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Smartphones in Chinese-speaking Regions Meet Korean-made OLED Displays
Korean OLEDsLeading Chinese cell phone makers such as Huawei and Xiaomi will launch smartphones with OLED screens in great numbers next year. According to industrial sources on Nov. 9, Huawei and...
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Korea Close to World’s First Full Commercialization of VoLTE
Voice over LTEThe full commercialization of Voice over LTE (VoLTE) is now close at hand. VoLTE is a high-quality call service based on LTE. The service will be fully commercialized in about three years...
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Export-Import Bank of Korea to Adopt Stricter Refund Guarantee Criteria
Refunds Not GuaranteedThe Export-Import Bank of Korea adjusts its refund guarantee (RG) criteria that it applies to Korean shipbuilders so as to prevent cutthroat competition among them.The bank is...
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KDI: ‘Slowdown of Chinese Economy Could Significantly Affect Korea’
Korea Development InstituteThe Korea Development Institute (KDI) said on Nov. 9 that a one percentage point decline in China’s economic growth rate can lower the global economic growth rate by up to...
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Korean Shipbuilders Fared Well Last Month
Good Shipbuilding NewsAccording to industry sources, global ship orders totaled 47 vessels and 1,089,540 CGT last month, the lowest level since September 2009. Korea took 760,000 CGT of it to beat...
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SDIA Signs 2 Trillion Won in Investment Contracts
Saemangeum Development and Investment AgencyThe Saemangeum Development and Investment Agency (SDIA) succeeded in attracting investments of approximately 2 trillion won (US$1.7 billion) for the...
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Korea Relatively Slow in Diffusing New, Renewable Energy
Slow RenewablesBloomberg New Energy Finance released its New Energy Outlook 2015 on Nov. 9 and said that fossil fuels accounted for 65 percent of global electric power facilities in 2012, followed by...
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Korean Mobile Carriers Cooperate for FIDO Development
Fast Identity OnlineThe Ministry of Science, ICT & Future Planning is working together with SK Telecom, KT and LG U+ to introduce biometric identification or fast identity online (FIDO) services by...
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Hyundai Motor Unveils 1st EQ900 Genesis Model
Elegance and Comfort Hyundai Motor Co., South Korea’s largest automaker, had a media preview for the EQ900, the first model under its new premium brand of Genesis, that will officially be launched next...
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KEA Signs MOU with UK’s BRE for Efficient Building Energy Management
Reducing Greenhouse EmissionsThe Korea Energy Agency (KEA) announced on Nov. 10 that it has signed a memorandum of understanding (MOU) with the U.K.’s Building Research Establishment (BRE) on Nov. 6...
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Korean Researchers Develop Tech to Quickly Find Circulating Tumor Cells
Swift DetectionA team of Korean researchers has developed a technology to measure circulating tumor cells and determine whether or not a human body has cancer cells. The team led by professor Han Ki-ho...
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KEPCO Office Relocates to Gimcheon Innovation City
Higher LeapKEPCO E&C celebrated a new start at Gimcheon Innovation City in North Gyeongsang Province and the 40th anniversary of its founding on Oct. 15. KEPCO E&C announced its vision to...
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Korea Industrial Complex Corporation Awarded Presidential Citation
Presidential AwardThe Korea Industrial Complex Corporation announced on Nov. 10 that it was awarded a Presidential citation at the Corporate Partnership Awards Ceremony of this year.The corporation...
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BC Card Exports Payment and Settlement Processing Technique to Indonesia
Banking BuddiesIn September this year, BC Card signed an agreement with Bank Mandiri, the largest national bank in Indonesia, to set up a joint venture. The idea is to open up the overseas market by...
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Growth of Food Industry Should be Promoted Further
Food ExportsThe Federation of Korean Industries (FKI) said on Nov. 10 that the combined sales of domestically listed Korean food companies are merely 60 percent of Nestlé’s, and the export of food from...
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New Powerful Frequencies for IoT and 5G Era
IoT for 5G Era On Nov. 10, the Ministry of Science, ICT and Future Planning officially announced technological standards on the apportionment of 8Hz frequencies of the K-ICT free band to help companies...
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U.S. Dollar-denominated Deposits in Korea Showed a Significant Increase Last...
Currency fluctuationThe Bank of Korea announced on November 10 that the balance of the foreign-currency deposits of residents in Korea in foreign exchange banks increased by US$4.21 billion to US$63.4...
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Government Lays Out Blueprint for Promotion of Cloud Computing Sector
Nurturing Cloud ComputingThe government presented a blueprint for the promotion of the cloud computing sector such as elevating the number of cloud companies to 800 and the cloud use rate to 30 percent...
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Apple Cuts 10% of Component Orders Due to Weak Demand for iPhone 6S
Demand DisappointmentDue to concerns over the slowdown of demand, the price of Apple stocks fell dramatically. This is largely due to the fact that a succession of gloomy prospects for the iPhone 6S...
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Doosan Group Accelerates Corporate Restructuring
Creating AnewAs Doosan Group Chairman Park Yong-maan served as the head of the strategy planning division from 1995 to 2005, he transformed Doosan Group to overcome successfully the 1997 Asian...
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