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Line Forges Strategic Partnership with Locojoy to Raise Games-only Investment...
Game InvestmentOn Sept. 8, global mobile messaging platform Line announced that it forged a strategic partnership with Chinese game developer Locojoy to raise game-only invest funds through joint...
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Korea Teacher Pension to Inject 3 Trillion Won in Overseas, Alternative...
Gambling with Pensions“We are planning to raise the overseas and alternative investment ratio from 25 percent at the end of last year to 37 percent by 2017. In order to do so, we have divided the...
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Partly-functioning Mobile Payment Services Place Credit Card Firms in Quandary
Transition PainsThe introduction of various types of mobile payment services that can replace credit cards has ushered in the era of mobile payments. However, credit cards companies are in a quandary...
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1/3rd of Major Asian Enterprises Brought in IoT
Internet of All ThingsVodafone Korea released this year’s Vodafone M2M Barometer Report on September 10.According to it, one out of every three enterprises in Asia is adopting the Internet of Things...
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Korean Shipbuilders Divided in Dealing with Labor Disputes
Labor PainsKorean shipbuilders, each suffering from business losses of trillions of won these days, are drawing different pictures depending on the choices of their trade unions between progression and...
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Korean Research Team Develops Tech to Measure Density of Silver Nanomaterials
Tiny WorkOn Sept. 10, the Korea Institute of Machinery & Materials announced that one of its teams headed by Dr. Kim Deok-jong successfully developed a technology that can select and measure the...
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Cartier Struggles to Gain Ground in Men’s Watch Market
Watching Watch MarketCartier, a byword of luxurious jewelry and wedding watch, is feeling heavy with worries. This is because the luxurious Switzerland-made brand has become the most counterfeited...
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China Lures Korean Pilots with More Money
Appealing IncentivesAn increasing number of Korean pilots of Korean Air and Asiana Airlines have quit their jobs recently to join airlines in China. The reason is simple. Chinese airlines are paying...
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SK Hynix Listed on DJSI World for Six Consecutive Years
Proven SustainabilitySK Hynix (CEO Park Sung–wook) announced that it has been listed on the Dow Jones Sustainability Index World (DJSI) for six consecutive years on Sept. 11.Along with the Swiss...
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Coupang Setting up Logistics Center in Gwangju
Logistical ExpansionAfter signing a contract with Gimcheon in Aug., E-commerce Coupang (CEO, Kim Bum-suk) entered into an investment agreement with Gwangju Metropolitan City to build a logistics...
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Greatest Amount of Consumer Damage Inflicted by Lotte Duty Free Shop
Dereliction of DutyAmong domestic duty-free shops, the Lotte Duty-Free Shop came in first in terms of incurring consumer damages. A total of 81 consumer damaging events took place at four duty free...
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More Foreign Firms Eying Korean Legal Service Market
Legal HolesBig foreign law firms are rushing into the Korean legal service market prior to its complete opening in March 2017. According to the Ministry of Justice, Korea had 26 foreign law offices...
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CRC Maps Out Plan to Manage 3 PEFs
RestructuringA business blueprint was revealed by a corporate restructuring company (CRC) to be established in the middle of this Nov. According to the plan, the CRC will accumulate restructuring...
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Apple, Samsung Electronics Adopt Different Pricing Tactics
Eternal ConflictShinhan Investment Corporation said on Sept. 14 that Samsung Electronics’ smartphone shipments for this year are estimated to increase by 0.95 percent from a year earlier to 318 million...
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Chinese Airlines Dominate 80% of Flights from Jeju to China
Chinese InvasionAlthough the number of Chinese tourists who visit Jeju Island is skyrocketing, Chinese airlines dominate more than 80 percent of air flights from Jeju to China, according to recent...
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Hansol Paper Develops Tech to Use Transfer Paper for Nylon Fiber
Nylon for PolyesterHansol Paper has succeeded in developing transfer paper for nylon fiber.On Sept. 14, Hansol Paper announced that it successfully developed a technology that can use transfer paper...
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Samsung Targets B2B Market with Launch of IoT Access Point
Internet of Commodified ThingsOn Sept. 14, Samsung released the IoT Access Point that supports ZigBee, a global wireless standard to provide the foundation for the IoT, and Bluetooth low energy.Wi-Fi,...
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LG U+ Builds Smart Business Environment by Connecting Communications
Smart Business BusinessLG U+ showcased Biz Skype, a communications solution that helps small and medium-sized enterprises (SMEs) build an efficient business environment, in partnership with...
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Domestic Startups to Show Tech to Global Investors
Illustrating StrengthsThere will be a series of events in which domestic start-ups compete with other global start-ups, including Japan and Taiwan, in technology, while international investors are...
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Tech Developed for Immunotherapy to Treat Bronchial Asthma
Medical TreatmentA Korean research team has successfully developed immunotherapy to treat bronchial asthma and defined the mechanism for the treatment.On Sept. 14, the Ministry of Health and Welfare...
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