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Korea’s Electronic Parts Industry Likely to See Dismal Q4 Performance
Parts UnneededDue to unfavorable factors such as a sharp decline in both parts prices and exchange rates, Korea’s semiconductor and display industries, the nation’s major export businesses, are facing...
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China’s Tsinghua Unigroup to Take Over SanDisk through Western Digital
Fate DecidedThere have been visible signs of China entering the memory semiconductor industry. Chinese state-owned corporation, Tsinghua Unigroup, became a major shareholder in Western Digital, a hard...
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Samsung Group Accumulating Cash for Proactive Crisis Management
Preparing for CrisisThe Samsung Group is planning to sell a number of buildings of Samsung Life Insurance, including its main office building located in Jung-gu, Seoul. The total price is estimated at...
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Korean Banks to Offer US$5 Billion Refund Guarantee to Shore Up DSME
No-risk TransactionsMultiple financial institutions are planning to provide a refund guarantee of US$5 billion in order to help Daewoo Shipbuilding & Marine Engineering obtain new shipbuilding...
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Mid-price Smartphones Disappearing from Korean Market
Android, iPhone DivergenceThe polarization between high-end and mass market products in the Korean smartphone market is expected to accelerate with the iPhone 6S’s local debut.At present, few...
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Korea to Lead International Standardization of ICT-based Maritime Security Tech
Maritime SecurityKorea set the stage for leading the development of ICT-based security technology in the global shipbuilding and marine industries, as its technology for protecting the equipment and...
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Wage Peak Spreading Fast among Major Business Groups
Spreading PeakIt has been found that 11 out of the 21 largest business groups in Korea have decided to bring in wage peak for each of their subsidiaries with retirement at 60 scheduled to become...
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GM Works with LG Electronics to Develop New Electric Vehicles
GM+LG=EVLG Electronics announced on Oct. 21 that the company was selected as a partner of GM for the development of GM’s Volt EV. This means that GM chose not an auto parts company but an IT company...
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Korean Air to Develop Unmanned Aircraft
Korean DronesKorean Air is joining hands with a government-affiliated public organization to develop an unmanned aerial vehicle, which is considered to be the lion of high technology in the future.The...
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KAI CEO Ha Sung-yong Says 3 Out of 4 KF-X Parts Can be Domestically Produced
KF-X Lives?At the Seoul International Aerospace and Defense Exhibition (ADEX) 2015 held at Seoul Air Base in Seongnam, Gyeonggi Province, on Oct. 21, Korea Aerospace Industries Ltd. (KAI) CEO Ha...
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Mirae Asset, KOSCOM Raise Korea’s First Fintech Fund
Fintech FundingKOSCOM and the Mirae Asset Financial Group signed an agreement for the first fintech fund in Korea on Oct. 15. The 20 billion won (US$17.6 million) fund is slated to be invested in order...
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‘Netherlands can be a Role Model for Korea’
Finding ExamplesYale University professor Paul Kennedy, who is the author of the worldwide bestseller “Rise and Fall of Great Powers,” took part in the World Knowledge Forum hosted by a local daily on...
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Korean Gov't to Allow Export of Imported Natural Gas
Import Not NecessaryThe Korean government is mulling over allowing the Korea Gas Corporation to sell the natural gas it produces abroad without importing it to Korea.“Natural gas not subject to the...
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Sale Failure of Hyundai Securities Sending Shockwaves
Hyundai InsecuritiesThe failure of the sale of Hyundai Securities is leading to much more serious repercussions than previously expected. On Oct. 21, the Hyundai Group’s subsidiaries showed a...
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Resumption of Korea-ASEAN Economic Leaders’ Meeting Proposed
Korea, ASEANFederation of Korean Industries (FKI) Chairman Heo Chang-soo proposed the resumption of the Korea-ASEAN Economic Leaders’ Meeting, which has not been held since 1982, at the ASEAN Night...
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Samsung Electronics, Intel Expanding Semiconductor Manufacturing Facilities...
Chips in ChinaIntel is planning to invest US$3.5 billion for the next three to five years in order to turn its semiconductor assembly plant located in Dalian, China into a next-generation memory...
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Total Added Value of Top 30 Korean Business Groups Decreased Last Year
Less Total Added ValueAccording to market research firm CEO Score, 293 subsidiaries of the 30 largest business groups in Korea created a total added value of 207.6359 trillion won (US$182.6179 billion)...
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Samsung Life Insurance Launches New Joint Company in China
Joint LifeAfter receiving authorization from the Chinese authorities, Samsung Air China Life, a joint venture of Samsung Life Insurance in China, welcomed the Bank of China, the fourth-largest bank in...
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World’s First Network Slicing Technique Demonstrated by SK Telecom and Ericsson
Cut Up NetworkSK Telecom announced on Oct. 22 that it developed and succeeded in demonstrating network slicing in cooperation with Ericsson.A key part of 5G telecommunications, network slicing is to...
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