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Google to Launch High-speed Mobile News Platform in Korea
New News PlatformGoogle will release a news platform service, which helps distributing faster and more credible news contents according to the mobile environment, in Korea within 2 to 3 weeks....
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Korean Scientists Develop Key Technology for ‘Optical Computer Era’
Era of Optical ComputerInha University announced on March 14 that its international joint research team led by Electronic Engineering Professor Nam Dong-wook has succeeded in developing a germanium...
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Deutsche Bank, HSBC Fined for Rigging Foreign Exchange Swap Bid
Rigged BidDeutsche Bank and the Hongkong and Shanghai Banking Corp. (HSBC) will be fined for rigging foreign exchange swap bids. The Fair Trade Commission announced on March 15 that it issued a...
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Hyunda Motor Appoints Local Executive as Head of R&D Center in U.S.
R&D LocalizationHyundai Motor Group named a local executive at Hyundai America Technical Center (HATCI), the advance base for the U.S. market. It is the first time for the company to appoint a...
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LG Stylus 2 Became the World’s First Smartphone Compatible with DAB+
Compatibility with DAB+LG Stylus 2 has become the world’s first smartphone that supports the Digital Audio Broadcasting Plus, a next-generation digital broadcasting standard.On March 14, LG Electronics...
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SK Holdings C&C to Build Smart Transport System in Vietnam
Intelligent Transportation SK Holdings C&C has secured a bridgehead to make inroads into emerging Vietnam’s intelligence transportation system (ITS) market, accelerating the market invasion in...
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Samsung Group Decreases R&D Investment for First Time since Asian Financial...
Acceleration of Restructuring Samsung Group is accelerating a large-scale restructuring at its all subsidiaries. According to Samsung and business industry sources on March 14, the total number of...
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Hyundai Motor to Invest 2 Trillion Won in Self-driving Car Commercialization...
Investment in Car AI Hyundai Motor Group is gearing up efforts to develop self-driving cars amid explosive interest in the historic go match between Google's artificial intelligence (AI) AlphaGo and...
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Report: ‘Artificial Intelligence Poised to Replace Smartphones’
Smartphone ReplacementEricsson said in the latest edition of its market analysis report Ericsson Consumer Lab that artificial intelligence can take the place of smartphones within five years. It is...
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Researcher: ‘Impact of Restructuring Should be Minimized in Korea’s...
Minimum Restructuring POSCO Research Institute said on March 15 that South Korea’s shipbuilding industry should be allowed to maintain its competitiveness with the effect of restructuring minimized....
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Use of Korean-made Carbon Fibers Limited amid Rapid Market Growth
Long Way to GoAccording to industry sources, the global carbon fiber market is expected to double in size between 2010 and 2020. At present, the global market size is around 60,000 tons. The automotive...
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South Korean Telecom Operators Enforced to Invest More in LTE Networks
Not for 5G but for 4G Industry experts point out that this could hinder their investment in new technology. According to them, the government’s intention is to revitalize the domestic telecom equipment...
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Hankook Tire Becomes Exclusive Tire Supplier for 2016 TCR Series
Exclusive Tires for TCR SeriesHankook Tire, a global tire manufacturer, has announced that it becomes the exclusive tire partner for the Touring Car Racing Series ADAC TCR Germany until 2018, and...
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LG CNS to Build Bus Management System in Malaysia
Bus Management SystemLG CNS, an information technology solutions unit of LG Group, has kept winning contracts in overseas transportation IT market. The company announced on March 16 that it has won a...
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South Korea, Hong Kong to Share Tax Information to Prevent Tax Evasions
Offshore Tax EvasionOn March 16, South Korean National Tax Service (NTS) Commissioner Lim Hwan-soo and Wong Kuen-fai, Commissioner of the Inland Revenue Department (IRD) of Hong Kong, met with each...
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SKT to Build Nationwide IoT Network First in the World
IOT NetworkThe world’s first nationwide Internet of Things (IoT) network will be established in Korea. SK Telecom, the country’s top wireless carrier, announced its plans on March 16 to build the...
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Kolon Plastics, BASF to Form JV for Polyoxymethylene in South Korea
Joint Venture for POMKolon Plastics and BASF announced on March 16 that they have signed an agreement to establish a joint venture in South Korea to manufacture polyoxymethylene (POM). POM is an...
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Hyundai Rotem Bags Largest Deal Since Its Founding
Maintenance Deal in New ZealandHyundai Rotem, a train-making affiliate of Hyundai Motor Group, has inked a 187 billion won (US$156.7 million) maintenance deal in New Zealand. It is the largest contract...
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Korean Government to Reduce EPS Quotas of Countries Showing Higher Illegal...
Reduction of Employment QuotasOn March 16, Minister of Employment & Labor Lee Ki-kwon presided over a meeting in Seoul in order to ask for the cooperation of migrant worker sending countries for...
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Google’s Market Cap Jumped by US$48.9 Bil after Recent Go Matches in South Korea
Huge GainIt has been found that Google’s market capitalization increased by more than US$48.94 billion (58 trillion won) after the five Go matches between AlphaGo and Lee Se-dol.On March 15, Alphabet...
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