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Bank of Korea in Interest Rate Trap amid Declining Foreign Investment
Double Bind The Bank of Korea is stuck in an interest rate trap. An increasing pressure is being put on the central bank with more and more economic indicators sending negative signals but global...
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Korean Automakers’ Exports Showed Negative Growth Contrary to Local Sales in...
Slower ExportLast month, Korean automakers succeeded in increasing their sales in the domestic market by means of new models and a reduction in individual consumption tax whereas their exports declined...
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More and More Leaders of Global IT Industry Working with Korean Startups
Popularity of Korean Startups An increasing number of global IT giants are supporting the business of Korean startups. For example, Amazon Web Services (AWS) is currently running the AWS Activate,...
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Doosan Group Enters Fourth-generation Succession in Management
Smooth Management Succession Doosan Group Chairman Park Yong-maan is resigning as chairman and his nephew Park Jeong-won will succeed him. The group would be entering fourth-generation management in a...
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CJ Group Chairman Retires as Registered Director in CJ Corp, CJ Cheiljedang
Out of ManagementAt a board meeting of CJ Corp. and CJ Cheiljedang Corp. on March 2, CJ Group Chairman Lee Jae-hyun, whose term of office expired, resigned as registered director of the two...
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Samsung Z5 May be Released This Year
Tizen 3.0It is rumored that Samsung Electronics is now developing the third model of its low-end smartphone “Z” series, which sold 1 million units in emerging countries in Asia in the first year of the...
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Samsung Display Invests in Building Additional Flexible OLED Production Lines
Focusing OLEDIn a bid to start full operation early next year, Samsung Display has invested in adding production facilities for flexible organic light-emitting diode (OLED) displays in earnest....
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Hyundai Merchant Marine Seeks to Sell Tanker Business
Efforts for SurvivalHyundai Merchant Marine, which is suffering from financial difficulties due to the recession in the shipping industry, is seeking to sell its oil tanker business. It is an...
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Report: ‘Korean Government’s Regulations are Hindering Investment in Internet...
Obstacle to InvestmentIt has been pointed out that the Korean government’s excessive regulations on the Internet and mobile industry are causing domestic and foreign investors to refrain from...
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US Imposes Anti-Dumping Duties of up to 6.89% on Korean-made Steel Products
Anti-dumping DutiesThe US Department of Commerce is expected to impose an anti-dumping tariff of 6.89 percent on Korean-made steel products. The US Department of Commerce made a preliminary judgment on...
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Hankook Tire Unveils New Concept Tire in Geneva
New Concept TireHankook Tire Co. announced on March 3 that it is exhibiting a new concept tire during the Geneva auto show 2016 held in Geneva, Switzerland. The new concept tires are placed on the new...
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Korea Energy Agency Introduces Solar Power Technology in Japan
Solar Power PromotionKorea Energy Agency (KEA) announced on March 3 that it has sent out its new renewable market development team to the PV EXPO 2016, which is being held from March 2 to 4 at the...
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Korean Enterprises to Join Infrastructure Projects in Egypt
Korea-Egypt SummitSouth Korean President Park Geun-hye had a summit meeting with Egyptian President Abdel Fattah el-Sisi in Seoul on March 3. During the meeting, the two heads of state signed nine MOUs...
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Samsung Electronics Closes Down 10% of Global Bases in 2015
StreamliningMore than 10 percent of Samsung Electronics’ production, sales and research and development bases across the world were closed down in the past year.According to Samsung Electronics on...
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Korean Internet Firms Subject to Reverse Discrimination due to Cyber Asylum
Anti-Terrorism Act Passed With the National Assembly having passed the Anti-Terrorism Act on March 3, Korean Internet firms are increasingly worried about a possible reverse discrimination against...
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Korean Conglomerates to Freeze Salaries, Samsung to Increase Salaries by 0 to...
Freezing Salaries This year, a wage increase of Korean conglomerates’ employees will fall short of the previous year’s. This is because domestic companies are seeking to cut costs due to their poor...
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Corporate Bond Market is Polarizing
Corporate BondsThe domestic corporate bond market is increasingly polarizing with investors preferring safer AAA bonds and bank debentures.According to the Financial Supervisory Service, the amount of...
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Will Samsung Be Able to Beat Apple Pay, Google Pay?
Billions vs. 500 MillionSamsung Electronics said on Feb. 4 that it has signed an agreement with the U.S.-based bankWells Fargo & Company to expand the coverage of its mobile payment platform...
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KNOC to Downsize and Sell off Its Assets Amounting to 400 Billion Won
Restructuring EffortsThe Korea National Oil Corporation (KNOC) will close down overseas resources development projects that fueled controversies over their business outcomes. Last year, the Board of...
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Aiming for New Paradigm of Cancer Treatment
Forming a JVC with SorrentoYuhan Corp., one of South Korea’s leading pharmaceutical companies, announced on March 2 that the company entered into an agreement with U.S.-based bioventure firm Sorrento...
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