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SK C&C Unveiled New Application for Advanced Personal Identification
Facial, Voice Recognition AppPersonal identification and stock trading based solely on the recognition of a facial shape or voice are likely to be made available.SK C&C announced on November 18...
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Korean Government to Discuss Korean Stock Market’s Incorporation into MSCI...
Enrollment in MSCIThe Ministry of Strategy & Finance, the Financial Services Commission and the Korea Exchange will visit the Asia-Pacific research center of Morgan Stanley Capital International...
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Moody’s Will Maintain Korea’s Credit Rating at “Aa3” Next Year
Fiscal Soundness International credit rating agency Moody's will continue to maintain Korea’s credit rating at “Aa3 (positive)” next year. The company picked not an interest rate hike in the U.S. or...
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Electronic Voting Likely to Become Widespread in Korea
Enhancement of Stock Holder’s RightThe Korea Electric Power Corporation (KEPCO) decided to adopt electronic voting. Its decision is expected to act as a stimulus for the enhancement of voting rights of...
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Insurance for Imported Cars to be Overhauled
Charge RationalizationThe Korean government and financial authorities came up with a series of measures on Nov. 18 in order to reduce the financial burden of those driving domestically produced cars...
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Korean Economy in Trouble Dealing with Goods in Stock
Another Red SignalThe Statistics Korea announced on November 18 that the in-stock ratio of the manufacturing sector reached an 80-month high of 129.5 percent in August this year before falling...
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Samsung Electronics’ Profitability in Global Smart Phone Market on the Decline
Decreasing ProfitAccording to industry sources, Samsung Electronics topped the smart phone sales volume charts of 14 out of the 15 countries which showed the most rapid market growth in the industry in...
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Innovation in Manufacturing 3.0 Strategy Needs Better Focus with Clearer...
Smart FactoryFacilitated by a broad economic policy vision informed by the Manufacturing Industry Innovation 3.0 strategy, the concept of a smart factory in Korea has a collective meaning embracing...
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Dongbu Daewoo Electronics Succeeds in Market Expansion with Global Platform
Success in Global PlatformDongbu Daewoo Electronics announced on Nov. 19 that its sales of Global Platform-branded home appliances reached 300,000 in 50 countries in the six months since their launch...
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Samsung Gear S2 Smartwatch can be Compatible with Apple iPhone Soon
Samsung-Apple CompatibilityThe Samsung Gear S2 smart watch is expected to be compatible with the Apple iPhone soon. In the smart watch market, which is dominated by the Apple Watch, the Gear S2 will...
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Number of IPO This Year to Reach 150, Largest in 13 Years
Largest IPOs EverThe number of initial public offerings (IPOs) this year is expected to reach 150, the largest in the 13 years since 2002. This is largely due to the fact that the Korea Exchange (KRX)...
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South Korean Shipbuilders Have 5 Largest Backlogs
Still Number OneSouth Korea’s leading shipbuilding companies have the five largest backlogs of orders, despite suffering from their worst-ever deficits.According to British maritime market researcher...
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Korea’s Exports to China Dwindling
Export CompetitivenessThe growth rate of Korea’s exports to China is on a sharp decline. The biggest culprit behind the decline is the fact that the proportion of processing in China’s trade has been...
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Seoul City Responds to Possible Sale of IFC Building
Another ‘Take and Run’The Seoul Metropolitan Government began to take countermeasures against the sale of the International Financial Center (IFC) in Yeouido, Seoul, which is surrounded by controversy...
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EU, Japan Call External Support for DSME ‘Foul Play’
DSME in CheckIt has been confirmed that the EU and Japan officially complained about a plan by Korean government-run banks such as the Korean Development Bank to give financial support to Daewoo...
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POSCO ICT Targets Overseas Market in Baggage Handling
POSCO ICTAnticipating growth as airport demand of China and Iran, etc. is high due to the increased number of airport usersPOSCO ICT, an affiliate of steelmaker POSCO in South Korea, is exporting an...
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George Mason University Korea appoints Dr. Steven K. Lee President
Fostering Global MindsetDr. Steven K. Lee was inaugurated as the president of George Mason University Korea (GMUK) at a ceremony held at the Incheon Global Campus concert hall on Thursday, Nov. 19. The...
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WTO Rules in Favor of Korea in Anti-dumping Suit against US
Anti-dumping DumpThe WTO determined that the dumping margin calculation method that the United States recently employed in its anti-dumping investigation regarding Korean washing machines constituted a...
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Indonesia Invests in KFX Project
Good News for KF-XOn Nov. 22, Korea Aerospace Industries (KAI) signed a provisional contract with Indonesia for the country’s investment in the Korean Fighter Experimental (KF-X) project.According to...
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Tensions Escalating over Labor Reform Bills
Labor ReformConflicts surrounding five labor reform bills are escalating in the National Assembly with the government and the ruling party poised to pass the bills within this year and the Federation...
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