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BusinessKorea and Wall Street Journal Join Forces
Greater ImpactKorea’s first monthly economic magazine BusinessKorea (publisher Park Jung-hwan) and well-known American economic daily newspaper The Wall Street Journal signed a contract on April 9 in...
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Hanjin Obtains US$800M in Orders for Six VLCCs
Corporate Hopes RealizedHanjin Heavy Industries & Construction (HHIC) has obtained six orders for Very Large Crude Carriers (VLCC) for the first time since its foundation. This is very meaningful...
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What Are the Reasons for Samsung’s Discomfort Despite a Good Q1 Estimate?
Corporate FuturesSamsung Electronics announced on April 8 that its sales in the first quarter are estimated at 53 trillion won (US$51 billion), with gross operating profits of 8.4 trillion won (US$8.1...
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Hot Pursuit of New Combo Drugs
Medical InnovationsResearch towards new “combo drugs” is all the rage now. A combo drug refers to two or more drugs that can be taken at once.Fierce competition among pharmaceutical companies is...
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Offshore Car Production Hits Record High in Q1
Preemptive ExportDomestic motor companies’ offshore production is the highest in history in the first quarter of this year.According to the industry on April 8, Hyundai Motors and Kia Motors produced...
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When will Korea be Free of IT Imperialism and Reliance on Foreign OSes?
OS IndependenceThe end of Microsoft’s support for Windows XP has raised concerns about the possibility of large-scale security threats. The government is also closely monitoring the situation 24 hours...
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Samsung Group Selects 40 Projects for Future Technology Promotion Programs
Future TechThe Samsung Group announced on April 10 that 40 research projects were selected by the Samsung Future Technology Promotion Foundation as this year’s first support projects.In the field of...
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Newly Launched Smartphones to be Required to Feature “Kill Switch” against...
Remote SecurityThe Ministry of Science, ICT and Future Planning announced on April 10 that it will be mandatory for local smartphone makers to release new products with a built-in kill switch to deter...
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Korea’s Social Conflicts Driven by Inefficient Resource Distribution, Huge...
Social ConflictsEach weekend in the plaza in front of the Seoul City Hall a rally is staged by left-wingers who demand the resignation of President Park Geun-hye and National Intelligence Service Chief...
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Samsung Group Sets Out for Growth of Financial Arms
Profit SourcesSamsung Life Insurance President Kim Chang-soo has visited China twice in just three months since his appointment late last year. His deep interest in China is based on the belief that...
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ICT Exports Lead Korean Trade Surplus
ICT ExportsThe information and communications technology sector has turned out to be the largest contributor to Korea’s trade surplus in March, on the back of its export spurt to key trade nations...
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Rosier Outlook on Economic Growth?
Upward AdjustmentThe Bank of Korea made an upward adjustment of this year’s economic growth forecast on April 10, from 3.8 percent to 4.0 percent.The Central Bank also viewed next year’s growth rate to...
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ITU To Last for 3 Weeks in 2014 in South Korea
2014 ITUThe Ministry of Science, ICT and Future Planning, in anticipation of the successful hosting of the 2014 ITU Plenipotentiary Conference, shared its status on agenda preparation and special...
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Indie Korean Game Developers Hit San Francisco
Korean GamewaveKorean indie game companies received a huge boost at the Game Developers Conference 2014 in San Francisco last month as part of a government project to promote Korea’s game industry...
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Approximately 10 Stock Firms Expected to Disappear This Year
M&As of Securities FirmsNonghyup Financial Holding Company will acquire Woori Investment & Securities through a package deal.It is the largest M&A contract in the history of the Korean...
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Corporate Restructuring Becoming Permanent despite Rosy Government Forecasts
Preemptive RestructuringMajor Korean enterprises are keeping a low profile in spite of improving economic indices. What they are concerned about is not this year but 5 to ten years from now.Their...
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How Do Overseas Media Outlets Respond to Galaxy S5?
Overseas GalaxySamsung Electronics introduced the Galaxy S5 worldwide on April 11. After its launch, Samsung’s new flagship smartphone has scored high marks in function, but has met with a mixed...
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Samsung, LG Electronics Suggest Creation of Ecosystem for HTML5
Next-gen Web StandardThe household appliance and mobile industries are making a concerted effort to expand the ecosystem for the next-gen web standard, Hypertext Markup Language 5 (HTML5), and to...
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Investment in Content Emerges as Biggest Issue with Opening of UHD Broadcasting
UHD BroadcastingWith the cable industry ushering in the UHD broadcasting era in the second week of April, experts point out that the government should focus on increasing investment in UHD content and...
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AMOLED Market Expected to Turn around in 2015
AMOLED PanelsIt has been forecast that the global AMOLED panel market is likely to shrink in size this year due to the stagnation of the mobile device sector, which accounts for the majority of AMOLED...
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