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Samsung SDI Hits Trillion Won Jackpot
New MarketSamsung SDI is spearheading its market penetration of Energy Storing Systems (ESSs) for Japanese households.Samsung SDI announced on May 8 that the company inked a Memorandum Of Understanding...
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3 Trillion Won of Debentures Maturing This Year for 14 Main Restructuring...
Restructuring HurdlesThe major business groups in financial structural reform agreement with creditors have to redeem debentures worth close to three trillion won combined within this year, which is...
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Vice Chairman Lee Jae-yong Taking the Baton?
Samsung EmergencySamsung Electronics Chairman Lee Kun-hee’s stay in the hospital has lengthened. Vice Chairman Lee Jae-yong’s management ability is likely to be put to the test with the chairman’s...
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Chromecast to Land in Korea, Herald New Media Age
ChromecastChromecast, Google’s media streaming device that enables people to watch smartphone or Tablet PC-based videos on TV, has landed in Korea, igniting a lot of interest among potential users.The...
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LG's Smartphone Business in Doubt
Uncertain DirectionConcerns are mounting over the fate of LG Electronic’s smartphone business, as it has been staying at the number five spot in the global market three quarters in a row. There is even...
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LG Confident about Head-to-head Showdown of G3, Galaxy 5S
Early Release of G3Images of LG Electronics’ ambitious work revealed by an overseas IT news site are receiving a lot of attention. The LG G3 was well received by foreign news sites, saying that it...
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Korean Team Discovers Method to Commercialize Highly-efficient Nanogenerators
NanogeneratorsA Korean research team successfully developed a method to make a nanogenerator that can be used as a source of power for wearable devices. The Korea Advanced Institute of Science and...
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Fast Food Workers Harshly Criticize McDonald’s
Not Lovin’ ItThe Part-time Workers’ Union and the Youth Community Union held a press conference in front of the Shinchon branch of McDonald’s on May 15 to commemorate International Fast Food Workers’...
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Hyundai Motor Ordered to Pay US$240 Million in Punitive Damages for Fatal...
Olson vs. HyundaiUS-based news outlets including AP reported on May 13 (local time) that a state court jury in Montana ordered Hyundai Motor to pay US$240 million (247 billion won) in punitive damages...
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Samsung Group Matches Partner Firms with Capable Job-seekers
Big Helping HandsCompanies of the Samsung Group held a job fair on May 15 at the COEX Convention Center in Samsung-dong, Seoul. More than 200 small and mid-size enterprises working with 10 of the...
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KICPA Urges IMD, WEF to Reform Accounting Transparency Evaluation Methods
Bad RapThe Korean Institute of Certified Public Accountant (KICPA) sent a letter to the International Institute for Management Development (IMD) of Switzerland and the World Economic Forum (WEF) to...
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Korea Aerospace Research Institute Develops Optional Piloted Vehicle Tech
Aircraft TechThe Korea Aerospace Research Institute announced on May 28 that it developed new optional piloted vehicle (OPV) technology, which can be used to turn a manned aircraft in service into an...
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Mobile Shopping Increases 156%, Reaching 2.9 Trillion Won in Q1
Mobile ShoppingThe size of mobile shopping using mobile devices like smartphones and tablet PCs has more than doubled within a year. Statistics Korea announced the results of its study involving 1001...
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Private Equity Funds Opening New Chapter in Capitalism
Goodbye Industrial CapitalThe type of corporate ownership in Korea is changing these days. In short, industrial and financial capitalism is waning, while private equity funds (PEFs) are...
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Samsung Electronics’ Simband Uncased in the US
Digital Health EcosystemSamsung Electronics unveiled Samsung Digital Health, an open-source healthcare platform, in San Francisco on Wednesday, May 28 (local time).The Samsung Strategic Innovation...
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Samsung to Mass Produce 2nd-gen 3D V-NAND Flash
3D V-NAND FlashSamsung Electronics made an announcement on May 29 that it began to mass produce the industry’s first 2nd-gen 3D V-NAND flash memory chips in a 32-layer stack using the first-gen...
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Camera Specs to Decide Smartphone Sales
Decision FactorWith LG Electronics releasing its flagship smartphone G3, the local premium smartphone market seems to be turning into a four-way battle. Four different recently-launched premium...
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Coupang Successfully Attracts US$100 Million in Investment
E-commerce CompetitionKorean e-commerce companies are turning into foreign-invested enterprises. After the world’s largest social commerce site Groupon bought TMON for US$260 million at the end of last...
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Korean Builders Expected to Hit Another Jackpot in Kuwait
Overseas ConstructionKorean construction companies, which won US$7.1 billion worth in orders last month with a US$12 billion project in Kuwait, are poised to repeat the winning streak.On May 28, the...
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Won-dollar Rate Reaches 69 Month Record Low
Exchange RatesThe won-dollar exchange rate fell for four days in a row to close at 1,020.6 won per U.S. dollar. This is the lowest since August 7, 2008, when the rate reached 1,016.5 won per U.S....
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