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Korea Falling Behind in Development of Operating System for Smart Cars
Smart Car OSWith the electric auto trend, the world’s leading countries are competing to create an operating system (OS) for smart cars. However, Korea lags far behind those countries in related...
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Microsoft Making Excessive Profits on Windows with Licensing Fees
MS RetogressionIndustry analysts are saying that Microsoft is making excessive profits on its Windows operating system (OS) by maintaining current licensing fees, even with a continuous decline in PC...
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Kakao CEO to be Keynote Speaker at Mobile World Congress 2014
Innovation RecognitionSirgoo Lee, co-CEO of Kakao, will deliver a keynote address at this year’s Mobile World Congress (MWC) in Barcelona on February 24, 2014. He will be the first CEO of a Korean...
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Korea’s Vehicle Steel Plate Manufacturers Striving to Refine Product Quality
Steel Plate CompetitionHyundai Steel has sent shock waves through the automobile steel sheet market with an M&A. Steelmakers such as POSCO and Hyundai Steel are planning to further enhance the...
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Renault Samsung Motors Hasn’t Produced A New Model in 7 Years
Losing Growth MomentumRenault Samsung Motors will release no new automobile models this year. Experts are saying that its goal to regain 10 percent local market share may be a tall order due to this...
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Korea’s Automobile Outputs, Exports Shrank Last Month
January’s Auto IndustryKorea’s exports of automobiles in January dropped significantly from a year ago while its domestic sales grew. Outbound shipments of vehicles jumped 9.9 percent year-on-year to...
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Korean 3D Map Service Now Available on Smartphones
VWORLD on MobileIt will soon be possible to see 3D maps and the latest visual map of Korea on your smartphone. The Ministry of Land, Infrastructure and Transport announced on Feb. 11 that it will...
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Samsung Electronics Pushing Ahead with Wide UHD Content Partnership
Samsung’s UHD AmbitionsSamsung Electronics, which has the ambition to become the top-ranked UHD TV maker this year, is expanding 4K content partnerships with cable companies at home and abroad,...
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Korea Expected to Take Little Hit from Tapering Due to Robust Economic...
Fed’s AppraisalThe Fed submitted a controversial financial policy report to the United States Congress on Feb. 11 (local time). In the report, Korea and Taiwan were mentioned as model cases of...
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Korea Development Bank Confirms 1 Trillion Won Deficit, Unveils Recovery Plan
KDB’s Restructuring PlanLast year’s deficit of Korea Development Bank (KDB) is likely to surpass 1 trillion won (US$939.3 million). This is due to various factors including the recent STX crisis, which...
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Improved Index of Employment, Housing Market Sparks Optimism
Recovery SignalsBoth employment and the real estate market - two critical indicators of the domestic economy - are showing signs of recovery, sparking hope that the economy is headed toward an...
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Hyundai Group Sells Even Key Businesses for Successful Revival
All InHyundai Merchant Marine significantly increased the possibility of successful financial restructuring on Feb. 12 by announcing the disposal of its LNG transport business. Late last year, it had...
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President Park Calls for Fundamental Changes to “Excessive” English Education
Correction of English EducationSEOUL, Feb. 13 (Yonhap) – President Park Geun-hye called for fundamental changes in the way English is taught in South Korea on Thursday, saying families spend too much...
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Calling on the Increase of Direct Investment in Ssangyong Motors by Mahindra
Necessary ActionSsangyong Motors revived with great success last year, when it set a new export record to become the only Korean automaker with a double-digit annual growth rate. All of the employees...
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LG Unveils Impressive Notebook-quality Specs in Their New Smartphone
LG G Pro 2LG Electronics has unveiled the new LG G Pro 2, the successor to its G Pro. The smartphone has been released in the Korean market and will also be available for the rest of the world to gaze...
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Dongbu Steel’s Deal Puts POSCO at a Loss
Local Steel IndustrySale of the Incheon plant of Dongbu Steel, which has been producing steel pipes and steel sheets, is putting POSCO at a loss.“Acquisition does not make sense at this point. It is...
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Korea Paves the Way for Development of Stretchable Electronic Devices
Wearable Device AdvancesA Korean research team has developed a technology to make flexible and stretchable transparent electrodes using silver nanowires, laying the groundwork for the development of...
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LG Vows to Snatch First Place from Samsung in Refrigerator Market
Refrigerating CompetitionLG Electronics unleashed an aggressive marketing campaign to regain the number one position in the global refrigerator market. Its strategy is to strengthen the lineup of...
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SK Hynix Loses in NAND Flash, but will Regain its Form
Temporary SetbackAccording to DRAMeXchange, an e-commerce site dedicated to semiconductors and memory chips, on February 16 SK Hynix’s share of the world NAND flash market in 4Q of 2013 fell to 11.8...
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Banks to Focus on Loans for Social Enterprises
Bolstering One AspectThe Financial Supervisory Service (FSS) revealed on February 17 that banks had plans to provide loans of up to 65 billion won (US$61.3 million), a 65 percent increase from the year...
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