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6.4 Trillion Won to be Invested in Renewable Energy Sector This Year
Renewable Energy InvestmentThe Ministry of Trade, Industry & Energy announced on January 27 that Korean public corporations in the power generation sector invest 6.4 trillion won in the renewable...
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Korea’s Entrepreneurship Index More than Halved in Less than Four Decades
EntrepreneurshipThe Korea Economic Research Institute (KERI) said on January 27 that Korea’s Entrepreneurship Index is on the decline. According to the institute, the index fell from 150.9 to 66.6...
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Samsung Electronics Posted a Sharp Drop of Profit in Q4 Last Year
Sluggish GrowthSamsung Electronics on Jan. 28 announced financial results for the fourth quarter ended December 31, 2015. Samsung posted 53.32 trillion won in consolidated revenue and 6.14 trillion won...
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Samsung to Maintain Leadership with Differentiated Chips
Samsung Chips 2015 Performance The Semiconductor business registered 2.80 trillion won in operating profits on consolidated revenue of 13.21 trillion won for the quarter.In the fourth quarter, weak...
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ASP Decline Weighs on Display Panel Profit
Samsung Display 2015 PerformanceThe Display Panel segment posted 6.53 trillion won in consolidated revenue and 300 billion won in operating profit for the quarter.In the fourth quarter, the LCD panel...
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Mobile Portfolio Differentiated to Maintain Solid Performance
Samsung Mobile 2015 PerformanceThe IM Division posted 25.00 trillion won in consolidated revenue and 2.23 trillion won in operating profit for the quarter.A slight QoQ decrease in smartphone shipments...
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Premium TVs and Home Appliances to Enhance Profitability
Samsung Home Appliances 2015 PerformanceThe Consumer Electronics Division, encompassing the Visual Display (VD), Digital Appliances (DA), Printing Solutions and Health & Medical Equipment (HME)...
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Stepping Stone Spreading Knowledge of Year to Visit Korea (2016-2018)
Korea Grand SaleIn celebration of “The Year to Visit Korea (2016-2018),” the Ministry of Culture, Sports and Tourism in Korea and The Visit Korea Committee will co-host The Korea Grand Sale from Feb. 1...
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Volkswagen Headquarters in Cross Hairs
Agonizing SeasonThe Ministry of Environment pressed additional criminal charges to pressure not Audi Volkswagen Korea but the headquarters of Volkswagen in Germany in January. Earlier, on January 19,...
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Amore-Pacific, Alibaba Concluded MOU for IPR Protection
Intellectual Property Right in ChinaThe Amore-Pacific Group and the Alibaba Group signed an MOU for the protection of intellectual property rights. The signing ceremony was held on January 28 at the...
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Korean Food Mesmerized Spain
Korean Food PromotionThe Ministry of Agriculture, Food & Rural Affairs and the Korean Food Foundation announced on January 28 that Madrid Fusion 2016, an international cuisine event in Madrid,...
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Samsung Electronics Vice Chairman to Sell Some of Samsung SDS Shares
Protection of ShareholdersThe Samsung Group announced on January 28 that Samsung Electronics vice chairman Lee Jae-yong will sell his 2.05% shares in Samsung SDS in order to procure funds for his...
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Disagreement between Washington and Beijing on North Korean Nuclear Issue
Publisher Note U.S. Secretary of State John Kerry visited China on January 27 and met with Chinese President Xi Jinping and Foreign Minister Wang Yi. Their talks bore little fruit though.This means...
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S. Korean Exports Fared Well with Qualitative Growth amid Global Economic...
Global 6th Largest Exporter Due to a severe global economic recession, South Korea’s export companies spent the worst year ever in 2015 but they did not easily fall down. With a desperate cost...
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Traditional Export Industries Should Seek Radical Reform
Facing ChallengesAlthough Korea has become the world’s sixth largest exporter for the first time, there are a number of pessimistic indicators to show the warning in export behind it. According to the...
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Korea’s Trade Industry Should Find New Paradigm
Time for New ParadigmSince the trade surplus already reached US$83.2 billion (97.97 trillion won) at the end of November, the overall figure this year is highly likely to be a record high. However, it...
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Korea Offers Generally Improved Business Environment Going into 2016
Benefits of Doing BusinessOn Oct. 28, 2015, the World Bank announced its “Doing Business 2016” report, and the Korea Trade Promotion Corporation (KOTRA) analyzed the report from the Korean perspective....
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Eland’s ROEM Appoints Park Shin-hye as Face of Company’s Global Marketing
Global Marketing for Spring 2016Eland has appointed Park Shin-hye as Roem’s new model for global marketing for 2016. Roem is Eland’s brand for women’s casual wear.An Insider said, “Park Shin-hye enjoys...
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Samsung Bioepis's Biosimilar Wins First Overseas Bid
Entering Norway's Biosimilars MarketSamsung Bioepis has won its first overseas contract to supply Benepali, the biosimilar of Enbrel, the world top-selling arthritis treatment, in Norway, Samsung...
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Gathering of Europe's Best-dressed in Seoul Celebrate the New Year
2016 ECCK New Year PartyThe European Chamber of Commerce in Korea (ECCK) held its 2016 New Year Party at the Grand Hyatt in Jan 28.H.E. Gerhard Sabathil, the ambassador of the head of the delegation of...
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