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Japanese Auto Market Share Drops to Single Digits amid 20.3% Jump of Import...
January’s Import Car MarketThe Japanese car market share in Korea fell into the single digits in January for the first time. In contrast, German cars, which show an upward trend in market share,...
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Korea Working to Join TPP Via Series of Bilateral Talks
Trans Pacific PartnershipSouth Korea plans to have a series of bilateral talks with countries taking part in negotiations for a US-led regional free trade agreement known as the Trans-Pacific...
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Korea’s Service Industry Subject to 10X More Red Tape than Manufacturing...
Regulation of Service SectorIt has been shown that Korea’s service sector is regulated excessively, having 10 times more restrictions than its manufacturing sector. According to the Federation of...
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US Beef Imports Wane for 2nd Straight Year
Korea’s Import Beef MarketSEOUL, Feb. 6 (Yonhap) -- Imports of US beef in 2013 waned for the second year in a row, while those from Australia increased, data showed Thursday.According to data by the US...
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Sales of Digital Content Industry Estimated at 100 Trillion Won This Year
Content Industry in 2014The digital content industry, particularly the game sector, is expected to continue solid growth this year, in spite of the economic recessions both at home and abroad....
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Diesel Vehicles to Change Korea’s Automobile Market Dynamics
Popularity of Diesel VehiclesCompetition among diesel cars is taking concrete shape in the local automobile market this year. The subsidies for low carbon vehicles (LCVs), which will be granted from...
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Samsung Electronics to Catch Up with Apple Soon in North America
Samsung’s Threat to AppleSamsung Electronics surpassed 30% in market share in the North American smartphone market. Market research firm Strategy Analytics reported on February 6 that Samsung supplied...
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Financial Authorities Pressing Hyundai Group to Reshape Itself and Give...
Restructuring PushIt has been found that Financial Supervisory Service (FSS) Deputy Governor Jo Yeong-je urged Yoo Chang-keun, president of Hyundai Merchant Marine, to deal with the Hyundai Group’s...
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What the World Can Learn from Korean Retailers
Leading RetailBy Simon Hathaway, global head of RX, Cheil WorldwideThe way that convenience retailers operate in Asia, using customer insight to shape their offer to a level unprecedented in the...
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Korean Shipbuilders Beat Chinese Rivals in January Orders
Shipbuilding CompetitionSEOUL, Feb. 7 (Yonhap) – South Korean shipbuilders ranked first last month in the volume of orders won, beating their Chinese rivals, industry data showed Friday.According to...
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Sony’s Turnaround Efforts Unlikely to Shake Korean Players
Struggling SonySEOUL, Feb. 7 (Yonhap) -- Sony Corp., the once unchallenged electronics industry leader, announced dramatic measures to turn itself around and be counted again, making South Korean tech...
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Inter-Korean Talks Underway on Internet Connection at Joint Complex
Kaesong Internet ConnectivitySEOUL, Feb. 7 (Yonhap) -- South and North Korea launched a working-level meeting Friday about Internet connectivity at their joint industrial park in the North’s border...
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Bank Foreign Currency Deposits Hit Record High in January
Foreign Currency DepositsSEOUL, Feb. 7 (Yonhap) – Foreign currency deposits in South Korean banks rose to a record high in January on sales of overseas bonds, the central bank said Friday.Outstanding...
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Appeals Court Annuls Dismissal of Ssangyong Workers
Annulment of LayoffsSEOUL, Feb. 7 (Yonhap) -- A Seoul appeals court on Friday annulled the dismissal of 153 former employees of Ssangyong Motor Co. who were part of the company's mass layoff plan in...
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LS Cable and System Forms Partnership with LS Sauter to Market SimpleWin
Domestic PartnershipLS Cable and System (Chairman and CEO Koo Cha-yub) announced on February 7 that it has formed a Memorandum of Understanding, or MOU, with LS Sauter in an effort to strengthen the...
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Internet Services to be Available in Inter-Korean Industrial Park This Year
Kaesong InternetSEOUL, Feb. 9 (Yonhap) – South and North Korea will open a small business center with Internet connectivity in the joint industrial park of Kaesong as a first step in bringing the...
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S. Korean Businesses to Visit N. Korea as Part of Pyongyang-Moscow Venture
Koreas-Russia ProjectSEOUL, Feb. 9 (Yonhap) – Officials from South Korean companies set to participate in an economic project between Pyongyang and Moscow will visit North Korea this week for an...
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Creating Korea’s First Integrated Resort in Myths and History Theme Park, Jeju
Integrated ResortGenting Singapore PLC, Running Resorts World Sentosa, Asia’s Best Integrated Resort, Agrees to Participate in Myths and History Theme Park ProjectJeju Free International City...
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Korean Patent Examination Service to be Exported to UAE
Globalization of Patent ServicesThe patent examination service of the Korean Intellectual Property Office (KIPO) will be exported to the United Arab Emirates (UAE). KIPO signed an MOU with the UAE to...
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Countdown to Ruling against Samsung to Pay 1 Trillion won
Imminent RulingThe US district court judge presiding over two Apple vs. Samsung patent trials in California denied a re-retrial in the patent battle. Judge Lucy Kohin of the Northern District of...
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