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Employee Dies from Gas Leak at Samsung Electronics
Carbon Dioxide LeakA malfunction of a fire extinguishing system caused a leakage of carbon dioxide at Samsung Electronics’ R&D center in Suwon City, Gyeonggi Province at round 5 a.m. on March...
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Jeju Recorded Highest Land Price Increase Last Month
Realty Price TrendsThe real estate prices of Jeju Island are continuing to rise, with Chinese investors rushing in to benefit from its investment immigration program. The Ministry of Land,...
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KakaoTalk Introduces “Do Not Disturb” Feature
Digital EtiquetteKakaoTalk has introduced a Do Not Disturb feature that keeps users from being notified of KakaoTalk messages through pop-ups, vibrations, or alert sounds at specific times during the...
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Lending Rate Increase Slows Slightly in February
Household DebtThe recent upward movement of the lending rate has come to a halt. Market participants took a breather, as any additional rise could impose a heavier burden on households, with total...
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Current, Former Naver Executives Sought After by Large Korean Businesses
IT Talent ResourceFormer executives of Korean Internet giant Naver are emerging as the number one sought-after group by local large businesses such as Samsung Electronics and SK Telecom. According to...
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System Integration Companies Turning to Overseas Markets
Focusing OverseasLocal system integration (SI) companies are striving to open up overseas markets to deal with the restriction on their participation in public sector projects and internal...
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Facebook Aims to Counter Google Glass with Purchase of Oculus VR
Virtual Reality CompetitionWith Google expected to officially introduce Google Glass this year, Facebook’s next move after its buyout of a virtual reality headset maker is drawing a lot of speculation....
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Non-stop from Seoul to Russia by KTX
Variable Gauge BogieThe Korea Railroad Research Institute announced on March 30 that it developed a variable gauge bogie compatible with both the wide gauges used in Russia and the standard gauges in...
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Samsung, Apple on Collision Course Again
Patent Wars 2Another round of patent battles kicks off between Samsung Electronics and Apple, surrounding the Apple Tax this time.The U.S. District Court of the Northern District of California will...
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Leading Conglomerates in Korea Scrambling for Cash
Hoarding CashIt has been found that major Korean conglomerates are still busy hoarding cash rather than making aggressive investments.According to data from CEO Score, the combined cash and cash...
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LINE, KakaoTalk Fighting For Market Share Using Character-Driven Marketing
Messaging App MarketMessaging apps LINE and KakaoTalk, which have gained popularity through their stickers and emoticons, are expected to vie with each other using character-driven marketing this year....
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Avengers 2 Shooting Security Foiled by Suicide Prevention CCTV System
CCTV SpyingThe talk of the town in Seoul today is a CCTV filming of the Avengers 2 shoot on Mapo Bridge.On March 30, the full-on filming of the movie “Avengers: Age of Ultron” kicked off, but there was...
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5G Tech Patent Applications on Sharp Rise
5G PatentsThere has been a bombardment of patent applications in regards to 5 Generation (5G) mobile communication candidate technology. 5G is 1000 times faster than 4 Generation (G4).According to the...
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Korean Global UHD Market Share Jumps
Ultra High DefinitionKorean display companies that handed over the lead to their Taiwanese counterparts are fast regaining their share in the Ultra High Definition (UHD) panel market.According to...
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Samsung, LG Dead Set on Smartphone Sales Goals
Aiming HighSamsung Electronics is zeroing on in hitting annual sales of 500 million cell phones this year, with its worldwide debut of the Galaxy S5 on April 11. LG Electronics is also planning to hike...
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Crisis Heightens between South and North
Central ConflictAmid rising volatility around North Koream Kim Jong-un’s leadership, US-Korea’s restraint against North Korea is failing, and an armed clash crisis is escalating, according to an...
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Google to Actively Support Korean Mobile Game Developers
Threat to Kakao, NaverGoogle Korea’s efforts to provide support for Korean mobile game developers’ entry into the global market through Google Play has kicked into high gear. However, the industry...
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Hyundai Engineering Obtains US$91 Million Hydroelectric Plant Order in Indonesia
Flower PowerHyundai Engineering, which is scheduled to be merged with Hyundai Amco today, April 1, announced on March 31 that the company and Rajamandala Electric Power signed a hydroelectric power...
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43 Major Business Groups Put under Creditor Management
Strengthened StandardsUp to 14 big businesses, including the Hyundai Group, Halla Group, and Daesung Industrial, are being subject to creditor management due to their heavy liabilities.According to...
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Samsung Electronics’ Q1 Operating Profits Estimated at 8.5 Trillion Won
Samsung Q1 PerformanceThe estimated operating profits of Samsung Electronics for the first quarter of this year, which recently dropped to slightly over eight trillion won, has been adjusted upward to...
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