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Korea Research Team Develops Tech for 3D Blood Vessel Endoscope
Diagnostic Imaging TechThe Korea Advanced Institute of Science and Technology (KAIST) announced on March 12 that a research team lead by Professor Oh Wang-yuhl from the Department of Mechanical...
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Reunified Korea Likely to Post US$86,000 in GDP Per Capita in 2050
Reunified EconomyHong Soon-jik, a North Korea researcher at Hyundai Economic Research Institute, has predicted that the unification of the Korean Peninsula would bring about Gross Domestic Product...
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A German Blogger Writes “Has Apple Lost Its Mind?”
Spiteful RemarksAccording to the public transcript of a January 23 hearing revealed through German-based blog FOSS Patents on March 11 (local time), Apple is going to demand that Samsung Electronics...
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GM Korea Carries Cost of Parent Company’s Withdrawal of Chevrolet Brand from...
Chevrolet Brand WithdrawalGM Korea is likely to shoulder the entire cost associated with GM’s withdrawal of the Chevrolet brand from Europe. According to industry sources, the GM headquarters has...
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Mobile Phone Retailers Open without Any Business
Mobile Business SuspensionConcerns are rising over potential losses on the part of smartphone retailers and manufacturers as the three major mobile carriers, KT, SK Telecom and LG U+, have been subject...
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Foreign Investors Focusing on Samsung Electronics, SK Hynix Shares
Picky Foreign InvestorsThe Korea Composite Stock Price Index (KOSPI) dipped below 1,940 points due to foreign investors’ net selling trend. They recorded a net selling amount of approximately 280...
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Korean Government Keeps Taking Hard Line against Japan
S. Korea-Japan RelationsThe Korean government announced that there will be no summit talks between Japan and itself unless the latter shows a significant change in stance. The announcement was made in...
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Semiconductor Patent Lawsuit Brought against Samsung Electronics
Another Patent HurdleSamsung is in danger of being embroiled in another patent dispute before the patent battle with Apple is finalized. This time, it relates to the semiconductor area, the Korean tech...
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Handset Makers Compete to Obtain Patent for Unlocking Mobile Terminals
“Unlocking” Patent CompetitionAccording to web site KIPRIS run by the Korean Intellectual Property Office on March 13, Samsung Electronics was granted a patent for a “Method of unlocking mobile...
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Chinese Internet Enterprises Emerge as Global Players
Chinese IT GiantsChinese social networking services (SNSs) and online video platform providers are emerging as big players in the global Internet industry, propelled by their recent good performance....
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FSC Head Committed to Lifting All Financial Red Tape
Financial DeregulationKorea will facilitate competitions among financial companies by removing regulatory hurdles.Financial Services Commission (FSC) Chairman Shin Je-yoon came to an agreement with...
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Korean Battery Makers Rush to Build EV Battery Plants in China
EV Battery CompetitionKorean battery manufacturers are rushing to China as the Chinese electric vehicle (EV) market is showing rapid growth. The Chinese government decided to extend the subsidies for...
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Korea’s Trade Surplus with US Increased 77 Percent over Two Years
Trade with USIt has been found that Korea’s total exports to the United States have increased while imports have decreased since the implementation of the KORUS FTA two years ago. According to the...
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Desktop Virtualization Emerging as Alternative to Windows XP
Desktop AlternativeVarious companies are focusing on desktop virtualization for the most effective utilization of PC resources amid the popularization of smart work. In particular, virtualization is...
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Hyosung Goes Global with Tansome Carbon Fiber
Carbon Super FiberHyosung Corporation on March 12 announced that it is starting a full-fledged global brand marketing of its newly-dveloped high-functioning carbon fiber called Tansome at JEC Europe...
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New Chairman of POSCO Paying Attention to Electric Vehicle Industry
POSCO Growth EnginePOSCO’s new Chairman Kwon Oj-joon, who is scheduled to take office on March 14, has decided on electric vehicles (EVs) as his company’s future growth driver. POSCO and its...
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Korea, China with Same Plan for OS Development, but Different Results
OS DependenceThe Korean and Chinese governments both adopted a policy to develop a new operating system (OS) around the same time. At that time, their OS development plans were equally criticized for...
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Increasingly Sophisticated Tactics, Rapid Increase in Reported Malicious Apps
Evolving MalwareOn March 20, the Korea Internet & Security Agency (KISA) announced the results of its study on mobile malicious apps reported over the past two months. It was found that methods of...
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Mid to Low-range Android Tablets vs. Apple’s Premium-priced iPad Models
Deepening Price PolarizationUS-based research firm Strategy Analytics announced on March 20 that ultra-low-cost products made up 50.2 percent of the total Android tablets sold worldwide in 2013, while...
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Korea to Nurture Medical Device Industry
Medical DevicesThe Korean government is going to pursue a mid-to-long term plan to become one of the top 7 countries in the medical device sector by 2020. The government announced a plan to foster the...
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