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LG U+’s 3-band CA Demonstration Brewing Controversy
Controversy on World FirstLG U+ announced on June 4 that it succeeded in demonstrating three-band carrier aggregation (CA) of long term evolution (LTE) around its base station located in Sangam-dong,...
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Japanese Companies Moving Aggressively into Global Offshore Plant Market
Chase of Japanese ShipbuildersJapanese shipbuilding companies are shoring up their offshore plant construction business along with floating liquefied natural gas (FLNG) facilities to increase their...
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Korean Corporations in China Having Trouble with Employee Management
Business in ChinaThe Beijing office of the Korea International Trade Association (KITA) conducted a answer survey of 278 Korean companies in China and announced the results on June 12.According to the...
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Russia, North Korea in Closer Cooperation in Railway Industry
Railway CooperationIt is expected that North Korea will expand its cooperation with China and Russia in the railroad industry.Naenara, the portal site run by Pyongyang, introduced business cooperation...
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BOK Fixed Base Rate at 2.5% for 13 Months in a Row, Giving Up Optimistic View...
Monetary Policy ChangeThe central bank of Korea renounced its optimism about the recovery of the Korean economy amid increasing uncertainties both at home and abroad.The dampened consumer and investor...
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Samsung Focuses on UHD TVs, while LG Goes with OLED
Different StrategiesLG Electronics has just introduced curved UHD TVs to Korea. However, the fact that the company is not promoting or conducting a marketing campaign for its products stands in total...
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Foreign Investors Expected to Buy More Korean Stocks
Buy Korean StocksForeign investors’ net buying in the Korean stock market is expected to continue for a while, with the recent decision of the European Central Bank (ECB) to cut the base rate and...
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Wide Discrepancy between Ideal, Real Characteristics of Middle Class Showing...
Definition of Middle ClassThe ideal characteristics of the middle class assumed by Koreans in general are quite different from the reality.On June 12, researcher Lee Jun-hyup at the Hyundai Research...
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Korea Relatively Free from Concerns over Housing Bubbles
Housing BubbleThe International Monetary Fund (IMF) warned that various countries around the world should take immediate measures such as loan-to-value (LTV) ratio limitations in order to prevent the...
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KOWEPO Reaches Out to SMEs for Product Export
SME AidKorea Western Power (KOWEPO) is a public enterprise in South Korea that works closely with SMEs. It firmly believes in communicating and sharing values with the SMEs. To earn trust and help them...
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KEPCO E&C Makes Global Entrance in France with Thermonuclear Energy
Rising ProfileFor closer and faster cooperation with the International Thermonuclear Experimental Reactor (ITER), KEPCO Engineering & Construction Company (KEPCO E&C) opened a representative...
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Apple, Samsung Withdraw Their Appeals of Last Year’s Final ITC Ruling
Samsung-Apple Patent DisputeApple and Samsung’s recent move on patent infringement lawsuits is getting a lot of attention. German patent blog FOSS Patents reported on June 14 that Samsung dropped its...
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Mobile Games to Seek Breakthrough with Overseas Expansion
Seeking AlternativeFaced with a complex distribution channel structure and saturated domestic demand, the Korean mobile gaming industry is seeking a way out with global services.According to industry...
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Who will Win Battle for World’s First Tri-band LTE-A Service?
Competition for #1Three mobile carriers are competing to take the initiative in the world’s first tri-band LTE-A service, which is expected to be commercialized as early as late this month. The new...
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Korean Entrepreneurs Looking to Make the Most of President Xi Jinping’s Visit...
Historic VisitMajor Korean corporations doing business in China, such as the Samsung and Hyundai Motor Groups, are moving nimbly ahead of Chinese President Xi Jinping’s two-day state visit to Korea....
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Income Inequality Increasing in Korea
Income ImbalanceKorea’s total national income has almost doubled in 24 years, while its Gini coefficient has increased by approximately 10 percent during the same period. The Gini coefficient is a...
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SK Telecom’s Smart “Appcessories” Exported to China
Export of “Appcessories”SK Telecom is making inroads into the Chinese ICT market by signing contracts for the supply of its “appcessories” such as the smart robot “Albert” and the “Smart Beam.” On June...
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NH Woori Investment & Securities Established at the End of This Year
New Giant Securities FirmA new giant securities company is about to emerge in Korea, as NH Financial Holdings’ acquisition of Woori Investment & Securities is being wrapped up. The new corporation...
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Economic Department Reshuffled for Economic Reform and Deregulation
New Economic TeamThe Park Geun-hye administration is expected to focus on growth in its economic policy operation from now on, to address problems such as unemployment and a decrease in economic...
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Six Dead; No Hope of Compensation for Samsung SDI’s Remaining...
Casualties of TechnologyDespite the efforts Samsung Electronics is making to help the victims of leukemia with official apologies and plans for compensation, more cases of leukemia-stricken factory...
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