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K-water Signs MOU with ADB for Water Management Technological Support
Smart Water ManagementKorea Water Resources Corporation (K-water) signed a memorandum of understanding (MOU) for technological cooperation with the Asian Development Bank (ADB) at the headquarters on...
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KOMSCO Signs Papers Supply Deal with Vietnamese Mint
Exports of Banknote PapersKorea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) said it has signed a deal with the Vietnamese Mint to supply 244 tons of banknote papers.In the bidding...
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Won-Dollar Exchange Rate Hits 1219.3 Won, Highest in 5 Years and 8 Months
Soaring Exchange Rate A sharp drop in international oil prices and a possible drop in Japan’s interest rates drove up the Korean won-US dollar exchange rate to a five year and eight month high.On...
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Korea Holds US$ US$367 Billion in Foreign Exchange Reserves in January
Edged DownKorea’s foreign exchange reserves in January inched down from the end of last year. The reserves dropped for three consecutive months due to a stronger US dollar and a drop in the value of...
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Hyosung Posts Record High Profits in All Business Divisions
High PerformancesHyosung Group, a conglomerate focusing on textile and chemical businesses, announced on February 3 that it has reported 12.46 trillion won (US$10.24 billion) in sales and 950.2 billion...
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CJ E&M to Host World's Largest Korean Culture Convention in Middle East
K-Culture FestivalCJ E&M, the entertainment arm of South Korean conglomerate CJ, announced on February 3 that it will be holding KCON, the world′s largest K-Culture festival that launched in the...
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LS Cable & System to Supply EV Parts to China’s Beijing Automotive Group
Cutting-edge Car Cables LS Cable & System announced on February 3 that it has signed a deal with Chinese automaker Beijing Automotive Group (BAIC) to supply harness cables for electric vehicles...
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Samsung Shelves Expansion of Semiconductor Plant in China
Postponement of InvestmentSamsung Electronics virtually shelved its send phase investment in its semiconductor plant in Xian, China. It seems that the Korean electronics giant is concerned about a...
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Hanmi Pharmaceutical 2015 Sales Hit Record High, Posting 1.32 Trillion Won
Pharmaceutical JackpotHanmi Pharmaceutical Co., a leading South Korean drugmaker, tentatively announced on February 4 that its sales amounted to 1.32 trillion won (US$1.1 billion) last year, up 73...
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HHI Files for Arbitration for Offshore Plant Contract Cancellation
Trade ArbitrationHyundai Heavy Industries (HHI) filed for arbitration for offshore plant contract cancellation.According to Norway's Fred Olsen Energy ASA (FOE) and foreign media reports on February 4,...
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Hyundai-Kia Motors Sees Domestic Market Share Grow to 70%
70% Market ShareThe combined domestic market share of Hyundai Motor and its affiliate Kia Motors rallied in January on rising demand for new models, exceeding the 70 percent level for the first time in...
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LG Electronics Focuses on Entertainment Functions in G5
Entertainment SmartphoneLG Electronics sent out its official invitation to all global media about an event that will introduce its new smartphone G5 at the Mobile World Congress (MWC) 2016, which will...
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Robert Walters' Global Salary Survey Marks 2016 Great Year for Bilingual Techies
Local Recruitment InsightsYesterday, Robert Walters released the 17th edition of its Global Salary Survey, giving a comprehensive picture of recruitment market trends and global salaries.Futures are...
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Apple’s iPhone7 Rendering Image Appears
Using New MaterialAs rumors spread that Apple will use new ceramic materials for iPhone 7, the related rendering image came out.According to Chinese IT website MyDrivers on February 2, Sina.com raised...
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Chinese Chipmaker Aims to Make Monthly Production of 100,000 Wafers
Overthrowing Samsung China is jumping into the global DRAM semiconductor market, which is dominated by Korean semiconductor manufacturers, in earnest.According to China’s major media outlets on...
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Government Considering New Corporate Bond with Corporate Value as Collateral
Lowering BarriersIt is expected that companies having trouble in raising funds will be able to issue corporate bonds with favorable conditions by combining tangible and intangible assets such as...
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KPMG: ‘Big Korean Companies Have More Cash to Lead More M&A Deals
More Chances for M&AIt was predicted that a sharp increase in big Korean companies’ capabilities to raise cash will promote big deals in the M&A market. KPMG announced in its 2016 M&A...
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Imported Car Sales Down 18.5% in Jan., First Drop in Sales in Five Years
Slow Sales of Imported CarsA brake was put on rising imported car sales in Korea. The Korea Automobile Importers and Distributors Association (KAIDA) announced on February 4 that the number of new...
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‘One Shot Act’ Expected to Expedite Large Businesses’ Reinforcement of...
Revitalizing Businesses As the National Assembly passed the Special Act on Revitalizing Companies called “One Shot Act” on January 4, large companies such as Samsung and Hyundai Motor are expected to...
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LG Display Tops Global UHD TV Panel Market in Q4 of 2015
Global #1 With the expansion of new business relations, including China, Korean panel maker LG Display Co. has regained its position as the top seller of ultra-high definition (UHD) television panels...
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