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DSME, Spawning Pool of Corruption?
Consitent Track RecordLast October, it was revealed that most of Daewoo Shipbuilding and Marine Engineering’s (DSME’s) 59 staff who filed for “batch resignations” had their resignations either put on...
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GM Korea Aiming to Occupy 10% of Domestic Market within 10 Years
Sales GoalGM Korea drew plans to achieve 10 percent market share in ten years by continuously promoting new vehicles as well as Cadillac and Chevrolet stores. On June 19, GM Korea CEO Jang Jae-jun...
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Nine Industries Include Korea’s Major Companies in Top Ten of Sales
Global Top 10Nine different global industries include Korean companies in the top ten.Samsung Electronics leads the industry with its mobile devices, semiconductors, and home appliances, while Hyundai...
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“Korean Working Hours Are Fewer than Those of Hong Kong and Singapore”
Comparison with RivalsThe Center for Free Enterprise claimed that working hours in Korea are similar to or even less than rival Asian countries such as Hong Kong, Singapore, and Taiwan.Hyuk Chul Kwon,...
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Big 3 Shipbuilders Face Difficulties This Year
Local Hard TimesSince last April, there were no new offshore plant orders for Korea’s big 3 shipbuilders. Due to shale gas effects, oil majors do not feel the need for crude oil exploration, and this...
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Korea Drifting Closer to China, Further from Japan and US
Shifting PoliticsXi Jinping, the General Secretary of the Communist Party of China who is scheduled to visit South Korea July 3 to 4, took actions to strengthen the cooperation between China and Korea...
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Team of Korean Neuroscientists and Engineers Develops Wearable Tech to Combat...
Technological SolutionA team of Korean engineers, neuroscientists, and ex-Googlers is taking on one of the most feared brain diseases we face in the modern age. Alzheimer’s Disease (AD) kills around...
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Korea Wins #1 Position in UN e-Government Evaluation Three Times in a Row
United Nations EvaluationKorean electronic government has won the first place at a biennial UN evaluation 3 times consecutively.The UN electronic government evaluation has assessed 193 member countries...
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Foldable Smartphone with Tablet Function to Be Released This Year
Evolution of SmartphonesAccording to sources in the display industry on June 24, Samsung and LG Electronics are planning to roll out new smartphones with 5-inch flexible displays as early as this...
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Two Korean Semiconductor Companies Lead Global DRAM Market
Dominant PositionSamsung Electronics and SK Hynix are the two dominant players in the global DRAM market. Since each company is in the top three of the global rankings, the two firms are likely to...
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Software Quality Competition Speeds Up in Smart Car Era
Software SafetyAs the automobile industry is being digitalized and requiring more networking, safety regulations of software becoming stricter. As a result, major automobile component manufacturers are...
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LS Group’s Tractor Builds a Bridge with Uzbekistan
International TradeLS Group (Chairman Christopher Koo) signed an agreement for comprehensive business cooperation with the automobile industry administration under the Uzbekistani government called...
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Samsung Ties for 10th with Microsoft in World’s Most Reputable Companies List
Company ReputationFor the first time, Samsung Electronics soared in the top ten of “The World’s Most Reputable Companies” selected by Forbes, the U.S. weekly economy magazine.As observed in the 2014...
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Half of Seoul Citizens Predict “More Danger in Ten Years”
Social SafetyAccording to Seoul Metropolitan Government’s “2013 Seoul Survey” on June 25, 57 percent of Seoul citizens regarded Seoul as more dangerous than 10 years ago, 24.5 percent think the...
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Dong-A Socio Holdings Starts a Plan for Biosimilar Medicines
Similars ProfitsDong-A Socio Holdings had an opening ceremony on May 30 for a DM Bio plant dedicated to manufacturing biosimilar medicines and medical supplies at the Songdo District of Incheon Free...
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Osong Bio Expo Pledges in Gwanghwamun
Big TurnoutThe Organizing Committee for this year’s Osong Bio Industry Expo held a “D-100 Success Pledge Event for 2014 Bio Industry Expo at Osong” to promote the exhibition on June 25.At the event,...
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One-on-one Hands-on Startup Knowledge Transfer
Korean Startup SceneTo help start-ups to successfully enter the global market, the Small and Medium Business Administration (SMBA) and Korea Venture Business Association (KOVA) planned a “Venture...
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Dong-A ST’s Sivextro About to Enter Global Market
FDA ApprovalOn June 22, Dong-A ST announced that its new drug Sivextro (tedizolid phosphate) was recently approved by the U.S. Food and Drug Administration (FDA) after 11 years of development. This is...
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Google Enters Convergence Platform Competition with Samsung, Apple
Triangular WarGoogle introduced an Android operating system (OS) specialized for smart watches, cars, and TVs in order to compete with Apple and Samsung who have showed their new product operating...
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LG G Watch Operates without Touch
G Watch LaunchLG Electronics is seeking to target the global smart watch market with its first Android-based smart watch. The G Watch was made available for pre-order from the Google Play Store in 12...
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