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Will Korea Be Permanently Excluded from Formula One Hosting?
Korean Grand PrixThe Korean Grand Prix, which recorded an operating loss of tens of millions of won, was dropped from the 2014 calendar.According to a revised calendar for the 2014 Formula 1 season...
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Korea Becomes Largest Exporter to China
Korea’s Export PerformanceThe Ministry of Trade, Industry and Energy (MOTIE) announced that South Korea overtook Japan to become the largest exporter to China this year for the first time, despite the...
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Selected as TIME’s No. 1 Viral Video of 2013
Psy’s GentlemanPsy’s music video “Gentleman” topped TIME’s list of the Top 10 Viral Videos of the year. In addition, Girls’ Generation’s “I Got a Boy” ranked fifth in its list of the Top 10 Songs of...
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Two Kangwon-based Hotels Join Premium Hotel Chain Benikea
“Benikea”Benikea (www.benikea.com), a hotel chain run by the Korea Tourism Organization, signed a chain merchant agreement with two hotels located on Korea’s east coast on the East Sea on November 26,...
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SK Group Records Highest Cashable Asset Growth Rate
Cash Flow of ConglomeratesThe cash flow of major business groups such as the Samsung Group, Hyundai Motor, Hanjin, and Hanwha is getting worse for different reasons. For example, it is investment for...
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Samsung Engineering Wins Gas Plant Construction Project in Malaysia Worth...
Malaysian Gas Plant ProjectSamsung Engineering signed a gas plant construction contract worth over 800 billion won (US$770 million) in Malaysia. The company announced on December 5 that it concluded a...
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Korea Collects Export Debt from Zimbabwe after Five Years
Chance for ExpansionBack in January 2008, Daedong Industrial exported 168 units of agricultural tractors to Zimbabwe. The buyer was the Zimbabwean government. The central bank of Zimbabwe stood surety...
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Aiming for 8.6 T. Won in Sales without Cold Rolled Steel Manufacturing Division
Hyundai HYSCOHyundai HYSCO is reorganizing its business structure to get to 8.6 trillion won (US$8.1 billion) in sales by 2020. This is to continue its long-term growth by sharpening its own...
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Lockheed Set to Provide “Comprehensive Support” If F-35A Selected
Korea’s Next-gen Fighter JetsLockheed Martin revealed on December 5 that it will actively transfer technologies including providing hundreds of thousands of technology–related documents when Korea...
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Will Samsung, China Mobile Work Together for LTE-TDD Services?
China Mobile Chairman’s Visit to KoreaThe world’s biggest mobile carrier and seven hundred million user-retaining China Mobile met with Samsung to discuss plans for launching LTE-TDD, the latest 4G...
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2013’s Most Watched K-pop Music Video on YouTube
Psy’s GentlemanPsy’s music video “Gentleman,” which has drawn nearly 600 million hits on YouTube so far, topped the list of 2013’s top ten most watched K-pop music videos on Youtube on December...
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GM Decides to Halt Selling Chevrolet Models in Europe, Arousing Union Opposition
GM Korea’s Global StrategyThe labor union of GM Korea issued a statement on December 10, criticizing the decision by GM’s top management to stop selling its Chevrolet-branded vehicles in Europe by the...
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Government to Increase Nuclear Power Dependency to 29% by 2035
Weight of Atomic EnergyThe Korean government has decided to limit nuclear power to a maximum of 29 percent of the total national energy generation for the country. This is a slightly adjusted figure...
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Trade Surplus of ICT at All-time High Jan-Nov
ICT TradeKorea’s trade surplus in the information and communications technology (ICT) sector surged to record highs from January to November this year.The Ministry of Science, ICT and Future Planning...
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Korbit Stresses “Korea Should Not Be Isolated, Weeded Out”
Bitcoins in KoreaKorbit, Korea’s biggest bitcoin marketplace, issued a statement warning that the government should be wary of falling behind the curve with bitcoins. The warning was a direct response...
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Korea Develops New Nanogenerator to Produce Electricity with Fingers
Energy Harvesting DeviceThe Korea Advanced Institute of Science and Technology (KAIST) announced on December 10 that a research team led by Professor Lee Keon-jae and Nam Yoon-sung from the Department...
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TPP Agreement Unlikely to Be Signed This Year
Trans-Pacific PartnershipIt is predicted that the Trans-Pacific Partnership (TPP) agreement, which is led by the United States, is unlikely to be concluded within this year. On December 10, Kyodo News...
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Kakao Losing Popularity in Overseas Markets
Turbulence of KakaoKakao emerged as a star in Korea’s IT industry with its mobile messenger Kakao Talk. However, its new subscriber acquisition rate is slowing down these days, along with the pace of...
View ArticleSeoul Bourse Getting Healthier with Delistings Sharply Dropping
Stock Market SoundnessThe number of companies thrown off from the stock market has decreased by a sizable margin this year. While the stock market continued to show general poor performance with...
View ArticleWhy Is Korea’s Technology Market Losing Steam?
KOSDAQ MarketThe long short fund strategy and the resignation of fund managers in charge of the analysis of small and mid-cap stocks are pointed out as two of the reasons for the recent downward spiral...
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