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Startups in Korea Forming More and More Partnerships by Sector
Startup AlliancesText Factory’s MUNBS service team, which provides a personal assistant service based on text messaging and the Kakao Talk messenger, recently signed MOUs with online-to-offline (O2O)...
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Korean IT Products Represented Over 20% of Chinese Import Market
Popularity in China It has been found that IT products exported from Korea accounted for more than 20% of the Chinese import market for the first time in history last year, which can be attributed to...
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Wearables, Drones, and 3D Printers Likely to Show Explosive Growth
After 5 YearsMarket research firm Gartner predicted the future of wearable devices, drones, smart cities and 3D printers at the closing of this year’s Consumer Electronics Show (CES) in Las Vegas on...
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SmartStudy Attracts US$3 Million Investment from Chinese Investor
Mobile Education ContentsSmartStudy has succeeded in attracting US$3 million (3.62 billion won) investment from DT Capital Partners, one of the top 10 venture capital firms in China. The latest...
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Samsung BioLogics Opts for Domestic Stock Market
Going Public in Domestic MarketAccording to the Korea Exchange (KRX) and investment bank industry sources on Jan. 11, Samsung BioLogics has made the final decision to go public on the domestic stock...
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Hyosung to Expand NF3 Business in S. Korea, China
43% Supply to Global MarketHyosung announced on Jan. 11 that it will raise the production of Nitrogen Trifluoride (NF3) by building and adding NF3 production facilities in China and Korea. NF3 is a gas...
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Samsung Card Denies Sales Rumors
Putting Out the FireWon Gee-chan, CEO of Samsung Card, denied constant market rumors that the company is up for sale in a special message to employees.According to Samsung Card on Jan. 11, Won appeared...
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Samsung SDI Unveils High-density EV Batteries at Detroit Motor Show
Covering 600 km on a Single ChargeSamsung SDI has unveiled its high-density electric vehicle (EV) battery cell, which will make it possible for an EV to travel 600 kilometers on a single charge, at the...
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Google, Microsoft to Stop Technical Support for Older Operating Systems,...
Prey to MicrosoftGoogle announced on January 11 that it would stop providing security for the Chrome browser on the older versions of the Windows including the Windows XP and the Windows Vista....
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Kakao to Buy South Korea's Top Music Streaming Operator, Going Global with...
1.87 Trillion Won Deal for MusicThe nation’s number one chat app operator Kakao Corp. announced on Jan. 11 that it will buy a 76.4 percent stake in Loen Entertainment Inc., which operates the nation’s...
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Kia Motors Workers Approve 2015 Wage Pact with Ayes of 64.3
Wage AgreementKia Motors announced on Jan. 11 that its unionized workers voted in favor of a tentative wage deal reached with the management.They took a yes-or-no vote on the tentative agreement, which...
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Korea’s Material, Component Industry Recorded Sizeable Trade Surplus Last Year
US$100 Billion Trade SurplusThe Ministry of Trade, Industry & Energy announced on January 11 that Korea recorded US$264.7 billion in exports, US$159.7 billion in imports and US$105.1 billion in...
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Tizen Developers in Korea to Gather Together
Developing TizenSamsung Electronics holds a conference with Tizen developers in Korea on January 23 at its office located in Seocho-dong, Seoul. A large number of developers are expected to join the...
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Lotte E&C Wins 63.7 Billion Won Highway Construction Deal in Vietnam
Highway Construction in VietnamLotte Engineering & Construction said on Jan. 14 that it has won a US$54 million (63.7 billion won) order to build a highway in Vietnam.The order is placed by the Cuu...
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Caffe Bene Opens 5th Store in Vietnam
Korean SandwichesKorean coffee chain Caffe Bene announced on Jan. 14 that it has opened its fifth store in in Ho Chi Minh City, Vietnam. The MDC store is its second franchised outlet in Vietnam, and is...
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Will Google Partner Up with LG for Self-driving Car Commercialization?
LG-Google Partnership Google is more likely to join hands with LG Electronics for its self-driving car commercialization project.According to foreign press, including Bloomberg View, and industry...
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Hanmi Pharm Participates in JP Morgan Conference to Announce New R&D Projects
Future VisionHanmi Pharmaceutical introduced the company’s future vision, including R&D strategy in 2016, to global healthcare investors.South Korea’s leading pharmaceutical company participated in...
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KIST Developed Original Technology for Use in Aerospace Composite Material
KIST TechnologyThe Korea Institute of Science and Technology (KIST) announced on January 14 that it developed a highly heat-resistant and high-strength resin based on chemical graphene oxide processing...
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Hyundai Motor Expected to Shift Accent Output to Mexico
Production MoveRumors came out on Jan. 14 that Hyundai Motor can build the new version of its Accent small car at a Mexican plant owned by sister company Kia Motors next year, shifting some output of...
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Stock Market Data Showing Changing Industrial Paradigms
Shift in Leading Industries It has been found that six companies newly joined the list of the top 10 market cap companies in the S&P 500 Index between the end of December 2005 and the end of...
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