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Korean Enterprises Failing to Penetrate Chinese Consumer Market
Impenetrable MarketThe Korean government and Korean companies are slow to make use of the Chinese consumer market, which is the second-largest in the world worth approximately US$6 trillion.The number...
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Will US Transfer Fighter Jet Tech to Korea?
Will They Won't They?Korea is trying to persuade the United States to lift the ban on the transfer of four key technologies relating to the Korean Fighter Experimental (KF-X) program. Minister of...
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Corporate Lending Limit to be Extended for Major Securities Companies
Secure LendingOn Oct. 14, the Financial Services Commission unveiled a plan for assisting in the business of securities firms in the field of corporate financing.According to the plan, the credit limit...
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Sanofi Pasteur Korea, Seoul Gov't, to Give Free Flu Shots to Homeless This Month
Seven Organization OutreachSanofi Pasteur, the vaccines division of the Sanofi Group, is supporting a free influenza vaccination event in cooperation with the Seoul Metropolitan Government for about a...
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Korea Needs to Foster International Lawsuit Specialists to Tackle ISD Cases
International LawLast month, Mohammed Diyani, the owner of Entekhab, an Iranian home electronics company, filed an ISD lawsuit against the Korean government. So now, the Korean government is involved...
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Positive Implications of Wage Peak System in Korea
LG CaseDespite the political stigma and negative connotations associated with the wage peak system in Korea, some major Korean companies report positive effects from adopting the system.The wage peak...
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Foldable Displays Will Be Watershed Moment in Smartphone History
Foldable WatershedThe race is getting hotter among smartphone companies to develop foldable phones, as the world smartphone market seems to reach its technological limits. In terms of foldable OLED...
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‘Telecommunication Companies Taking Lead in Smart Home Markets at Home and...
KT ReportThe KT Economic Management Institute released a report titled “Home IoT of Telecommunication Companies that Takes the Lead in Smart Homes” on Oct. 15. According to the report, smart homes that...
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Korean Food Foundation Participates in 2015 New York City Wine & Food Festival
Big Apple Wining and DiningThe Ministry of Agriculture, Food and Rural Affairs (Minister Lee Dong-phil) and Korean Food Foundation (Chairman Kang Min-su) announced that the foundation will participate...
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Doosan Engine Succeeds in Test Run of Eco-friendly Low Temperature SCR Marine...
Eco-friendly ShipsDoosan Engine announced that it successfully completed an official test drive of the first marine engine with the company’s self-developed low-temperature selective catalytic...
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DSME Expected to Show 1 Trillion Won Loss in Q3
Red Balance SheetDaewoo Shipbuilding & Marine Engineering (DSME) is expected to mark a 1 trillion won (US$ 887.31 million) deficit in the third quarter again, after the second quarter.According to...
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Lotte Chemical CEO Denies Rumors of Selling PTA Business to Hanwha
No SaleIn response to the government ordering restructuring in the petrochemical industry, Huh Soo-young, chairman of the Korea Petrochemical Industry Association and CEO of Lotte Chemical, said, “The...
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BOK Expects US$110 Billion in Current Account Surplus This Year, US$93...
Surplus MoniesThis year’s current account surplus is expected to stand at US$110 billion (123.97 trillion won), the highest of all time. The figure is about 7.6 percent of the gross domestic product...
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Will Intel Shake Samsung's Non-memory Business?
Competition within iPhonesWith Intel rapidly strengthening its foundry business, Samsung Electronics and TSMC appear to become more nervous. Experts in the semiconductor industry are confident that...
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SKT, KT Internationally Recognized for Wi-Fi Network Tech
World Wi-Fi WunderkindKT and SKT were both recently recognized internationally for their Wi-Fi network technology.KT announced on Oct. 15 that KT Wiz Park was selected by the San Jose Wi-Fi Global...
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LG CNS Finalizes Construction of World's Largest Waterborne Solar Power Plants
Waterborne PowerLG CNS announced on Oct. 15 that it finished the construction of two biggest waterborne solar power plants that can generate 3 MW of power in reservoirs in Sang ju, North Gyeongsang...
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3 Local Mobile Carriers to Postpone Advance Sales of iPhone 6S, 6S+
Waiting on What?SK Telecom, KT, and LG U+ have decided to delay pre-orders for the iPhone 6S and 6S+.At first, the three mobile carriers were planning to begin taking pre-orders for Apple's latest...
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NCSOFT, Nexon Divorce after Whirlwind 4 Years
Bad RomanceNexon put an end to its four-year-long romance with NCSOFT by selling off its equity (15.08 percent) in the company. Nexon announced that they sold them off via a block deal. Kim Taek-jin,...
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Pay Special Attention to IMAX, 4DX Theaters to Enjoy ‘The Martian’
4D MarsAs the Hollywood blockbuster “The Martian” hits the cinemas in Oct., the most important point for moviegoers is what movie theaters they should go to to enjoy the movie the most. Accordingly,...
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Pantech’s Revival to Depend on IoT, Indonesian Market
Corporate ResurrectionPantech is being given a second chance at financial survival after being bought by a local tech consortium.In a meeting of representatives from creditors and Pantech on Oct. 16,...
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