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Importance of PEFs as Policy Funding Means on the Rise
Private Equity FundsThese days, private equity funds (PEFs) in Korea are increasingly utilized as a way of policy funding, because PEFs are highly market-friendly in attaining specific policy goals...
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Global Semiconductor Market Expected to Grow 5% This Year
Semiconductor SemigrowthMarket research firm IDC adjusted its global semiconductor market sales growth estimate for this year upward to 5%. The market is estimated to reach US$352 billion in size at...
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Foreigner-only Casinos Pay Big Commissions to Chinese Sales Agents
Good Racket“Chinese agents receive an excessively large amount of money in their commissions,” said Rep. Lee Sang-il of the Saenuri Party during a parliamentary inspection of the Ministry of Culture,...
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KOTRA Hosts Korea-Vietnam Day In Seoul to Maximize FTA Effects
Korea Vietnam PartnershipKOTRA announced on Sept. 15 that “Korea-Vietnam Day In Seoul 2015” held at the Lotte Hotel in Jamsil, Seoul on Sept. 14 ended in great success, attended by 17 Vietnamese...
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POSCO to Export Advanced FINEX Tech
FINEX ExportsAs POSCO has received approval from the government to export its FINEX technology abroad, it is expected to happen soon.According to government and steel industry sources on Sept. 15, the...
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Samsung Electronics Fails to Win Contract for Nvidia's Pascal GPU
No Samsung GPUNvidia has selected Taiwan Semiconductor Manufacturing Company (TSMC) as its next-gen GPU manufacturer. Previously, Samsung Electronics competed with TSMC to win a contract to produce the...
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Samsung to Actively Acquire Promising Start-ups
Seeking to DevourThe Samsung Group is preparing to enjoy the fruits of the creative economy in Daegu, its birthplace. With the Daegu Center for Creative Economy and Innovation starting to create...
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LG Display to Share Future Technology with Global Partners
Sharing is CaringLG Display has promised technical cooperation on OLED with its partner companies.On Sept. 15, LG Display held the 2015 LG Display Tech Forum, titled "New Opportunities and Challenges...
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Personally-used Company Cars to Face Crackdown
Perk LossIt has been found that 87.4 percent of the imported cars sold last year in Korea, each at a price of more than 200 million won (US$170,278) were registered for business use. Deputy Prime...
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New Samsung C&T Makes Good Start after Re-listing
New StartSamsung C&T was listed on the Korean stock exchange again on Sept. 15 after its merger with Cheil Industries. That day, it became a company with the fourth-largest market capitalization in...
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President Park to Visit US, Give Keynote at UN General Assembly Sept. 25-28
Presidential TripPresident Park Geun-hye will visit New York to attend the United Nations Development Summit and the 70th U.N. General Assembly from Sept. 25 to 28, Cheong Wa Dae announced on Sept....
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LG CNS Eying Uzbek IT Market for e-Government Solutions
Blue OceanLG CNS has established a joint venture with the MDITC of Uzbekistan in charge of developing and implementing information technology policies in an effort to spur its business in major Uzbek...
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Restrictive Local Regulatory Environment Forces Some Franchises to Leave for...
Bureaucratic BanishmentKorean food franchises are scrambling to expand their presence abroad. Stagnant domestic economic performance has prompted them to turn their attention to foreign markets for...
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Korea’s Labor Productivity Plummeting
Market IndicatorsThe Korea Institute for Industrial Economics & Trade (KIET) said on Sept. 16 that the labor productivity per employee of the Korean manufacturing industry edged up by just 0.5...
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Petrochemical Companies Opt to Work Together for Survival
Alliance of NecessityThe Korean petrochemical industry came up with a voluntary restructuring plan. According to it, Hanwha Chemical, Lotte Chemical, and Hyosung integrate their terephthalic acid (TPA)...
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Korean Manufacturing Firms Troubled with Tighter Greenhouse Gas Regulations
Environmental ThinkingKorea is subject to the strictest greenhouse gas regulations in the world. Some say that the Korean government is acting as a significant obstacle to the domestic manufacturing...
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U.S. and Korean 10-year Treasury Bond Yields Reversed
Long-term InvestmentAccording to industry sources, the 10-year U.S. treasury bond yield closed at 2.286 percent a year on Sept. 15. On the same day, the 10-year Korean treasury bond yield was 2.252...
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Korean Game Industry Showing Negative Growth
EntertainmentRuling Saenuri Party lawmaker Park Chang-shik, who is a member of the Education, Culture, Sports and Tourism Committee of the National Assembly, pointed out on Sept. 16 that the number of...
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Korea Promoting Its Culture in France
130th AnniversaryKorea and France will kick off their bilateral cultural event with artists and musicians performing Korea’s royal ritual music, Jongmyo Jeryeak, at the Théàtre National de Chaillot in...
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Korean T-50 Selected as Next Trainer over Chinese Model by Thailand
Military ExportsThailand selected Korea’s T-50 trainer as its next trainer jet aircraft. With this selection, Korea has defeated China in the overseas military hardware market for the first time. This...
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