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LG World Leader in Consumer Durable & Apparel in DJSI
Dow Jones Sustainability IndexLG was once again named an industry leader in the Dow Jones Sustainability Index (DJSI)’s Consumer Durables and Apparel Industry Group, a coveted position shared with...
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Korea to Take Recall of Volkswagen Vehicles in the U.S. Seriously
Noncompliance InvestigationThe cat is out of the bag. The Volkwagen Group was ordered to recall about 500,000 vehicles after its failure to satisfy the gas emissions standards in the U.S. This is...
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Korean Shipbuilders Embarrassed by Delays of Drillship Deliveries
Awkward SituationDelays of drillship deliveries are putting Korean shipbuilders into the awkward blues. Samsung Heavy Industries had to reschedule delivering a drillship to its owner in the Oceania...
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'Exports of Intermediary Goods from Korea to China Did Not Decline'
Possible DevaluationJoo Hyung-hwan, South Korea's vice finance minister, said that Korea’s exports of intermediary goods to China has not declined at all, in spite of the recent slowdown of the Chinese...
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Korean Stock Market Still 'in the Mist'
Uncertain FuturesOn Sept. 21, the Korea Composite Stock Price Index (KOSPI) lost 1.57 percent from the previous session and closed at 1,964.68 points.Foreign investors dumped a quantity of stocks...
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Korea, China to Eliminate Technical Barriers to Trade with New Agreements
Closer TiesOn Sept. 21, the Ministry of Trade, Industry and Energy and the Korean Agency for Technology and Standards signed three agreements with the Chinese General Administration of Quality...
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Number of Labor Disputes Decline in Korea
Labor SatisfactionThe Ministry of Employment & Labor announced on Sept. 21 that 5,475 out of the 10,571 Korean firms with at least 100 employees completed their wage negotiations for this year...
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Sales of So-called OEM-based Import Cars Skyrocketing in Korea
Importing DomesticConcerns are rising that some automakers in Korea might become mere sales and marketing bases of their parent companies, as the domestic sales of domestic brands of cars are being...
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Investor of Video Game Developer Undergoes Investigation
Looking CloselyDoubts have risen over whether Value Invest Korea, which has decided to invest tens of billions of won into Blueside, a video game publisher and developer, has illegally gained...
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Nation’s Major Chaebol Reshuffle Staff because of Poor Performance
The Personnel ShuffleAs Samsung Electronics Vice Chairman Lee Jae-yong is involved in the management, the group is expected to carry out a business restructuring, mergers to strengthen the governance...
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Iranian Company Files ISD Lawsuit against Korean Gov't
Investor State DisputeAn ISD lawsuit is facing the Korean government for the third time. According to the Finance Committee on Sept. 22, Iranian electronics company Entekhab Group filed an...
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E-land-run Seorak Kensington Stars Hotel unveils Autumn Package Deal
Fall SavingsAs the season for fall foliage hiking approaches quickly, E-land-run Seorak Kensington Stars Hotel has launched its autumn package deals.Situated a 5-minute walk from Seorak Mountain...
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Air Force: 'Korea Will Be Able to Continue KF-X Project without 4 Core Techs...
Soldiering OnAir Force Chief of Staff Jung Gyeong-doo said that even though the U.S. may not provide four core technologies required for the development of the KF-X Korean fighter, Korea will be able...
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LG Electronics Increases Production of Solar PV Panels
Solar PowerDue to high global demand for solar products, LG Electronics is increasing production output. Despite the sluggish market conditions for years, the company has spared no cost in R&D, and...
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Foldable Galaxy, Cylindrical iPhone Might Bring Innovation in Industry
Innovative DesignsRollable smartphones and foldable smartphones with flexible displays are expected to appear soon.According to foreign press including Cut of Mac on Sept. 22, Apple is highly likely to...
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HP, Nokia, SAP Join Gov’t-led Global PPP
NewsPublic-Private PartnershipGlobal leading firms in the Internet of Things (IoT) sector, such as the Hewlett-Packard Company (HP), Nokia, and SAP, have joined the Korean government-led IoT Global...
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Korean Big 3 Mobile Carriers Raise 1.7 Trillion Won to Promote ICT Venture Firms
Venture PromotionKorea’s top three mobile carriers will raise 1.7 trillion won (US$1.44 billion) in the next nine years in a bid to support venture firms and start-ups in the information and...
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Fuel Economy War Heating Up between Hyundai, Toyota
Economic FuelAccording to industry sources, Toyota postponed the production of its new eco-friendly vehicle after hearing that Hyundai Motor Company’s hybrid-only vehicle, that has the project name of...
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Startups in Korea Still Struggling
Small and Medium EnterprisesThe Korean government declared three years ago that it would create a boom for startups. However, many in the field are still saying that the situation is the same as it was...
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Korean Plant, Information Security Firms Collaborate for Business...
Going OverseasOn Sept. 22, the Ministry of Science, ICT & Future Planning and the Ministry of Trade, Industry & Energy held a meeting with more than 30 plant builders and information security...
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