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ECCK Expresses Ambivalence about Doing Business in Korea
Korea for European BusinessesAt a gathering of the European Chamber of Commerce in Korea (ECCK) on March 8, members expressed ambivalent yet honest sentiments about the business environment of...
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Samsung to Offer 20% Discounts on Galaxy S7 in China
S7 China Pricing StrategySamsung Electronics is fighting an uphill battle in the Chinese smartphone market, and has made a surprising and aggressive decision to turn the tide. The smartphone giant will...
View ArticleKorea Export-Import Bank Issues 750 M Euro Bonds
Return to Euro Bond MarketThe Korea Export-Import Bank (Korea Eximbank) announced on March 9 that they successfully issued 750 million euro bonds. The bonds will go down in history as the first euro...
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AlphaGo Defeated Lee Se-dol in Go Match
Surprising Result Google’s artificial intelligence system AlphaGo defeated Korea's Go genius Lee Se-dol in their first match on March 9. After the match, Google DeepMind CEO Demis Hassabis said on...
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Egyptian President Abdul Fatah al-Sisi Visits Incheon New Port
President’s Interest Egyptian President Abdul Fatah al-Sisi paid a visit to Incheon New Port on February 4 as part of the goals of his visit to Korea to promote the economic cooperation between Korea...
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PyeongChang 2018 Organizing Committee Hosts ‘2nd Paralympic Day’ Event
Promotion of Para SportsThe PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) celebrated its “2nd Paralympic Day” at the Uiam Ice Rink in Chuncheon, capital city...
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Samsung Elevates Mobile Phone Picture Quality with Dual Pixel Technology
Image Sensor TechnologySamsung Electronics on March 9 unveiled its newest 12 megapixel (Mp) image sensor for smartphones, which will elevate the quality of mobile phone pictures. The 1.4μm-pixel-based...
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Green Cross Wins Flu Vaccine Export Deal from PAHO
Medicine Export to Latin AmericaIn a bid to supply medicines in the southern hemisphere in 2016, Green Cross, a South Korean biopharmaceutical company, announced on March 9 that it won a contract to...
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Bukwang Pharmaceutical Signs Diabetic Neuropathy Treatment Export Deal
Expanding Overseas MarketBukwang Pharmaceutical Co. announced that it has signed a deal with Kalbe International Pte. Ltd. on March 3 to export its self-developed incrementally modified drug for...
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Dong-A ST Signs Exclusive Contract with Chinese Firm to Supply Raw Material...
Raw Material Medicine ExportDong-A ST announced on March 9 that it has signed a contract with China’s Suzhou Sino on the previous day to exclusively supply “Terizidone,” raw material medicine used in...
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Korea Ranked Eighth in GIPC International IP Index
Intellectual Property ProtectionThe Global Intellectual Property Center (GIPC) announced on March 9 that Korea recorded 23.33 points and ranked eighth in the GIPC International IP Index last year. The...
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LG Display to Supply Mercedes Benz with Plastic OLED Panels
OLED for Mercedes BenzFor the first time in the industry, LG Display supplies plastic OLED panels to Mercedes Benz for its new models scheduled to be released this year.According to industry sources,...
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SK Broadband to Invest 320 Billion Won via Content Funds
Korea ‘House of Cards’SK Broadband announced on March 8 that a new corporation is to be set up in April after a merger between SK Broadband and CJ HelloVision and the corporation is going to make a...
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KERI Insists on Improving Standards for Massive Stockholding Report Obligation
Need to Change StandardsA report came out to call for making an improvement of reporting obligation standards for massive stockholding in order to stave off attacks from overseas speculative capital....
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Samsung Might Accelerate Restructuring When Galaxy S7 Fails to Boost Sales
Dependence on Galaxy S7 The tension is mounting around Samsung Group before the release of the Galaxy S7 in Korea.The performance of Samsung Electronics, the group's financial cash cow, in the first...
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Mercedes-Benz Korea to Face Prosecution Investigation for Selling...
Cheeky Illegal ActivitiesThe Korea government has decided to make Mercedes-Benz Korea face a prosecution investigation for selling unregistered vehicles. It has suspended the sale of Mercedes-Benz's...
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SKT’s Foreign Investors to Earn 2.5 Trillion Won Dividend
Dividend PartyAmid a sluggish growth in the domestic telecommunications industry, SK Telecom has become the only company that gives out large dividends among the local mobile carriers. The company...
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The Bank of Korea Froze Benchmark Interest Rate
Key Rate FrozenThe Bank of Korea held a Monetary Policy Committee meeting on March 10 and maintained the key rate at 1.50% a year for the ninth consecutive month. The financial market quickly responded...
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Chinese Capital Flowing into Korean Gaming Market
Chinese MoneyChinese game producers, which are armed with large capital, are scrambling to push into the Korean market. As they have established strategic partnerships and acquired shares, some raise...
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South Korea’s ICT Exports Fell for Five Months in a Row
Declining ICT ExportThe Ministry of Science, ICT & Future Planning announced on March 10 that South Korea’s ICT exports decreased by 9.8% from a year ago to US$11.47 billion last month. The imports...
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