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Hankook Tire Selected as Korea’s Most Admired Tire Company for 7th...
Most Admired Tire CompanyHankook Tire, the nation's largest tire maker, was chosen as Korea’s most admired tire company in 2016 for seven years in a row, released by Korea Management Association...
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Born2Global to Help Creating Synergy between Startups and European Investors
For European Startup InvestorsK-ICT Born2Global, a start-up accelerating center affiliated with the Ministry of Science, ICT and Future Planning, announced on Feb. 25 that it will host “European...
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U.S., China Agreed on Draft of UNSC Resolution against North Korea
Stricter Sanctions on N. Korea Washington and Beijing agreed on the draft of a new United Nations Security Council (UNSC) resolution against North Korea on February 24. U.S. National Security Council...
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Korea’s Short-term External Debts Decreased by US$7.7 Billion Last Year
Positive Net Investment Position It has been found that Korea’s overseas investment increased based on a current account surplus while investment in Korea by foreigners decreased last year. Under the...
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Samsung Electronics Vice Chairman Bought Samsung C&T Shares
For Easing Cross-shareholding StructureSamsung Electronics vice chairman Lee Jae-yong bought Samsung C&T shares worth approximately 200 billion won from Samsung SDI in order to eliminate the...
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LG Electronics’ G5 Named as Best Mobile Phone at GSMA Global Mobile Awards
Global Mobile AwardsKorean ICT companies demonstrated the global competitiveness of their information and communications technologies at the Mobile World Congress (MWC) 2016, which was closed on Feb....
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IONIQ EV, PHEV to be Unveiled at Geneva International Motor Show 2016
New Green CarsHyundai Motor Company announced on February 25 that it would unveil all the three types of the IONIQ at this year’s Geneva International Motor Show, which is scheduled from March 1 to 13....
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Power Politics Surrounding THAAD on Korean Peninsula
THADD IssueIt seems that the official negotiations between Washington and Seoul regarding the deployment of the Terminal High Altitude Area Defense (THAAD) system on the Korean Peninsula, which picked...
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KIKO Case Reopens in US
Financial Derivative Case Small and mid-sized Korean companies suffered losses due to the incident of a financial derivative “Knock In Knock Out” (KIKO) after the outbreak of the global financial...
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Elliot Management: “No Intention to Break 5% Rule"
Debate Over Violation“Our total return swap (TRS) contract was lawful and we will cooperate with the prosecution for an investigation into us,” said Elliot Management which was reported to the...
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Hyundai-Kia Motor Group Sees Car Sales in China Plunge 21% in Jan.
Poor Sales in ChinaHyundai Motor and its smaller affiliate Kia Motors, which aims to sell over 8 million cars in the global market for the third consecutive year, have been hit by the China shock since...
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Money Flowing Out of MMFs
Signal for Recovery?Seoul-based market tracker FnGuide announced on February 28 that a total of 3.0346 trillion won flowed out of the 140 MMFs available in Korea between February 22 and 26. This is...
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Hyundai Motor's Share in BRIMs Market Edges Up in Jan.
Beating Toyota in Brazil Hyundai Motor Co., South Korea's leading carmaker, boosted its market share in four emerging nations, including Brazil, Russia, India and Mexico, or BRIMs, in Jan. According to...
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Samsung Enters Top 5 in Market Share Rankings in Global Smartphone AP Market
Global Top 5 Aps Samsung Electronics dramatically boosted its share in the global smartphone application processor (AP) market, entering the top five in the rankings. The company already ranked top in...
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Korean Government Picked Third Integrated Resort Developer in Yeongjongdo
Integrated Resort in IncheonOn February 26, the Ministry of Culture, Sports & Tourism added Inspire Integrated Resort to the two integrated resort developers in the Yeongjongdo area. The three...
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Koreans’ Annual Overseas Spending Broke US$20 Billion Last Year
Overwhelming Japan The Bank of Korea and the Korea Tourism Organization announced on February 28 that a total of 19.31 million Koreans traveled abroad last year and the number jumped by no less than...
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Korean Drug Developers Awarded Prizes for Their Contributions
Future Golden EggOn February 26, the Korea Drug Research Association (KDRA) held its 17th annual awarding ceremony for new drug developers in Korea in Seoul. At the ceremony, Dong-A ST won half of the...
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Chinese Builders Sweeping Middle East Construction Market
0.88 Vs. More Than 3.3According to industry sources, Korean construction companies won contracts worth US$87.64 million in the Middle East for the first two months of this year, equivalent to 6.4% of...
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KEPCO KPS Nabs Grand Prize in Government-Run Company Category at Ethical...
Ethical ManagementKEPCO KPS announced that the company picked up the Grand Prize in the government-run company category in the 13th Korea Ethical Management Awards held at Seoul Plaza Hotel on February...
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Amazon’s Cloud Brings Cloudy Day to Korean Cloud Service Providers
Reverse DiscriminationKorean cloud service companies are feeling uneasy after Amazon Web Service (AWS) announced that its cloud service will make Korean companies free from the value added tax. This is...
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