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Korean Research Team Identifies Working Principle of Protein Capable of...
Immortality via Sir2A local research team has successfully identified the working principle of a protein that can control the aging process and prolong life.A research team headed by Professor Kim...
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Gov't to Inject 420 Billion Won to Invigorate IoT
300 IoT Start-upsThe Korean government has decided to invest 420 billion won (US$353.9 million) by 2019 in order to invigorate the smart device industry using the Internet of Things (IoT). It also...
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Samsung Showcases 3D V-NAND-based SSDs in 48-layer Stack
2,500 Megabytes per SecondWith competition for 3D V-NAND flash in the memory semiconductor market heating up, Samsung Electronics unveiled the 3rd-gen 3D V-NAND-based solid state drive (SSD), with a...
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Diesel Car Importers in Korea Worried about Volkswagen Scandal
NewsForeign car companies in Korea are paying great attention to the ongoing Volkswagen scandal and its repercussions.German brands that have enjoyed rapid growth in the Korean car market based on the...
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Hyundai Motor Group to Lead Expansion of Smart Factories
Smart LeadThe Hyundai Motor Group will expand its smart factories in cooperation with the Ministry of Trade, Industry & Energy. To this end, both organizations are planning to invest 23.5 billion...
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Orion’s Plants at Home, Abroad Receive Top Scores from AIB
Stamp of Baking ApprovalOrion announced on Sept. 22 that its 12 plants at home and abroad have received top scores in an inspection conducted by the American Institute of Baking (AIB), the food safety...
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Korean Gov't Begins to Look into Volkswagen Case
Unscheduled InspectionAmid the worldwide spread of the Volkswagen scandal on the manipulation of gas emissions devices in its diesel vehicles, the Korean government launched a special investigation...
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CJ CGV Opens 50th Theater in China
Chinese TheaterCJ CGV, South Korea's multi-screen cinema giant, announced that CGV opened its 50th theater in Foshan, Guangdong Province, China, a decade after it successfully entered the Chinese...
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In-depth Report - Daewoo International Jumps the Gun on Reporting PTA 'Supply...
Precounting ChickensEarlier this month, Daewoo International Corporation issued a press release claiming that it had secured a US$200 million supply contract with Thailand-based Indorama Ventures for...
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Kakao Changes CEO, Name to Highlight Corporate Identity as Leader in Mobile...
RebrandingSouth Korean mobile messaging services provider Kakao, formerly Daum Kakao, has resolved to become a leader in the mobile market with a new CEO and a new corporate name, one year after its...
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The Cherries of Wrath?
FTA WoesThe Korean government has claimed that tariff eliminations and cuts would lower the prices of import products, scaling up benefits to consumers whenever the government inked FTAs with major...
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Korean Insurers Can Join Lloyd’s Market
Market EntryA road has been paved for Korean insurers to join Lloyd’s market, the world’s first insurance cooperative in London. This is because the Financial Supervisory Commission (FSC) has decided...
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AEO MRA Expected to Widen Road to India for Korean Exporters
AEO MRAKorean exporters will secure an important foothold to the India market after Korea will sign an Authorized Economic Operator Mutual Recognition Agreement (AEO MRA) with India this Oct. Although...
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STX Offshore & Shipbuilding Obtains Contract for 4 Mid-size Oil Tankers
New Contract, FinallySTX Offshore & Shipbuilding added four LR1 mid-size oil tankers to its order backlog. These days, the company is enjoying a very high share in the market segment of 74,000-ton...
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Launch of Tizen Z3 Imminent
New Handset OSThe production of Samsung Electronics' second Tizen phone, has reportedly begun in earnest. There are signs that the Z3 will be released soon, as shown by the fact that the phone was...
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G5 with Snapdragon 820 Likely to Be LG's Next Premium Model
Premium SmartphoneAccording to US-based IT news site Phone Arena on Sept. 23 (local time), LG Electronics' next premium phone will be the G5, which will be scheduled to be introduced in the first half...
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KNOC Succeeds in Issuing Long-term Global Bonds
Better ReputationThe Korean National Oil Corporation (KNOC) issued 10-year global bonds worth US$600 million on Sept. 23 at a coupon rate of 3.25 percent.The bond issue constitutes the first global...
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Treasury Stock Purchases Becoming Increasingly Frequent in Korea
Treasury StocksThe amount of treasury stock purchases by companies listed on the Korean stock exchange has already exceeded last year’s total, with the means emerging as an effective method of...
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Competition Heating Up in Domestic Hedge Fund Market
Hedge HeatThe number of hedge fund firms in Korea is expected to increase from 21 to over 80 after the revision of the Financial Investment Services and Capital Markets Act in July, which lowered the...
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Boundaries between Industries Expected to Collapse in 2020 Due to IoT Diffusion
Internet of Converging ThingsThe boundaries between industries may collapse by 2020 due to Internet of Things (IoT) diffusion, which will lead to the dawn of the limitless competition age.As a speaker...
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