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Kia Motors Unveils Second ‘Kia X-Car’ Made with ‘X-Men’ Character Design
Collaboration with 20th Century FoxKia Motors announced on Dec. 23 that it will present the Kia X-Car Mystique at the Australian Open Tennis Championships 2016 in time with the premiere of “X-Men:...
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DLS Investing in Crude Oil Predicted to Incur Huge Losses
Red Signal to InvestmentConcerns over derivatives-linked securities (DLS) based on crude oil are rising as international oil prices are plummeting. The domestic DLS market, which has grown to reach 100...
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Korean Firms’ 5-year Survival Rate Falls below 30%
Survival RatesApproximately 810,000 firms were established in Korea in 2011, but more than half of them went out of business within two years, while their five-year survival rate stood at about 30...
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Unit Export Price of Korean Cars Less than Half of Unit Price of Imported...
Half PriceThe gap between the prices of cars Korea exports and imports is not being narrowed at all. Under the circumstances, experts point out that Korean automakers need to work on vehicles of higher...
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Korea Records Highest Internet Speed in the World for 7 Consecutive Quarters
Internet LeaderKorea has ranked first in the world for seven quarters in a row in terms of average Internet speed and broadband Internet (at least 10 Mbps) penetration rate alike.According to network...
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Korea’s e-Government System Found in More and More Countries
Middle Eastern SuccessLG CNS established LG CNS Uzbekistan in April this year. Since then, the local corporation has signed contracts worth approximately 25 billion won in the three fields of database...
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KARI Joins Hands with NASA to Launch Lunar Exploration Next Year
Space DevelopmentThe government held the 22nd Space Development Promotion Working Committee, under the chairmanship of the First Vice-minister of Science, ICT and Future Planning Lee Seok-jun, at the...
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Korean Air Transports Snow Track at No Cost for PyeongChang Winter Olympic Games
Contributions to Winter OlympicsKorean Air is providing more active support for the successful hosting of the PyeongChang 2018 Winter Olympic Games. The company transported snow tracks, which are the...
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Lotte World Tower Holds ‘2016 New Year Twist Show’ for New Year’s Eve Countdown
Luminal Art ShowLotte World Tower, the tallest building in both Koreas, will hold an event for the New Year’s Eve countdown.Greeting the Year of the Monkey, Lotte Corporation is hosting the “2016 Lotte...
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Korea Tourism Organization Opens New Mobile Tour App in Foreign Languages
Mobile Tour AppThe Korea Tourism Organization has updated its mobile-based Korea tourism promotion application in foreign languages. The app is called “K-Books.”K-Books is a free app that provides...
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Samsung Electronics Benefits from 14nm FinFET Contract between AMD and GF
Huge Licensing ProfitsAdvanced Micro Devices (AMD) has decided to produce its graphics processing unit (GPU), which is to be released from next year, in the GlobalFoundries’ (GF) semiconductor foundry...
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Hyundai Motor Group Ordered to Sell 8.81 Million Shares in Hyundai Steel
Cross-shareholding InterceptionThe Fair Trade Commission (FTC) has ordered Hyundai Motor Group to resolve its cross-shareholding ties derived from an intra-group merger and acquisition (M&A)...
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Government Orders to Cut Production by 30% in Petrochemicals, 40% in Steel
Industrial RestructuringThe government’s specific restructuring plan by industry has been revealed on Dec. 30. When shipping companies lower the debt rates below 400 percent, they will be able to use...
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S. Korea's State Minting Agency Aims to Ring Up 500 Billion Won in Sales
Expanding Overseas MarketKorea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) has declared this year as the first year for the take-off of the company. The company is looking at 500...
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KOTRA Opens Korean Pavilion for SMEs at CES 2016
Showcase of SMEs’ Cutting-edge ProductsThe Korea Trade-Investment Promotion Agency (KOTRA) has opened a Korean Pavilion at the Consumer Electronics Show (CES) 2016, which began on Jan. 6 in Las Vegas....
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KT Chairman Offers Global Mentoring to Future K-Champs at CES 2016
Support for K-ChampsKT announced on Jan. 6 that it held a meeting with heads of startups under the Gyeonggi Center for Creative Economy & Innovation (CCEI) at the Bellagio Hotel in Las Vegas, where...
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KOGAS Pays for Surgery of Uzbek Children Suffering from Heart Disease
Medical support for KidsThe Korea Gas Corporation (KOGAS) sent back two Uzbek children suffering from heart disease on Jan. 6 after the invitation and successful operation as part of its global...
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CJ to Seek Aggressive Global Management with M&As this Year
Global Expansion with M&AsThe CJ Group will seek aggressive global management based on mergers and acquisitions (M&As) with overseas companies this year.According to industry sources on Jan. 6,...
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Samsung’s Gear S2 Smartwatch with Samsung Pay to Work with iPhone
Samsung Pay on iPhoneSamsung Electronics unveiled the Gear S2 classic smartwatch in two new colors. The company will also bring Apple’s iOS support to its Gear S2 this year.Samsung Electronics...
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The Bank of Korea Sets Korea’s Potential Growth Rate at 3 to 3.2%
Refuting Rumors of 2%The Bank of Korea (BOK) made an official statement on Jan. 6 that Korea’s potential growth rate lowered than what it used to be but it is not two percent. This confronted head-on...
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