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Korean Online Shopping Malls in China Experience Trademark Rights Problems
Trademark Rights in ChinaKorean online shopping malls are reportedly having a hard time in managing their trademark rights in China. According to industry sources, more than 75 percent of Korean...
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Trade between Korea and Turkey Expanding thanks to FTA
FTA FruitThe trade volume between Korea and Turkey increased 35.2 percent in just one year since the implementation of the bilateral FTA in May 2013.The Institute for International Trade of the Korea...
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Operating Profit Ratio of Korean Corporations Hit a New Low Last Year
Corporate ProfitsThe profitability of Korean corporations reached a new low last year, the lowest since 2003. Their average profit-to-sales ratio fell by 0.2 percentage points to 4.6 percent, while the...
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Samsung Electronics Recorded Better-than-expected Profits in Q1 This Year
Samsung’s PerformanceSamsung Electronics announced on April 29 that it recorded 8.49 trillion won (US$8.23 billion) in operating profits on a consolidated basis in the first quarter of this year. The...
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Providing One-Stop Service to Partner SMEs for Global Competencies
Korea South-East PowerKorea South-East Power (KOSEP) recently announced that it will create a management supporters group consisting of experts from various fields to offer free counseling and...
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STX Offshore and Shipbuilding about to Kick the Bucket
Declining FortunesFormerly ranked 13th in the local economy as a giant in shipping and shipbuilding, STX Offshore and Shipping Co. may forever disappear into the sunset.While other shipbuilding...
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Korea’s March Current Account Balance US$7.3 Billion Surplus; in the Black...
Money in the BankKorea has been in the black for 25 months in a row now, posting a March current account balance surplus of US$7.35 billion.According to the Bank of Korea’s March Balance of Payments,...
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Korean Research Team Develops Tech to Make 5nm Scale Circuit Patterns
Hyperfine CircuitsA Korean research team successfully developed a method to make a hyperfine circuit pattern for semiconductors smaller than 10nm after solving the problem of going smaller. Previously,...
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Chinese AMOLED Panels to Pour into the Market
Potential Threat to SamsungChinese companies are actively seeking to enter the AMOLED market. Although they are not technologically advanced yet, they are expected to target the mid-range and low-cost...
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Hyundai Merchant Marine to Sell LNG Business Unit
HMM’s RestructuringHyundai Merchant Marine (HMM) announced on April 30 that the company and the IMM Consortium signed a contract to sell its LNG business unit, and the deal was approved by the board of...
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Methane Hydrate May Ignite New Energy War in Asia
Dream Energy SourceWorries are mounting that methane hydrate, touted as a dream energy source, could spark a new energy war in Asia.U.S.-based magazine “Foreign Policy” recently pointed out that, “The...
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Samsung Group Chairman Lee Kun-hee Shows Steadfast Love for Camera Business
Chairman’s LoveSamsung Electronics’ sluggish camera business is like something that the company hesitates to give up, even though it is of little profit to the Korean tech giant whose goal is to become...
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Restructuring Wave Sweeping Major Life Insurance Companies
Changing TimesA restructuring wave is hitting major life insurance companies hard as seen by Kyobo Life Insurance initiating voluntary retirement on the heels of Samsung Life Insurance and Hanwha...
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K-Pop to Resound throughout China
Korean WaveSM Entertainment inked a strategic Memorandum Of Understanding (MOU) with China’s number one portal company Baidu, to collaborate in areas such as digital music service distribution and...
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Evolution or Revolution?
Mobile BankingMobile loan products currently served by banks have come a long way in terms of service quality and diversity. For one thing, a wide array of loans are offered on mobile platforms now,...
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Hyundai Genesis Picked as Safest Passenger Car in the World
World’s Safest CarThe new Hyundai Genesis has attained perfect scores across all 29 segments of a collision test by the Insurance Institute of Highway Safety (IIHS), becoming the first passenger car to...
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Koreans’ Satisfaction with Living Standards Ranks 25th of 36 OECD Countries
Life SatisfactionKoreans in general are less content with their living standards than most of the people in the other OECD member nations.The OECD released the Better Life Index 2014, which consists of...
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Foreign Exchange Reserve Reaches New High for 10 Months in a Row, Causing...
Foreign Exchange ReserveKorea’s foreign exchange reserve reached a new high again to stoke controversy over the optimum level.The Bank of Korea announced on May 8 that Korea’s foreign exchange holdings...
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Korean Shipbuilders 3rd Place in April Orders
Decreased Shipbuilding OrdersThe amount of the orders received by Korean shipbuilders plummeted last month. Although they recorded the largest amount of orders in the world in February this year, they...
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Vanguard of Sustainable Social Contributions
Hyosung CorporationHyosung Corporation is spearheading its social work via educational contributions such as “Junior Engineering Class” and “School Violence Prevention Education,” while consistently...
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