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10% of Top 500 Korean Firms are ‘Zombies’
Zombie Attack1 out of 10 Korean companies among the nation’s top 500 has an ailing financial structure to the extent that it is unable to repay even the interest on its debts with profits earned from...
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Samsung Takes Wait-and-see Attitude about Acquiring SanDisk
Blood in the WaterThere is fierce competition between global semiconductor companies to buy SanDisk, but Samsung Electronics is just keeping a close eye on the unfolding situation. In 2008, the Korean...
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Tech Developed for Nano Complex Film to Make 4X Efficient Organic Solar Cells
Nano Complex Solar CellsA Korean research team has succeeded in developing a technology for a new structure that can greatly improve the efficiency of organic solar cells, which are receiving a lot of...
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Negative Export Conditions Expected for Korea in Q4
Piling UpKOTRA released its export leading index for the fourth quarter of this year on Oct. 16. The index fell by 3.3 points from a quarter ago to 48.6, dipping below the reference value of 50 in two...
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Korean Won Appreciating Fast
Getting Rich Standing StillThe value of the Korean currency is on a rapid rise, as the Fed is not expected to raise interest rates within this year. As of Oct. 16, the won-dollar exchange rate closed...
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Korea, US Heading for Closer Economic Partnership
Still Best FriendsPresident Park Geun-hye and President Barack Obama had a summit meeting on Oct. 16 and adopted a joint statement for a closer Korea-U.S. alliance and discussion of Korea’s accession...
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New Plan on Low Fertility and Aging Society to be Finalized Next Month
Plan for the FutureThe Korean government will hold a public hearing on Oct. 19 for its “Third Basic Plan on Low Fertility and Aging Society” to cover the period of 2016 to 2020. The purpose of the plan...
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Danish Jewellery Box Opens for Koreans
Sparkling Denmark in SeoulSee 50 Years’ Worth of Crafted Danish Jewellery at SNU MOAThe Embassy of Denmark in Seoul and Seoul National University Museum of Art (MoA) jointly invites all art enthusiasts...
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Galaxy S7 to Have Enhanced Sound Quality
Always Another GenerationAccording to China-based IT news site MyDrivers on Oct. 18 (local time), the Galaxy S7 will feature the SABRE 9018AQ2M, which was released by ESS Technology early this year....
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Kia Motors Sets New Q3 Sales Record in Europe
Kia RecordKia Motors announced on Oct. 19 that it sold 95,102 cars in Europe in the third quarter of this year, to set a new Q3 record there.According to the European Automobile Manufacturers'...
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Hyundai-Kia Motors to Release Subcompact Hybrid EVs Next Year
Electric HybridsAs the public interest in eco-friendly vehicles has grown in the wake of Volkswagen’s diesel emissions and fuel economy cheating scandal, Hyundai Motor Co., South Korea’s top automaker,...
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Korea Recognized as One of Most Innovative Countries by OECD
Innovative RecognitionThe Organization for Economic Cooperation and Development (OECD) acknowledged South Korea as the most active country that pursues scientific and technological innovations.OECD...
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World Science Summit Openes in Daejeon
Scientific MeetingThe World Science Summit kicked off in Daejeon City on Oct. 19 with about 3,000 policymakers, scholars, and Nobel Prize winners from 57 countries around the world, as well as the...
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‘Accession to TPP Instead of Participation Will Bring Disadvantages’
Trans-Pacific ThreatIt has been found that the Korean government disregarded the advice of the Korea Institute for International Economic Policy (KIEP) in that the institute said that Korea’s accession...
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Tech Developed to Make 3D AI Semiconductors
Artificial Intelligence HardwareA Korean research team has succeeded in developing an original semiconductor technology that can function as a human brain by assembling a semiconductor with...
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Domestic Firms Seek to Occupy Iranian Market Worth US$160 Billion
Re-establishing RelationshipsIn preparation for the end of economic sanctions on Iran in the first half of next year, domestic firms are accelerating the local market invasion. This is because the...
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Embassy of South Africa Screens Movie in Seoul about Racial Issues
Cultural UnderstandingThe Embassy of South Africa and the Korean Culture Association held a screening ceremony for “SKIN” at the Seoul Museum of History on Oct. 15. About 150 spectators, mostly members...
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Financial Regulators to Check Internal Controls at Accounting Firms
Watching the WatchersThe Financial Supervisory Service (FSS) announced on Oct. 20 that it will conduct quality management supervision on 15 big and mid-sized accounting firms, including Samil...
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Mirae Asset Financial Group to Establish Foreign Corporations in Australia,...
Branching Out, UnderThe Mirae Asset Financial Group will establish a foreign subsidiary in Australia and the United States, setting to expand the global market. The group will also reorganize other...
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Innobiz Association Chairman Pledges to Expand Global Market Next Year
Innobiz Association Eyeing Foreign MarketsDuring a press conference held at the Korea Federation of Small and Medium Business building in Yeouido, Seoul, on Oct. 20, Innobiz Association Chairman Lee...
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