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Era of 4K UHD Smartphones Begins Next Year
Higher ResolutionUS-based research firm Strategy Analytics reported on April 21 that 25.8 million units of 4K Ultra High Definition (UHD) mobile devices are expected to be sold next year. The number...
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Global IT Giants Eyeing Smart Car Market
Next BattlefieldCompetition among leading global IT companies such as Samsung Electronics, Google, and Apple is heating up in the smart car market.According to market research firm Strategy Analytics,...
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Outlook of Petrochemical Industry Worsening
Petrochemical DownturnIt has been found that Korean petrochemical companies’ paraxylene exports to China have dropped by 40 percent or so this year alone. Paraxylene is a raw material for PET bottles,...
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U.S. Invested US$274.4 Billion in Korea in 2013
Foreign InvestmentThe United States became the number one foreign investor in Korea last year, beating the EU, thanks to its relatively faster economic recovery.The Bank of Korea published the...
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Foldable Memory Device on the Horizon
Wearable ComputingA data storage device is expected to soon roll out that can be folded like paper and can be attached to wearable devices.Yonsei University faculty member Park Chul-min and Lee...
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POSCO to Export FINEX Steel Plant Facilities
Picking Up and MovingThe world’s third-largest steel maker is looking to export its steel-making FINEX Plant One after ending its operation, in the wake of kicking off the full operation of its FINEX...
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KOMIPO Winning Hearts with Social Contributions
KOMIPOKorea Midland Power Corporation (KOMIPO) bases its management philosophy on human beings, and it is actively getting involved in both domestic and international social contribution activities to...
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Obama-Abe Sushi Dinner Sparks Controversy
Schroedinger’s BluefinThe talk of the town is over an unofficial dinner enjoyed by Japanese Prime Minister Shinzo Abe and American President Barack Obama during the latter’s state visit to...
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Too Much Surgery Confuses Immigration Officials
Face CertificatesAs more and more foreigners go under the knife for plastic surgery in Korea, Korean hospitals have started to issue certificates to verify faces.Foreigners come to Korea in throngs to...
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Hanwha’s Solar Energy Business Turns Profitable after 3 Years
Solar PowerHanwha Group’s solar energy business has recently been exhibiting good performance overseas, and thus the business unit most likely turned profitable in the first quarter of this year, after...
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Technology and Samsung Best Represent Korea
Korea Essentials“Technology” and “Samsung” turned out to be the terms that best represent Korea, according to a survey don in several developed nations. As for the most representative products, survey...
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SK’s JV with JX Nippon Oil Approved, Leading to Trillion-won Investments in...
Foreign Investment DeregulationA joint venture between the SK Group and a Japanese company finally came to fruition after three years of negotiations. It is the first case in which companies have...
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American Car Giants Import More Korean Car Parts
Expanding MarketsIt turns out that American automobile companies such as General Motors (GM) and Ford are importing more and more Korea-made car parts.According to a report published by the Korea...
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Construction, Chemical Divisions Hold Key to Post-Lee Kun-hee Structure of...
Samsung Succession ShakeupKeen attention is being paid to the succession of the Samsung Group, with the adjustment of the subsidiary and shareholding structures accelerating for reorganization of...
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Korea Sets Three-year High in Real GDP Growth
Economic Growth RateThe Bank of Korea announced on April 24 that Korea’s real GDP increased 3.9 percent from a year earlier in the first quarter of 2014. The growth rate is the highest since the first...
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Constitutional Court in Favor of Banning Nighttime Access to Online Games
Game ShutdownThe Constitutional Court judged that the restriction on online games played by adolescents at night, the so-called Game Shutdown System, is constitutional.On April 24, the court...
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Samsung Electronics First to Mass Produce 3-bit SSD
New SSDSamsung Electronics is taking it up a notch in its attack on the market for SSDs, the preferred next-generation storage device.The tech giant announced on April 28 that it launched mass...
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Unbridled Days Could Be Over for Portal Sites
New RegulationsThe government is looking into methodologies to evaluate the status of market competition among large portal companies like it does to mainstay telecommunication companies.A Ministry of...
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Samsung’s First Tizen to Roll Out Next Month
New OSRumors indicate that next month, Samsung Electronics will roll out its first smart phone powered by Tizen, a mobile Operating System (OS) co-developed with Intel.According to foreign media such...
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Galaxy S5 Recall Serious Blow to Confidence in Product Quality
Product ConfidenceA major flaw with the camera on some Galaxy S5 devices has ignited controversy surrounding quality management. In fact, the defect discovered in Samsung Electronics’ new flagship...
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