT Hyper-Connected Intelligent Network Strategy" at an open forum as a core strategy in the network...
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Financial IT Services Emerge as Mainstream of Banks
New Financial FoundationAs fintech and Internet banks are having their time in the sun, financial IT services, which have been classified as a special area in the past, are now emerging as the...
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Financial Industry CEOs Return their Annual Salaries to Create New Jobs
Selfless ActIn a bid to create new jobs, chief executive officers at financial firms are sharing the burden. With the start with the CEOs of KB Financial Group, Shinhan Financial Group, and Hana...
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Intelligent Buildings Still Vulnerable to Cyber Intrusion
Another Door OpensSo-called smart buildings such as multi-purpose high-rise buildings and large shopping malls that run on information and communication technology for higher energy and management...
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CeBIT with B2B Focus Promises Concrete Business Results
d!conomyDeutsche Messe, a German exhibition company, in partnership with IPR Forum, a Korean marketing company specializing in conventions, hosted a press conference on CeBIT on Sept. 9 at the Park...
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Hyundai Motor, Hanwha, Shinsegae Groups Have Weakest Corporate Governance...
Unstable FoundationThe Hyundai Motor Group, the Hanwha Group, and the Shinsegae Group have the weakest corporate governance structures among Korea’s 30 largest business groups. Some claimed that unless...
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Korea’s Underground Economy Places 6th among OECD Member Countries
Underground Economics“Policies are urgently needed for the legalization of the underground economy,” said Representative Oh Je-se of the New Politics Alliance for Democracy, who belongs to the Planning...
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Chanel Kisses Incheon International Airport Good-Bye
Bad RomanceChanel has been loved by the people of Korea for a long time, even though it is a foreign brand.Despite that, Chanel's cosmetics were withdrawn from the duty-free shops of Incheon...
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Tesco Might Become Second Lone Star
Financial Invasion?All eyes are on how much taxes the British retailer Tesco Group will pay to the South Korean government after its profit of more than 5 trillion won (US$4.21 billion) with the sale...
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Set Your Projector 38 CM from Your Screen
LG MinibeamLG Electronics has revealed the LG MiniBeam PF1000U, called “Short Distance Focus,” which can project a very large screen from a very short distance.The company announced on Sept. 10 that it...
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Meet Kim Soo-hyun, Suzy, in Myeongdong at The Face Shop
Model SightingWith Korea Grand Sale, LG Household & Health Care will hold signing events for fans as its marketing strategy to target Chinese tourists, along with its brands’ global models, Kim...
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