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Volkswagen Scandal Sapping Korean Consumer Confidence in German Imports
AftermathThe expansion of Volkwagen’s gas emissions device rigging scandal is showing signs of undermining the position of German cars in the imported car market in Korea. Some even predict that import...
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KT Tops Dow Jones Sustainability Index Again
Sustainable ManagementKT Corp. (CEO Hwang Chang-kyu) came out as the highest-scoring firm worldwide in the telecommunication field at Dow Jones Sustainability Index (DJSI) World. It was also the...
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KF-X Fighter Program Faces Turning Point
Government ScrutinyCheong Wa Dae, or the Blue House, has decided to launch a full-scale investigation into the KF-X fighter project. There are growing concerns that the KF-X will not be completed by...
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Accounting Fraud Penalties to be Raised Steeply
Cracking DownThe Financial Services Commission is planning to submit an amendment to the Act on External Audit of Stock Companies to the Ministry of Government Legislation and the Regulatory Reform...
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Middle East Sovereign Wealth Funds Interested in Woori Bank
Middle East MoneyLess than one-third of the Korean government’s shares in Woori Bank are predicted to be purchased by multiple Middle East sovereign wealth funds early next year. At present, the Korean...
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Top 100 Korean Companies Had More than 100 Foreign Executives in H1
Outside LeadershipMarket research firm Korea CXO Institute announced on Sept. 28 that the top 100 non-financial listed companies in Korea with the largest annual sales had a total of 6,928 executive...
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'Korea’s IT Industry is Not a Growth Driver Any Longer'
Out of GasThe Hyundai Research Institute said on Sept. 29 that Korea’s IT manufacturing sector has shown a higher rate of decrease in industrial output than non-IT sectors since the third quarter of...
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Soul EV Beats Audi, Tesla Models in German Electric Car Market in Aug.
Electric CarsKia Motors’ Soul EV topped Germany's electric vehicle market in August.According to industry sources, Kia Motors sold 360 units of the Soul EV last month in Germany, outperforming the A3...
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iPhone 6S Has 2 GB of Samsung RAM
Thinking with the EnemyWith the sale of the iPhone 6S starting in the U.S., China, Japan, and elsewhere on Sept. 25, iFixit's teardown of the iPhone 6s that was acquired in Australia confirmed that...
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First Images of Galaxy Mega On Leaked
It's Mega OnPresumed images of the Galaxy Mega On, one of the Galaxy O series, Samsung Electronics’ new mid to low-priced lineup, were revealed.According to U.S.-based IT news site Phone Arena on Sept....
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Korean Financial Industry's Exposure to China Highest Globally
Financial VulnerabilityThe Korean financial industry’s exposure to China was found to be the highest in the world. Thus, it is concerned that a slump in the Chinese economy will have a negative impact...
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Increasing Value of DJSI Membership among Korean Companies
2015 DJSI ResultsThe Korea Productivity Center (KPC) announced the 2015 results of the annual Dow Jones Sustainability Indices (DJSI) On Sept. 10.Jointly managed by global financial information...
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Samsung Securities Recognized by DJSI World for 6 Years Straight
Winning StreakSamsung Securities (CEO Yoon Yong-am) has made it onto the 2015 Dow Jones Sustainability Index (DJSI). This is the sixth year for Samsung Securities to be listed in the DJSI World, and...
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Qualcomm, KISA Decide to Strengthen Cooperation in Nurturing IoT Small...
Internet of New ThingsThe Korea Internet & Security Agency (KISA) announced on Oct. 1 that it has decided to strengthen cooperation with Qualcomm, the world's largest mobile chipset maker, to...
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LG U+ Accelerates Efforts to Foster IoT Small Firms in Partnership with...
Internet of CompaniesLG U+ announced on Oct. 1 that it signed a Memorandum of Understanding (MOU) with Qualcomm to cooperate in the Internet of Things (IoT) field. Both companies have decided to select...
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3 Consortia Apply to Open Internet Banks
Kakao, KT, InterparkKT, Kakao, and Interpark will vie for the first new banking license in Korea in 23 years. The three consortia will run for up to two spots to receive preliminary approval to open...
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Korean Carmakers Fared Well Last Month
Local Auto MarketKorean automakers’ domestic sales increased by more than 15 percent in Sept., in spite of the fewer number of business days in the Korean thanksgiving, or Chuseok, holiday season,...
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Which Company is the Most Innovative IoT Company in the World?
Internet of Innovative ThingsWT VOX announced its ranking of the most innovative companies in the IoT industry on Oct. 1. Intel remained on the top of the list for two years in a row by recording...
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Korea’s Exports, Imports Declined Alike in September
In, Out, and DownThe Ministry of Trade, Industry & Energy announced on Oct. 1 that Korea’s exports and imports decreased 8.3 percent and 21.8 percent month-on-month to US$43.5 billion and US$34.6...
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Dividend Fund Yields Higher in Korea than Abroad
DividendsFund evaluator Zeroin said on Oct. 1 that 51 Korean dividend stock funds recorded an average one-year yield of 1.18 percent as of the preceding day, whereas that of the 40 foreign dividend...
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