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Korean Brand Name Children’s Apparel Quite Popular in China
Kids’ Clothing BrandsChinese parents’ unusual love for their children is helping expensive children’s wear brands in department stores that are suffering from poor sales because of the economic...
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Korea, China, Japan Join Forces for 5G Standards
Korea’s 5G InitiativeCooperation among South Korea, China, and Japan to set a global standard for 5G mobile technology will soon kick into high gear. Korea’s 5G Forum held a workshop in the Imperial...
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What Is World’s Best-Selling Liquor?
SojuAn influential British daily newspaper’s article on soju is drawing a lot of attention. It says, “The South Korean spirit is the globe’s best-selling alcohol. But they’re not just drinking it in...
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US Navy Dispatches P-8As to Japan
Northeast Asian TensionIt has been found that the US Navy sent an advanced maritime patrol aircraft to Okinawa, Japan with the increasing tensions in Northeast Asia for China’s declaration of the air...
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One in Four Listed Companies Suffered Deficits in Q3
Decreasing Net ProfitsThe accumulated net profit of Korea’s listed firms fell sharply in Q3, in spite of the hikes of their sales and operating profits. Around 25 percent of listed firms recorded...
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Samsung Heavy Industries Put FLNG Facility at Sea
World’s First FLNGSamsung Heavy Industries succeeded in being the first to put a self-developed floating liquefied natural gas (FLNG) production, storage, and offloading facility on the sea. It is...
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Hyundai Motor’s New Genesis Aimed at European Car Market
Genesis’ MissionBack in the 1980s, Japanese car makers like Toyota and Nissan knocked on the door of the European market with great ambition. Their compact and inexpensive cars took little time to...
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FX Authorities Concerned over Continuous Current Account Surplus
Continuous Current Account SurplusKorea’s foreign exchange authorities are concerned over a rapid fall in the won-yen exchange rate with the record current account surplus continuing for close to two...
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Cheil Industries Becoming Electronics Materials Manufacturer
Arm of Samsung’s Materials BusinessCheil Industries, the key subsidiary of the Samsung Group in the materials industry, appointed Samsung Electronics Vice President Jo Nam-seong as its new head. He has...
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Korean Mobile Gaming Industry Rulership Changing Hands
Local Mobile Game MarketBig companies are solidifying their hegemony in the local mobile gaming market.The mobile gaming industry’s current hegemony is shifting, as major companies are ramping up new...
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Large Businesses Represent 80% of Firms at Risk of Insolvency
Non-performing AssetsThe non-performing assets (NPAs) of Korean financial companies are reported to have increased dramatically since the global financial crisis. Experts raised concerns about the...
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Will Future iPhones Feature Facial Recognition?
Apple’s New TechApple was granted a patent for facial recognition technology to control iPhone devices. According to its web site, on December 3 (local time) the United States Patent and Trademark...
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Koreans’ Preference for Premium Smartphones Contrary to Global Trends
Uncomfortable TruthKoreans are voicing their opinion that the price of domestic smartphones should be lowered through a reduction in the factory price. However, consumers themselves reportedly prefer...
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GCF Secretariat, World Bank Open Korean Office in Songdo
Presence of Global OrganizationsOn December 4, the Green Climate Fund (GCF) Secretariat was opened in Songdo, Incheon City, along with the Korean office of the World Bank. The purpose is to share...
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World Bank Group President Jim Yong Asks Korea to be Responsible for Growth...
Korea’s ResponsibilityWorld Bank Group President Jim Yong said on December 3 that South Korea should feel responsible for the hope of people around the world admiring its miraculous economic growth. He...
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Hyundai Group Under Pressure for SPC-based Restructuring like Dongbu Group
Restructuring of Hyundai GroupThe government is putting pressure on Hyundai Group to launch a restructuring program in which the subsidiaries to be disposed of are sold in a package via a...
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Fine Dust Cloud from China Fills Seoul’s Sky
PM-10 from ChinaWinter is here, and dust clouds from coal, China’s main source of heat, have filled Seoul’s sky, painting it gray. The levels of carcinogens in the dust is impossible to measure. It is...
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Korea Resumes FTA Talks with Canada, New Zealand
Resumption of FTA TalksKorean Trade Minister Yoon Sang-jick met his counterparts of Canada and New Zealand each on December 3 to accelerate talks for a free trade agreement (FTA).The Korean trade...
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Korea Recorded Highest-ever FX Reserve of US$345 B. in November
Foreign Exchange ReserveThe foreign exchange reserve reached the highest level for the fifth consecutive month in November, voicing some need to diversify the current portfolio, which is focused on...
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“Blade and Soul” Taking Chinese Online Game Market by Storm at Launch
Popularity in ChinaNCSOFT’s new game “Blade and Soul” has become an instant hit in China just after release. The strategy focusing entirely on the Chinese market succeeded in enthralling Chinese users,...
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